DIEZ
April 10, 2023

In 2022, DIEZ witnessed a 42% surge in its operating profit.

DIEZ’s success in driving growth and profitability is a testament to their strategic focus and ability to innovate. By prioritizing sustainability and social responsibility, they are laying the foundation for future successes.

Dirham
April 10, 2023

UAE dirham weakens against the Indian rupee, resulting in a jump in the value of the rupee.

The UAE (Dirham) and India have long been committed to strengthening their economic ties, and the recent surge of the Indian rupee is a testament to this.

Gold
April 10, 2023

Dubai witnesses a drop of Dh2 per gram as gold prices fall below $2,000.

Dubai’s gold market is a vibrant and attractive option for buyers, offering a range of products and services to cater to all needs and budgets.

Careem
April 10, 2023

The Super App of Careem, a ride-hailing platform in the UAE, will be acquired by E& in a majority stake worth $400 million

The investment in Careem’s Super App highlights the increasing importance of the digital economy in the Middle East, as well as the rapidly changing landscape of technology and commerce.

Saudi Arabia raises prices
April 6, 2023

Saudi Arabia raises prices for oil sales to Asia.

Saudi Arabia raises prices for crude oil sales to Asia is being seen as a sign of the global oil market’s recovery from the impacts of the COVID-19 pandemic.

Dubai's Property
April 6, 2023

The demand for luxury homes and Dh2m Golden Visas in Dubai’s property market has led to the best Q1 sales in 10 years.

Dubai’s property market has seen a surge in activity in Q1 2021, with Dh35.6 billion ($9.7 billion) in sales and an increase of 4% in the number of transactions compared to the same period last year.

Al Ansari Financial Services
April 6, 2023

Al Ansari Financial Services experiences a first-day surge on DFM, with its stock rising by 17.5% from Dh1.03.

The successful IPO of Al Ansari Financial Services reflects the confidence of investors in the company’s growth prospects, as well as the broader outlook for the UAE’s financial services sector.

Savvy Games Group
April 6, 2023

Scopely is set to be acquired by Savvy Games, a subsidiary of PIF, for $4.9 billion.

Savvy Games has recently announced the acquisition of Scopely, a mobile gaming company that has resonated with millions of players around the world.

UAE's international trade
April 6, 2023

The UAE’s international trade in goods has exceeded $1 trillion.

The UAE’s international trade has achieved a remarkable milestone by surpassing the $1 trillion mark in its international trade in goods, highlighting its growing status as a major player in the global economy.

Gold Prices
April 6, 2023

In the early hours of trading, gold prices in the UAE have fallen from their one-year highs.

In a surprise turn of events, gold prices in the United Arab Emirates (UAE) have fallen from their one-year highs in the early hours of trading. This comes as a shock to many investors who were hoping that the precious metal would continue its upward trajectory. According to reports, gold prices fell by 1% in […]

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