In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent...
Washington, United States -- US tariffs will kick in on August 1 if trading partners from Taiwan to the European...
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) and the Reserve Bank of India (RBI) on Saturday...CBUAE and RBI aim to develop the foreign exchange market, facilitate bilateral trade, encourage direct investment, and facilitate financial transfers
The pact enables acceptance of local cards in both countries for ATM cash withdrawals and direct point-of-sale purchases without relying on external payment networks
"The Emirati-Indian economic cooperation is gaining increasing momentum in sectors of the circular economy, tourism, aviation, entrepreneurship, small and medium...The collaboration between India and the UAE aims to boost the GDP of both countries by empowering startups, says UAE's Minister of Economy Abdullah bin Touq Al Marri
The countries vow to expand cooperation in areas such as the circular economy, aviation, SMEs, renewable energy, technology, digital transformation, and transportation, he adds
Profit is a 41.5 percent jump compared to H1 2022.This remarkable growth in net profit is attributed to outstanding revenue contribution across net interest and other operating income.
The economic outlook for the UAE and business confidence continue to be encouraging, powered by buoyant domestic activity.
- Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...
A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.
"The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.
Talk merger of shareholdings in Borouge, Borealis.Borouge is listed on the ADX with 54 percent owned by ADNOC.
Borealis is owned 75 percent by OMV with ADNOC holding 25 percent.
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE)’s Financial Stability Report for 2022 said the FTSE ADX...The Abu Dhabi Securities Exchange (ADX) trading value increased by 21.9 percent to AED 451 billion ($122.78bn)
Foreign investment in ADX increased, with total net foreign investments recording an inflow of AED 24 billion ($6.53bn) in 2022
- ABU DHABI, UAE - The significant growth in the volume of non-oil trade between the UAE and India signifies the...
CEPA will help deliver the target of reaching US$100 billion in non-oil trade annually over the next five years.
During 2020-2022, non-oil trade between the UAE and India has grown from US$27.9 billion to US$51.4 billion last year.
- Abu Dhabi, UAE - The UAE’s real GDP growth accelerated during 2022 due to a robust recovery in non-oil GDP...
The growth came despite higher inflation, tightening financial conditions and continued geopolitical tensions
It was boosted by the removal of most COVID-19-related curbs and a recovery in global travel and the tourism
- VR and AR technologies offer tourists pre-visit virtual explorations of cultural and natural sites, driving engagement and anticipation. Onsite, the...
Technologies such as Virtual Reality, Augmented Reality, E-visas, and e-payment systems are enhancing the tourist experience in the Kingdom, say experts
NEOM, which epitomizes Saudi Arabia's innovative approach, is set to become a global showcase of advanced design and digital experiences, they add
Results of large US banks released underscored the boon from higher interest rates, as executives described the world's biggest economy...JPMorgan and Wells Fargo both reported huge increases in second-quarter profits.
Citi experienced a drop, citing an anemic investment banking market for revenue drop.
