Finance & Business

Amman 21 Dhu al-Qi`dah 1444 AH corresponding to June 10, 2023 AD Jordan and Egypt signed today a cooperation agreement to exploit the gas infrastructure in the two countries, according to which the Egyptian side will use the floating storage and gasification unit in Aqaba during the remaining period of …

Pakistan’s finance minister said, on Saturday, that the expectation of economic growth of 3.5 percent in the government’s budget for the fiscal year ending in June 2024 is a “realistic goal.” Minister Muhammad Ishaq Dar said at a press conference in Islamabad, a day after the budget for the 2023-2024 …

The Banking and Monetary Statistics Bulletin issued by the UAE Central Bank revealed that residents in the country borrowed about 6.91 billion dirhams during the first quarter of 2023 for the purpose of consumption, according to bank credit data for UAE residents by economic activity. Personal loans for consumer purposes …

Phnom Penh – Cambodia His Excellency Dr. Thani bin Ahmed Al-Zeyoudi, Minister of State for Foreign Trade, concluded an official visit to the Kingdom of Cambodia at the head of a high-level Emirati delegation, in an effort to consolidate trade and investment relations between the two friendly countries, increase trade …

Abu Dhabi, June 9: The local stock markets consolidated their gains at the close of trading today, and their market capitalization amounted to more than 11.8 billion dirhams, supported by the gains of the leading stocks in the financial, industrial and utilities sectors. The market capital of listed shares rose …

Non-oil private sector companies in Dubai recorded further improvement in operating conditions in May 2023, and growth maintained its strength despite a slight decline compared to April. Production and employment increased by stronger degrees, while demand momentum eased and supply chain pressures eased further. At the same time, companies showed …

The value of transfers carried out in the banking sector via the Emirates Remittances System jumped, recording record levels, as it increased by 66%, to reach 4.8 trillion dirhams during the first quarter of 2023, compared to 2.88 trillion dirhams during the corresponding period of 2022, according to Central Bank …

The engineering, procurement and construction contract is the first to be obtained by ADNOC Logistics and Services after expanding its logistics services and listing it on the Abu Dhabi Stock Exchange in a public offering that witnessed exceptional demand. The contract supports ADNOC Logistics and Services’ growth and expansion strategy …

June 8/ Gold prices rose during today’s trading, and gained about $7 in spot transactions, with the decline of the US dollar. And by 09:20 am Emirates time, the yellow metal increased by 0.37 percent, or the equivalent of $ 7, to reach $ 1946.74 an ounce. Gold contracts for …

Hotel establishments in Dubai achieved strong growth in available room revenue during the first four months of this year compared to pre-pandemic levels by 42%, to reach 6.73 billion dirhams, compared to 4.7 billion dirhams in the corresponding period of 2019. The data showed that the revenues of hotel establishments …