OAPEC
April 29, 2023

OAPEC’s Secretary-General predicts an increase in oil demand despite global economic headwinds.

The Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC), Ali bin Ibrahim Al-Naimi, has predicted that demand for oil will continue to rise in the coming years due to population growth, urbanization, and economic development in emerging markets.

industrial sector
April 29, 2023

Amid efforts to diversify, investments in the Saudi industrial sector have exceeded $132 billion.

The Saudi government is investing heavily in the industrial sector to promote economic diversification and spur job creation.

Manchester United
April 29, 2023

Final bids for Manchester United have been made by Qatar’s Sheikh Jassim and Ratcliffe.

The Glazer family have reportedly received bids for the sale of Manchester United from Sheikh Jassim and Jim Ratcliffe, estimated to be in the region of £2 billion.

Tashkent International Investment Forum
April 29, 2023

UAE takes part in Uzbekistan’s second Tashkent International Investment Forum.

The second Tashkent International Investment Forum highlighted the growing economic ties between the UAE and Uzbekistan, providing a platform for the UAE to showcase its expertise and explore new investment opportunities in the region.

Euro
April 29, 2023

The Euro area experienced a 0.1% increase in GDP, while the EU recorded a 0.3% increase in the first quarter.

The Euro area and the EU have seen positive economic growth in recent months, with increases in GDP, employment, exports, and consumer spending.

April 29, 2023

Diversification, Innovation, and Sustainability: The Business Economy of the UAE

The United Arab Emirates (UAE) is a rapidly growing business hub, known for its favorable business climate, strategic location, and diverse economy. The UAE’s business economy has undergone significant transformation over the past few decades, and today, it is one of the most dynamic and innovative business environments in the world. One of the main […]

Dubai Financial Market
April 28, 2023

Dubai Financial Market has reported a 30% increase in its Q1 2023 net profit, reaching AED35.6 million.

The Dubai Financial Market financial results for Q1 2023 showed strong performance, with total revenue reaching AED71.8 million and operating profit at AED35.6 million.

Mashreq
April 28, 2023

Mashreq’s operating profit has surged by 96% during the first quarter of 2023.

Mashreq Bank reported strong Q1 2023 results, with net profit increasing by 71% to AED 1.3 billion from AED 764 million in Q1 2022.

Borouge
April 28, 2023

Borouge, a company listed on the ADX, reported Q1-2023 revenues of $1.38B due to improved pricing and cost efficiency.

Borouge has demonstrated remarkable resilience and adaptability with its strong Q1-2023 financial results, which were supported by strong demand for its products in key markets and cost-efficiency measures.

Al Ghurair Foods
April 28, 2023

Al Ghurair Foods is set to allocate a budget of Dh1 billion towards the construction of three food processing facilities in Abu Dhabi.

Al Ghurair Foods’ investment in the construction of three food processing plants in Abu Dhabi is a significant milestone for the UAE’s food industry.

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