Finance & Business

Abu Dhabi, April 21: The assets of Islamic banks operating in the country increased to 620.9 billion dirhams at the end of last January, with a year-on-year growth of 5.6% or more, 31.2 billion dirhams, compared to about 589.7 billion dirhams in January 2022, according to the latest statistics of …

Abu Dhabi On April 20, the Abu Dhabi Stock Exchange and the Dubai Financial Market witnessed the implementation of 34 large transactions, with a value exceeding 237 million dirhams, during the holy month of Ramadan. According to the monitoring of the Emirates News Agency, WAM, based on market data, the …

Beijing, April 20: The performance of Chinese stock indices varied at the close of today’s session. The Hang Seng index rose by 0.14 percent, equivalent to 29.3 points, to reach the level of 20,396.97 points. On the other hand, the “SSI” Composite Index on the Shanghai Stock Exchange decreased by …

The UAE stock indices recorded important breakthroughs during the holy month of Ramadan, with relatively good liquidity and remarkable activity by investment portfolios, and on the impact of the rise in shares that were stagnant over the past sessions. The Dubai market index rose during Ramadan by 2.3% at the …

Dubai Islamic Bank recorded a net profit of 1.5 billion dirhams in the first quarter, a growth of 12% compared to 1.34 billion dirhams, on the back of higher revenues. Net financing and sukuk investments grew by 1% since the beginning of the year, to reach 240 billion dirhams, and …

Ras Al Khaimah, April 18 / WAM / The Emirate of Ras Al Khaimah abounds with many options of shopping centers that vary between popular and international, which have strengthened its tourism and entertainment status, which has contributed to attracting many visitors and tourists from inside and outside the country …

The UAE’s holdings of US Treasury bonds decreased to $64.5 billion in February 2023, compared to $64.9 billion for January, a decrease of $400 million. Japan maintained its lead in the list of countries with the most US Treasury bonds with $1.081 trillion, China came second with $848.8 billion, then …

BEIJING, April 18 / Data released by China’s National Bureau of Statistics today showed that China’s gross domestic product grew by 4.5 percent year-on-year in the first quarter of 2023 with economic activities gaining momentum. Fu Lingwei, a spokesman for China’s National Bureau of Statistics, said the market outlook has …

The total capital and reserves of banks operating in the UAE increased on an annual basis by about 34.3 billion dirhams, or 8.5%, to reach 438.6 billion dirhams at the end of last January, compared to about 404.3 billion dirhams at the end of January 2022. The Central Bank of …

The integrated reports and invitations to the meetings of the general assemblies of 81 joint-stock companies listed on the Dubai and Abu Dhabi markets revealed that the members of the boards of directors of these companies were rewarded with about 666 million dirhams for the fiscal year 2022, in exchange …