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Accounting, Statistics News in United Arab Emirates

Money Supply up to AED 59.4 bn by March end: Central Bank
5/7/2013 - Central Bank of the UAE announced that money supply M0 (currency in circulation + currency at banks) increased by 1.0% from AED 58.8 billion at the end of February 2013 to AED 59.4 billion at the end ...
DIC and DOZ Record 15% Growth in 2012
4/9/2013 - Dubai Internet City (DIC), the MENA region's largest IT cluster, and Dubai Outsource Zone (DOZ), the world's first freezone dedicated to the outsourcing industry, has announced growth of 15% as 160 ne...
UAE Exports Grows 61% to Dhs135.7bn
3/13/2013 - The UAE non-oil exports show a flat and stable growth, confirming the good reputation of these exports in the global markets, said the Federal Customs Authority (FCA) in a press release. "The value of...
Inflation in Dubai down 0.03% in February
3/13/2013 - Overall inflation of Consumer Price Index (CPI) in Dubai dropped by 0.03% in February 2013 compared to the same period in 2012, driven by a drop in prices of the food and drinks group by 0.75, miscell...
CPI in Dubai up 0.53% in January
3/3/2013 - Inflation of Consumer Price Index in Dubai rose 0.53% in January compared to December 2012 driven by increases in the groups of Transport by 1.61%, Housing, Water, Electricity, Gas, and other Fuels by...
RAK Properties' Net Profit Rose 35.6 Per cent in 2012
2/13/2013 - Net profit of RAK Properties in fiscal year that ended on 31st December 2012 rose 35.6 percent to reach Dh147 million, compared to Dh108.4 million in 2011. Mohammad Sultan Al Qadi, Managing Director a...
Dubai Islamic Bank 2012 Net Profit Rises to AED 1.19 Billion
2/6/2013 - Dubai Islamic Bank (DIB) group has reported a net profit of AED 1.19 billion in 2012, compared to AED 1.05 billion in 2011, an increase of 13 per cent. DIB's Board of Directors also recommended the di...
NBAD Reports AED 4.3 Billion Net Profits in 2012
1/29/2013 - The National Bank of Abu Dhabi (NBAD) earned AED 4,332 million for the year ended 31 December 2012, up 16.8% from AED 3,708 million for the year ended 31 December 2011. This represents diluted EPS of ...
ADFD Signs MoU on UAE's $1.25bn Grant to Jordan
1/22/2013 - Under the directives of the President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Abu Dhabi Fund for Development (ADFD) signed a memorandum of understanding (MoU) on a grant committed by the UAE ...
DCCI's Exports to GCC Countries Grew by 51 Percent in 2012
1/20/2013 - Value of exports of 11,110 of Dubai Chamber members to 210 destinations in 2012, based on a data of the Certificates of Origin (COs) issued during the year, reached a record high of AED 268 billion wi...
Omani-Malaysian Trade up 16.1% in 2011 to $740.5 Million
1/2/2013 - Trade between Oman and Malaysia rose to $740.5 million in 2011 from $265.3 million in 2010, an increase of %16.1. Omani ambassador in Malaysia Aflah Mohammed Al Ta'ai stated that Malaysian exports to ...
Central Bank: Money Supply Increases to AED 57.2 Billion
12/24/2012 - Central Bank announced that money supply M0 (currency in circulation + currency at banks) increased by 4.4% from AED 54.8 billion at the end of September 2012 to AED 57.2 billion at the end of October...
DED Sees 15% Increase in Licenses during November 2012
12/24/2012 - The Department of Economic Development (DED) witnessed a 15 per cent increase in licenses issued in November 2012 compared to the same month of 2011 as economic activity continued to pick up steam in ...
Industrial Exports Grew by 16.1 Percent in 2011
12/16/2012 - The Ministry of Foreign Trade has affirmed that the UAE's non-oil sectors are continuing to witness many positive developments and achieve high growth rates in comparison with previous years, stating ...
UAE GDP Growth to Hit 4.5% in 2012
12/9/2012 - The UAE's gross domestic product (GDP) growth is expected to reach 4.5 per cent by the end of the current year, surpassing last year's estimates of 4.1 percent, the Ministry of Economy said. The lates...
Emirates Group Posts AED 2.1 Billion Net Profit
11/12/2012 - The Emirates Group today announced its half yearly results posting a AED 2.1 billion (US$ 575 million) net profit for the first six months of its current fiscal year ending 30th September, up 68 per c...
Waha Capital Reports Net Profit of AED 27.5 Million
11/12/2012 - Waha Capital PJSC, a company based in Abu Dhabi, reported a net profit of AED 27.5 million for the third quarter of 2012 compared with a net profit of AED 26.6 million in the same period of 2011. The ...
Emirates Steel Increases Production By 33%
11/11/2012 - Emirates Steel has announced the increase in its steel production volume by 33% through the end of Quarter 3, 2012. Owned by Senaat GHC, the Company has increased its dispatch of prime quality finishe...
DIB Reports Net Profit of AED 854 Million
11/4/2012 - Dubai Islamic Bank (DIB) announced its financial results for the period ending September 30, 2012, reflecting the bank's continued focus on strengthening its core operations through optimal utilizatio...
Dubai Receives 142,000 Food Shipments
9/20/2012 - The number of food shipments coming to Dubai through Dubai ports during the first half of the current year amounted to 142,010 shipments, and the applications for the food label during the same period...

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