business

Top 5 market highlights to monitor this week

Investors are focusing on upcoming inflation data for clues on how the economy may shift after the election results 

Oil prices steady as China’s stimulus disappoints, U.S. supply fears ease

Brent oil futures for January increased by 0.2 percent, reaching $71.95 a barrel

Abu Dhabi’s ascent continues as the ‘Falcon Economy’ soars

Expanding non-oil sectors and thriving financial landscape propel the UAE capital’s growth

The enduring appeal of physical payment cards in the UAE’s digital future

67 percent of country’s residents still carry two or more physical cards

Stablecoins: The future of payments or a looming threat?

In 2023, the global market capitalization of stablecoins exceeded $130 billion

aiBANK is now Bank NXT: What lies ahead for EFG Holding’s commercial banking unit?

Rebranding reflects bank’s dedication to advancing banking standards and delivering value to clients, stakeholders and communities

Almal Real Estate Development elevates UAE’s property market with luxury developments

Company’s projects include Harrisoni La Mer and The Unexpected Al Marjan Island Hotel and Residences

Dubai’s real estate is on a winning streak

Companies like DAMAC leverage this boom with the launch of new projects

ADREC: Championing transformation of Abu Dhabi’s real estate sector

Outlines strategies and steps for innovation and future growth

Binghatti’s AED40 billion portfolio boasts lifestyle-centric projects

Keen on carving its own niche in Dubai’s highly competitive real estate market

DIFC successfully repays $700 million sukuk on schedule

The Sukuk was issued to fund the Centre’s expansion, including Gate Avenue

Dubai’s Spinneys announces record $626.2 million revenue for nine months, pre-tax profit climbs to $55.3 million

Adjusted EBITDA up 8.8 percent YoY with an industry-leading EBITDA margin of 18.3 percent

ADNH Catering reports $326.7 million revenue for nine months, confirms $16.3 million dividend for FY 2024

The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent

DFM records $10.5 million in major trades on Al Ansari, Ajman Bank

29.1 million shares of Al Ansari were traded for AED28.5 million at AED0.97 each 

ADIPEC 2024: ADNOC awards $196.2 million contracts to 11 companies for manufacturing in UAE 

Awards for a wide range of products enabled by the company's In-Country Value (ICV) program

ADIPEC 2024 sets new records, unites industries to drive sustainable socioeconomic advancement

Under the theme ‘Connecting Minds. Transforming Energy,’ ADIPEC 2024 drew a record 205,139 participants from 172 countries 

UAE’s banking sector net international reserves up 11 percent to $346.58 billion by end July 2024

CBUAE’s gold reserves grew by 23.5 percent YoY, reaching AED21.28 billion by the end of July

September 2024 passenger demand soars with 7.1 percent growth in RPKs: IATA

In terms of total capacity, evaluated through available seat kilometers (ASK), there was a year-on-year increase of 5.8 percent 

Bank of England lowers interest rates to 4.75 percent, anticipates gradual cuts ahead

This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August

UAE launches $136.1 million community initiatives to enhance well-being of senior citizens, women, and children

These initiatives offer a framework for long-term impact by developing human capital