Finance & Business

Al-Ansari Financial Services Group announced, on Monday, that it had set the final offering price at 1.03 dirhams per share, which is the upper limit of the previously announced price range, after completing the process of building the order book for its initial public offering on March 24, 2023. The …

Abu Dhabi, March 26 / The global investment platform, Investopia, announced the most prominent outputs of its annual conference, which was hosted by Abu Dhabi during the month of March, including the partnership with “Business Finland”, the governmental economic body in Finland concerned with financing innovation and promoting trade, travel …

To overcome the current turmoil in asset prices, investors rely on a traditional strategy; Namely, buying stocks from the huge US companies that have been driving the market rally for years. Since March 8, the shares of the five largest companies by market value (Apple, Microsoft, Google, Amazon, NVIDIA) have …

The European Union and Germany announced, on Saturday, that they had reached an agreement that puts an end to a dispute over a project to ban sales of new cars powered by fossil fuels from 2035. The historic agreement to ban sales of new cars powered by fossil fuels from …

Gold prices moved in a narrow range on Friday, after a volatile week so far, as a rally in the dollar offset support for the yellow metal from lower US bond yields, but bets on a temporary halt to raising US interest rates boosted expectations for non-yielding bullion. There was …

Abu Dhabi, March 24: The local stock markets attracted a liquidity of about 6.8 billion dirhams during the past week’s trading, with its main focus on real estate, financial and banking sector stocks. Liquidity was distributed by 5.5 billion dirhams on the Abu Dhabi Stock Exchange and 1.28 billion dirhams …

Moody’s affirmed the long-term sovereign rating of the UAE in both domestic and foreign currencies at “Aa2” while giving it a stable outlook. The rating is based on Moody’s assessment that the level of debt of the federal government in the UAE will remain very low, supported by its continued …

London, March 21: European stock indices rose during the day’s trading, with the receding of investors’ fears about the global banking crisis after the collapse of the US “Silicon Valley” bank. And by 05:25 pm UAE time, the European Stoxx 600 index rose by 1.6 percent, or the equivalent of …

Dubai, March 21 / The Dubai Financial Market consolidated its gains at the end of the day’s trading, and its market capitalization gained approximately 4.9 billion dirhams, while the Abu Dhabi market closed stable. The market capital of listed shares rose from 3.266 trillion dirhams at the end of yesterday’s …

Dubai, March 21 / The Mohammed bin Rashid School of Government, in partnership with the Dubai Digital Authority and Microsoft, launched at the college’s headquarters a major report on “Enhancing the Impact of Artificial Intelligence in Dubai: Future Directions towards Promoting the Digital Economy”, which was based on field work …