Economics

DIFC successfully repays $700 million sukuk on schedule

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

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

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

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”