Economic Indicators

Wataniya carriers revealed their preparations for the summer travel season by announcing seasonal flights to unique summer destinations around the world, in addition to strengthening and increasing the number of daily and weekly flights to the most popular destinations during the summer. Expectations indicate a significant growth in the demand …

Cairo, June 2, Lieutenant General Osama Rabei, head of the Suez Canal Authority, confirmed that the navigation movement in the canal is regular and was not affected by bad weather, as the Suez Canal succeeded in completing the transit of 63 ships from both directions, with a total net tonnage …

Abu Dhabi, June 2 / The Arab Monetary Fund expected the continuation of the economic growth momentum in the United Arab Emirates during the current and next years, to achieve an average high economic growth rate of 4.6% for the period from 2022 to 2024 as a result of the …

Abu Dhabi On June 1, First Abu Dhabi Bank succeeded in issuing bonds worth $600 million with a maturity of 5 years, at a rate of +95 basis points above the US Treasury yield, with a total return of 4.774%. This issuance marks the first green bond issuance by a …

Dubai, June 1, The Ministry of Economy held a training workshop, in cooperation with the Executive Office to Combat Money Laundering and Terrorist Financing, at the Dubai Chamber of Commerce, for a group of directors of inspection, enforcement and legal affairs at company registrars in the country, including non-financial free …

ABU DHABI, June 1: His Excellency Mohamed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development, said that the Abu Dhabi Office for Exports (ADEX), which is affiliated with the Fund, provided financing to the industrial sector and manufacturers in the UAE, estimated at more than 1.5 …

Investment Corporation of Dubai announced its consolidated financial results for the year ending on December 31, 2022, and it achieved record revenues of 267.4 billion dirhams, and recorded record net profits of 36.1 billion dirhams, as all business sectors contributed to this distinguished achievement. Revenues amounted to 267.4 billion dirhams, …

– 7.4 billion dirhams, the economic value retained in the Dubai economy, representing 57% of the total economic output of major events. – 63 major events that attracted 1.2 million visitors, 40% of whom came from outside the country. – More than 48,000 jobs were supported by major events, resulting …

Dubai, May 30 / Dubai Industrial City – affiliated to TECOM Group – will participate in the activities of the second session of the “Make in the UAE” forum, which will start tomorrow and will last for two days and is organized by the Ministry of Industry and Advanced Technology …

Abu Dhabi On May 29, the Abu Dhabi Securities Exchange witnessed the execution of 4 large deals on the shares of Ishraq Investment Company. According to Abu Dhabi market data, deals were executed on about 226.7 million shares, at a value of approximately 131.5 million dirhams, at a price of …