Finance & Business

Cairo, May 27 / Chevron International announced its intention to inject large investments in Egypt, whether in the field of research and exploration or in the field of manufacturing oils and ship fuels. This came during the reception of Eng. Tariq Al-Mulla, the Egyptian Minister of Petroleum and Mineral Resources, …

UAE stocks succeeded in compensating part of their losses at the end of the week’s session, in light of the price temptations that raised the Abu Dhabi market index by 0.5% at the level of 9453 points, and the Dubai market index by 0.4% to 3541.4 points. And “Al-Alamiya Holding” …

The average number of employees registered in the Wage Protection System at the UAE level increased to 5.2 million in 2022 from 4.2 million in 2021, an increase of one million people. According to Central Bank data, the total number of salaries increased from 46.4 to 55.5 million. There was …

The star of the dollar has begun to decline recently, in light of events the world is facing, including competition from China, the repercussions of the Russian-Ukrainian war, and the controversy once again in Washington over the US debt ceiling. Another aspect is the sanctions imposed by the global financial …

ADNOC announced the completion of the price building process and the initial public offering of ADNOC Supply and Services plc, and achieved the offering of a minority stake representing 19% of the company’s issued shares, after increasing it from 15% to meet the large demand from investors, at a final …

Egyptian Minister of Supply Ali Al-Moselhi said, Thursday, in a press conference: “Egypt’s strategic reserve of wheat is sufficient for consumption of 5.9 months.” He added, “The country’s reserves of vegetable oils are sufficient for five months.” Kamal Hashem, head of the Egyptian General Company for Silos and Storage, said …

Abu Dhabi, May 25 / The Emirates Central Bank confirmed that the operational capacity of the payment system in the country continued to maintain its safety and strength during the past year 2022, including the check clearing service using its images, the Emirates System for Money Transfers, the Emirates Direct …

Capitals on May 25 / Gold prices rose in transactions during the day’s trading, and gained about $2.3 in spot transactions, while contracts fell by more than $4.5. And by 12:03 pm Emirates time, the yellow metal rose by 0.12%, or the equivalent of $ 2.33, to reach $ 1959.79 …

Abu Dhabi, May 24: The assets of Islamic banks operating in the country increased to 631.7 billion dirhams at the end of last February, with an annual growth rate of 6.5%, or the equivalent of 38.6 billion dirhams, compared to about 593.1 billion dirhams in February 2022, according to the …

The Al Habtoor Group announced the appointment of China Railway 18th Bureau Group Ltd. as the main contractor for its new pioneering project, the Al Habtoor Tower in Al Habtoor City in the heart of Dubai, with a total investment value of 3.7 billion dirhams. Khalaf bin Ahmed Al Habtoor, …