– Results and achievements that establish its leading position globally in the field of government financial work. Muhammad Al-Husseini: The Ministry of Finance, since the establishment of the federation, has sought to be a leading model and global reference for best practices in government financial work. – The Ministry of …
Read More »Dubai’s economy is closer to the future, every day reaping records in various sectors
Dubai’s economy achieved record performance by all standards during the first half of 2023, and every day the emirate proves that it is able to compete with itself and outperform the day before, and this has been translated into real estate, stocks, licenses, business establishment and attracting visitors. During the …
Read More »With the testimony of international banks and institutions, the UAE economy is heading towards further growth and recovery during the second half
Abu Dhabi, July 2: The economy of the United Arab Emirates is poised for further growth, recovery and prosperity during the second half of this year, supported by a rich record of economic achievements, despite the geopolitical repercussions the global economy is currently experiencing. The expected growth of the national …
Read More »Central banks expect gold to issue reserves and the dollar to decline
The vast majority of central banks around the world now see gold as one of the more prominent reserve assets on the scene, indicating that the trend of de-dollarization will continue in the coming years. According to a survey by the World Gold Council, 62% of banks expect gold to …
Read More »International sites praise the emirate’s launch of qualitative technological initiatives. Dubai is an example for cities to follow in adopting artificial intelligence
Abu Dhabi, June 30 / The assets of Islamic banks operating in the country increased by more than 63 billion dirhams in 12 months, according to the latest statistics of the UAE Central Bank. The statistics showed that the assets of Islamic banks amounted to 647.3 billion dirhams at the …
Read More »A slight increase in fuel prices during July 2023
The UAE Fuel Price Follow-up Committee approved the new fuel prices during the month of July 2023, and approved a slight increase in the prices of “gasoline” and its derivatives “Super 98”, “Khosi 95”, and “I Plus 91”. Gasoline 98: Before: 2.95 dirhams After: 3.00 dirhams Gasoline 95: Before: 2.84 …
Read More »The tourism, aviation and retail sectors witness great momentum during the Eid Al-Adha holiday
Major economic sectors in the country are witnessing a strong recovery, momentum and great activity during the blessed Eid Al-Adha holiday, especially the tourism, travel, aviation and retail sectors, which are among the main sectors that support the growth of the national economy. The strong activity in these sectors contributes …
Read More »Dubai Refreshments sells Al Quoz land for 252 million dirhams to Al-Futtaim
Dubai Refreshments said that it had sold to Al-Futtaim Private LLC. The property you own in the first Al Quoz district in Dubai is worth 252 million dirhams. The property includes the site of the company’s old factory, warehouses and staff offices before moving to the current location in Dubai …
Read More »National banks finance “commercial and industrial” 40.6 billion dirhams within 12 months, acquiring 90% of the total and 10% for foreigners
The volume of credit financing granted by national banks to the trade and industry sectors in the country increased, on an annual basis, by 5.8%, or the equivalent of 40.6 billion dirhams, by the end of last April, according to the latest statistics of the UAE Central Bank. The statistics …
Read More »The Minister of Economy: 1.6 trillion dirhams of the UAE’s gross domestic product.. exceeded analysts’ expectations, with an increase in per capita income of 21.1% during 2022..
Abdullah Bin Touq: We have adopted flexible policies that are in line with global changes Hanan Ahli: Increasing the relative importance of non-oil activities Abdullah bin Touq Al Marri, Minister of Economy, confirmed that the preliminary estimates of the UAE’s gross domestic product for the year 2022, issued by the …
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