Economy

After receiving the necessary regulatory permissions, the Tadawul-listed company changed its name from AXA Cooperative Insurance Company to Gulf Insurance Group in June 2022.

The dollar index, which compares the value of the dollar to six important rivals, increased by 0.1% to 102.400.

A cash dividend of EGP 79.20 million, or 15% of the capital, was approved by the shareholders of Zahraa Maadi Investment and Development for 2022.

Gold's spot price dropped by 0.3% to $1,952.00 per ounce. and Palladium lost 0.7% to $1,400.65, platinum was down 0.5% to $977.25, and spot silver down 0.7% to $23.98 per ounce.

The IMF is pushing for central banks to concur on a standard regulatory framework for virtual currencies that will enable interoperability on a worldwide scale.

The banking industry is still strong, and profitability has increased from epidemic lows.

Despite unpredictable oil prices and expectations for additional Chinese support, the Gulf's stock markets finished Monday with mixed results, with Qatar and Abu Dhabi finishing higher and Saudi Arabia and Dubai declining.

Following the US Federal Reserve's decision to stop raising interest rates, gold prices fell by over three dirhams per gramme in the UAE on Thursday morning.

This collaboration represents a key step in Mastercard's continuous commitment to advance digitalization in the region's payments sector.

The three largest hypermarkets in the UAE will be highlighted in the paragraphs that follow, along with the most recent promotions for these sizable establishments.

The central bank will keep the cost of borrowing short-term liquidity from the CBUAE at 50 basis points over the base rate for all open credit facilities.

By 2030, it is anticipated that close to 450,000 hotel room keys would be distributed in Saudi Arabia; in contrast, the UAE will have a combined total of about 200,000 rooms, including 140,000 keys for Dubai.

The new international brand, which Azizi will soon launch, will be used to develop and buy hotel properties that it would later own and operate.

According to the World Bank, food prices are expected to drop by 8% this year and 3% in 2024.

Emirates will soon open a new City Check-in and Travel Store in the centre of Dubai's thriving business area. Here, clients will be able to effortlessly plan travel, check-in for flights, drop off luggage, buy travel necessities, and avoid long...

According to data supplied by Dubai's Land Department (DLD), the real estate market in Dubai had 533 sales transactions worth AED1.24 billion on Thursday, along with 129 mortgage deals totaling AED239.19 million and 21 gift deals totaling...

The Abu Dhabi Stock Exchange closed 0.773% higher on Thursday, with the DFM reaching a one-year high, driven by strong advances in the banking sector as a result of excellent results reports.