Finance & Business

The dollar fell and the euro and sterling recorded their highest level in one year each against the US currency, Thursday, after the producer price index fell last month, which reinforced expectations that the US Federal Reserve is close to ending its monetary tightening policy. Wholesale prices fell 0.5 percent …

Abu Dhabi, April 13 / Savings deposits in the banking sector in the country – excluding interbank deposits – increased to 245.537 billion dirhams at the end of last January, an annual increase of about 2.23 billion dirhams, or 0.92%, compared to about 243.31 billion dirhams in January 2022, according …

Moscow, April 13, Russia’s international reserves of gold and foreign exchange increased by 1.2% to reach $600.8 billion. According to data from the Russian Central Bank, Russia’s international reserves – which include gold and foreign exchange – increased for the period from March 31 to April 7, with an increase …

Trading revealed a significant increase in food and beverage purchases among commercial buyers in the UAE during the holy month of Ramadan. Tradeling, the simplified and easy-to-use digital platform for wholesale buyers, traders, trading companies and retail establishments, has collected many useful data about the most requested goods and the …

Abu Dhabi, April 12: The local stock markets consolidated their gains for the third consecutive session, and their market capitalization gained nearly 12 billion dirhams at the end of today’s session, with the Dubai market rising to its highest level in 7 months. The market capital of listed shares rose …

Sharjah, April 12 / The Sharjah Department of Agriculture and Livestock will inaugurate, the day after tomorrow (Friday), the strategic national wheat product, “Seven Sanabel” in its final form, after going through multiple stages that lasted more than a year, personally supervised by His Highness Sheikh Dr. Sultan bin Muhammad …

Cash deposits in the UAE increased to 645.2 billion dirhams last January, an increase of 5.6%, or 34.1 billion dirhams, on an annual basis, compared to 611.1 billion dirhams in January 2022. According to the statistics of cash aggregates of the Central Bank, cash deposits increased by 1.53%, or 9.7 …

In support of the objectives of the Dubai Economic Agenda D33.. – Dubai Municipality launches an electronic platform for investment opportunities, with a value exceeding 575 million dirhams. The platform reflects Dubai’s international position as a city that attracts investment and is rich in opportunities for all. – The electronic …

On Monday, e& announced that it had signed a binding agreement with Uber, on the basis of which e& will acquire a majority stake (50.03%) in the Careem Super App, while Careem’s business will remain. The taxi services are wholly owned by Uber and are available with all other services …

Washington, April 10 / David Malpass, President of the World Bank, confirmed that the bank raised its forecast for global economic growth to 2 percent in 2023 from its previous forecast of 1.7 percent. Malpass’s remarks came during a joint event with Kristalina Georgieva, Managing Director of the International Monetary …