The Group reported a revenue of $5.12 billion.
its assets increased by 20.08 percent to $43.65bn.
Doha, Qatar -- Qatar Chamber has established a committee for gold and jewelry to address issues facing this sector and...The committee will also work to develop the sector as one of the country's important sectors besides resolving its issues.
It also agreed that the gold sector shall be divided into three subsectors: the gold trade, the jewelry trade and the gold and jewelry factories.
DUBAI, UAE - MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating...DEWA’s current capacity has reached 490 Million Imperial Gallons per Day of desalinated water.
DEWA is also working to increase the capacity of the transmission and distribution networks.
DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data...The UAE is on track to reduce total water consumption of its food sector by over 15 percent despite doubling production by 2030.
The UAE’s national plan - the Water Security Strategy 2036 - ensures that programs are implemented on the supply and demand side.
- It suffers from constant stand-offs between elected lawmakers and cabinets installed by the ruling Al-Sabah family, despite a parliamentary system...
Kuwait, home to seven percent of the world's crude reserves, has little debt and one of the strongest sovereign wealth funds in the world
The oil-rich country, posting large deficits during the Covid-19 pandemic, was buoyed by the rise in oil prices last year
Abu Dhabi, UAE-- In order to improve commercial connectivity and trade between the UAE and Kuwait, AD Ports Group launched...The preliminary data for 2022 has shown a rise in non-oil trade exchange between the two countries to $12 billion
Owing to a series of partnerships, trade acitivity between the UAE and its neighboring countries has witnessed significant growth
- The Iraqi oil ministry said that Turkey stopped oil exports from Iraq's autonomous Kurdistan region on Saturday in the wake...
Iraq had initiated the proceedings against the neighboring country in 2014, claiming exclusive rights over Kurdistan's oil exports
The regional government in Arbil though, in defiance of Baghdad, continued to export oil through Turkey at a rate of around 450,000 barrels a day
- The emergence of interoperable central bank digital currencies may lower costs and reduce settlement risks, but may hit bank revenues...
The emergence of interoperable central bank digital currencies may lower costs and reduce settlement risks, but may hit bank revenues from cross-border transactions, warns Moody's
Although CBDCs promise faster, cheaper, and safer services, they could diminish banks' roles in the new economic landscape, affecting revenues from cross-border payments, it adds
Several factors contributed to the fall in UAE markets, including a decline in oil prices, worries about multinational banks' health.The primary index of the Abu Dhabi Securities Exchange fell by 0.5 percent, while the Dubai market's main index dropped by 0.9 percent.
In Dubai, losses in the industrial and financial services sectors led to a 0.5 percent drop in the main index on Monday.
- Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said...
Bidders were initially told they had until 2100 GMT on Wednesday to submit new offers, but reports say that has been extended.
No figures have been revealed but one or more of the initial bids were understood to be in the region of US$5.5 billion
CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...The UAE delegation highlighted emerging uncertainties in the finance sector.
The delegation discussed effective ways to promote global financial stability.
