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Author: Steven Sahiounie
The statistics showed that the assets of Islamic banks reached AED717.7 billion at the end of February 2024 The assets of Islamic banks operating in the UAE increased by about AED86 billion over the past 12 months, according to the latest statistics from the Central Bank of the UAE (CBUAE). The statistics showed that the assets of Islamic banks reached AED717.7 billion at the end of February 2024, reflecting an annual increase of 13.61 percent, compared to approximately AED631.7 billion at the end of February 2023. The Islamic banks’ deposits increased to AED509.4 billion at the end February, reflecting an…
Both sides discussed the existing relations between the UAE and OECD, and the positive outcomes of the collaborations regarding tax criteria and reforms ABU DHABI – Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs, met with Mathias Cormann, Secretary-General of the Organisation for Economic Cooperation and Development (OECD). During the meeting, the two sides discussed the existing relations between the UAE and OECD, and the positive outcomes of the collaborations regarding tax criteria and reforms. The two sides also explored enhancing prospects of future cooperation between the UAE and the OECD in areas of mutual interest. Source:…
Minister of Commerce and Industry stated that Qatar and China have strong and solid relations, where China is Qatar’s largest trade partner
Banga, who is attending a meeting of Group of Seven finance ministers who are hashing out the concept of such a loan
US stocks regained lost ground Friday to trade higher amid renewed enthusiasm for generative AI-linked companies like Nvidia, which closed up 2.6%
The talks gathered momentum in the final weeks, but failed to meet a final deadline before next week’s World Health Assembly — the annual gathering of the World Health Organization’s 194 member states
The Small Island Developing States, a grouping of 39 states and 18 associate members, are recognised by the United Nations as particularly vulnerable to rising water levels and more extreme weather as the world heats up, yet many carry a heavy debt burden that hampers their ability to respond.
NEW YORK – The dollar slipped against most major currencies on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported by strong U.S. economic data that has prompted markets to dial back expectations for interest rate cuts.
NEW YORK – U.S. stocks rallied and crude oil prices rebounded after upbeat economic data on Friday as investors positioned themselves ahead of the long U.S. Memorial Day weekend and the unofficial start to summer.
The agreement allows the designated airlines of both contracting parties to operate unlimited and unrestricted traffic rights for both passenger and cargo flights
