Economic Indicators

Abu Dhabi, May 29: The local stock markets attracted liquidity that exceeded 1.6 billion dirhams at the close of trading today, with its main focus on real estate, financial and banking sector stocks. Liquidity was distributed by 1.05 billion dirhams on the Abu Dhabi Stock Exchange and 569.3 million dirhams …

Despite the US debt ceiling deal controversy, tech investors are now buying, and this is evident in stock market indices. The “Nasdaq Composite” closed Friday with a fifth consecutive weekly gain; It has jumped 2.5% in the past five days and is now up 24% this year, far outperforming other …

The Dubai Financial Market is preparing to launch a future contract on its general index, according to what the market announced, in a statement, indicating that the listing and start of trading futures contracts on the general index will start from the session on Monday, May 29, 2023. Futures contracts …

BEIJING, May 27: Data from China’s National Bureau of Statistics showed today that the electricity and heat production and supply sector witnessed a 47.2 percent rise in profits during the first quarter of this year. The authority stated in a statement that the machinery and electrical equipment industry recorded an …

The total value of real estate projects affiliated with the Sharjah Investment and Development Authority (Shurooq) amounted to about 7 billion dirhams, according to Ahmed Obaid Al-Qaseer, Executive Director of the Authority. Al-Qaseer said in an interview with Al-Khaleej newspaper that 70% of Shurooq’s projects have been delivered, indicating that …

French private equity company Ardian plans to increase the number of employees in its regional office in Abu Dhabi to about 30 people next year, as it seeks to expand its presence in the Middle East region full of emerging opportunities and cash flow that paves the way for new …

Cairo, May 27 / Chevron International announced its intention to inject large investments in Egypt, whether in the field of research and exploration or in the field of manufacturing oils and ship fuels. This came during the reception of Eng. Tariq Al-Mulla, the Egyptian Minister of Petroleum and Mineral Resources, …

The average number of employees registered in the Wage Protection System at the UAE level increased to 5.2 million in 2022 from 4.2 million in 2021, an increase of one million people. According to Central Bank data, the total number of salaries increased from 46.4 to 55.5 million. There was …

ADNOC announced the completion of the price building process and the initial public offering of ADNOC Supply and Services plc, and achieved the offering of a minority stake representing 19% of the company’s issued shares, after increasing it from 15% to meet the large demand from investors, at a final …

Egyptian Minister of Supply Ali Al-Moselhi said, Thursday, in a press conference: “Egypt’s strategic reserve of wheat is sufficient for consumption of 5.9 months.” He added, “The country’s reserves of vegetable oils are sufficient for five months.” Kamal Hashem, head of the Egyptian General Company for Silos and Storage, said …