Net international reserves of the UAE’s banking sector increased by 11.1%, or AED127.5 billion, during the first seven months of 2024, reaching AED1.273 trillion at the end of July, compared to AED1.145 trillion at the end of 2023.
Tag: Economy
Dubai Taxi reports 20% growth in EBITDA
Dubai Taxi Company (DTC) announced robust financial results for the nine-month period ending September 30, 2024.
UAE Central Bank announces M-Bills auction on November 11
The Central Bank of the UAE (CBUAE) on Thursday announced an auction of Monetary Bills (M-Bills) on 11th November.
Agthia’s net profit surges by 24.0% YoY
Agthia Group PJSC today announced its financial results for the first nine months of 2024, marking a period of solid growth across all its business segments.
Biban24 forum emerges as global destination for opportunities
The Biban24 forum, organised by the Small and Medium Enterprises General Authority (Monsha'at) under the slogan, Global Destination for Opportunities, opened in Riyadh on Tuesday.
‘TA’ZIZ’ announces over $2 billion awards for key infrastructure projects
TA’ZIZ, a joint venture between ADNOC and ADQ, announced today engineering, procurement and construction (EPC) contracts valued at more than US$2 billion (AED7.34 billion) for the development of essential site infrastructure to advance the TA’ZIZ chemicals and transition fuels ecosystem under development in Al Ruwais Industrial City, Al Dhafra Region of Abu Dhabi.
Ajman, Hong Kong chambers discuss investment opportunities
A delegation from Ajman Chamber has discussed with the Hong Kong General Chamber of Commerce (HKGCC) ways to enhance economic cooperation and develop the volume of inter-trade between Ajman and Hong Kong.
DEWA urges customers to take precautionary measures ahead of rainy season
Dubai Electricity and Water Authority (DEWA) has called on its customers to take proactive steps and implement the necessary precautionary measures before the start of the rainy season.
SCA launches 2nd edition of Financial Market Pioneers Programme
The Securities and Commodities Authority (SCA) has welcomed a group of young Emiratis to the second edition of its Financial Market Pioneers Programme at its Dubai branch, aiming to equip Emirati cadres for careers in the UAE's financial sector.
Dubai Chambers signs MoU with DMCC to support attraction of digital investments
Dubai Chambers has signed a Memorandum of Understanding with DMCC (Dubai Multi Commodities Centre) aimed at enhancing Dubai’s position as a global destination for digital investments.