Finance & Business

The vast majority of central banks around the world now see gold as one of the more prominent reserve assets on the scene, indicating that the trend of de-dollarization will continue in the coming years. According to a survey by the World Gold Council, 62% of banks expect gold to …

Abu Dhabi, June 30 / The assets of Islamic banks operating in the country increased by more than 63 billion dirhams in 12 months, according to the latest statistics of the UAE Central Bank. The statistics showed that the assets of Islamic banks amounted to 647.3 billion dirhams at the …

The UAE Fuel Price Follow-up Committee approved the new fuel prices during the month of July 2023, and approved a slight increase in the prices of “gasoline” and its derivatives “Super 98”, “Khosi 95”, and “I Plus 91”. Gasoline 98: Before: 2.95 dirhams After: 3.00 dirhams Gasoline 95: Before: 2.84 …

Major economic sectors in the country are witnessing a strong recovery, momentum and great activity during the blessed Eid Al-Adha holiday, especially the tourism, travel, aviation and retail sectors, which are among the main sectors that support the growth of the national economy. The strong activity in these sectors contributes …

Dubai Refreshments said that it had sold to Al-Futtaim Private LLC. The property you own in the first Al Quoz district in Dubai is worth 252 million dirhams. The property includes the site of the company’s old factory, warehouses and staff offices before moving to the current location in Dubai …

The Dubai Financial Market topped the Gulf stock exchanges in the first half of 2023, achieving gains of 13.7%. The Saudi market came in second place in the Gulf region, which increased by 9.3%. As for the Bahrain index, it rose slightly by 0.2%, although it closed on Monday, declining …

The volume of credit financing granted by national banks to the trade and industry sectors in the country increased, on an annual basis, by 5.8%, or the equivalent of 40.6 billion dirhams, by the end of last April, according to the latest statistics of the UAE Central Bank. The statistics …

Abdullah Bin Touq: We have adopted flexible policies that are in line with global changes Hanan Ahli: Increasing the relative importance of non-oil activities Abdullah bin Touq Al Marri, Minister of Economy, confirmed that the preliminary estimates of the UAE’s gross domestic product for the year 2022, issued by the …

Foreign (non-Arab) investors intensified their weekly purchases of Emirati stocks, with a net investment of 952.2 million dirhams, the proceeds of purchases in 5 sessions. This came as the Abu Dhabi market index maintained its green closing for the fifth consecutive session, with a weekly increase of 1.17% at 9556.9 …

Yesterday, real estate transactions in Dubai recorded 2.5 billion dirhams, with 744 pledges of allegiance at a value of 2 billion dirhams, including 56 pledges of allegiance to land, at a value of 435.15 million dirhams, and 688 pledges of allegiance to apartments and villas, at a value of 1.56 …