Finance & Business

Abu Dhabi, April 28: The local stock markets consolidated their gains during the current week’s trading, and their market capitalization amounted to more than 59 billion dirhams over the course of 5 sessions, with successive announcements of record profits for the first quarter of this year by listed banks. The …

Abu Dhabi, April 28: The assets / assets of 12 listed national banks increased to 3 trillion, 339 billion and 517 million dirhams by the end of the first quarter of this year, reflecting the strength of their financial solvency, benefiting from the recovery of the national economy, despite the …

Emirates NBD achieved its strongest quarterly profit ever, rising to a record high of 6 billion dirhams in the first quarter of 2023, up 119% year-on-year and 54% year-on-quarter, thanks to an improved loan and deposit mix, as well. Higher interest rates have a clear impact on improving margins. Unfunded …

– The Dubai market is rising to its highest level in 11 and a half months… and the Abu Dhabi market is achieving the largest daily gain since mid-March. From: Ramy Samih Abu Dhabi, April 27: The capitalization of local shares exceeded the barrier of 3.4 trillion dirhams at the …

Abu Dhabi, April 27 / The Annual Investment Forum 2023, which will be hosted by Abu Dhabi from May 8 to 10, sheds light on the global investment scene and the need to develop mechanisms to stimulate and stimulate investment and formulate innovative investment policies that contribute to facilitating the …

Capitals, April 27 / Gold prices rose during today’s trading, exceeding the barrier of $2,000 an ounce. And by 03:13 pm Emirates time, the yellow metal increased by 0.57 percent, or the equivalent of $ 11.39, to reach $ 2000.66 an ounce. And gold contracts for June 2023 delivery rose …

Abu Dhabi, April 26 / Abu Dhabi Islamic Bank announced a 54% growth in net profit in the first quarter of 2023 to reach 1.1 billion dirhams, compared to 715 million dirhams in the first quarter of 2022, indicating a steady trend of strong growth and profitability. The bank said, …

Abu Dhabi, April 26 / The National Bank of Ras Al-Khaimah recorded a net profit of 450.3 million dirhams during the first quarter of this year, an increase of 105% compared to the first quarter of last year, driven by strong and diversified growth on both sides of the balance …

Abu Dhabi, April 26 / The National Bank of Fujairah announced its results for the three-month period ending on March 31, 2023, recording a growth of 151.8% year-on-year, with a net profit of 152 million dirhams, compared to 60.4 million dirhams in the same period in 2022. The growth achieved …

Moscow, April 25 / The exchange rate of the US dollar fell against the Russian ruble in the Moscow Stock Exchange trading today. By 13:30 Moscow time, according to Moscow Stock Exchange data, the US dollar exchange rate decreased by 21 kopecks, to 81.27 rubles, and the exchange rate of …