Economy

Fuel prices for November 2021 (Liter / AED): Super 98: Before: 2.60 AED/L After : 2.80 AED/L Special 95: Before: 2.49 AED/L After : 2.69 AED/L Diesel: Before: 2.51 AED/L After : 2.81 AED/L

GlobalFoundries (GF), a global leader in feature-rich semiconductor manufacturing, made its market debut on the Nasdaq, under the ticker symbol GFS, Thursday. The had chipmaker earlier announced the pricing of its initial public offering of 55,000,000 ordinary shares, 30,250,000 of which are being offered by GF and 24,750,000 of which are …

The Abu Dhabi National Exhibitions Company (ADNEC) announced today the launch of its plan for expanding the facilities and infrastructure of the group’s centres in Abu Dhabi and London, in a step that will significantly contribute to reaffirming its leading global position in the business tourism sector. The expansion plans …

The past months leading up to the launch of the global event Expo 2020 Dubai witnessed an exceptional growth in general in real estate sales transactions in terms of volume and value. However, September 2021 recorded greater achievements, with recording the highest value of real estate sales in one month …

Sharjah Islamic Bank has announced that its board of directors agreed to raise the percentage of foreign ownership in the bank’s shares to 40 percent. This comes in preparation for submitting it to the bank’s general assembly to discuss and take the appropriate decision. Such an important step comes in …

A total of AED151 million worth of 243 real estate transactions were conducted in Ras Al Khaimah in September, according to a report issued by the Lands and Properties Department at the emirate’s municipality. Al Jazirah Al Hamra area was the best performer according to the report, recording 83 sales …

ADNOC Distribution has continued its expansion in the Northern Emirates with two further openings in Sharjah, the Al Talaaa and Al Madean stations, both located in the Industrial Area. The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and neighborhoods. …

 Consumer confidence in Dubai moved to its highest level in 10 years during the third quarter of 2021, the Consumer Confidence Index tracked by Dubai Economy showed. During the quarter the Index rose two points from the previous quarter and 21 points compared to the same quarter of 2020. The …

AD Ports Group today announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million (USD 499 million) compared with AED 1,517 million (USD 413 million) in the first half of 2020, driven by organic growth, …

 The Central Bank of the United Arab Emirates (CBUAE) said today that total bank deposits increased by 0.7%, rising from AED 1,915.1 billion at the end of July 2021 to AED 1,928.7 billion at the end of August 2021. In a statement today, the apex bank attributed the rise in …