Economic Indicators

The Iraqi Oil Marketing Company (SOMO) announced that it set the official selling price for Basra Medium crude in June to Asia, at a discount of 15 cents from the average prices of Oman / Dubai. It also set the official selling price for Basra Medium crude in June to …

Khazna Data Center announced its plans to enter the Egyptian market, in cooperation with the Benya Group, to establish the first large-scale modern data center in Egypt, at a cost of $250 million, in the Maadi Technology Zone, the first specialized investment zone in Egypt. It is expected that the …

Abu Dhabi, May 8 / His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, welcomed the international investment community at the Annual Investment Forum 2023, which kicked off today at the Abu Dhabi National Exhibition Center “ADNEC” under the patronage of His Highness Sheikh Khalid …

Dubai Electricity and Water Authority announced a net profit of 763 million dirhams, an increase of 10.4% compared to the first quarter of last year. (Revenues for the past twelve months amounted to 27.7 billion dirhams, and net profit amounted to 8.1 billion dirhams). The consolidated annual revenue increase of …

The Ducab Group contributes more than 6.6 billion dirhams to the UAE economy, and exports 60% of its products to more than 55 markets. It provides a wide range of world-class solutions for the energy sector, and employs more than 1,400 employees in its factories and offices. Ducab Group supplies …

Issam Kazim, Executive Director of the Dubai Corporation for Tourism and Commerce Marketing, revealed that Dubai is working with real estate investors and developers to provide different segments of hotel establishments, in line with the increase in tourist flows, and the diversification of hotel accommodations, to serve all segments of …

Abu Dhabi, May 7 / The Annual Investment Forum 2023, which will start tomorrow in Abu Dhabi, is a leading global economic platform that contributes to formulating a road map for investment partnership mechanisms and achieving sustainable and comprehensive growth in global markets. The first day of the three-day forum …

Last April, the technology giant launched a new savings account available to those who hold an Apple Card credit card, in partnership with Goldman Sachs. The account enjoys an industry-standard interest rate of 4.15%, allows users to switch seamlessly between a savings account and a credit card while using their …

Dubai, May 6 / Emirates Airlines expressed its optimism for the upcoming summer season of this year, in terms of the strong recovery movement that exists with full occupancy rates on a large number of flights within its global network of destinations, with the addition of 5 new Airbus “380A” …

Abu Dhabi On May 5, the Abu Dhabi Securities Exchange witnessed today the execution of 3 large deals on the shares of the “Abu Dhabi Islamic Bank” company. According to Abu Dhabi market data, deals were executed on about 276.5 million shares, at a value of approximately 2.5 billion dirhams, …