Washington, United States -- US President Donald Trump on Friday threatened Apple and other smartphone manufacturers with a 25 percent...
- Beijing, China -- Tech giant Xiaomi unveiled a new advanced in-house mobile chip on Thursday, a significant milestone for the...
Abu Dhabi, UAE – The UAE banks provided AED 83.3 billion ($23 billion) in financial facilities to small and medium-sized...Loans to SMEs accounted for 10.4 percent of the total accumulated balance of financial facilities for the trade and industrial sector
The SMEs sector represents more than 95 percent of the total number of companies operating in the country, according to Ministry of Economy
- It will dole out cash dividends to the tune of US$601m.
The company, in a disclosure to Dubai Financial market, said the proposed profits represent 25 percent of the capital, at 25 fils per share
Its net profit almost doubled in 2022 as sales hit a record of $9.5 billion on the back of strong demand from real estate buyers
The Swiss National Bank (SNB) and financial markets watchdog FINMA told their US and British counterparts their "plan A" to...Credit Suisse came under pressure this week as the failure of two US regional lenders rocked the sector
The idea of a takeover by UBS was also floated this week by analysts at JP Morgan, calling it "the most likely" scenario
Abu Dhabi, UAE - The Abu Dhabi Securities Exchange (ADX) has reported the execution of 10 significant deals with a...The deals were carried out through 321.14 million shares of three listed companies
Five major deals were signed by Al Alamiya Holding, the largest share among the three
TOKYO, JAPAN - The ninth session of the Abu Dhabi-Japan Economic Council (ADJEC) here has reaffirmed its commitment to further...In 2022, the bilateral trade between the UAE and Japan rose 57.5 percent to exceed US$54 billion.
UAE exports to Japan grew 69.7 percent to US$45.9 billion compared to US$27 billion in 2021.
- The UAE and Georgia signed a joint statement confirming the successful conclusion of negotiations towards the UAE-Georgia Comprehensive Economic Partnership...
Comprehensive Economic Partnership Agreement (CEPA) signing took place in Georgia’s capital Tblisi during a UAE delegation's visit to the country.
The free trade agreement or CEPA will lay the foundation for deeper, stronger and more integrated economic relations between the UAE and Georgia.
Abu Dhabi, UAE -- The United Arab Emirates capital, Abu Dhabi, will host the world's largest autonomous racing league, with...The first autonomous car race will take place at Yas Marina Circuit in the last quarter of 2024 as the first in a series of autonomous vehicle races.
The league will feature the Dallara-built Super Formula cars, the usage of which has been enabled by Japan Racing Promotion (JRP).
- The G24 data analytics firm received $496 million in its offering.
Presight offered 1.35 billion shares, equivalent to 24.24% of its paid-up capital.
The company is expected to begin trading on the Abu Dhabi Exchange on Mar 27, 2023.
- Dubai, UAE -- A total of 3,903 real estate transactions worth AED 10 billion ($2.72 billion) were conducted during the...
A total of 208 plots were sold for AED 1.12 billion, while 2,906 apartment and villa sales totaled AED 6.25 billion.
The top three transactions were three lands in Al Jadaf sold for AED 38.5 million, AED 38.5 million, and AED 37 million respectively.
The OECD raised its global economic growth forecast as inflation eases and China emerges from Covid restrictions, but warned of...Organization for Economic Co-operation and Development says rate increases are still needed to fight inflation.
OECD cited uncertainty over the course of the war in Ukraine, the risk of renewed pressure on energy markets.
