«Al-Akhdar» .. recipe for the development of Arab football

Murad Al-Masry (Dubai) The historic victory of the Saudi national team over Argentina 2-1 in the “World Cup 2022” came as a “recipe” that the development of football in the Arab region is possible, with the conditions of working according to a clear methodology, especially since it was not the result of coincidence, but the […]

Oil is falling after the resumption of pumping crude from the Druzhba pipeline

Oil prices fell sharply on Wednesday as shipments of Russian oil to Hungary resumed via the Druzhba pipeline, giving up earlier gains following an attack on an oil tanker off the coast of Oman. Brent crude futures fell $1.88, or two percent, to $91.98 a barrel by 1418 GMT, while US West Texas Intermediate crude […]

OPEC lowers forecasts for global oil demand growth

OPEC on Monday cut its forecast for global oil demand growth in 2022 for the fifth time since April, and also trimmed next year’s figure, citing mounting economic challenges, including rising inflation and interest rate increases. In a monthly report, the demand for oil in 2022 will rise by 2.55 million barrels per day, or […]

IMF: Oil gains enable the UAE to support sustainable economic growth

Hussam Abdulnabi (Dubai) A report by the International Monetary Fund expected that crude oil producers would achieve cumulative oil gains of about $1 trillion between 2022 and 2026, which oil-exporting countries such as the UAE could employ to continue investing in projects that support sustainable economic growth. The report, the details of which were revealed […]

Empower: The offering price range is between 1.31 and 1.33 dirhams per share

Dubai (Etihad) The Emirates Central Cooling Systems Corporation (Empower) announced today the price range of its shares and the start of the subscription period for the initial public offering on the Dubai Financial Market. The price range of the offering shares was set between 1.31 and 1.33 dirhams per share. The total size of the […]

Dow Jones is close to its best monthly performance since January 1976

Sherif Adel (Washington) US stocks rose, during trading on Friday, to end the week strongly, despite the poor results of most major technology companies, and the Dow Jones Industrial Average recorded the fourth consecutive week of gains, for the first time since November of last year.During Friday’s trading, the Dow Jones Industrial Average rose more […]

Zainab Al Hashemi participates in the exhibition “Forever is Now”

Abu Dhabi (Etihad) As part of its strategies and vision to highlight the achievement of Emirati art and celebrate its creators by promoting it regionally and globally, the Abu Dhabi Group for Culture and Arts supports the participation of the Emirati plastic artist Zainab Al Hashemi in the second international exhibition held by the Art […]

«Dubai Market» records a 133% growth in net profit

Dubai (Etihad) During the first nine months of this year, the Dubai Financial Market Company recorded a 133% increase in net profits, reaching 89 million dirhams, compared to 38.1 million dirhams in the same period in 2021.The company achieved revenues of 237.8 million dirhams during the first nine months of 2022, compared to 183.1 million […]

Bankruptcy of the largest contracting company in the UAE

Today, Monday, a UAE court decided to declare the bankruptcy of the “Arabtec” holding company and its subsidiaries, and to seize the balances, accounts and funds of the declared bankruptcy company in all banks. According to the newspaper, “Al Khaleej”, the Dubai Court of First Instance decided today to declare the bankruptcy of Arabtec Holding […]