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UAE banks' investments hit 13-month high in November

RIYADH: UAE banksโ€™ investments exceeded 511 billion dirhams ($139 billion) at the end of November 2022, the highest level in 13 months, according to the Central Bank of the UAE. The CBUAEโ€™s statistics also showed an annual increase of 7.7 percent, equivalent to 36.6 billion dirhams, reaching a total of 511 billion dirhams at the end of November, compared to 474.5 billion
United States Ar Riya Saudi Arabia Abu Dhabi Abuz Aby United Arab Emirates

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Abu Dhabi's ADX expects increased listings this year

ABU DHABI: The Abu Dhabi stock exchange expects an increase in listings this year, even as global economies grapple with high inflation and rising interest rates, its chairman said. "We have a healthy pipeline of IPOs and listings with aspirations to surpass 2022. There will always be challenges, but also opportunities," Hisham Khalid Malak, chairman of the Abu Dhabi
United States Abu Dhabi Abuz Aby United Arab Emirates Hisham Khalid Malak Lulu Group International

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