Finance & Business

Abu Dhabi, July 25 / The Multipleplay Group, the investment holding company based in Abu Dhabi, announced that it recorded during the second quarter of 2023 a net profit of 400 million dirhams, compared to 127.31 million dirhams in the same period last year. The group said that its subsidiaries …

Beijing, July 25 / China announced that it has identified several key sectors that will be focused on to stimulate private investment, in the context of the state’s efforts to promote the growth of the private sector in the country. The Chinese National Development and Reform Commission said it will …

Oil prices rose by more than a dollar per barrel at the end of the week’s trading, supported by increasing evidence of supply shortages in the coming months, and the intensification of the conflict between Russia and Ukraine, which would lead to a continued decline in supplies. Brent crude futures …

Engineer Suhail Al Mazrouei, Minister of Energy and Infrastructure, said: The current measures taken by the “OPEC +” alliance to support the oil market are sufficient at the present time, adding that the alliance “only needs a phone call” if any other steps are needed. “What we are doing is …

Abu Dhabi With the onset of the summer holidays, airports and train stations in China are crowded with travelers as they prepare to go to various tourist destinations. According to data from travel agency Ctrip, there was a six-fold increase in demand for international airline tickets year-on-year during the first …

Beijing, July 21 / Chinese car exports have witnessed remarkable growth in recent years, according to a report by the Chinese People’s Daily newspaper, in which it said that the country’s car exports exceeded 2 million cars in 2021 and increased to more than 3 million in 2022.   The …

Abu Dhabi, July 20 // Abu Dhabi Commercial Bank announced a 25% increase in net profits to reach 3.811 billion dirhams during the first half of this year, compared to the same period last year. The bank stated, in a statement today, that net interest income increased by 23% to …

Alpha Dhabi Holding Company signed a memorandum of understanding with the Turkish Limak Group, in order to explore available opportunities and prospects for establishing joint projects in the fields of construction, development, infrastructure, energy and hospitality, which fall within the framework of the sustainable development strategy in the UAE and …

» The Dubai Financial Market announced that HSBC Bank succeeded in executing the first international Securities Borrowing and Lending (SLB) deal on the stock exchange, which is the first transaction to be implemented through this model, and it is also the latest step in the continuous development and expansion in …

Gold prices hovered, on Wednesday, near the highest level in eight months, which it recorded in the previous session, after economic data increased expectations that the Federal Reserve (the US central bank) is close to ending interest rate hikes. Gold in spot transactions fell 0.2% to $1973.69 an ounce, under …