Malik Salameh – directThe UAE’s holdings of US Treasury bonds decreased during the month of February 2023 by 0.61 percent on a monthly basis. The UAE’s holdings of bonds last February amounted to about $64.5 billion, compared to $64.9 billion in the previous month, according to the monthly report of the US Treasury Department. On … Read more
Abu Dhabi – Mubasher: Dubai courts ordered KPMG Lower Gulf to pay $231 million, equivalent to 848 million dirhams, to a group of investors who reported losing money due to the company’s poor quality audit of a fund they invested in, according to a report by the Financial Times. The ruling, issued in late March, … Read more
Abu Dhabi – Mubasher: The total foreign assets of the UAE Central Bank exceeded half a trillion dirhams at the end of last January, for the first time in its history. Statistics issued by the UAE Central Bank indicated that the foreign assets of the Central Bank increased on a monthly basis by 1.34%, from … Read more
Abu Dhabi – Mubasher: The UAE Central Bank expected inflation to slow down during the current year 2023 to 3.2%, on the back of weak price increases in all categories, especially transportation, food and beverages. The Central Bank also expected in its recent report that inflation will remain on the rise, given that it is … Read more
Dubai – Mubasher: A report issued by EZDubai, the area entirely dedicated to e-commerce in Dubai South, expects the size of the e-commerce market in the Middle East and North Africa region to reach $57 billion in 2026, equivalent to a compound annual growth rate of 11% during the period from 2022 to 2026. According … Read more
Al-Marsad Newspaper: A young Saudi content maker documented a video clip in which he revealed a shocking price for the “Lebanese pound against the dollar.” He said, during a video clip he posted on his account on “Tik Tok”: “We have reached Lebanon, and this bond is 10 million pounds, equal to 100 dollars.” And … Read more
And Egypt and the Emirates are retreating Mubasher – Mahmoud Jamal: The Arab financial markets witnessed varying ups and downs at the end of the weekly trading, which coincided with the assertion of US Federal Reserve Chairman Jerome Powell, before Congress, that the Central Bank will likely have to increase interest rates more than expected … Read more
Al-Marsad Newspaper: The Ministry of Human Resources and Social Development revealed 8 reasons for stopping the disbursement of the social security pension to the beneficiary. The ministry said, in a statement, that the disbursement of the social security pension stops when one of the entitlement conditions is missing, or the data provided by the freelancer … Read more
Abu Dhabi – Mubasher: A company is exploring AimcoCanadian Asset Management, investment opportunities and building relationships with the largest sovereign funds in Abu Dhabi and the world. Evan Sidal, CEO of the company, said that investing in the UAE is one of the attractive offers due to the local currency’s peg to the dollar, as … Read more
Al-Marsad Newspaper: The account of the citizen announced through his official account on Twitter, the date of disbursement of the 64th batch for the month of March, and it will be 4 days from today, i.e. Thursday, corresponding to the 9th of March. The reason for disbursing the March payment to the citizen’s account early … Read more