UAE stock markets Monday continued to capitalise on improved investor sentiments, with blue-chip communication stocks leading the gainers in the Capital’s bourse, and giant property Emaar driving the Dubai Financial Market’s best performance in a month. In Abu Dhabi, Index FADGI closed 0.752 % higher at 9,501.150 pts, buoyed by robust trading over telecom firms, […]Read More
The World Bank approved US$250 million in additional financing for the Education Support Program in Morocco, adding to the initial US$500 million Program approved in 2019. This financing is intended to support the Government of Morocco in delivering on a highly ambitious education reform agenda that includes expanding quality early childhood education services, supporting primary […]Read More
The Saudi Arabian Oil Company (Aramco or the Company) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth quarter dividend of $19.5 billion, to be paid in the first quarter of 2023. The results were […]Read More
Dubai-based airline flydubai has reported historic profits of AED1.2 billion (US$327 million) for the year ending on 31st December 2022, representing a 43% increase from 2021. The carrier’s total annual revenue grew by 72% to AED9.1 billion (US$2.5 billion) compared to AED5.3 billion (US$1.4 billion) in 2021. The airline carried 10.6 million passengers, an 89% […]Read More
Hana Al Rostamani, Group Chief Executive Officer of FAB said that throughout 2022 the bank continued to build and leverage on its strengths, reaffirming itself as a leading regional bank, with the unique perspective and sense of ambition that our home in the UAE provides. “In 2022, FAB facilitated over $9 billion worth of sustainable […]Read More
The inaugural I2U2 Business Forum began recently in Abu Dhabi, jointly organised by the UAE Ministry of Foreign Affairs and International Cooperation and the Abu Dhabi Department of Economic Development. The Forum brought together senior private and public sector representatives from India, Israel, the United Arab Emirates, and the United States (I2U2) to discuss opportunities […]Read More
During the second day of Davos, the UAE Government signed a number of partnerships and agreements with the World Economic Forum, aiming to enhance the framework of cooperation and joint efforts in strategic sectors and areas of global interest.The partnership agreements were unveiled during a high-level meeting between Mohammad bin Abdullah Al Gergawi, Minister of […]Read More
On the last trading day of 2022, spot gold rose 0.2% to $1,818.70 per ounce by 2:17 p.m, while U.S. gold futures settled unchanged at $1,826.2, Reuters reported. Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020, thanks to predictions of fewer interest […]Read More
Jaleel Holdings, one of the leading UAE-based investment companies, has opened its new AED 90 million facility at Dubai Industrial City, a member of TECOM Group PJSC. As a part of the region’s largest industrial hub, the facility comprises the latest store of UAE’s largest consumer goods wholesaler, Jaleel Cash & Carry and the integrated […]Read More
The Sharjah Entrepreneurship Centre (Sheraa), has announced two exciting opportunities for emerging entrepreneurs and startups to pitch their ideas to investors from a range of sectors during the 6th Sharjah Entrepreneurship Festival (SEF). SEF 2022 will be held at the Sharjah Research Technology and Innovation Park from December 17th to 18th under the theme of […]Read More
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