Dubai / Emirates Business The total cash deposits placed at the UAE Central Bank surged to AED223.26 billion in 11 months, a growth of 9 percent from AED204.8 billion by end of October. In the meantime, withdrawals from the Central Bank amounted to AED222.969 billion in 11 months, an increase of 11.3 percent from AED206.6 billion during the per- iod ...

ABU DHABI / Reuters UAE Energy Minister Suhail bin Mohammed Al Mazroui said on Monday that OPEC and non-OPEC oil producers plan to announce in June an exit strategy from global supply cuts, but that does not mean the pact will end by then. Mazroui said it was premature to talk about the form or shape of such an exit ...

Dubai / WAM November’s data signalled a solid upturn in Dubai’s private sector business conditions. Steep growth in both output and inflows of new work contributed to the latest expansion, the Emirates NBD Dubai Economy Tracker. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index – a composite indicator designed to give an accurate overview of operating conditions in the ...