Economic Indicators

– The Dubai market is rising to its highest level in 11 and a half months… and the Abu Dhabi market is achieving the largest daily gain since mid-March. From: Ramy Samih Abu Dhabi, April 27: The capitalization of local shares exceeded the barrier of 3.4 trillion dirhams at the …

Abu Dhabi, April 27 / The Annual Investment Forum 2023, which will be hosted by Abu Dhabi from May 8 to 10, sheds light on the global investment scene and the need to develop mechanisms to stimulate and stimulate investment and formulate innovative investment policies that contribute to facilitating the …

Abu Dhabi, April 26 / Abu Dhabi Islamic Bank announced a 54% growth in net profit in the first quarter of 2023 to reach 1.1 billion dirhams, compared to 715 million dirhams in the first quarter of 2022, indicating a steady trend of strong growth and profitability. The bank said, …

Abu Dhabi, April 26 / The National Bank of Ras Al-Khaimah recorded a net profit of 450.3 million dirhams during the first quarter of this year, an increase of 105% compared to the first quarter of last year, driven by strong and diversified growth on both sides of the balance …

Abu Dhabi, April 26 / The National Bank of Fujairah announced its results for the three-month period ending on March 31, 2023, recording a growth of 151.8% year-on-year, with a net profit of 152 million dirhams, compared to 60.4 million dirhams in the same period in 2022. The growth achieved …

The assets (assets) of the five banks increased from 872.89 billion dirhams at the end of last year 2022, to 882.25 billion dirhams at the end of the first quarter of this year, an increase equivalent to 9.36 billion dirhams, or 1.1%. Abu Dhabi Commercial Abu Dhabi Commercial Bank acquired …

Abu Dhabi, April 25 / The Department of Economic Development – Abu Dhabi, which leads the economic growth efforts in the emirate, and Wio Bank PJSC, the first integrated financial platform of its kind in the region, announced today their cooperation to bring about a quantum leap in the way …

Abu Dhabi, April 24 / Local stock markets consolidated their gains at the end of today’s session, and their market capitalization gained nearly 11.2 billion dirhams, with the resumption of trading after the end of the blessed Eid Al-Fitr holiday. The market capital of listed shares rose from 3.364 trillion …

Beijing 03 Shawwal 1444 AH corresponding to April 23, 2023 China’s industrial capacity utilization rate reached 74.3 percent in the first quarter of 2023, down 1.5 percentage points from the same period of the previous year. Data from the National Statistics Authority of China – according to the Chinese agency …

The United Arab Emirates witnessed a strong economic performance in 2022, driven by an increase in oil production and an improvement in the non-oil sectors, as the non-oil GDP continued to recover last year, by about 4.7%, driven by strong growth in the construction and tourism sectors, according to the …