Economic Indicators

Abu Dhabi, May 25 / The Emirates Central Bank confirmed that the operational capacity of the payment system in the country continued to maintain its safety and strength during the past year 2022, including the check clearing service using its images, the Emirates System for Money Transfers, the Emirates Direct …

Abu Dhabi, May 24: The assets of Islamic banks operating in the country increased to 631.7 billion dirhams at the end of last February, with an annual growth rate of 6.5%, or the equivalent of 38.6 billion dirhams, compared to about 593.1 billion dirhams in February 2022, according to the …

The Al Habtoor Group announced the appointment of China Railway 18th Bureau Group Ltd. as the main contractor for its new pioneering project, the Al Habtoor Tower in Al Habtoor City in the heart of Dubai, with a total investment value of 3.7 billion dirhams. Khalaf bin Ahmed Al Habtoor, …

Sharjah, May 23 / The Department of Economic Development in Sharjah has reorganized practicing the activity of trading used auto parts in the emirate due to the importance of this activity, by amending the geographical scope of the areas allowed to practice this activity, as the department identified the areas …

On Tuesday, the International Monetary Fund revised its forecasts for the British economy, indicating that it “expects growth of 0.4% this year, a month after it expected a contraction.” The fund added that it “expects the British economy to avoid recession in light of the steadfast demand and decline in …

Abu Dhabi, May 23 / The total volume of non-oil foreign trade between the UAE and Malaysia during the 10 years amounted to 160.2 billion dirhams. Imports accounted for 76% of the total trade exchange between the two sides, with a value of 121.6 billion dirhams, and exports by 16.5%, …

ABU DHABI, May 22 / During the year 2022, the Abu Dhabi Fund for Development continued its leading role globally in promoting the UAE’s vision and goals in building the economies of developing countries, supporting the national economy and enhancing its global competitiveness. The fund’s total financing, investments and bank …

Cairo, May 21: The Emirates Council for Investors Abroad signed a memorandum of understanding with the Egyptian-Emirati Business Council to launch new paths that support the development and support of existing investment partnerships, in addition to offering more investment opportunities in the sectors of the new economy, green projects, recycling, …

National banks increased their investments in bonds held to maturity within a year, by 111.7 billion dirhams, to reach 223.9 billion dirhams at the end of February 2023, compared to 112.2 billion dirhams at the end of February 2022. According to the analysis of the “Gulf” on the data of …

Abu Dhabi, May 19 / First Abu Dhabi Bank highlighted the great potential of the UAE, which makes it a major investment gateway for Chinese companies, during the Chinese and Arab Entrepreneurs Summit that the bank hosted today at the Conrad Abu Dhabi Etihad Towers Hotel, with the participation of …