business

CBUAE projects UAE GDP growth of 4.7 percent in 2025, 5.7 percent in 2026

The UAE's non-oil trade surpassed AED2 trillion in the first nine months of 2024

Dubai Land Department launches ‘Tayseer’ initiative to ease payment of currently overdue service fees

Unit owners can settle outstanding service fees with flexible six-month payment plans through management companies

Fitch affirms RAKBANK’s BBB+ long-term issuer default rating with stable outlook

The bank's asset quality improved with declining non-performing loans and strong loan-loss coverage ratios

UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration

President El-Sisi held Ramadan Iftar banquet in honor of the UAE president

UAE gold prices down AED1.75, global rates rise on Fed optimism

Spot gold was up 0.1 percent at $3,025.12 an ounce

Oil prices slip to $71.88 amid Trump tariffs, Russia-Ukraine talks

West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel

Egyptian banks report record profits of $10.6 billion in 2024

The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion

Bank of England: Pound falls as interest rates remain unchanged amid global trade concerns

Yields on British gilts slip slightly, with 10-year yield recorded over four basis points lower

DP World launches deep-water port project in Congo

This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy

Asian stock markets mixed after China central bank keeps rates steady

Downward trends followed Beijing's decision to maintain the five-year and one-year loan prime rates at 3.6 percent

Dubai ranks 5th globally for FinTech for the first time: Global Financial Center Index

Dubai was the only financial city in the region to rank in the top 15 for global competitiveness across multiple categories

UAE’s eInvoicing program: New portal, stricter criteria to boost financial efficiency

Accreditation is valid for two years; service providers must submit renewal applications before expiration