Economy

Arab stock markets soared to record highs in 2023, with combined gains of $493 billion (AED 1.81 trillion), propelled by strong performances in the UAE and Saudi Arabia. The market capitalisation of Arab stock exchanges rose to about 4.558 trillion, 216 million, and 586 thousand dollars at the end of …

The Ministry of Finance announced the issuance of Federal Decree-Law No. 11 of 2023 on Federal Government Procurement, which sets the general framework for the procurement of products and services in the UAE’s government. The law, based on advanced and flexible international best practices, aims to define the principles, controls, …

Super 98: Before: 2.96 AED/L After: 2.82 AED/L Special 95: Before: 2.85 AED/L After: 2.71 AED/L Diesel: Before: 3.19 AED/L After:  3 AED/L

The UAE insurance sector continues to exhibit robust growth, as evidenced by a 9.6% increase in total assets during the first nine months of 2023, reaching AED 131.6 billion by the end of the third quarter. This translates to an impressive AED 11.5 billion increase in assets compared to the …

UAE stocks bolstered their gains on Wednesday, with their market capitalisation rising by over AED2.84 billion. The market capitalisation of listed stocks grew from AED3.609 trillion yesterday to AED3.612 trillion by the close of today’s trading, divided into AED 2.932 trillion for stocks listed on the Abu Dhabi Securities Exchange …

Gold prices settled today, Wednesday, amid low trading volume and expectations of the Federal Reserve System of the US reducing interest rates in the first quarter of 2024 and the general weakness of the dollar. The price of gold stabilised in spot transactions at $2066.86 per ounce. US gold futures …

UAE stocks generated strong cash flows Monday, with market liquidity surpassing AED1 billion. International Holding Company (IHC) and Dubai Electricity and Water Authority (DEWA) topped the market in terms of number of transactions. The Abu Dhabi Securities Exchange (ADX) gained AED 885.8 million in liquidity, as compared to the AED …

Institutional investors have notably boosted their acquisition of domestic stocks in 2023, enticed by the diverse investment prospects and the opportunity to engage in the strong expansion of the country’s economy. Furthermore, prominent global and regional institutions consider local listed companies highly attractive for their investment strategies. Data from the …

The United Arab Emirates has cemented its position as the most economically competitive nation in the Arab world, securing the top spot in the latest Arab Economic Competitiveness Index released by the Arab Monetary Fund (AMF). This dominant performance, highlighted in the seventh edition of the AMF’s Arab Economic Competitiveness …

The Central Bank of the UAE (CBUAE) has said that despite the continuing global uncertainty and tight monetary stances worldwide, the UAE real estate sector continued its good performance in the period from July to October 2023. The Central Bank, in its quarterly economic review 2023, explained that in the …