Finance & Business

September 26   The Public Debt Management Office in Dubai said that the implementation of the public debt reduction plan is accomplished by paying obligations resulting from various financial instruments, including:               -3.3 billion dirhams Islamic bonds.               …

September 26   UTera Middle East announced an investment of $20 million to develop the first factory in Ras Al Khaimah to produce organic fertilizers on an area of 33,000 square meters in the Al Ghail Industrial Area.   The company plans to produce organic fertilizers with precise biological specifications …

September 26   The second edition of the Small and Medium Enterprises Confidence Index in Eastern Europe, the Middle East and Africa from MasterCard revealed the optimism of small and medium enterprises in the United Arab Emirates regarding revenue expectations for the year 2023, especially after their success in facing …

September 25   ADNOC and Abu Dhabi National Energy Company PJSC (Taqa) announced today the successful completion of a financing deal worth 8.3 billion dirhams ($2.2 billion) to finance their strategic project, which aims to provide a sustainable supply of water to ADNOC’s onshore operations. .         …

Abu Dhabi on September 25   The total capital and reserves of banks operating in the country increased on an annual basis by about 48 billion dirhams, or 11.8%, to reach 454.9 billion dirhams at the end of last July, compared to about 406.9 billion dirhams at the end of …

September 25   Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, President-designate of the Conference of the Parties (COP28), and Special Envoy of the UAE to Japan, made a working visit to Japan, during which he chaired the first ministerial meeting of the comprehensive strategic partnership …

September 24   The Russian government announced on its website that it has approved a list of 31 friendly and neutral countries, led by the United Arab Emirates, allowing banks and speculators to trade in the foreign exchange market and the financial market in Russia. This step aims to make …

September 23   The Russian government announced on its website that it has approved a list of 31 friendly and neutral countries, led by the United Arab Emirates, allowing banks and speculators to trade in the foreign exchange market and the financial market in Russia. This step aims to make …

September 23   UAE stocks added 23 billion dirhams to their market value within a week, including 11.32 billion dirhams in the Dubai market, and 11.7 billion in Abu Dhabi, while the Dubai Financial Market index rose in five sessions by 3% to the level of 4168.55 points, under the …

September 22   The World Gold Council’s report for the month of September showed that the gold reserves of the Arab countries amounted to 1,515.1 tons, while the gold reserves of the countries of the world combined reached 35,664.5 tons.   According to the World Gold Council report, which shows …