The Central Bank of the UAE announced that the money supply aggregate M1 increased by 3.7%, from AED847.0 billion at the end of February 2024 to AED878.1 billion at the end of March 2024.
Category: Economy
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Etihad Cargo ramps up belly hold cargo capacity with summer schedule
Etihad Cargo, the cargo and logistics arm of Etihad Airways, will provide its customers and partners with increased belly hold cargo capacity across its global network starting from June 2024.
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Global Markets – Asia stocks cautious as EU politics muddies the mood
Asian stocks were in a guarded mood on Tuesday as investors pondered fresh political uncertainty in European markets, Reuters reported.
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Kuwait oil price up 12 cents to US$82.56
The price of Kuwaiti oil went up by 12 cents to US$82.56 per barrel on Monday from US$82.44 pb last Friday, said the Kuwait Petroleum Corporation (KPC) on Tuesday.
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ADNOC Drilling and Alpha Dhabi’s ‘Enersol’ joint venture increases equity stake in Gordon Technologies to 67.2%
ADNOC Drilling Company and Alpha Dhabi Holding announced today that their joint venture Enersol RSC LTD has agreed to acquire an additional 42.206% equity stake in Gordon Technologies LLC for consideration of approximately $270 million, making Enersol the majority equity holder.
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Bayanat, IMKAN to develop smart mobility infrastructure project on ‘SHA Island Emirates’
Bayanat and IMKAN Properties today signed a Memorandum of Understanding for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf.
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Global Markets – Asia shares stumble, political uncertainty rattles euro
Asian stocks sank on Monday as traders heavily pared back bets for Federal Reserve rate cuts this year given a still-tight U.S. labour market, Reuters reported.
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Japan January-March economic contraction revised to annualised real 1.8%
Japan's economy shrank an annualised real 1.8 percent in the January-March quarter, revised up from its earlier reading of a 2.0 percent decline, as corporate capital spending fell less than initially thought, the Cabinet Office said Monday.
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ADNOC fully redeems Exchangeable Bonds in ‘ADNOC Distribution’
Abu Dhabi National Oil Company (ADNOC) PJSC (ADNOC) confirmed that it has redeemed in full its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution).
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E7 Group to invest AED182 million in security solutions business segment
E7 Group today announced plans to invest AED182 million (approximately US$50 million) in ambitious organic growth initiatives across its security solutions business segment, E7 Security.