Picture used for illustrative purpose only.
Large deposits (greater than Dhs20 million) made up 59% the total deposits held by the banks based in the UAE that totalled Dhs2.222 trillion until the end of 2022,
The Central Bank of the UAE (CBUAE) has maintained the base rate applicable to the overnight deposit facility (ODF) at 15 basis points, effective from Thursday (July 29).
Credit facilities provided by national banks to the business and industrial sector rose 1.92 per cent (Dhs13.1 billion) in the first four months of 2022
During COP28 in Dubai on Tuesday, global green energy giants Iberdrola and Masdar announced a €15 billion strategic partnership agreement to evaluate the joint development of offshore wind and green hydrogen projects in key markets including Germany, UK and the USA.
The 44th edition of Big 5 Global, the largest and most influential construction industry event in the Middle East Africa and South Asia opened in Dubai World Trade Centre. The event boasts a stronger and more impactful local and international support, with over 2,200 exhibitors from 60+ countries
Sustainable Trade Africa (STA) takes pride in successfully concluding its pivotal event, contributing significantly to the discourse on sustainable development within the African trade landscape during COP28. Under the theme “Transforming Africa Trade for Climate Resilience & Sustainable
The Riyad Bank Saudi Arabia Purchasing Managers’ Index (PMI) continued to signal a rapid expansion in the non-oil private sector in November, despite evidence that price pressures accelerated to their highest in nearly one-and-a-half years. Reports of increased raw material prices fuelled a renewed uplift