Economic Indicators

Abdullah bin Touq Al-Marri, Minister of Economy, met with Fatima bint Jaafar Al-Serafi, Bahraini Minister of Tourism, to discuss strengthening cooperation in joint tourism fields and activities during the next stage, and mechanisms to support sustainable tourism development on the sidelines of the Travel Market Exhibition. The number of Bahraini …

The data of the stock markets in the UAE revealed strong institutional activity from the beginning of this year, until the last sessions of last April (4 months), with a net investment of 4.358 billion dirhams, the proceeds of purchases, of which 4 billion dirhams were the proceeds of purchases …

Abu Dhabi, April 30 / Investment institutions increased their purchases of local stocks during the first four months of this year, in light of the availability of wider investment opportunities and options for investors and portfolios to participate in the strong growth of the national economy, in addition to the …

The Arab Monetary Fund revealed that the past year witnessed the completion of all steps related to the framework for operating and managing the “Bunna” platform for Arab payments, and the formation of a supervisory committee for the institution from the central banks of eligible currencies, and the institution’s board …

Dubai, April 28 / The shareholders of Dubai Investments Company, during the 27th Annual General Assembly meeting that was held yesterday, approved the distribution of cash dividends of 12.5% to shareholders, for the fiscal year ending on December 31, 2022. The shareholders also approved the recommendations issued by the Board …

Dubai Economy and Tourism, during its participation in this year’s edition of the exhibition, which focuses on responsible tourism during the Year of Sustainability in the Emirates, and in line with its slogan “Working towards achieving net zero emissions”, reviews the tourism potential and offers offered by various destinations and …

UAE stocks recorded strong increases in April, with the Dubai market index rising 4% to the level of 3544.79 points (at the highest level in a year since May 10, 2022), while the Abu Dhabi market index rose 3.8% to the level of 9789.17 points (at the highest level). level …

Abu Dhabi, April 28: The local stock markets consolidated their gains during the current week’s trading, and their market capitalization amounted to more than 59 billion dirhams over the course of 5 sessions, with successive announcements of record profits for the first quarter of this year by listed banks. The …

Abu Dhabi, April 28: The assets / assets of 12 listed national banks increased to 3 trillion, 339 billion and 517 million dirhams by the end of the first quarter of this year, reflecting the strength of their financial solvency, benefiting from the recovery of the national economy, despite the …

Emirates NBD achieved its strongest quarterly profit ever, rising to a record high of 6 billion dirhams in the first quarter of 2023, up 119% year-on-year and 54% year-on-quarter, thanks to an improved loan and deposit mix, as well. Higher interest rates have a clear impact on improving margins. Unfunded …