Oil changed its trend to decline at the end of trading, Friday, after negotiations to raise the public debt ceiling between Republican members of the US House of Representatives and the administration of President Joe Biden temporarily stopped, which threatens the government’s failure to pay its obligations, which will reduce …
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Mubadala Investment Company “Mubadala” announced; The Sovereign Investment Company in Abu Dhabi, announced the group’s financial results for the year 2022. Despite the many economic challenges witnessed in 2022, which greatly affected financial markets and investor orientations, Mubadala achieved levels of performance that exceeded global indicators, thanks to the effective …
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Abu Dhabi, May 19 / Savings deposits in the banking sector in the country – excluding interbank deposits – reached 245.01 billion dirhams at the end of last February, according to the latest statistics of the UAE Central Bank. Central Bank statistics showed that savings deposits in banks witnessed a …
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Islamabad 28 Shawwal 1444 AH corresponding to May 18, 2023 AD Pakistan and Iran decided to finalize the free trade agreement for its speedy implementation, in order to benefit from the huge potential in the fields of trade and investment. Pakistani Prime Minister Shahbaz Sharif said that the implementation of …
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Abu Dhabi, May 18 / The Central Bank of the Emirates revealed that cash deposits increased to 654.6 billion dirhams last February, an increase on an annual basis of 6.7%, or the equivalent of 41.2 billion dirhams, compared to 613.4 billion dirhams in February 2022. And the Central Bank stated, …
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Abu Dhabi, May 18 / The Department of Economic Development and Abu Dhabi Islamic Bank announced today the signing of a joint cooperation agreement to provide services for opening bank accounts for investors and owners of economic licenses issued by the Department, which contributes to facilitating business in the Emirate …
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The gap between deposits and credit in the banking system in the UAE doubled within a year, with deposits exceeding credit by 345.4 billion dirhams at the end of February 2023, compared to 178.1 billion dirhams at the end of February 2022. The surplus of deposits over credit doubled, despite …
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Abu Dhabi, May 17: The local stock markets consolidated their gains at the end of the day’s trading, and their market capitalization amounted to approximately 17.4 billion dirhams, supported by the gains of the leading stocks in the financial, real estate and industrial sectors. During today’s trading, the Dubai Financial …
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The World Travel and Tourism Council (WTTC) revealed the growth of the contribution of the travel and tourism sector to the UAE economy during 2022 by 60.2%, to reach approximately 167 billion dirhams, restoring 90.9% of pre-pandemic levels, and the contribution is expected to rise to 180.6 billion dirhams. By …
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Abu Dhabi, May 17 / The Ministry of Industry and Advanced Technology, Tawazun Council, and Emirates Global Aluminum Company confirmed that the second session of the “Make in the UAE Forum” and the accompanying exhibition will witness the announcement of many unique opportunities and capabilities for entrepreneurship in the industrial …
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