Finance & Business

The gap between deposits and credit in the banking system in the UAE doubled within a year, with deposits exceeding credit by 345.4 billion dirhams at the end of February 2023, compared to 178.1 billion dirhams at the end of February 2022. The surplus of deposits over credit doubled, despite …

Abu Dhabi, May 17: The local stock markets consolidated their gains at the end of the day’s trading, and their market capitalization amounted to approximately 17.4 billion dirhams, supported by the gains of the leading stocks in the financial, real estate and industrial sectors. During today’s trading, the Dubai Financial …

The World Travel and Tourism Council (WTTC) revealed the growth of the contribution of the travel and tourism sector to the UAE economy during 2022 by 60.2%, to reach approximately 167 billion dirhams, restoring 90.9% of pre-pandemic levels, and the contribution is expected to rise to 180.6 billion dirhams. By …

Abu Dhabi, May 17 / The Ministry of Industry and Advanced Technology, Tawazun Council, and Emirates Global Aluminum Company confirmed that the second session of the “Make in the UAE Forum” and the accompanying exhibition will witness the announcement of many unique opportunities and capabilities for entrepreneurship in the industrial …

For the first time in the Middle East. – The meeting is the largest of its kind in the world to discuss ways to preserve intellectual property rights and protect trademarks. The event attracts more than 8,000 government officials, lawyers, brand owners and academics. – Dr. Abdul Quddous Al-Obaidly: “Dubai’s …

Abu Dhabi, May 16: The balance sheet of the UAE Central Bank exceeded 560 billion dirhams at the end of last January, to record the highest level in its history, according to the latest statistics of the Central Bank. And the Central Bank stated, in the balance sheet report for …

The subscription to the “ADNOC Logistics and Services” offering attracted strong orders within the first hours, exceeding the supply several times, which indicates the continued strong demand for listings in the UAE. On the basis of the offering price between 1.99 dirhams and 2.01 dirhams per share, the return on …

UAE Central Bank data revealed an increase in total bank deposits by 0.4%, from 2.233 trillion dirhams at the end of January 2023 to 2.242 trillion dirhams at the end of February 2023. The increase in total bank deposits is attributed to the increase in resident deposits by 0.2%, and …

ABU DHABI, May 15 / Today, the Abu Dhabi Ports Group announced its financial and operating results for the first quarter of 2023, maintaining the momentum of its strong performance during 2022. The group achieved revenue growth of 73% compared to the same period last year, to reach 1.81 billion …

Riyadh, May 15 / His Excellency Abdullah bin Touq Al-Marri, Minister of Economy, headed the country’s delegation participating in the meeting of the regular session of the Arab Economic and Social Council, which was held today, at the ministerial level in Riyadh, which is the preparatory meeting for the 32nd …