Monday, May 5, 2025

first quarter

The Saudi economy contracted in the first quarter

The latest data released by General Authority for Statistics Slight shrinkage in Kingdom's economy Saudi Arabia during the first quarter of 2024. Real GDP fell by 1.8% compared to the same period in 2023. This contraction is due to a decline...

Abu Dhabi Commercial Bank’s profits exceeded 2 billion dirhams in the first quarter

Abu Dhabi Commercial Bank's loans and advances portfolio increased by 21% to 318 billion dirhams Net profits increased Abu Dhabi Commercial Bank By 13.8% to2.13 billion dirhams During the first quarter of 2024, compared to 1.87 billion dirhams during the...

Latest News

Sheikh Mohammed announces AI as mandatory subject in UAE schools

Dubai: The UAE Cabinet has approved the final curriculum to introduce Artificial Intelligence (AI) as a subject across all...

UAE lifts Lebanon travel ban, allows citizens from May 7

Abu Dhabi: The UAE will lift its travel ban on Lebanon, allowing Emirati citizens to visit the country starting May 7, 2025, the Ministry...

UAE weather: Slight temperature drop and dusty conditions expected

Dubai: Residents can expect clear to partly cloudy skies today, with a slight, gradual decrease in temperatures, especially along the coastal areas, according to...

Saudi Arabia’s Public Investment Fund issues 7-year dollar-denominated sukuk

Saudi Arabia's Public Investment Fund is heading to the international bond market for the second time this year. It started Saudi Public Investment Fund PIF...

MoHRE clarifies refund rules for domestic worker recruitment fees

Abu Dhabi: The Ministry of Human Resources and Emiratisation (MoHRE) has outlined the specific conditions under which domestic worker recruitment offices in the UAE...