Finance & Business

Russian Deputy Prime Minister Alexander Novak said, on Friday, that Moscow intends to voluntarily reduce its oil production by 500 thousand barrels per day, or about five percent, in March, after the West applied a ceiling to Russian oil prices. The Group of Seven, the European Union and Australia agreed …

Dubai, February 9 / Aramex, listed on the Dubai Financial Market, announced its preliminary financial results, as it achieved net profits from normal operations of about 173 million dirhams during the year 2022, a growth of 9% compared to about 158.27 million dirhams during the year 2021. In a statement …

Merchandise trade exchanges between the UAE and the United States of America achieved strong growth during 2022, by 20.6%, to reach 101.8 billion dirhams ($27.7 billion), compared to 84.5 billion dirhams ($23 billion) in 2021, according to the statistics of the American Statistics Center. The “Gulf” survey, based on data …

Capitals on February 7 / International gold prices rose during today’s trading, gaining more than $5 in spot transactions. And the prices of the yellow metal rose in spot transactions by 0.28%, or the equivalent of $ 5.37, to reach $ 1873.15 an ounce, according to global market data, by …

The local stock markets attracted about 197,767 new investors during the year 2022, in an indication of their investment attractiveness and the keenness of international investors to enhance their presence in UAE stocks to take advantage of the strong growth of the national economy, which establishes the position of financial …

The economic standoff between the United States and China has put Europe in the crosshairs, while the US “Inflation Act” plan to boost green industries threatens to cause collateral damage to a key ally. This American plan will be on the list of French and German Economy Ministers Bruno Le …

“Apple” announced disappointing profits, and the “iPhone” maker recorded its first decline in revenue on an annual basis since 2019, and the largest quarterly decline since 2016. How did the quarterly results compare to Refinitiv expectations? Earnings per share: $1.88 vs. $1.94 expected, down 10.9% y/y Revenue: $117.15 billion compared …

Washington, January 31 / The International Monetary Fund raised its forecast for global economic growth to 2.9% in 2023, compared to its previous forecast of 2.7% last October. In the Global Economic Growth Outlook report, the IMF expected a slowdown in global economic growth this year before it rebounds next …

The Council of Ministers has officially determined the amount of annual income subject to corporate tax, whereby the part of the taxable income belonging to the taxable person that does not exceed the amount of 375 thousand dirhams is subject to corporate tax at the rate of 0% in the …

Capitals, January 26 / International gold prices increased by a limited extent in spot trading during today’s trading, while futures contracts gained about $4.5. And the prices of the yellow metal rose in spot transactions by 0.05%, or the equivalent of $0.5, to reach $1947.3 an ounce, according to global …