Daily Archives: June 10, 2020

Medicom Announces Second Kolmi-Hopen Mask Facility in France

MONTREAL, June 10, 2020 /PRNewswire/ — The Medicom Group, (“Medicom”), one of the world’s leading manufacturers of surgical and respiratory masks, has announced plans to open a second mask production facility in France. The plant will be established as Medicom Kolmi-Hopen Engineering and will help the company serve incremental demand across Europe as Medicom continues to invest […]

OPEC daily basket price stands at US$37.09 a barrel Tuesday

VIENNA, The price of OPEC basket of thirteen crudes stood at US$37.09 a barrel on Tuesday, 9th June, compared with US$38.89 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran

Sharjah Environment and Protected Areas Authority filed 15 violations in Q1 2020

SHARJAH,  Sharjah Environment and Protected Areas Authority has registered 15 violations as a result of damages caused to plant life in the wilderness, during the first quarter of 2020, especially due to the damages caused by soil levelling work and cutting of perennial and non-perennial trees. In a statement by the authority on Wednesday, violators

Dubai Islamic Bank successfully closes landmark US$1 billion Sukuk

DUBAI,  Dubai Islamic Bank, DIB, has successfully closed a US$1 billion long five-year Sukuk with a profit rate of 2.95 percent per annum, which is equivalent to 245 basis points (bps) over the equivalent tenor Mid Swap Rate. In a statement by the bank on Wednesday, DIB’s $1 billion Sukuk is a landmark transaction as