Finance & Business

Abu Dhabi, April 17: The “Seven Pride” ship, the first ship to transport containers within the new weekly shipping service recently launched by the Abu Dhabi Ports Group, docked today in Shuwaikh Port in Kuwait to enhance trade and logistical linkages and facilitate trade with the sisterly State of Kuwait. …

Ahmed Mahboob Musabih, Director General of Dubai Customs and CEO of the Ports, Customs and Free Zone Corporation, said that the department recorded 7 million commercial transactions during the first quarter of 2023, indicating that smart services and projects support Dubai’s journey to be one of the fastest growing cities …

Shopping and retail centers in Dubai have prepared to receive visitors before Eid Al-Fitr from inside and outside the country, especially families wishing to shop, eat or entertain by offering large packages of discounts and entertainment events. Shopping centers in Dubai represent an integrated and major destination for residents and …

Morgan Stanley has recommended Emaar Properties when it is “overweight”, which means that the stock will outperform the benchmark or its current price. He recommended “Emaar Development” shares at “equal weight” (hold), which indicates that the stock’s performance is in line with future expectations. Morgan Stanley also rated Aldar Properties …

Abu Dhabi, April 14: The local stock markets consolidated their gains, and their market capitalization amounted to more than 39.4 billion dirhams during last week’s trading, supported by the improvement in investor sentiment with the companies announcing their quarterly results for the first quarter of this year. The market capital …

Oxfam called on the International Monetary Fund to “allow countries more flexibility on inflation and deficit targets and move the negotiations into the public discourse, fully supporting them with open data.” She also called for “setting targets for social spending in place of minimums that can be increased rapidly through …

Emirates stocks ended the last sessions of the week in the gains category in a session during which the Dubai Financial Market index penetrated the level of 3500 points for the first time in a year, before settling at the level of 3491.93 points, after rising 0.13%, while the Abu …

Abu Dhabi, April 14: The volume of credit financing granted by national banks to the trade and industry sectors in the country increased, on an annual basis, by 5.2%, or the equivalent of 35.3 billion dirhams, at the end of last January, according to the latest statistics of the UAE …

Savings deposits in the country’s banking sector – excluding interbank deposits – rose to 245.53 billion dirhams at the end of January, an annual increase of about 2.23 billion dirhams, or 0.92%. Central statistics showed that savings deposits in banks witnessed a remarkable growth over the past years, increasing from …

US gold futures prices jumped more than 1%, surpassing for the first time the level of $2063 an ounce, supported by bets of a slow or suspended interest rate hike, as well as his expectations of a recession this year. In spot transactions, gold rose 1.4% to $2,042.49 an ounce, …