by Vasu Jit Kalia | July 16, 2024 | Commodities
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED20.36 billion by the end of April 2024, marking a year-on-year (YoY) growth of around 12 percent from AED18.147 billion in April 2023. The apex bank, in its latest figures released today,...
by Vasu Jit Kalia | July 16, 2024 | Energy
ADNOC Gas plc today announced the award of engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement “ESTIDAMA Project”. Separately, ownership of ESTIDAMA is being transferred from ADNOC...
by Vasu Jit Kalia | July 16, 2024 | Stocks & Bonds
New Delhi, July 16 (IANS) As the Indian economy remains resilient on its way to become the world’s third-largest one sooner than expected, Singapore’s sovereign wealth fund Temasek is aiming to invest an additional over Rs 83,000 crore (about $10 billion) in the...
by Vasu Jit Kalia | July 15, 2024 | Banking Regulations
The value of transfers executed in the UAE banking sector through the UAE Funds Transfer System (UAEFTS) hit around AED6.12 trillion in the first four months of 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE). The banking operations...
by Vasu Jit Kalia | July 15, 2024 | Energy
New Delhi, July 15 (IANS) The Ministry of Coal on Monday signed development and production agreements for three coal mines auctioned under the second attempt of the 7th round which are expected to bring in an investment of Rs 4,500 crore. The mines for which...
