Economic Indicators

A sharp rise in growth stocks for blue chips and technology stocks has led markets to rebound this year, and earnings reports in the coming weeks may help investors determine whether those gains are justified. In a survey conducted by the Bank of America Global Research, fund managers said that …

Cairo, April 22 / Dr. Mohamed Moait, the Egyptian Minister of Finance, confirmed that the Egyptian government will implement a package of financial, monetary and structural measures to deal with concerns related to the high external financing needs of the Egyptian economy, which prompted the “Standard & Poor’s” institution to …

Moscow, April 22 / The exchange rate of the Russian currency (the ruble) rose against the US dollar and the European euro in the Moscow Stock Exchange trading today. By 14.00 Moscow time, the ruble exchange rate against the dollar rose by 13 kopecks to 81.49, while the exchange rate …

Abu Dhabi, April 21: The assets of Islamic banks operating in the country increased to 620.9 billion dirhams at the end of last January, with a year-on-year growth of 5.6% or more, 31.2 billion dirhams, compared to about 589.7 billion dirhams in January 2022, according to the latest statistics of …

Abu Dhabi On April 20, the Abu Dhabi Stock Exchange and the Dubai Financial Market witnessed the implementation of 34 large transactions, with a value exceeding 237 million dirhams, during the holy month of Ramadan. According to the monitoring of the Emirates News Agency, WAM, based on market data, the …

The UAE stock indices recorded important breakthroughs during the holy month of Ramadan, with relatively good liquidity and remarkable activity by investment portfolios, and on the impact of the rise in shares that were stagnant over the past sessions. The Dubai market index rose during Ramadan by 2.3% at the …

Dubai Islamic Bank recorded a net profit of 1.5 billion dirhams in the first quarter, a growth of 12% compared to 1.34 billion dirhams, on the back of higher revenues. Net financing and sukuk investments grew by 1% since the beginning of the year, to reach 240 billion dirhams, and …

Ras Al Khaimah, April 18 / WAM / The Emirate of Ras Al Khaimah abounds with many options of shopping centers that vary between popular and international, which have strengthened its tourism and entertainment status, which has contributed to attracting many visitors and tourists from inside and outside the country …

The UAE’s holdings of US Treasury bonds decreased to $64.5 billion in February 2023, compared to $64.9 billion for January, a decrease of $400 million. Japan maintained its lead in the list of countries with the most US Treasury bonds with $1.081 trillion, China came second with $848.8 billion, then …

BEIJING, April 18 / Data released by China’s National Bureau of Statistics today showed that China’s gross domestic product grew by 4.5 percent year-on-year in the first quarter of 2023 with economic activities gaining momentum. Fu Lingwei, a spokesman for China’s National Bureau of Statistics, said the market outlook has …