Bethlehem Ma’an – Observers expect the dollar to cross the 4 shekel threshold, in the event of a wide-scale conflict in the region, in addition to financial fluctuations in world markets.
Amid market turmoil and security tensions in Israel, the Tel A…
ABU DHABI: The Central Bank’s statistics showed that the value of cheques cleared using Image Cheque Clearing System (ICCS) reached AED 544.4 billion, distributed over 9.33 million cheques during the first five months of 2024.
According to the Monthl…
The Central Bank of Iraq announced today, Monday, that its governor chaired a meeting of the supervisory committee on the restructuring process of Rafidain Bank.
The CBI stated in a statement that “the supervisory committee on the restructuring proce…
ABU DHABI: The value of gold reserves held by the Central Bank of the UAE (CBUAE) reached AED20.619 billion by the end of May 2024, marking a year-on-year (YoY) growth of 19.7 percent from AED17.219 billion in May 2023.
The apex bank, in its Monthly …
Gold prices on Monday fell by more than 2 percent, amid a broad-based sell-off in stocks driven by growing economic concerns.
Spot gold fell 2.2 percent to $2,389.79 per ounce, while US gold futures lost 1.6 percent to $2,430.
As for other precious …
ABU DHABI: ADNOC Drilling Company today announced record financial results for the second quarter and first half of 2024. The company’s net profit for the quarter also grew, up 29% year-on-year and 7% sequentially to $295 million, driven by the increa…
DUBAI: Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) market remained the top global export and re-export destination for its member companies d…
ABU DHABI: The latest JAIS large language model (LLM), JAIS 70B, was released today by Inception, a G42 company specialising in the development of advanced AI models and applications, all provided as a service.
A 70 billion parameter model, JAIS 70B …
ABU DHABI: Adding yet another feather to its cap, the Ministry of Finance (MoF) has secured an “advanced” position in institutional resilience, following a comprehensive assessment of its maturity level in this area.
The evaluation, conducted in coll…
JAKARTA: Indonesia’s economy grew slightly more than 5.0 percent in the second quarter as the deceleration in government spending growth was offset by household consumption and investment.
Gross domestic product grew 5.05 percent on a yearly basis co…
RIYADH: Emirates NBD has opened a new branch in the King Abdullah Financial District (KAFD). In line with Emirates NBD’s strategic expansion plan, the new branch consolidates the bank’s presence in the Kingdom, extending its diverse range of services …
ABU DHABI: Net international reserves of UAE banking sector rose by 8 percent or AED 91 billion in the first five months of the year to reach AED 1.236 trillion by end of last May from AED 1.145 trillion by the end of last year, according to the Month…