Economic Indicators

Abu Dhabi, August 2, The Ministry of Economy, represented by the Anti-Money Laundering Department, participated in a workshop of the International Monetary Fund entitled “Risk-Based Control for Anti-Money Laundering and Combating the Financing of Terrorism for Companies and Institutions Operating in the Business Sectors and Designated Non-Financial Professions.” The workshop …

July 31 Oil prices are heading to record their biggest monthly gains in more than a year, Monday, on expectations that Saudi Arabia will extend voluntary production cuts until September and shrink global supplies. Oil prices hovered near a three-month high, with Brent crude futures rising 34 cents to $85.33 …

The Federal Tax Authority stressed the need to adhere to the accuracy of the value-added tax declaration on an emirate basis in relation to electronic commerce. The authority stated that the recent updates to the value-added tax legislation in the UAE, specifically with regard to the declaration of e-commerce supplies …

31 / Jul Mohammed Lootah: A strong commercial relationship with Serbia, and the Council is strengthening it 207 companies registered with the Chamber in various sectors Dubai The Dubai Chamber of Commerce announced the establishment of the Serbian Business Council, where it hosted the first annual general assembly meeting of …

The dollar is heading for a monthly loss, with the US Federal Reserve possibly ending the cycle of raising interest rates after increasing them by 25 basis points, last week. On Monday, the dollar index rose 0.22% in the latest transactions to 101.82 points, but it is heading for a …

31 / Jul Data from the Ukrainian Ministry of Agriculture showed, on Monday, that Ukrainian grain exports for the first month of the new season rose to 2.16 million metric tons on July 31, 2023, after it was 1.61 million in July 2022. The exports included 1.11 million tons of …

The Ministry of Economy decided to extend the ban on exporting scrap iron and paper waste until September 19, 2023. In its Decision No. 89 of 2023, regarding the extension of Ministerial Resolution No. 50 of 2023, with regard to temporarily stopping the export of scrap iron and paper waste, …

On July 29, the Ministry of Economy announced the temporary suspension of exporting and re-exporting rice outside the country for a period of 4 months, starting today, Friday, July 28, 2023, according to Ministerial Resolution No. (120) of 2023. The decision included banning the export and re-export of rice originating …

July 28th Food Holding Company announced that it has agreed to complete an investment of 36.7 million dirhams in the “Anina Culinary Arts Limited” company, which is a project specializing in the art of cooking and one of the types of business that enters the Middle East for the first …

Concentrated liquidity led the gains of the shares of 4 companies in the UAE markets in the middle of Thursday’s session, namely: “Taleem Holding” and “Emirates NBD” in the Dubai market, and the “Ras Al Khaimah Real Estate” and “VirtGlobe” companies in Abu Dhabi, to acquire a combined liquidity of …