Economic Indicators

E& Telecom, the largest shareholder in Vodafone Group, said it is considering increasing its stake in it to ensure that it has an influential stake in the future of the British telecoms giant. And “E&” said, during a conference call with investors to announce its profits for the first quarter, …

Azizi announced its plans to invest up to 60 billion dirhams by launching 50 luxury hotels and resorts, as well as a seven-star hotel in Dubai. In doing so, the developer will add approximately 20,000 new rooms to Dubai’s hotel inventory over the next five years. Azizi Hotels & Resorts …

“Alpha Abu Dhabi” recorded strong growth in its net profit, which amounted to 7.3 billion dirhams in the first quarter of 2023, which represents an increase of 161%, thanks to the growth strategy that it developed and began to implement, and the conversion of Pure Health from a subsidiary to …

Abu Dhabi, May 4 / The Ministry of Economy launched a new questionnaire to assess the impact of the Comprehensive Economic Partnership Agreement between the UAE and India, in conjunction with the one-year anniversary of its entry into force. The survey aims to identify the views, comments and ideas of …

Aldar Properties achieved a net profit of 836 million dirhams during the first quarter of 2023, a growth of 22% compared to the same period in 2022. It also recorded record sales that touched 4.5 billion dirhams. The company’s revenues in the first quarter of 2023 amounted to about 3.1 …

Abu Dhabi, May 3 / The Abu Dhabi Securities Exchange witnessed today the execution of a large deal on the shares of the “ADNOC Gas” company. According to Abu Dhabi market data, the deal was executed on about 4.219 million shares, at a value of nearly 10 million dirhams, at …

Abu Dhabi, May 3, The Dubai Financial Market consolidated its gains for the second session in a row, and its market capitalization gained nearly 5.7 billion dirhams over two sessions, supported by continued optimism, with successive companies announcing strong quarterly profits for the first quarter of this year. The market …

The Board of Directors of Dubai Islamic Bank approved the proposal to partially acquire 25% of a new digital banking group in Turkey. The bank confirmed in a disclosure to the Dubai Financial Market that this acquisition is subject to obtaining all necessary approvals from the relevant regulatory authorities. The …

Business conditions in UAE non-oil private sector firms improved at a sharp and accelerating rate in April 2023, according to the latest PMI data, driven by the fastest growth in new business since November 2021. Firms responded by sharply increasing production and increasing their inventories and stock levels. have employment. …

Enhanced liquidity raised the Dubai market index 1.06% at the level of 3575.56 points, on Tuesday, with the recovery of shares in banks, real estate and utilities, while the Abu Dhabi market fell 0.36% to the level of 9669.13 points, under pressure from the leading stocks. A liquidity of 638.7 …