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Economics
Banking & Finance
DIFC successfully repays $700 million sukuk on schedule
The Sukuk was issued to fund the Centre’s expansion, including Gate Avenue
Energy
Oil prices decline as China’s stimulus underwhelms, Hurricane Rafael’s on U.S. production remains minimal
Brent oil futures for January dropped 0.2 percent to $73.72 per barrel
Banking & Finance
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
Economy
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
Industry
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
Energy
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
Economy
Oil prices dip slightly but expect positive weekly gains amid OPEC+ delay, U.S. supply disruptions
January Brent oil futures slipped 0.3 percent to $75.44 per barrel
Banking & Finance
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
Banking & Finance
Dubai Taxi Company’s revenue rises 13 percent YoY to $435.6 million in first 9 months of 2024
EBITDA grew 20 percent YoY during this period to $117.6 million
Economy
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
Banking & Finance
UAE Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration
This measure allows updates without penalties for failing to notify the FTA
Economy
Sheikh Hamdan launches ‘71 Challenge’ to empower young government leaders
Sheikh Hamdan: “Young people are the driving force behind our nation's progress, fuelling its development and innovation”
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