Finance & Business

September 21   The Dubai Financial Market continued to rise in Thursday’s session by 0.8% to 4173 points, on the impact of further purchasing operations led by “Emaar Properties”, whose shares continued to rise to the level of 7.67 dirhams, after rising 2.4%. “Dubai Islamic” shares rose 1.8% to 5.77 …

September 21   The volume of credit financing granted by national banks to the trade and industry sectors in the United Arab Emirates increased to about 29.7 billion dirhams during the first seven months of this year, according to the latest statistics of the UAE Central Bank.       …

Sharjah on September 20   His Excellency Hamad Ali Abdullah Al Mahmoud, Director of the Sharjah Foundation for Supporting Entrepreneurial Projects “Ruwad”, confirmed that the UAE is considered an ideal destination for commercial franchising rights for many international companies with a strong brand, noting that “Ruwad” has made significant strides …

September 20   Aldar Properties (“Aldar”) has announced a partnership with Nikki Beach Global (“Niki Beach”), the luxury hospitality company known globally for its upscale residential communities, beach clubs and unique resorts with innovative concepts. Under the new partnership, the two parties will cooperate in developing three residential buildings bearing …

September 18   The General Administration of Abu Dhabi Customs recorded a growth in digital customs transactions through the border ports of the Emirate of Abu Dhabi by 37% during the first half of 2023, compared to the same period in 2022, achieving a growth of 35.8% in goods clearance …

Abu Dhabi on September 18   The Ministry of Economy, represented by the Department of Combating Money Laundering and Combating the Financing of Terrorism, held a two-day workshop in cooperation with the Securities and Commodities Authority, with the aim of enhancing cooperation and exchanging experiences regarding measures to combat money …

Abu Dhabi on September 17   Zayed Higher Organization concluded a memorandum of understanding with Emirates Transport to enhance their partnership regarding providing the best services to people of determination, members of the organization, and to cooperate to implement the initiative to sew clothes for bus drivers and supervisors affiliated …

September 17   The Emirates Arkan Steel Group has succeeded in establishing its position at the forefront of the sustainability revolution taking place in the steel industry, thanks to its tireless efforts to reduce carbon emissions and lead the transition towards a greener future, and within the framework of its …

Beijing on September 16/   Official data published by the Chinese Ministry of Finance showed that China’s general budget revenues rose by 10% on an annual basis, reaching 15.18 trillion yuan ($2.11 trillion US dollars) during the first eight months of this year.         The Chinese news …

September 16 Local stock markets achieved gains exceeding 41 billion dirhams in a week, supported by intense purchasing operations on leading stocks. The market capitalization of listed shares rose from 3.51 trillion dirhams at the end of the Friday session before last to 3.55 trillion dirhams at the end of …