Browsing: Economy

ABU DHABI: Gross banks’ assets in the country surpassed the AED4.2 trillion mark by the end February 2024, for the first time in its history, according to the latest statistics from the Central Bank of the United Arab Emirates (CBUAE).

The Egyptian Tax Authority (ETA) declared that it has not issued any directives or instructions concerning levying taxes on capital gains arising from the sale of securities listed on the Egyptian Exchange (EGX) during the past period to date, as per a statement.

This high-profile event, inaugurated by Saudi Crown Prince Mohammad Bin Salman, is a two-day forum aimed at addressing critical global economic issues

This high-profile event, inaugurated by Saudi Crown Prince Mohammad Bin Salman, is a two-day forum aimed at addressing critical global economic issues

During the roundtable meeting, analysts from “S&P Global” credit ratings discussed the trends and key issues pertaining to market sectors, banks, energy, companies, and infrastructure entities in the GCC countries

Gross domestic product (GDP) rose by 1.1 percent from January to March compared to the previous three months

Gasoline shortages persisted in Nigeria’s major cities on Tuesday, causing a sharp increase in prices and exacerbating the country’s cost-of-living crisis.

The Crown Prince affirmed Saudi Arabia’s commitment to being a stabilizing force in the region, emphasizing that cohesion and cooperation with regional and global partners are essential for achieving security and prosperity

The minister stressed the importance of strengthening multilateral development cooperation to bridge the financing gaps faced by emerging economies

ABU DHABI: The balance sheet of the Central Bank of the UAE (CBUAE) reached the AED750 billion mark at the end of last February, marking a historic milestone, as per the balance sheet report for February 2024 released today.