Economic Indicators

Dubai on August 15th Ajman Bank announced the listing of the new capital increase shares on the Dubai Financial Market and the start of trading in them tomorrow. The bank said, in a disclosure today on the Dubai Financial Market website, that this comes after completing the process of allocating …

August 14th Apple is seeking to enter the electric car market with its new car, the iCar, to compete with Tesla, and by taking advantage of the great progress in manufacturing this type of car. According to one report, the team behind the company’s first car has nearly 1,000 employees. …

August 13th The market for home air conditioners in the UAE records an annual growth of between 4 and 6%, and companies confirmed that the market for home air conditioners continues to grow, driven by urban development, and the state’s tendencies to enhance energy efficiency, relying on sustainable devices, in …

Incoming flights to UAE airports until the end of August 2023 are witnessing strong levels of occupancy, coinciding with the return of residents and citizens from summer vacations, in addition to tourist demand from some international markets in Europe, Asia and North America. Airlines record a high load factor on …

Oil prices rose, on Friday, after the International Energy Agency expected record global demand and shrinking supplies, which pushed oil to gain for the seventh week in a row, in the longest winning streak since 2022. Brent crude futures rose 41 cents, or 0.5%, to settle at $86.81 a barrel, …

​​​​​Air Arabia announced record financial and operating results during the second quarter and the first half, as the company continued its strong performance in achieving a successful growth strategy. Al Arabiya recorded a profit of 459 million dirhams during the second quarter, an increase of 187% compared to 160 million …

Geneva on August 12th The International Air Transport Association (IATA) confirmed the continued recovery of the air travel sector last June, with travel traffic increasing by 31% compared to June 2022. The union said in a recent report today that all markets showed strong growth, and that the proportion of …

Aug 11th School uniform stores in Abu Dhabi witnessed a turnout from parents to buy new uniforms according to the designs approved by the Emirates Foundation for School Education for public school students, including students from kindergarten to grade twelve for the academic year (2023-2024). The stores provide multiple services …

The UAE and Saudi financial markets topped the Arab stock exchanges during last July’s trading, after achieving market gains of about $49 billion (180 billion dirhams), according to the Arab Monetary Fund. The fund stated, in the monthly bulletin of Arab financial markets, which monitors the performance of 14 stock …

The assets under management of Gulf sovereign wealth funds have grown by 20%, on average, over the past two years to reach about $4 trillion; Driven by rising oil prices, according to a recent report by data analysis firm S&P Global Market Intelligence.     The report indicated that this …