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02 July 2024

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Oil income to help Saudis' personal wealth

Higher oil income will boost Saudi Arabia's personal wealth in 2010 after it tumbled by more than $4,000 (Dh14,680) in

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ADX turns bearish with losses in most sectors

The Abu Dhabi Securities Exchange (ADX) faced downward pressures across the board yesterday, with loses in all sectors

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Julius Baer to double its Asian assets

Julius Baer, Switzerland's No.3 private bank, plans to double its Asian assets to 20-25 per cent of its total in five

Gold returns to top of DGCX trading chart

Gold dominated the trading charts of Dubai Gold and Commodities Exchange (DGCX) in the first week of this month in

Gen. Mohammed chairs Executive Council

General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, Deputy Supreme Commander of the UAE Armed

Hot money flight valued at Dh44bn

Foreign banks pulled out of the UAE banking sector more than Dh44 billion in hot money last year after giving up hope

Finance House to buy back shares

Abu Dhabi-listed Finance House (FH) has registered a net profit of Dh65.7 million for the nine months ended September

Indian rupee crashes again; is now 1 fil away from its lifetime low

The beleaguered Indian rupee crashed again this morning (Monday), with the Asian currency hitting Rs15.43 against the

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Sovereign funds under scrutiny

Growing pressure on sovereign wealth funds to open their books and enhance transparency may force them to cut their

IPL KXIP v RCB: Kohli's Bangalore win last-ball thriller

Royal Challengers Bangalore pulled off a thrilling one-run victory over Kings XI Punjab on Monday night. Chasing a

Saudi contracts peak in 2013

The value of awarded government contracts in Saudi Arabia climbed to an all-time high of nearly SAR 293.4 billion (

Cement firms told to comply with new price structure

Action could be initiated against cement factories that fail to comply with the new price structure finalised by the