Economy

Auto loans declined by 7.6 percent while property financing increased 2.9 percent during 2019, according to the statistics of the Central Bank of the United Arab Emirates. The apex bank’s figures indicated a drop of 2.3 pct in retail loans allocated to households in a sign reflective of an increased …

The Ajman Chamber of Commerce and Industry, ACCI, has renewed the call to its members from companies and factories to participate in the Ajman Chamber Business Award, which will be organised under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman. The …

Arabs traded to the tune of AED15.4 bn of shares during the first nine months of 2020, or 8.3 percent of the total value of transactions conducted across the Abu Dhabi and Dubai financial markets during this period, which stood at AED184 bn, according to the figures released by the …

The UAE ranked first in the Arab region and one of the best in the world in the “World Digital Competitiveness Ranking 2020” issued by the IMD World Competitiveness Centre in Lausanne, Switzerland. The UAE, which ranked 14th globally, ahead of countries such as Australia, China, Germany, France, Japan and …

Renewable energy continues to bring socio-economic benefits by creating numerous jobs worldwide, according to the latest figures released by the International Renewable Energy Agency, IRENA. The seventh edition of Renewable Energy and Jobs – Annual Review shows that jobs in the sector reached 11.5 million globally last year, led by …

Fuel prices for the month of October 2020: Super 98: Before: 1.91 AED/L After: 1.91 AED/L Special 95: Before: 1.80 AED/L After: 1.80 AED/L Diesel: Before: 2.06 AED/L After: 2.06 AED/L

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, today chaired the 59th meeting of the Gulf Cooperation Council, GCC, Commercial Cooperation Committee, under the framework of the UAE’s presidency of the current session of the GCC. The meeting, which was held via videoconferencing today, with the …

The Decree of Federal Law No. 06 for 2020, stipulating equal wages for women and men in the private sector, will come into force on Friday, 25th September. Article 01 of the decree-law, issued by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, stipulates that the provisions of Article …

The Abu Dhabi National Exhibitions Company (ADNEC), part of ADQ, has acquired the International Exhibition for National Security and Resilience, ISNR Abu Dhabi. The leading conference in the MENA region that covers the security equipment sector, including device manufacturing and security technology development, will join the portfolio of leading international …

 To the tune of AED43.13 billion in cash dividends for 2019 have already been paid out by Abu Dhabi Securities Exchange and Dubai Financial market to more than 700,000 investors on behalf of to the companies listed in the two capital markets, according to data released by the two bourses. …