Total spending using international cards in the UAE witnessed a growth of over 25% during the year 2023, a report said.
Category: Economy
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Gold prices in Dubai Wednesday 13 March 2024
Gold prices in Dubai, the United Arab Emirates (UAE) today, Wednesday, March 6 opened at a selling price of AED 7930.93 per ounce
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UAE construction market valued at $94 billion in 2023: Report
The UAE construction market size was $94 billion in 2023 and the market will achieve an AAGR of more than 3% during 2025-2028, according to a report released by GlobalData, a data analytics and consulting company, headquartered in London.
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Gold prices in United Arab Emirates Today Monday 11 March
Gold prices in the United Arab Emirates (UAE) today, Monday, 11 March , opened at a selling price of AED 8002.76 per ounce, according to UAEgoldprices.com.
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Sharjah real estate transactions hit AED 3.1 billion during February
The Real Estate Transactions and Mortgages Movement report issued by the Sharjah Real Estate Registration Department revealed a trading volume of AED 3.1 Billion with 4,458 real estate transactions in February 2024 across various regions and cities.
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Public expenditure of Arab countries hit $957.5 billion in 2022: AMF
The Arab Monetary Fund (AMF) revealed that the total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to $878.9 billion in 2021.
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AED210.7 billion total capital of new economic licences in 2023
The Abu Dhabi's “Business Activity Report” for the year 2023, issued by the Abu Dhabi Department of Economic Development (ADDED), has reported annual growth of major indicators, emphasising the business ecosystem's attractiveness and its ability to attract quality investments, supported by the Emirate's strong economic growth, especially within non-oil sectors which contribute 52.8% of Abu Dhabi's GDP.
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Gold prices surge to $2,025.99 per ounce
Gold prices rose on Monday, with spot gold increasing 0.4% at $2,025.99 per ounce by 0403 GMT.
According to Reuters, US gold futures rose 0.4% to $2,025.20.
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Dubai to benefit from record 349 business event wins in 2023
Dubai further consolidated its status as a central hub for international business events in 2023, with the city winning a record 349 bids to host international conferences, congresses, meetings, and incentive travel programmes.
Driven by Dubai Business Events (DBE), the city's official convention bureau, the wins reflected a robust 49% increase in successful bids compared to 2022. These events captured in 2023 are set to attract over 191,000 international delegates.
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UAEFTS records AED15.4 trillion in banking transactions for Jan-Nov 2023
The value of transactions conducted in the banking sector within the country through the UAE Funds Transfer System (UAEFTS) rose to approximately AED15.4 trillion during the first 11 months of 2023, according to the latest statistics from the Central Bank of the UAE (CBUAE).