DUBAI / WAM Al Ansari Financial Services PJSC (DFM: ALANSARI), (the Group), today reported its financial results for the first quarter of 2024 (Q1’24). According to First Quarter 2024 Financial Results, operating Income saw a 4.3% decline due to the pressure from the parallel market within major remittance corridors and the uncertainty prevailing macroeconomic conditions in the region. Net profit …

DUBAI / WAM Joseph Chan, Under-Secretary for Financial Services and the Treasury at the Government of the Hong Kong Special Administrative Region, highlighted the ongoing efforts to strengthen relations with the UAE, to help pave the way for the expansion of Chinese companies into the markets of the Gulf Cooperation Council (GCC) region and Africa. In an interview with Emirates …

ABU DHABI / WAM The market cap of Arab stock exchanges exceeded $4.361 trillion at the end of April 2024, according to the Arab Monetary Fund (AMF). The monthly bulletin data of the AMF said that the market value of the Abu Dhabi Securities Exchange reached $754.7 billion, while that of the Dubai Financial Market was valued at $193.4 billion, …