The cumulative FDI balance received by the UAE also increased by 141.6 percent from 2011 to 2021
Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve
Non-oil trade between the two countries witnessed a 119 per cent growth in Q1 2022 compared to the same period in 2021
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn
Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points
Equities and investment funds, the largest asset class of total personal wealth at 64 per cent in 2021, are expected to grow the fastest in 2026 with a CAGR of 8.8 per cent
Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April
The European Central Bank (ECB) raised its key interest rate by 50 basis points, the first increase in 11 years, as it confronts surging inflation
Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates
The ICV programme is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services
Traders are awaiting more clarity on central bank action to tackle searing inflation
Bullion is hovering above the $1,700 an ounce level as it continues be pressured by the strength in the US dollar
An 80 per cent year-over-year surge in new members was recorded between January and June 2022
Gold slumped below $1,700 an ounce on Thursday for the first time in almost a year
Bullion on Wednesday bucked a downward trend that’s seen it slide for four consecutive weeks
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading
Spot gold fell 0.5 per cent to $1,725.05 an ounce in Singapore, after falling 0.5 per cent in the previous session
Johnson will also make a statement to the country on Thursday
The pandemic has fuelled a shift in attitudes about work
Copper fell 1.1 per cent to $7,589 a ton on the London Metal Exchange as of 11.03am in Shanghai, dipping below the $7,597 intraday low on Tuesday
The company’s investments during the contract extension period is expected to reach another $7-8bn
In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia
The policies focus on four main sectors of manufacturing, food, infrastructure, and transport
The pact will help increase annual bilateral trade to $10bn within five years by removing trade barriers on a range of goods and services
The strategy, via six programmes, will create 13,600 skilled jobs, with a focus on Emirati talent and boost Abu Dhabi’s trade with international markets
For a metal like copper, its uses in everything from heavy industrial machinery to advanced electronics mean the market is tightly linked to economic shifts
Dubai International Chamber operates four representative offices in Kenya, Ethiopia, Mozambique and Ghana
The job losses are across the company, with most affected workers based in the US