Business
Dubai Gold Prices Drop for Second Consecutive Day after Hitting Peak
September 18, 2024
Dubai Gold Prices Drop for Second Consecutive Day after Hitting Peak
The yellow metal has lost Dh2.5 since Monday Gold prices fell further at the opening of the markets in Dubai…
UAE: Loans, Mortgages Set to Get Cheaper as Interest Rates Likely Go Down
September 18, 2024
UAE: Loans, Mortgages Set to Get Cheaper as Interest Rates Likely Go Down
The widely expected rate cuts by the US Federal Reserve will be the first time in three years Borrowing costs…
Dubai Ranks First in Arab world Fifth Globally in International Shipping Centre Development Index
September 18, 2024
Dubai Ranks First in Arab world Fifth Globally in International Shipping Centre Development Index
Dubai continues to maintain its leadership in the global maritime sector, ranking among the top five globally in the 2024…
Bank Investments in Monetary Bills, Islamic CD hit AED226.9 billion by End of Q2-24: CBUAE
September 18, 2024
Bank Investments in Monetary Bills, Islamic CD hit AED226.9 billion by End of Q2-24: CBUAE
Bank investments in monetary bills and Islamic certificates of deposit (CD) reached AED226.9 billion at the end of the second…
EDF Renewables Korea Western Power Co (KOWEPO) and Masdar Announce Financial Close of Al Ajban Solar PV project in Abu Dhabi
September 17, 2024
EDF Renewables Korea Western Power Co (KOWEPO) and Masdar Announce Financial Close of Al Ajban Solar PV project in Abu Dhabi
The project company, led by EDF Renewables and Korea Western Power (KOWEPO), alongside their partner Abu Dhabi Future Energy Company…
Mohammed Bin Rashid Housing Establishment Earns 18 International ISO Certifications
September 17, 2024
Mohammed Bin Rashid Housing Establishment Earns 18 International ISO Certifications
The Mohammed Bin Rashid Housing Establishment (MBRHE) has achieved a remarkable milestone by obtaining 18 international ISO certifications, reflecting its…
National Bank of Fujairah Issues Additional Tier 1 Capital Securities at AED 1.01 billion
September 17, 2024
National Bank of Fujairah Issues Additional Tier 1 Capital Securities at AED 1.01 billion
The National Bank of Fujairah (NBF) successfully issued Additional Tier 1 capital securities (AT1 capital), amounting to USD ($) 275…
UAE Banking Sector’s Liquid Assets Rise to AED800 Billion by End of Q2-24
September 17, 2024
UAE Banking Sector’s Liquid Assets Rise to AED800 Billion by End of Q2-24
The liquid assets of the UAE’s banking sector exceeded AED800 billion by the end of Q2 2024, according to the…
UAE Delegation Takes Part in IAEA 68th General Conference
September 16, 2024
UAE Delegation Takes Part in IAEA 68th General Conference
The UAE is taking part in the annual week-long 68th Regular Session of the General Conference of the International Atomic…
Dubai based Enercap Holdings and Apex Investments in Joint Venture to Build the World’s Largest Supercap Energy Storage Capacity
September 16, 2024
Dubai based Enercap Holdings and Apex Investments in Joint Venture to Build the World’s Largest Supercap Energy Storage Capacity
Dubai based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi based Apex Investments PSC, have formed a joint-venture to…