Finance & Business

Abu Dhabi, May 19 / First Abu Dhabi Bank highlighted the great potential of the UAE, which makes it a major investment gateway for Chinese companies, during the Chinese and Arab Entrepreneurs Summit that the bank hosted today at the Conrad Abu Dhabi Etihad Towers Hotel, with the participation of …

Oil changed its trend to decline at the end of trading, Friday, after negotiations to raise the public debt ceiling between Republican members of the US House of Representatives and the administration of President Joe Biden temporarily stopped, which threatens the government’s failure to pay its obligations, which will reduce …

Mubadala Investment Company “Mubadala” announced; The Sovereign Investment Company in Abu Dhabi, announced the group’s financial results for the year 2022. Despite the many economic challenges witnessed in 2022, which greatly affected financial markets and investor orientations, Mubadala achieved levels of performance that exceeded global indicators, thanks to the effective …

Abu Dhabi, May 19: The market capitalization of the Arab stock exchanges increased by about 2.8 percent, or the equivalent of $122 billion, during the past week’s trading. According to the weekly bulletin of the Arab Monetary Fund, the market capitalization of Arab stock exchanges increased from $4.338 trillion to …

Gold prices rose on Friday, as the dollar fell, but increasing optimism about reaching an agreement on the US government debt ceiling put prices on a weekly decline track. And gold increased in spot transactions by 0.3% to 1964.09 dollars an ounce, after it fell to its lowest level since …

Abu Dhabi, May 19 / Savings deposits in the banking sector in the country – excluding interbank deposits – reached 245.01 billion dirhams at the end of last February, according to the latest statistics of the UAE Central Bank. Central Bank statistics showed that savings deposits in banks witnessed a …

Muscat, Shawwal 28, 1444 AH, corresponding to May 18, 2023 AD The Muscat Stock Exchange index “30” closed today at 4,696.61 points, up by 1.5 points, or 0.03 percent, compared to the last trading session, which amounted to 4,695.16 points. The trading value amounted to one million 790 thousand and …

Islamabad 28 Shawwal 1444 AH corresponding to May 18, 2023 AD Pakistan and Iran decided to finalize the free trade agreement for its speedy implementation, in order to benefit from the huge potential in the fields of trade and investment. Pakistani Prime Minister Shahbaz Sharif said that the implementation of …

Abu Dhabi, May 18 / The Central Bank of the Emirates revealed that cash deposits increased to 654.6 billion dirhams last February, an increase on an annual basis of 6.7%, or the equivalent of 41.2 billion dirhams, compared to 613.4 billion dirhams in February 2022. And the Central Bank stated, …

Abu Dhabi, May 18 / The Department of Economic Development and Abu Dhabi Islamic Bank announced today the signing of a joint cooperation agreement to provide services for opening bank accounts for investors and owners of economic licenses issued by the Department, which contributes to facilitating business in the Emirate …