Finance & Business

Hitachi Energy and Petrofac announced that they have been selected by TenneT, the Dutch-German transmission system operator, to supply several offshore and onshore high-voltage DC converter substations along with their associated power infrastructure in order to accelerate the transmission process. Integrating large quantities of renewable energies into European electricity networks. …

Gulf stocks were subjected to varying pressures during the period from the beginning of the year until the end of the first quarter, while the indices recorded varying performance between ups and downs. Among the pressures is the global uncertainty, which coincided with the decline in oil prices for the …

Global stock indices achieved strong gains in the first quarter, despite the fluctuations in indices and the consequences of raising interest rates. However, the banking crisis in America and Europe shifted investors’ attention again to technology stocks to lead the helm, after they fell to attractive prices under the blows …

Capitals on the 1st of April / Global stocks consolidated their gains during last March’s trading, despite the repercussions of the banking sector crisis and the continued pace of raising interest rates to control high inflation rates. Moz Afzal, Head of Global Investments at EFG International Bank, told Emirates News …

Shares of ADNOC Gas and Presite gained more than 59.3 billion dirhams since their listing on the Abu Dhabi Stock Exchange until the end of last March. The two listings succeeded in enhancing the market capital of the Abu Dhabi Securities Exchange by more than 189.4 billion dirhams, distributed by …

The Ordinary General Assembly of the shareholders of the Arab Bank held its meeting by means of video communication, chaired by Sabih Al-Masry, Chairman of the Board of Directors, and in the presence of the members of the Board of Directors, the Executive General Manager, and shareholders holding “Asala, Deputation …

The dollar rose against the euro on Friday, but incurred a fifth consecutive week of loss against the European currency, after the decline in consumer spending growth in the United States raised hopes that the US Federal Reserve will slow the pace of raising interest rates. US consumer spending rose …

Abu Dhabi, April 1: The local stock markets added about 111 billion dirhams to their market capital during the first quarter of this year, supported by the gains of some leading stocks, in addition to the new listings in the Abu Dhabi market. The market value of shares increased from …

Cairo, March 31 / Dr. Hala El-Said, Minister of Planning and Economic Development of Egypt, said that the economic and social development plan for the fiscal year 2023/2024 in Egypt aims primarily to invest in people and achieve human development, which is the main engine for economic and social growth, …

Abu Dhabi, March 30: The local stock markets consolidated their market gains for the third consecutive session at the end of today’s session, and their market capitalization gained more than 27 billion dirhams, amid a state of optimism that dominated investor sentiment. The market capital of listed shares rose from …