The price of OPEC basket of thirteen crudes stood at US$50.78 a barrel on Thursday, 17th December, 2021, compared with $50.12 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
Investcorp, a Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, announced that it has entered into an agreement to acquire Unilog, a Software as a Service (SaaS) based e-commerce solutions provider to small and medium businesses based in the United States. Investcorp’s capital backing is expected to support further platform innovation […]Read More
Despite the global economic slowdown and COVID-triggered lockdowns, UAE’s non-oil trade amounted to AED1.033 trillion during the first nine months of 2020, statistics by the Federal Competitiveness and Statistics Centre showed today. The figures cover the exchanges of non-oil commodities, including direct trade and that of free zones and warehousing arrangements, highlighting the healthier trade […]Read More
The Sharjah Chamber of Commerce and Industry (SCCI) and the Embassy of Latvia in the UAE have highlighted the importance of organising joint events and exchanging visits between trade delegations to enhance the economic and investment cooperation between the two friendly countries. This came during the meeting between Abdullah Sultan Al Owais, Chairman SCCI, and […]Read More
The Arab Monetary Fund, AMF, hold on Thursday December 10, 2020 an online workshop titled “Buna compared to other payment systems from around the globe: What makes Buna a key player.” The workshop sessions focused on positioning Buna – the cross-border payment system owned by the AMF – against the current global landscape and future […]Read More
The Dubai International Financial Centre, DIFC, the leading global financial centre in the Middle East, Africa and South Asia, MEASA, region, announced that Ebury, a leading global FinTech backed by Santander Bank offering cross-border financial services and risk management has been granted a Financial Services licence to carry out the regulated activity of providing money […]Read More
The price of OPEC basket of thirteen crudes stood at US$46.91 a barrel on Wednesday, 25th November 2020, compared with $45.51 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
Dubai Islamic Bank, DIB, rang the market-opening bell today to celebrate the listing of a US$1 billion Sukuk on Nasdaq Dubai. The Sukuk achieved a strong 5.7 times subscription rate, attracting more than 150 high-quality investors from the Middle East and around the world. The profit rate of 4.625 percent per annum is the lowest […]Read More
The Business Registration and Licensing, BRL, sector in Dubai Economy issued 32,158 new licences during the first 10 months of 2020, an increase of 6% compared to the same period last year. Among the new licenses issued during the first 10 months, 57% were professional and 42% commercial. The numbers, recorded on the Business Map […]Read More
Established in 2005, the Dubai Gold & Commodities Exchange, DGCX, today stands as the largest and most diversified derivatives exchange in the Middle East, providing guaranteed settlement and reduced counterparty risk through the Dubai Commodities Clearing Corporation, DCCC, a 100 percent owned subsidiary by DGCX. Over the last 15 years, the exchange has traded a […]Read More
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