Finance & Business

Abu Dhabi, August 4 / The Ministry of Industry and Advanced Technology announced the start of the mandatory application of the digital identity (UAEPass) for customers and companies with the ministry’s systems to obtain digital services exclusively through the ministry’s electronic portal and smart application. This comes in line with …

Dubai, August 4 / Dubai Investments, listed on the Dubai Financial Market, announced that it achieved a net profit of 580 million dirhams during the six-month period ending on June 30, 2023, an increase of 59%, compared to the same period in 2022, in which the company’s profits amounted to …

Cairo, August 3 / The market capitalization of the shares of companies listed on the Egyptian Stock Exchange at the end of the week’s trading today gained about two billion pounds, reaching the level of 1.184 trillion pounds, amid total transactions amounting to about 1.8 billion pounds, which included transactions …

Abu Dhabi, August 2, The Ministry of Economy, represented by the Anti-Money Laundering Department, participated in a workshop of the International Monetary Fund entitled “Risk-Based Control for Anti-Money Laundering and Combating the Financing of Terrorism for Companies and Institutions Operating in the Business Sectors and Designated Non-Financial Professions.” The workshop …

Moscow, August 1 / The exchange rate of the US dollar rose against the Russian ruble in the Moscow Stock Exchange trading today.         By 16:30 Moscow time, according to Moscow Stock Exchange data, the exchange rate of the US dollar rose by 18 kopecks to 91.78 …

July 31 Oil prices are heading to record their biggest monthly gains in more than a year, Monday, on expectations that Saudi Arabia will extend voluntary production cuts until September and shrink global supplies. Oil prices hovered near a three-month high, with Brent crude futures rising 34 cents to $85.33 …

The Federal Tax Authority stressed the need to adhere to the accuracy of the value-added tax declaration on an emirate basis in relation to electronic commerce. The authority stated that the recent updates to the value-added tax legislation in the UAE, specifically with regard to the declaration of e-commerce supplies …

31 / Jul Mohammed Lootah: A strong commercial relationship with Serbia, and the Council is strengthening it 207 companies registered with the Chamber in various sectors Dubai The Dubai Chamber of Commerce announced the establishment of the Serbian Business Council, where it hosted the first annual general assembly meeting of …

The dollar is heading for a monthly loss, with the US Federal Reserve possibly ending the cycle of raising interest rates after increasing them by 25 basis points, last week. On Monday, the dollar index rose 0.22% in the latest transactions to 101.82 points, but it is heading for a …

31 / Jul Data from the Ukrainian Ministry of Agriculture showed, on Monday, that Ukrainian grain exports for the first month of the new season rose to 2.16 million metric tons on July 31, 2023, after it was 1.61 million in July 2022. The exports included 1.11 million tons of …