Day: May 21, 2024

SEOUL: South Korean stocks traded 0.37 percent lower late Tuesday morning as big-cap battery shares lost ground, Yonhap News Agency reported.

The benchmark Korea Composite Stock Price Index had fallen 10.23 points to 2,731.91 as of 11:20 am.

Overnig…

ABU DHABI: Bottomline performance for the GCC banking sector remained steady with a healthy q-o-q growth of 11.8% and a Y-o-Y growth of 10.5% to reach $14.4 billion during Q1-2024, according to GCC Banking Sector Report – Q1-2024, released today by ka…

BRUSSELS: The first estimates of euro area balance showed a pound 24.1 bn surplus in trade in goods with the rest of the world in March 2024, compared with +pound 19.1 bn in March 2023, according to Eurostat, the statistical office of the European Uni…

AJMAN: The Ajman Department of Finance and the Federal Tax Authority (FTA) have signed a Memorandum of Understanding (MoU) regarding the rules and standards for disclosing information held by the Authority or its employees.

The MoU aims to strengthen…

RAS AL KHAIMAH: Ras Al Khaimah’s credit rating has been upgraded to ‘A+’ from the previous ‘A’, by the international credit rating agency Fitch Ratings. The upgrade reflects the emirate’s improved credit metrics driven by stronger medium-term growth f…

ABU DHABI: The International Energy Agency (IEA) has said that clean technology manufacturing investments worldwide reached US$200 billion in 2023, an increase of more than 70 percent compared to 2022.

In its latest report, IEA explained that investm…

ABU DHABI: SAFEEN Group, part of AD Ports Group, has announced it is trialling an electric tug within their Marine Services fleet, the first of its kind in the Middle East, which will be deployed at AD Ports Group’s flagship facility, Khalifa Port.

U…

DUBAI: Yalla Group Limited has announced its unaudited financial results for the first quarter of the fiscal year 2024, ending on 31st March. The company’s revenues surpassed the AED289 million mark (US$78.7 million), marking a 7.1% increase from the …