Economic Indicators

Moody’s affirmed the long-term sovereign rating of the UAE in both domestic and foreign currencies at “Aa2” while giving it a stable outlook. The rating is based on Moody’s assessment that the level of debt of the federal government in the UAE will remain very low, supported by its continued …

London, March 21: European stock indices rose during the day’s trading, with the receding of investors’ fears about the global banking crisis after the collapse of the US “Silicon Valley” bank. And by 05:25 pm UAE time, the European Stoxx 600 index rose by 1.6 percent, or the equivalent of …

Dubai, March 21 / The Dubai Financial Market consolidated its gains at the end of the day’s trading, and its market capitalization gained approximately 4.9 billion dirhams, while the Abu Dhabi market closed stable. The market capital of listed shares rose from 3.266 trillion dirhams at the end of yesterday’s …

Dubai, March 21 / The Mohammed bin Rashid School of Government, in partnership with the Dubai Digital Authority and Microsoft, launched at the college’s headquarters a major report on “Enhancing the Impact of Artificial Intelligence in Dubai: Future Directions towards Promoting the Digital Economy”, which was based on field work …

Abu Dhabi, on March 21, the general assembly of Al Ain Al Ahlia Insurance Company approved the distribution of cash dividends to shareholders at 25% of the paid-up capital, equivalent to 2.5 dirhams per share, with a total of 37.5 million dirhams to shareholders, for the fiscal year ending on …

The Kuwait Oil Company announced, on Tuesday, in a statement that “the new Jurassic Production Stations 4 and 5 are expected to start operating in early 2024.” The company added, “The completion rate in the two stations has reached nearly 70 percent.” The company stated that “the production of each …

  Vehicle insurance prices have increased by between 10-20% since the beginning of this year 2023, driven by the increase in the population of the UAE and the need for many of them to own a new car in light of the local economic recovery, as well as the efforts …

Dubai, March 20 / The proceeds of the first public auction for the current year 2023 for the distinctive plate numbers of vehicles in Dubai amounted to (38) million and (210) thousand dirhams. Auction No. (112), organized by the Roads and Transport Authority in Dubai, took place at the Grand …

Abu Dhabi, March 20: The assets / assets / of national banks listed in the local financial markets increased on an annual basis by 32%, or the equivalent of 315 billion dirhams, during the past year 2022, in an indication of their strong financial solvency and ability to expand their …

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, directed the acceleration of steps to consolidate Dubai’s position as a global center for manufacturing and designing the future and applying the best models of digital work, during his presidency …