#Economy
The kingdom has its lowest unemployment rate in two decades and has managed to keep inflation at 3 per cent
The agreements will support the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow and facilitate access to investment opportunities
Over 80 per cent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value programme
It’s the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020
Oil prices have slumped by a fifth since early August on fears over the global economy
GDP overall grew a revised 12.2 per cent from a year earlier, the fastest since 2011
Fiscal second-quarter sales increased 7.6 per cent to $1.1bn
The UAE’s non-oil exports were close to Dhs180bn, reflecting a growth rate of 8 per cent over the same period last year
Bullion is trading near a two-week low amid an ongoing discussion on whether the Fed will shift to less aggressive rate hikes
Dubai Municipality will feature four new agencies, facilitate enhanced governance, privatise eight main activities and create Dhs10bn worth of new economic opportunities
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
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
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
In July, the UAE will sign its fourth comprehensive economic partnership agreement with Colombia
From a regional perspective, the Middle East was well represented with the UAE, Saudi Arabia and Bahrain officials participating
The five areas that the three countries will cooperate on include food, agriculture and fertilisers; pharmaceuticals; textiles; minerals and metals; and petrochemicals
West Texas Intermediate futures climbed toward $111 a barrel after rising 0.5 per cent on Wednesday
The Q1 2022 figure of Dhs499.7bn marked a growth of 20.5 per cent over the same period in 2021
Investors have shunned equities and many commodities after Federal Reserve officials reaffirmed much tighter monetary policy lies ahead to cool an overheating economy and tame inflation
It indicated a 10 per cent year-on-year increase compared to the number of licences issued in Q1 2021
The boost was mainly driven by oil revenue, which rose 58 per cent compared to last year
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