UAE stocks record Dh1.6b inflow with IHC, Emaar leading trading
Local stock markets attracted liquidity amounting to nearly Dh1.6 billion at the close of trading on Thursday, with International Holding Company (IHC) and Emaar Properties leading the trading. The liquidity was distributed as follows: Dh1.15 billion in the Abu Dhabi Securities Exchange (ADX) and Dh476.2 million in the Dubai Financial Market (DFM), after trading 316.1 […]
Gross written premiums increased by 18.5% Y-o-Y in Q1 2024 to AED21.1 billion: CBUAE report
The Central Bank of the UAE (CBUAE) announced that the UAE insurance sector continued to grow in Q1 2024, reflected by the increase in gross written premiums. In its Quarterly Economic Review for June 2024, CBUAE said that the number of licensed insurance companies in the UAE remained at 60, comprising 23 traditional and 10 […]
Emirates’ operating initiatives save 48,000 tonnes of fuel, cut emissions by 151,000 tonnes
Emirates embarked on implementing “Green Operating Procedures” (Green Ops) in 2016, taking a multi-pronged approach that looks for opportunities to reduce on-ground and in-flight fuel use, in addition to providing pilots with the necessary education, awareness, data analytics and technology to help them manage their flights as efficiently as possible. In a report released today […]
DP World completes $400-million Callao Port expansion project
DP World has completed a major US$400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80 per cent and solidifying Callao’s position as the key gateway for global trade on the west coast of South America. The Bicentennial Pier expansion project extends the pier […]
CBUAE projects UAE’s real GDP growth to reach 6.2% in 2025
The Central Bank of the United Arab Emirates (CBUAE) expected the country’s strong foreign trade performance to continue in 2024 and 2025, sustaining its projected growth for the UAE’s real GDP in 2024 at 3.9 per cent, with expectations for it to further accelerate to 6.2 per cent in 2025. In its June 2024 Economic […]