Finance & Business

Vienna, March 19 / The OPEC Fund for International Development, the “OPEC Fund”, agreed to allocate a new financing package worth more than $300 million, for the first quarter of this year 2023. The new funding reflects the Fund’s commitment to implementing its climate action plan and enhancing flexibility in …

Abu Dhabi, March 18 / The Ministry of Economy stated that the approval to raise the prices of eggs and poultry products by a maximum of 13%, which was made pursuant to Ministerial Resolution No. 41 of 2023 issued on March 6, 2023, comes within the framework of the Ministry …

Bitcoin rose 9.2% to $27,359 on Friday, up $2,309 from the previous close. The largest and most famous cryptocurrency in the world rose 65.9% from its lowest level of the year at $ 16,496, which it recorded on January 1. Ether rose 5.5% to $1,768.5, up $91.6 from the previous …

The dollar fell on Friday, as shares of Credit Suisse and First Republic Bank continued to decline, which raised market concerns about contagion to other banks, and increased fears of a recession due to tightening monetary policies. European stocks recovered early, but the recovery lost momentum as investor sentiment remained …

The Abu Dhabi Ports Group announced the signing of a concession agreement to develop and operate the Egyptian port of Safaga, in addition to two agreements to establish two terminals in the port of Al-Arish and the port of West Port Said to handle cement, and four preliminary agreements that …

Majid Al Futtaim published the latest version of its quarterly report, “The State of the Retail Economy in the UAE” for the last quarter of last year, which showed an increase in consumer spending by 19% in 2022 compared to the previous year. According to the report, consumer spending in …

Dubai, March 17 / The Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, organized the ninth event in the series of digital economy workshops, which focused on the health technology sector, and a number of the most prominent leaders of the …

Dubai, March 16 / DB World Limited (DP World) announced strong financial results for the year ending December 31, 2022, with total revenue growing by 58.9% on a reported basis, to reach AED 62.89 billion (17.127 million). American dollar). Adjusted EBITDA increased by 31% to AED 18.41 billion (US$ 5,014 …

Abu Dhabi, March 16, The Ministry of Finance announced today the results of the preliminary government finance statistics report for the fourth quarter of 2022, based on the standards of the Government Finance Statistics Manual issued by the International Monetary Fund, and in accordance with the open data policy followed …

Approval of a dividend of 1.285 billion dirhams (10.285 fils per share) for the second half of 2022. – The General Assembly approves amending the dividend policy for the year 2023, specifying dividends of no less than 2.57 billion dirhams (20.57 fils per share) for the year. – The company …