Recent data of the “Dubai Statistics Center” revealed that 81% of the emirate’s population are “economically active”, representing about 2.864 million people out of the total population of Dubai, which numbered about 3.55 million people at the end of 2022. The data showed that males constitute about 73% of the …
Read More »Emirati participation on the sidelines of the first Gulf economic forum in Paris. 600 French companies operate in the country.
The French Gulf Forum, in its first edition, was concluded in the French capital, Paris, in which businessmen from the UAE participated and organized by the French government over two days under the title “Gulf Vision”. The forum discussed investment opportunities in the Gulf countries, led by the United Arab …
Read More »Dubai Summer Surprises 2023 kicks off June 29
Dubai, June 16 / The 26th edition of “Dubai Summer Surprises” will start on June 29, to provide the city’s residents and visitors with many entertainment offers, unique shopping experiences and family activities that will continue until September 3. The opening of “Dubai Summer Surprises” – organized by the Dubai …
Read More »770 Chinese companies registered with Dubai Multi Commodities, with a growth of 24%, signed a memorandum of understanding with the Yingang Center in the field of trade
Dubai Multi Commodities Center announced an annual increase of 24% in the number of registered Chinese companies that carry out their activities and businesses from its free zone, and this comes after the conclusion of its promotional campaign in China, which included a visit to a group of business and …
Read More »BMI: Dubai is recovering 98% of the size of its pre-pandemic economy
A report issued by the research company BMI confirmed that Dubai was able to restore the size of its pre-pandemic economy by 98%, with the support of the recovery of the retail, transportation and warehousing sectors, which have become the main engine of growth. The newly released report touched on …
Read More »10.4 billion dirhams of local stock gains in the mid-week session
Abu Dhabi, June 14 The local stock markets consolidated their gains at the close of trading today, and their market capitalization amounted to more than 10.4 billion dirhams. The market capital of listed shares rose from 3.336 trillion dirhams at the end of yesterday’s session to 3.346 trillion dirhams at …
Read More »263 billion dirhams of savings deposits in the banking sector at the end of last March
Abu Dhabi, June 14: Savings deposits in the banking sector in the country, excluding interbank deposits, exceeded 263 billion dirhams at the end of last March, according to the latest statistics of the UAE Central Bank. The “Central” statistics indicated that savings deposits amounted to 263.14 billion dirhams at the …
Read More »430.7 billion dirhams, the capital and reserves of UAE banks at the end of the first quarter, a growth of 8.9%
Abu Dhabi, June 13 / The total capital and reserves of banks operating in the country increased on an annual basis by about 35.2 billion dirhams, or 8.9%, to reach 430.7 billion dirhams at the end of the first quarter of this year, compared to about 395.5 billion dirhams at …
Read More »Dubai brings shipping containers to life, art pieces and retail outlets
Did you ever imagine that you would go to a famous coffee shop, or a medium-service restaurant, made of containers that were once intended for shipping goods by sea, today they are recycled to form entertainment destinations for food and drink. Did you have doubts in the past – in …
Read More »The banking sector in the UAE continues its growth momentum during the first quarter
Abu Dhabi, June 12: The banking sector in the country continued its growth momentum during the first quarter of this year, recording record levels in terms of the growth of assets, credit, deposits and investments, supported by the strength and durability of the national economy. According to the statistics and …
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