“Emirati Celebrity’s Extravagant Restaurant Bill Goes Viral: A Shocking Look at the UAE High Life”

2023-05-21 16:28:59 Al-Marsad Newspaper: An Emirati celebrity documented the value of the bill he ate some food with his friends in a restaurant, which amounted to 46 thousand dirhams. And the well-known Emirati video showed him asking his friend to finish his drink, saying to him: “By God, you do not look except when you … Read more

Salafin reports a +2.6% increase in its net banking income at the end of 2022

(Ecofin Agency) – In its financial results, counting for the 2022 annual financial year, and published on March 31, the BMCE Group subsidiary posted a slight increase in its profit, while its income and expenses increased significantly. The Moroccan consumer credit company Salafin declared for the year 2022, net banking income (NBI) of 399 million … Read more

54.6 billion loans to non-residents last year.

the date 3/4/2023 8:02:20 PM (MENAFN-Al-Bayan) Local banks expanded financing for non-resident customers by granting them 54.6 billion dirhams in new loans during 2022, bringing the total of those financing (cumulative balance), according to recent indicators of the Central Bank, by 31.2%, from 175.1 billion dirhams at the end of 2021 to 224.7 billion dirhams … Read more

Dubai.. A woman deceives a man and seizes 185,000 dirhams from him in an “unthinkable” way

Al-Marsad newspaper: An unknown woman was able to deceive a person of the nationality of an Arab country residing in the Emirates through the application of “Instagram”, and convinced him that she possesses wealth (which is 18 gold bars) located in an African country, and she needs 50 thousand dirhams to clear it customs, according … Read more

1.3 billion dirhams of local stock liquidity.

History 12/22/2022 7:37:45 PM (MENAFN– Al-Bayan) The local stock markets attracted liquidity that exceeded 1.3 billion dirhams yesterday, with its concentration mainly in financial, banking and real estate stocks. The liquidity was distributed by 1.06 billion dirhams in the Abu Dhabi market, and 242.5 million dirhams in the Dubai market after trading on 338.1 million … Read more

Household debt reaches 386 billion dirhams at the end of 2021, non-performing loans continue to increase

Household indebtedness increased further in 2021, as did the outstanding amount of non-performing loans which reached 38.9 billion dirhams, according to the latest joint report on the financial stability of Bank Al-Maghrib and of the Moroccan Capital Market Authority. The ninth report on financial stability, jointly prepared by Bank Al-Maghrib, the Moroccan Capital Market Authority … Read more

Russia does not want the dollar; Report that India paid dirhams for buying crude oil – Russia Crude Oil to India | Dirham

Dubai – News agency Archyde.com reported that India has made payments in dirhams for the import of crude oil from Russia. Although the cost was calculated in dollars, the payment was made in dirhams. Two refineries from India made money transactions in this manner as Russia demanded that they avoid exchange in dollars and pay … Read more

BAM: 7.1 billion dirhams of cash in circulation in April 2022

Kiosk360. According to data from Bank Al-Maghrib, the circulation of cash is still on the rise in April, reaching 7.1 billion dirhams in value, or 2.2% compared to March. This article is a press review of L’Economiste. Cash in circulation continues its upward trend in April 2022, reports The Economist in its publication of this … Read more