Finance & Business

Abu Dhabi, on March 21, the general assembly of Al Ain Al Ahlia Insurance Company approved the distribution of cash dividends to shareholders at 25% of the paid-up capital, equivalent to 2.5 dirhams per share, with a total of 37.5 million dirhams to shareholders, for the fiscal year ending on …

The Kuwait Oil Company announced, on Tuesday, in a statement that “the new Jurassic Production Stations 4 and 5 are expected to start operating in early 2024.” The company added, “The completion rate in the two stations has reached nearly 70 percent.” The company stated that “the production of each …

  Vehicle insurance prices have increased by between 10-20% since the beginning of this year 2023, driven by the increase in the population of the UAE and the need for many of them to own a new car in light of the local economic recovery, as well as the efforts …

Dubai, March 20 / The proceeds of the first public auction for the current year 2023 for the distinctive plate numbers of vehicles in Dubai amounted to (38) million and (210) thousand dirhams. Auction No. (112), organized by the Roads and Transport Authority in Dubai, took place at the Grand …

Gold prices regained some gains, Monday, and erased part of the losses recorded earlier, amid the return of concerns about the global banking sector to the fore, despite the rescue efforts made by the bank “UBS” to acquire its competitor “Credit Suisse” to achieve stability. in financial markets more broadly. …

Abu Dhabi, March 20: The assets / assets / of national banks listed in the local financial markets increased on an annual basis by 32%, or the equivalent of 315 billion dirhams, during the past year 2022, in an indication of their strong financial solvency and ability to expand their …

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, directed the acceleration of steps to consolidate Dubai’s position as a global center for manufacturing and designing the future and applying the best models of digital work, during his presidency …

An informed source told Reuters on Saturday: “Billionaire Warren Buffett held discussions with senior officials of President Joe Biden’s administration regarding the banking crisis.” The White House and the US Treasury Department declined to comment. And “Bloomberg” had reported earlier on Saturday that “Buffett has contacted administration officials in recent …

The number of licenses for e-commerce activities in its two branches via websites and social networking sites has reached 432 licenses in the United Arab Emirates since the beginning of the current year 2023. According to the data of the National Economic Register, e-commerce business has witnessed an accelerated momentum …

Dubai, March 19: His Excellency Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, held a bilateral meeting with HE Chan Chunjiang, Assistant Minister of Commerce for Investment Affairs of the People’s Republic of China, to discuss enhancing joint investment opportunities in new economic sectors, trade, logistical transportation, real …