Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on...
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic...
Equity will help DIC enter one of the most regulated marketsMonument Bank targets UK’s 'mass affluent' and aims to provide core banking and other related services to clients.
Monument Bank’s CEO Ian Rand said that the partnership will help to enhance its UK business and launch innovative solutions
The rise was driven by strong regional economic growth.The bank's Q4 profit was particularly strong, at AED 3.9 billion, up 94 percent year-on-year.
The bank also proposed a 20 percent increase in the cash dividend to 60 fils per share.
Mumbai, India - An Indian conglomerate owned by Asia's richest man Gautam Adani said Thursday it was exploring legal action against...Hindenburg's report accused Adani Group of engaging in a "brazen stock manipulation and accounting fraud scheme over the course of decades".
Shares in flagship Adani Enterprises fell as much as three percent on Wednesday, before recovering to trade 1.07 percent lower at the close in Mumbai.
- Stock markets rose as US data showed the country grew at a slower pace in 2022 but finished the year...
For 2022 as a whole, the US economy grew at a slower pace than the previous year, expanding 2.1 percent, the Commerce Department said.
Investors are also focused on the next move of the US Federal Reserve, which has hiked rates since last year in a bid to tame galloping inflation.
Household spending and business investment remained positive in the final quarter last year though they slowed, while inventories and net...Economic activity has been moderating as the US central bank hiked the benchmark lending rate seven times last year.
Against this backdrop, the world's largest economy expanded 2.1 percent for all of 2022, down from the figure in 2021.
DUBAI, UAE - Dubai Gold and Commodities Exchange (DGCX) Thursday announced its full-year market statistics for 2022, reporting 8.239 million...The DGCX is the largest and most diversified derivatives exchange in the Middle East.
DGCX saw steady trading in Indian Rupee, as market participants looked to hedge their exposure to one of the world’s fastest-growing economies.
The profit was driven by funded and non-funded income.The bank also reported a 36 percent increase in operating profit and a 15 percent increase in total assets to AED 75 billion.
The bank's total income went up 33 percent year-on-year driven by higher funded income and non-funded income.
The company's Q4 net profit surged to US$3.4 billion.Nokia's annual net sales grew 12 percent to US$27.1 billion (24.9 billion euros)
The company is engaged in a major competition to install 5G networks around the world
- The total income was up 10 percent year on year.
The fourth quarter 2022 net profit was AED2.5 billion, compared to AED2.9 billion in the previous quarter.
The total income reached AED23.9 billion, up 10 percent yoy, driven by 23 percent growth in net interest income.
ABU DHABI, UAE - The UAE is determined to foster the attractiveness and competitiveness of the business environment in order...The UAE aims to offer a legislative framework to enable companies to promote the new economic model, particularly the commercial agencies sector.
With innovative projects and crucial commercial activities, this sector significantly contributed to the country's development during the past several years.
