The company’s revenue for the first half of the year stood at $5bn, compared to $2.9bn in H1 2021
Founder and CEO of VI Markets, Talal Al Ajmi tells us how investing in technology has been key to his company’s growth
Higher rates weigh on non-interest bearing bullion
Emaar will receive the equity value as the cash consideration
Bullion is trading near a two-week low amid an ongoing discussion on whether the Fed will shift to less aggressive rate hikes
According to the AMF’s outlook, Arab countries are expected to face relatively high inflation rates in 2022 due to local and global inflationary pressures
The construction sector accounted for the largest chunk of new work permits issued during the second quarter of 2022
Fitch raised Oman’s long-term foreign-currency rating by one notch to BB
Investors are also facing the prospect of rising supply as demand moderates
Under the new resolution, establishments may provide a bank guarantee, valid for one year, of no less than Dhs3,000 for each worker, paid through a UAE-based bank
Public spending included Dhs28.7bn spent on employee compensation payments compared to Dhs24.6bn in the same reporting period in 2021
EDB mobilised Dhs351m in capital in H1 2022 to support SMEs via its credit guarantee scheme
The cumulative FDI balance received by the UAE also increased by 141.6 percent from 2011 to 2021
Gold climbed as the dollar and bond yields retreated, with investors assessing US-China tensions and an apparent hawkish turn from the Federal Reserve
Non-oil trade between the two countries witnessed a 119 per cent growth in Q1 2022 compared to the same period in 2021
Borouge reported that the adjusted EBITDA increased 1.7 per cent to $1,512m, whilst net income increased 2.5 per cent to $853m
Emirates NBD played a leading role in both the DEWA and TECOM IPOs, delivering customers a fully digital platform
The report also pointed out that the market value of the Dubai Financial Market increased by some $24.45bn
Saudi Arabia, Bahrain and the UAE moved in lockstep with the US central bank, raising their benchmarks by 75 basis points
Equities and investment funds, the largest asset class of total personal wealth at 64 per cent in 2021, are expected to grow the fastest in 2026 with a CAGR of 8.8 per cent
Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April
The European Central Bank (ECB) raised its key interest rate by 50 basis points, the first increase in 11 years, as it confronts surging inflation
Gold has lost more than $110 in July alone as traders increased bets on a full percentage-point increase in US rates
The ICV programme is a pillar of the national industrial strategy and benefits certified companies by increasing local demand for their products and services
Traders are awaiting more clarity on central bank action to tackle searing inflation
Bullion is hovering above the $1,700 an ounce level as it continues be pressured by the strength in the US dollar
An 80 per cent year-over-year surge in new members was recorded between January and June 2022
Gold slumped below $1,700 an ounce on Thursday for the first time in almost a year
Bullion on Wednesday bucked a downward trend that’s seen it slide for four consecutive weeks
All major groups in the S&P 500 retreated with losses in megacaps like Tesla and Apple weighing heavily on trading