The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED17.413 billion by the end of March 2023, a YoY growth of 38 percent. The apex bank in its latest figures showed that Read More
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of the Dubai International Financial Centre (DIFC), met Read More
Dubai Chambers has announced the opening of a new international office in Sydney, Australia, by Dubai International Chamber, one of the three chambers operating under Dubai Chambers. In addition, a Memorandum of Understanding (MoU) has Read More
The Statistics Centre – Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report for 2022, unveiling a 9.3% growth by the end of the year, compared to 2021. The new figures position the emirate as the Read More
The assets of Islamic banks operating in the country increased to 620.9 billion dirhams at the end of last January, with an annual growth rate of 5.6% or higher, 31.2 billion dirhams, compared to about 589.7 billion dirhams in Read More
Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has arrived at Kazakhstan, the second destination in the New Horizons Trade Mission to Central Asia. The event brought Dubai-based companies to discuss Read More
The World Bank approved US$250 million in additional financing for the Education Support Program in Morocco, adding to the initial US$500 million Program approved in 2019. This financing is intended to support the Government of Morocco Read More
The Saudi Arabian Oil Company (Aramco or the Company) today announced its full-year 2022 financial results, reporting a record net income of $161.1 billion — its highest annual profits as a listed company. Aramco also declared a fourth Read More
Launching a global marketing agency can be a daunting task, but for Seif El Hakim, it’s a challenge he’s more than up for. The former Chief Marketing Officer of Samsung has recently announced Read More
Dubai-based airline flydubai has reported historic profits of AED1.2 billion (US$327 million) for the year ending on 31st December 2022, representing a 43% increase from 2021. The carrier’s total annual revenue grew by 72% to AED9.1 billion (US$2.5 Read More
