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Malik Salameh – directThe net purchase of foreign shares in the UAE financial markets during the first week of July 2023 amounted to 287 million dirhams, equivalent to 78 million dollars. After examining the market data, it becomes clear to us that foreign investors carried out purchases on Dubai and Abu Dhabi shares with a … Read more

Malik Salameh – directThe net purchase of foreigners from stocks in the UAE financial markets during trading today, Thursday, amounted to 19.16 million dirhams, equivalent to 5.22 million dollars. Foreign investors carried out purchases on Dubai and Abu Dhabi shares at a value of more than 382.172 million dirhams, equivalent to 103 million dollars, compared … Read more

Mubasher: The Barakah First Company, affiliated to the joint venture between the Emirates Nuclear Energy Corporation and the Korean Electric Power Company (KEPCO), announced the completion of the refinancing of the Barakah Nuclear Power Plants, in cooperation with UAE financial institutions. The Barakah One Company, which is responsible for the financial and commercial aspects of … Read more

Turkish exports in May reached a total value of $21.659 billion, marking a significant increase of 14.4% compared to the same month last year, according to data from Reuters. The Turkish Statistics Authority released the figures on Friday, revealing that imports also saw a rise of 15.5% to reach $34.186 billion. However, despite the growth … Read more

Global gold prices have continued to decline, reaching their lowest level in nearly three months, following statements made by the US Federal Reserve President before Congress regarding a potential increase in interest rates early this year. During Thursday’s trading, gold prices fell by 0.2% in spot transactions, reaching $1929.21 an ounce, while the dollar index … Read more

Global oil prices experienced a decline in trading on Thursday due to increasing concerns among investors about the demand for crude from China, the second largest economy in the world. This decline was triggered by the confirmation from Jerome Powell, the Chairman of the US Federal Reserve, regarding the possibility of raising interest rates again … Read more

China’s imports of Russian oil have reached an all-time high, according to data from the General Administration of Customs in China. In May 2023, China imported a total of 9.71 million metric tons of oil from Russia, representing a 15.3% increase compared to the previous year. This translates to an average of 2.29 million barrels … Read more

UAE Banks Grant 11 Billion Dirhams in New Personal Financing in Q1 2023 Abu Dhabi – In the first quarter of this year, UAE banks provided 11 billion dirhams in new personal financing to individuals. The total balance of individual borrowing reached over 487 billion dirhams by the end of March, accounting for more than … Read more

Mubasher: Oil prices fell sharply today, Monday, amid anticipation of the Federal Reserve meeting later this week. US oil futures fell by more than 4% to $67.39 a barrel. This comes at a time when Goldman Sachs has lowered its forecast for the price of oil again this year, with increasing supplies and fears of … Read more