Finance & Business

October 16 Gold prices fell during today’s trading, losing about $13 in instant transactions, abandoning their highest levels in a month. By 08:43 AM UAE time, the yellow metal fell by 0.65%, or the equivalent of $13.01, to reach 1920.24 per ounce. Gold contracts for December 2023 delivery fell by …

October 15 His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said that Dubai’s economy achieved 3.2% growth during the first half of this year, with a total value of 223.8 billion dirhams. His Highness stated on the “X” platform: “During the first half of …

October 14   The International Monetary Fund raised its expectations for the growth of the non-oil GDP of the Abu Dhabi economy during the current year to 4.6%, from a previous forecast of 3.9% last May, while it maintained its expectations for the growth of the non-oil GDP of the …

Marrakesh on October 14th The UAE Ministry of Finance participated in the fourth and final meeting of finance ministers and central bank governors of the G20 countries, which was held on the sidelines of the annual fall meetings of the World Bank Group and the International Monetary Fund, held in …

Abu Dhabi on October 13   His Excellency Khaled Mohammed Al-Amaa, Governor of the Central Bank of the United Arab Emirates, met with the International Monetary Fund mission headed by Mr. Ali Al-Eid, during a visit the mission made to the UAE to review the country’s economic and financial developments. …

October 11 His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, may God protect him, in his capacity as Ruler of the Emirate of Dubai, issued Resolution No. (18) of 2023 forming the Board of Directors of the Dubai Center for Economic Security, headed by Talal …

October 10   Shares in the Gulf Cooperation Council countries rose on Tuesday, as the main Saudi market index, TASI, gained 0.61%, rising to 10,640.06 points, through the trading of 218.6 million shares, with a value of 4.88 billion riyals. While the parallel market index (maximum growth) declined 0.65% to …

Abu Dhabi on October 10   Local stock markets attracted liquidity exceeding 1.7 billion dirhams at the end of today’s trading, with “International Holding” and “Emaar Properties” topping the list of the most active.         Liquidity was distributed at 902.7 million dirhams on the Abu Dhabi Securities …

Abu Dhabi on October 10   The World Investment Forum, organized by the United Nations Conference on Trade and Development (UNCTAD), provides more than 7,000 government officials, decision-makers, business leaders and other stakeholders in the field of investment with the opportunity to learn about the growing “hawk economy” and its …

October 9   The combined revenues of the UAE government (which includes the federal government in addition to local governments) recorded a significant increase during the second quarter of the year 2023, by 13.4%, after reaching 131.2 billion dirhams, compared to the first quarter in which it recorded 115.6 billion. …