With our Market Economic News, gain access to clear, concise reports on market performances, economic policies, and investment trends, essential for investors and professionals alike.
The Dubai Outlet Mall, situated on the Dubai-Al Ain highway, is gearing up for the bustling Ramadan and Eid retail season with a significant expansion of 3.8 million square feet. This timely expansion includes the addition of a cinema, a farmer’s market, and a LuLu hypermarket, enhancing the shopping experience for visitors. Completed in the …
Read more
Adani Ports and Special Economic Zone (APSEZ) has ushered in a new era of leadership, announcing the appointment of Karan Adani as the new Managing Director, a role previously held by Gautam Adani, Chairman of the Adani Group. Simultaneously, Gautam Adani has been re-designated as the ‘Executive Chairman’ of APSEZ, one of the world’s rapidly …
Read more
Dubai Duty Free has achieved a remarkable milestone in 2023, recording its highest-ever annual sales of Dh7.88 billion ($2.15 billion). This impressive figure represents a 24% increase over 2022 and surpasses pre-pandemic sales in 2019 by 6%. The surge in sales is a direct reflection of the increased passenger traffic at Dubai International Airport throughout …
Read more
On Monday morning, gold traders in the UAE and around the world witnessed a noticeable dip in prices, with markets keenly anticipating insights from US Federal Reserve Chair Jerome Powell’s upcoming speech on potential interest rate changes. In early trade, the price of 24K gold in the UAE fell, opening at Dh231.75 per gram, a …
Read more
In a stunning debut on the Abu Dhabi Securities Exchange (ADX), Presight AI’s shares skyrocketed to Dh3.5 within the first five minutes, a significant increase from the initial offer price of Dh1.34. This impressive performance echoes that of its sister company, Bayanat AI, which experienced a 277% gain on its first trading day and a …
Read more
Gold prices in Dubai experienced a slight increase on Thursday morning, following the US Federal Reserve’s decision to raise interest rates by 25 basis points. The Fed also indicated that it might pause future rate hikes due to recent instability in the financial sector. As of 9:30 am UAE time, spot gold rose by 0.34 …
Read more
Al Ansari Exchange, a leading currency exchange and remittance provider, is anticipated to list with a significant uplift on the secondary market, according to Mohammed Ali Yasin, a capital markets expert and adviser. In an interview with Khaleej Times, Yasin described Al Ansari Exchange as a strong growth story, highlighting the company’s impressive market share …
Read more