The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
Category: Economy
Post
Post
ADGM Academy, Ethara sign MoU to develop next-gen Emirati talent
Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre of Abu Dhabi, announced the signing Memorandum of Understandings (MoUs) with Ethara, the region’s leading live event management company and venue operator.
Post
DEWA ranked second in region for brand value: Brand Finance report
The Dubai Electricity and Water Authority (DEWA) has achieved impressive rankings across various indicators in the Brand Finance Middle East 150 report for 2024.
Post
CBUAE issues summary report of monetary, banking developments for March 2024
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.
Post
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.