Abu Dhabi – Mubasher: United Arab Bank announced today, Monday, that it has joined as an official member of the UAE Trade Connect (UTC) platform, which follows the UTC digital trade platform, to the “e& Institutions” company and uses “blockchain” technology as the first service Commercial in the UAE to combat fraud in trade finance, … Read more
Abu Dhabi – Mubasher: Company profits declined” Buruj PLC, listed on the Abu Dhabi Stock Exchange, increased by 8% by the end of 2022, compared to 2021 profits. The company said in a statement that its profits decreased to 5.11 billion dirhams, equivalent to 1.393 billion dollars, by the end of 2022, compared to profits … Read more
Abu Dhabi – Mubasher: The value of the Norwegian Government Pension Fund’s investments in UAE companies’ shares reached 6.49 billion dirhams ($1.76 billion) by the end of 2022, an increase of 53% over the value of investments in 2021, which amounted to 4.24 billion dirhams ($1.15 billion). The market value of the Norwegian fund’s new … Read more
direct: Investors and economists are likely to push wage inflation in Britain to prompt the Bank of England to another sharp increase in interest rates this week. They also expect the Bank of England to raise key interest rates by half a point to 4% on Thursday, which would be the highest level since 2008 … Read more
Abu Dhabi – Mubasher: The assets of Islamic banks operating in the UAE rose to 607.8 billion dirhams at the end of last October, according to the latest statistics of the Central Bank. Central Bank statistics showed that the assets of Islamic banks increased during the first ten months of last year by about 17.5 … Read more
Dubai – Mubasher: The Dubai Purchasing Managers’ Index data for December 2022 revealed another sharp rise in production, but at the lowest rate since February 2022.. Firms continued to signal optimism about future production and viewed with some positivity the renewed decline in total cost pressures.. The main PMI recorded 55.2 points, and the index … Read more