Category: Economy

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.

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.

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.

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).

The total number of US$10 million plus home sales in Dubai grew by 92.4%to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank.

The total value of sales above this price point grew by 91% last year to US$ 7.6 billion, 28% of which was achieved in Q4 alone.

Dubai's non-oil private sector grew robustly in December, with activity reaching its highest level in 16 months as new orders rose and cost pressures eased.

Gold prices in Dubai, the United Arab Emirates (UAE) today, Sunday, January 7, opened at a selling price of AED 7512.97 per ounce

Gold prices in Dubai, the United Arab Emirates (UAE) today, Tuesday, December 26, opened at a selling price of AED 7581.14 per ounce, according to UAEgoldprices.com.

Mohamed Ali Al Janahi, Executive Director of the Member Support Services Sector at the Ajman Chamber of Commerce and Industry

Sharjah Economic Development Department (SEDD) has organised a Business-to-business (B2B) meeting to consolidate relations between business partners and provide all forms of support necessary to develop the entrepreneurship sector in the Emirate of Sharjah.