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Financials and Investment News in United Arab Emirates

Dubai Chamber of Commerce Bolsters Member Support With Launch of Four New Business Groups
1/23/2023 - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, today announced new sector-specific business groups for four economic sectors: Agribusiness, Furniture and Home Fur...
Gross Banks’ Assets Exceed AED 3.63 Trillion By End-November 2022: CBUAE
1/23/2023 - The Central Bank of the United Arab Emirates (CBUAE) announced that Gross banks’ assets, including bankers’ acceptances, increased by 0.7 percent, rising from AED 3.615 trillion at the end of October ...
DMCC, Bharat Subcontinent Agri Foundation to Boost UAE Agri Commodities Trade With South Asia
1/23/2023 - DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – and the Bharat Subcontinent Agri Foundation (BSAF) have signed a Memorandum of Understandi...
KEZAD CEO Highlights Growing Demand for Integrated Industrial, Trade Centres in Abu Dhabi
1/30/2023 - Mohamed Al Khadar Al Ahmed, CEO of the Khalifa Economic Zones Abu Dhabi (KEZAD) Group, has stated that the economic cities and free zones of the Abu Dhabi Ports Group have helped achieve record result...
AED 3.7 Billion Net Profit for Mashreq Bank in 2022
1/30/2023 -  Mashreq, a leading financial institution in the Middle East and North Africa, reported its financial results for the year ending December 31, 2022.

The bank's operating profit was AED 4.4...
Dubai’s Dhow Trade Sees Robust 12% Growth in 2022
2/1/2023 - The Marine Agency for Wooden Dhows, established in 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting a 12 ...
Borouge Reports $1.4 Billion Net Profit During 2022
2/2/2023 - Borouge today announced its financial results for the twelve-month and three-month periods ended 31st December 2022, with strong year-on-year growth in sales volumes driving healthy revenue growth.
Saudi, Bahraini Central Banks Raise Interests in Line With US Fed's Rate Hike
2/2/2023 - The central banks of Saudi Arabia and Bahrain increased their interest rates after the US Federal Reserve raised its target interest rate by a quarter of a percentage point on .

The Saudi C...
US Fed raises interest rates by 25 basis point
2/2/2023 - The US Federal Reserve raised its target interest rate by a quarter of a percentage point .

"Inflation has eased somewhat but remains elevated," the US central bank said in a statement.
Dubai Receives 14.36 Million International Visitors in 2022
2/5/2023 -  Dubai received 14.36 million international overnight visitors in 2022, growing 97 per cent YoY from the 7.28 million tourist arrivals in 2021, according to the latest data published by Dubai’s Depart...
Dubai Records Over AED1.4 Bn in Realty Transactions Monday
2/6/2023 - Dubai real estate market recorded 490 sales transactions worth AED1.17 billion, in addition to 86 mortgage deals of AED177.94 million, and 15 gift deals amounting to AED55.81 million, data released by...
Aldar Unveils 'Manarat Living' in Saadiyat Island
2/6/2023 -  Aldar Properties unveiled today ‘Manarat Living’, a boutique residential development in Abu Dhabi’s cultural district on Saadiyat Island.

The development will feature 273 homes located clo...
Investopia Signs New Partnership With Emirates Development Bank
2/6/2023 - Investopia, the global investment platform launched by the UAE government, announced a new partnership through signing a Memorandum of Understanding (MoU) with Emirates Development Bank, one of the ke...
FTA Organises Seminar on Registering Retailers in Digital System
2/6/2023 - The Federal Tax Authority (FTA) organised an interactive introductory seminar for retailers about the new, simplified, fully paperless procedure for registering in the digital system for refunding val...
Mansour Bin Zayed Chairs Board Meeting of Mubadala Investment Company
2/6/2023 -  H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Vice Chairman of the Board of Directors of the Mubadala Investment Company, chaired the meet...
Mansour Bin Zayed Chairs Board Meeting of Mubadala Investment Company
2/6/2023 - H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Vice Chairman of the Board of Directors of the Mubadala Investment Company, chaired the meeti...
Sharjah Investment Forum 2023 to Host 50 Global Speakers’ Lineup
2/6/2023 - The Sharjah Investment Forum (SIF) is taking place this week, bringing together over 1,600 attendees and 50 local, Arab, and international economic experts and decision-makers.

The two-day ...
Abu Dhabi Islamic Bank Launches Customer Majlis Initiative
2/6/2023 - Abu Dhabi Islamic Bank (ADIB) hosted its Customer Majlis to facilitate dialogue between customers from all segments and the senior bank executives to further enhance its overall customer excellence.
DP World Reports Ahead of Market Volume Growth
2/6/2023 -  DP World Limited handled 79 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year 2022, with gross container volumes increasing by 1.4 percent...
Burjeel Holdings Announces New Joint Venture With Leejam, Marking Entry to Saudi Arabia
2/6/2023 - UAE-headquartered Burjeel Holdings today announced the signing of a Memorandum of Understanding to create a joint venture with Leejam Sports Company, the owner and operator of 155 ‘Fitness Time’ brand...

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