Economy

The benchmark Dubai crude oil futures contract on the Tokyo Commodity Exchange, or TOCOM, surged on Monday, posting the biggest-ever daily increase of over 10,000 yen per kiloliter. The rise came as concerns grew further over the disruption of crude oil supply from Russia due to the deteriorating situation over …

The Central Bank of the UAE (CBUAE) has won the leading federal entity award for best performance improvement in the sixth cycle of the Mohammed bin Rashid Government Excellence Award, under the umbrella of Sheikh Khalifa Government Excellence Programme, during a ceremony held at Expo 2020 Dubai. Obtaining this award …

 The price of OPEC basket of thirteen crudes stood at US$112.20 a barrel on Wednesday, compared with US$103.89 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light …

 H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved the launch of the “Savings Scheme for Foreign Employees in the Government of Dubai” to enhance the end-of-service benefits system. The Scheme will be supervised by the Dubai International Financial Centre …

H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), chaired the meeting of the board, held today in Qasr Al Watan. Sheikh Mansour welcomed the meeting’s participants and thanked the Central …

Dubai’s real estate market recorded 294 sales transactions worth AED666.33 million and mortgage deals of AED915.77 million in addition to seven gift transactions amounting to AED9.84 million Monday, data released by the emirate’s Land Department (DLD) showed. The sales included 265 villas and apartments worth AED556.45 million, and 29 land …

Fuel prices for the month of March 2022: Super 98: Before: 2.94 AED/L After : 3.23 AED/L Special 95: Before: 3.23 AED/L After : 3.12 AED/L Diesel: Before: 2.88 AED/L After : 3.19 AED/L

The total value of the UAE’s non-oil foreign trade in 2021 amounted to nearly AED 1.9 trillion, reflecting a 27 percent growth compared to 2020, and by 11 percent compared to 2019, as the growth was consistent across all areas of trade, including exports, imports and re-exports. The individual non-oil …

The real estate and properties transactions valued at AED7.1 billion in total during the week ending 25 February 2022, according to Dubai Land Department (DLD). The DLD weekly real estate report sum of transactions was 2,064. 300 plots were sold for AED2.58 billion, 1,382 apartments and villas were sold for …

Gold prices popped higher on Thursday as traders sought safe-haven plays with Russia invading Ukraine. Spot gold prices popped 2.1% to $1,970 an ounce, hovering around a one-year high. The move in gold comes alongside a major risk-off trade in markets globally as Russia launched an attack on Ukraine. Dow Jones …