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Economy
AD Ports Group generates 22.9 percent of Abu Dhabi’s non-oil GDP: Report
Group’s 2022 activity supported around 398,400 jobs across the UAE, or 14.1 percent of total employment in the non-oil sector
Markets
UAE, global gold prices edge down on stronger dollar
Recent gains place the dollar on track for its best month since April 2022
Economy
Oil prices plummet as Middle East tensions ease, demand outlook weakens
Brent Oil Futures set to expire in December decreased by 4.1 percent, closing at $72.97 a barrel
MENA
ADPF partners with Aldar for pensioner discounts, benefits via ‘Darna’
The Darna platform will offer pensioners and beneficiaries customized discounts and promotions
Economy
UAE signs two agreements with IMF to support PRGT, RST funds
At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT
Economy
Oil prices surge with notable weekly gains as traders react to supply concerns, mixed economic signals
Brent crude futures for December delivery rose 0.4 percent to $74.70 per barrel
Economy
Middle East economic confidence improves: Non-oil economies driving growth amid global volatility
New survey highlights marked improvements in the region’s Capital Expenditure and Employment indices
Banking & Finance
CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024
SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June
Economy
UAE drives regional economic growth: Insights from LSE Deputy CEO
The country has successfully completed 37 bond issues amounting to a total of $18.51 billion
Banking & Finance
Abu Dhabi Commercial Bank announces H1 2024 net profit after tax of $1.2 billion
Customer deposits in current and savings accounts totaled AED169 billion by the end of September 2024
Economy
Dubai reveals #ZayedAndRashid campaign: A celebration of national unity, cultural heritage across emirates
The campaign coincides with UAE Flag Day and 53rd Eid Al Etihad celebrations
Banking & Finance
Islamic treasury bonds auction for October 2024 attracts $1.96 billion in bids
The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029
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