Production

ABU DHABI, World Padel Tour (WPT), the world’s leading professional padel circuit, Abu Dhabi Sports Council (ADSC), Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), and property developer Modon have announced Abu Dhabi as the host city fo…

DUBAI, Dubai real estate market recorded 529 sales transactions worth AED1.89 billion, in addition to 80 mortgage deals of AED133.23 million, and 12 gift deals amounting to AED48.36 million on Thursday, data released by the Dubai’s Land Department (DLD…

ABU DHABI, The Arab Monetary Fund (AMF) said that the Arab construction sector has recovered from the impacts of the Covid-19 pandemic, with its contribution to GDP in 2021 amounting to around $186.8 billion, up from $178.3 billion in 2020, or a 4.7% i…

ABU DHABI, Abu Dhabi’s FADX 15 Index grew 0.39?% supported by 1.6% and 1.65% hikes in the main lender First Abu Dhabi Bank and Abu Dhabi Islamic Bank respectively.In the meantime, Dubai’s main share index (DFMGI) fell 0.006%, impacted by 2.6% and 0.67 …

ABU DHABI, The net investments of non-Arab foreigners in local UAE stocks amounted to around AED30 billion since the start of 2022.The volume of investments is the outcome of the UAE’s ongoing efforts to attract foreign investors, underpinned by the re…

The Central Bank of the United Arab Emirates (CBUAE) projected the real GDP to grow by 7.6 percent this year, instead of its previous expectation of 6.5 percent.In its Q3 Review, the apex bank attributed the upward review to the robust performance of s…

VIENNA, Setting a new record, the OPEC Fund for International Development (OFID) has approved more than US$500 million in new financing at the most recent meeting of its Governing Board and in the final quarter of 2022.The 15 new projects approved refl…

The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions during the month of November, with a total value of AED 1.4 billion, while the total volume of trading amounted to AED 794 million, as “Al Jurf 2” witnes…