Aramco’s output averaged 10.2 million barrels a day between January and March, up 20 per cent year-on-year
Exports recorded a growth of 35 per cent year-on-year and were valued at Dhs24.449bn
E-commerce represents a significant avenue through which the adoption of digital payments can expand growth opportunities
Kuwait Investment Authority’s Enertech Holding Co. and Pakistan Kuwait Investment Company have applied for a digital bank license and proposed a hydrogen plant and two smart cities
Data from DSCD shows that Sharjah’s trading sector was the most significant contributor to the emirate’s economy at 23.8 per cent
Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021
The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent
Prior approval is required from the Ministry of Economy by any supplier if they wish to raise prices of certain products
Fifty-seven per cent of the new business licences issued were under the professional category and 43 per cent were commercial
Its GDP reached Dhs1.489tn at current prices, with the growth rate for 2021 reported to be the highest in the region
There were 24,077 commercial sector licences issued in 2021, up 21.4 per cent year-on-year
Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects
The UAE aims to attract Dhs550bn worth of foreign investments to the country by 2030
The stock is expected to start trading in Dubai around April 12
Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year
The official signing of agreement is expected to follow in the coming weeks
The bank’s strategy involved direct and indirect financing of 1,350 SMEs across priority sectors
It is part of the kingdom’s efforts to support Egypt’s economy
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
There are now more than 287,000 member companies of the organisation
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
Muvi Cinemas is Saudi Arabia’s first homegrown cinema brand
The bond is the first issuance of its kind for a Jordanian bank on the exchange
The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors
It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit
Spot gold rose as much as 1 per cent to $1,928.80 an ounce, the highest level since January 2021
The USTZ will be initially spread across approximately 1.11 million sq m and built at a cost of around BHD75m
Last year, the financial centre also recorded its highest ever annual revenue and operating profit
Mubadala Capital manages over $10bn of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses
Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide