Finance & Business

Abu Dhabi, April 6, The Central Bank of the United Arab Emirates introduces the new 1,000 dirham banknote, made of polymer material, for trading in the markets, and it will be available in banks and exchange shops, as of Monday, April 10, 2023. In designing this category, the Central Bank …

Abu Dhabi, April 5: The market capitalization of the local stock markets at the end of today’s session amounted to about 3.3 trillion dirhams. The market capital was distributed by 2.702 trillion dirhams for the shares listed on the Abu Dhabi Stock Exchange and 599.2 billion dirhams for the shares …

Emirates NBD announced the successful pricing of the $1 billion unsecured senior sustainable sukuk of Al Rajhi Bank, the world’s largest Islamic bank by assets and market value. The five-year Sukuk, which was priced at a repurchase yield of 4.774%, was very popular; It attracted orders exceeding $3.75 billion. The …

The General Administration of Abu Dhabi Customs recorded a growth in pre-arrival customs clearance procedures during the first quarter of 2023, as it reached 33% of the total customs clearance procedures transactions at the various customs outlets at the emirate level, compared to 23% in the same period in 2022. …

Cairo, April 4 / The total revenues of the Enppi Petroleum Company amounted to about 17.3 billion pounds during the year 2022, an increase from the year before last, by 53%, as the revenues were about 11.3 billion pounds. Engineer Tarek El-Molla, Egyptian Minister of Petroleum and Mineral Resources, stressed …

Participants in the 48th meeting of the Joint Ministerial Committee to Monitor Production of Member States of the Organization of the Petroleum Exporting Countries and outside it «OPEC +», which was held, Monday, via video conference, confirmed that the voluntary oil production reduction of 9 countries by 1.66 million barrels …

Oil prices jumped, Monday, after Saudi Arabia and other OPEC + producers announced a surprise round of production cuts. Brent crude futures jumped $4.30 to $84.19 a barrel, due to the news that it will be reduced by about 1.16 million barrels per day, while US crude rose $4.17 to …

The shares of 20 companies listed on the Abu Dhabi and Dubai Financial Markets recorded strong jumps in the first quarter of this year, reaching a peak of 66.9% for «Gulf Navigation», and were distributed in more than one sector, including finance, energy, real estate, industry and utilities, and collectively …

Cairo, April 2: The Egyptian Stock Exchange indices recorded collective gains at the close of trading on Sunday, supported by buying operations by local institutions and investment funds, while the transactions of foreign and Arab institutions tended towards selling. The market capitalization of the shares of companies listed on the …

Ahmed Al-Kilani, member of the Board of Directors and Managing Director of the Gulf Navigation Holding Group, said that the company plans to expand and increase the fleet of petrochemical tankers and enhance its capacity in the field of owning and managing this type of ships. He explained in a …