The Central Bank of the Emirates issued the Financial Stability Report for the year 2022 for the UAE, including its comprehensive assessment of the stability of the financial system. The report emphasized that the financial system remained resilient and stable throughout the year despite the challenges the world faced, and …
Read More »The Minister of Economy is discussing with four Korean ministers and officials the promotion of bilateral cooperation in the sectors of the new economy
Seoul, July 10 / His Excellency Abdullah bin Touq Al Marri, Minister of Economy, confirmed that the United Arab Emirates and the friendly Republic of Korea have developed and distinguished economic and trade relations, within the framework of the support and forward-looking vision of the leaderships of the two countries …
Read More »Abu Dhabi Global Market issues regulations for hotels and tourism
The Abu Dhabi Global Market issued regulations for hotels and tourism for the year 2023, which adopt the tourism legislation for the Emirate of Abu Dhabi, and include regulations and provisions related to hotels and tourism sectors, which are supervised by the Department of Culture and Tourism in Abu Dhabi, …
Read More »323 billion dirhams, the dividends of UAE companies in 9 years, the most generous banks with 140 billion dirhams since 2015
The value of cash dividends and bonus shares approved by shareholders in the general assemblies in the UAE stock markets during the past nine years amounted to about 323 billion dirhams, according to the Gulf survey on dividends. The survey indicated that the total cash distributions approved by the listed …
Read More »64 billion dollars in remittances from expatriates to 10 Arab countries in 2022, the World Bank expects them to grow by 1.7% in 2023
The World Bank revealed in the latest issue of its “Summary of Migration and Development” report that the total flows of remittances of Arab expatriates to their countries amounted to about $64 billion in 2022, declining by 0.03%, or $2 billion, compared to $66.14 billion for 2021. The report indicated …
Read More »It completed 814 million digital transactions, amounting to 3.5 billion dirhams, the volume of digital channel revenues for (Dubai Roads) in 2022.
His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Directors of the Roads and Transport Authority, confirmed that the statistics and achievements of the digital channels in the authority witnessed a significant growth in 2022, compared to 2021, whether in the number of transactions and users …
Read More »Two Turkish officials go to Qatar to discuss economic cooperation before Erdogan’s visit
Ankara announced that the vice president and finance minister will travel to Qatar on Saturday to discuss “opportunities for economic cooperation” with the leaders there, ahead of President Recep Tayyip Erdogan’s planned visit to the Persian Gulf region from July 17 to 19. The government said: Vice President Cevdet Yilmaz …
Read More »“Real estate” and “banks” lead stock gains in the first weeks of July, 287 million dirhams, the proceeds of foreign purchases
The UAE stock market indices closed higher during the sessions of the past week (the first weeks of July), supported by the buying appetite led by foreign investors on stocks in the real estate and banking sectors mainly, in addition to stocks with lower weights in the indices. Image The …
Read More »The Swiss “Fortimo” strengthens its presence in Dubai
The real estate development company “Fortimo” is preparing to expand its presence in Dubai, and it is a prominent Swiss company in the field of building, owning and operating distinguished properties in the field of hospitality and housing. Fortimo’s first foray into the competitive real estate market in Dubai was …
Read More »5.7% growth in Ajman’s GDP in 2022
Ajman: The Ajman Statistics Center announced that “the gross domestic product of the Emirate of Ajman grew by 5.7% for the year 2022, compared to 2021; This is according to the results of the annual GDP report prepared by the Center, which reflects the rapid and steady development and growth …
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