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Press Dossier   By Date  09/08/2022
Oil edges up on strong economic data but trade choppy
HOUSTON: Oil prices rose 1.5 percent on Monday, hovering near their lowest levels in months in volatile trading as positive economic data from China and the US fed hopes for demand despite nagging fears of a recession.
DIFC launches first global family business and private wealth center
DUBAI: The Dubai International Financial Center has announced the launch of the first global family business and private wealth center.
Saudi commercial banks’ June consumer loans rise 13% to $118.9bn
CAIRO: Consumer loans of Saudi commercial banks increased 13 percent to SR445.8 billion ($118.9 billion) on June 30, 2022, compared to SR394.2 billion on the same day last year, the Saudi Central Bank, also known as SAMA, revealed.
China launches tax probe on independent oil refiners
RIYADH: China stocks flitted in a tight range on Monday, with the energy sector being partially countered by losses in consumer shares, as domestic COVID-19 outbreaks and tensions with the US kept market sentiment fragile.
Russia's sovereign wealth fund at $198.3 bln as of Aug. 1
Russia’s National Wealth Fund (NWF) stood at $198.3 billion as of Aug. 1, equivalent to 9.1% of projected 2022 GDP, the finance ministry said on Monday.
Australian airline Qantas top executives asked to work as baggage handlers to tackle labour shortage
Desperate times, it is said, call for desperate measures. Australian airline Qantas has ordered 12 Airbus planes capable for services to the UK and America’s major cities to meet surge in demand following easing of COVID-19 curbs, but it seems to be at sea over tackling a shortage of workers.
Chery all new models to roll into the UAE’s automotive market
As one of the best Chinese Auto Brand, Chery is reportedly in talks with several leading automotive groups and plans to enter UAE market with all new range of model
UAE’s public spending totalled Dhs87.4 billion in first quarter
The UAE’s public spending in the first quarter of 2022 totalled Dhs87.4 billion, an increase of 19.6 per cent and equivalent to Dhs14.34 billion, compared to Dhs73.7 billion in the same period of the previous year, according to statistics from the Ministry of Finance.
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