Economic Indicators

Participants in the 48th meeting of the Joint Ministerial Committee to Monitor Production of Member States of the Organization of the Petroleum Exporting Countries and outside it «OPEC +», which was held, Monday, via video conference, confirmed that the voluntary oil production reduction of 9 countries by 1.66 million barrels …

Oil prices jumped, Monday, after Saudi Arabia and other OPEC + producers announced a surprise round of production cuts. Brent crude futures jumped $4.30 to $84.19 a barrel, due to the news that it will be reduced by about 1.16 million barrels per day, while US crude rose $4.17 to …

The shares of 20 companies listed on the Abu Dhabi and Dubai Financial Markets recorded strong jumps in the first quarter of this year, reaching a peak of 66.9% for «Gulf Navigation», and were distributed in more than one sector, including finance, energy, real estate, industry and utilities, and collectively …

Cairo, April 2: The Egyptian Stock Exchange indices recorded collective gains at the close of trading on Sunday, supported by buying operations by local institutions and investment funds, while the transactions of foreign and Arab institutions tended towards selling. The market capitalization of the shares of companies listed on the …

Ahmed Al-Kilani, member of the Board of Directors and Managing Director of the Gulf Navigation Holding Group, said that the company plans to expand and increase the fleet of petrochemical tankers and enhance its capacity in the field of owning and managing this type of ships. He explained in a …

Hitachi Energy and Petrofac announced that they have been selected by TenneT, the Dutch-German transmission system operator, to supply several offshore and onshore high-voltage DC converter substations along with their associated power infrastructure in order to accelerate the transmission process. Integrating large quantities of renewable energies into European electricity networks. …

Gulf stocks were subjected to varying pressures during the period from the beginning of the year until the end of the first quarter, while the indices recorded varying performance between ups and downs. Among the pressures is the global uncertainty, which coincided with the decline in oil prices for the …

Global stock indices achieved strong gains in the first quarter, despite the fluctuations in indices and the consequences of raising interest rates. However, the banking crisis in America and Europe shifted investors’ attention again to technology stocks to lead the helm, after they fell to attractive prices under the blows …

Capitals on the 1st of April / Global stocks consolidated their gains during last March’s trading, despite the repercussions of the banking sector crisis and the continued pace of raising interest rates to control high inflation rates. Moz Afzal, Head of Global Investments at EFG International Bank, told Emirates News …

Shares of ADNOC Gas and Presite gained more than 59.3 billion dirhams since their listing on the Abu Dhabi Stock Exchange until the end of last March. The two listings succeeded in enhancing the market capital of the Abu Dhabi Securities Exchange by more than 189.4 billion dirhams, distributed by …