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Economy

UAE government revenue reaches Dh115.6 billion, expenses at Dh92.5 billion in Q1 2023

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Abu Dhabi: The UAE government’s revenues in the first quarter of 2023 stood at Dh115.6 billion, while expenditures totalled Dh92.5 billion, the Ministry of...
Technology

WhatsApp rolling out channels to more countries

the financial -
San Francisco: Meta-owned messaging platform WhatsApp on Tuesday announced that it is rolling out channels to more countries. The company made the announcement on Twitter...
Business

UAE: New discount markets, price controls, dollar peg; how the country managed to rein in inflation amidst global turmoil

the financial -
Inflation in the UAE and Saudi Arabia was low despite global turmoil, thanks to government-imposed price controls, the dirham’s peg to the dollar and...
Technology

Soon, AI tech will monitor UAE waters to prevent drowning incidents

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Soon, cameras put up on UAE beaches will be equipped with a new artificial intelligence-based technology that can help lifeguards monitor swimmers and identify...
Economy

Two major agreements announced at UAE-Turkey Business Forum

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Two major agreements announced at the UAE-Turkey Business Forum held recently in Abu Dhabi were set to provide a boost to UAE-Turkey investment across...
Economy

Dubai tops in attracting FDI projects in cultural, creative industries; surpasses London, Paris, Berlin

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Dubai attracted a record 451 projects in the cultural and creative industries in 2022, an impressive increase of 107.7 per cent from the previous...
Technology

Dubai: Al-Futtaim Group embarks on digital transformation

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Dubai-headquartered Al-Futtaim Group has embarked on a digital transformation journey, aiming to become data-driven intelligent organisation, that is adaptive to the evolving needs of...
Economy

UAE Central Bank outlines measures to ease burden of rising interest rates on home loans

the financial -
The Central Bank of the UAE (CBUAE) today issued a notice to all banks and finance companies in the UAE outlining the measures taken...
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Banking

GCC banks poised to weather global trade turbulence: S&P report

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Business

Saudi asset management industry hits $266bn, poised for further growth: Fitch Ratings 

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RIYADH: Saudi Arabia’s asset management industry grew by 20...
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Mortgage securitization can offer Saudi banks funding boost: Fitch  

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RIYADH: Saudi banks could unlock additional funding and expand...
Business

E-payments account for 79% of Saudi retail transactions in 2024: SAMA

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RIYADH: Electronic payments made up 79 percent of all...
Business

Gold rates on April 17: Precious metal hits all-time high; here’s how much it costs in your city today

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Bullion remains heavily supported by a broadly weaker dollar,...
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