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Local Economy

Mohammed Saqib, Secretary-General of CHIMENA Business Council
29 June 02:00 AM UAE, China launch Qingdao Overseas Integrated Service Centre
UAE – Mubasher: The UAE and China launched the Qingdao Overseas Integrated Service Centre at the China-Arab Business Forum that was recently held in Qingdao, according to a press release.Organized by the Qingdao Municipal People’s Government and Chin
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25 June 02:00 AM Aldar upgraded to ‘A’ rating in MSCI ESG Rating assessment
Abu Dhabi – Mubasher: Aldar Properties entered the top quartile of MSCI ESG Rating, ranking among global real estate companies after securing an upgrade to ‘A’ rating in the latest assessment, according to a press release.The rating aligns with the c
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15 June 03:49 PM Abu Dhabi’s hospitality sector attracts AED 611m revenues in March
Abu Dhabi – Mubasher: Abu Dhabi’s hospitality sector generated AED 611 million in revenue during March 2025, according to preliminary data released by the Department of Culture and Tourism (DCT). Total revenue breakdown includes AED 345 million …
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15 June 07:47 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
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11 June 09:41 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
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10 June 01:04 PM Abu Dhabi’s property market records AED 6.3bn sales in 4 months
UAE – Mubasher: Abu Dhabi’s property market witnessed a 5% increase in luxury transactions valued at AED 7 million and above, reaching AED 6.30 billion in the first four months of 2025, according to Metropolitan Capital Real Estate (MCRE). The …
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10 June 11:22 AM Sharjah Islamic Bank lists $500m Sukuk on Nasdaq Dubai
Abu Dhabi – Mubasher: Nasdaq Dubai welcomed the listing of a $500 million Additional Tier 1 (AT1) Sukuk offered by Sharjah Islamic Bank, according to a press release. The perpetual, non-call six-year AT1 Capital Certificates were issued by the …
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10 June 09:56 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
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8 June 11:20 AM Gulf of America’s oil production to maintain stability in 2026 – EIA
Mubasher: Crude oil production in the Federal Offshore Gulf of America (GOA) will average 1.80 million barrels per day (b/d) in 2025 and 1.81 million b/d in 2026, according to the U.S. Energy Information Administration (EIA). This is compared to …
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8 June 10:08 AM ADFD pumps AED 216.5bn financing in 2024 to support sustainable development worldwide
UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) injected development financing totaling AED 216.50 billion by the end of 2024, benefitting 107 countries across various continents. This total comprises AED 157 billion in concessional loans, …
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5 June 09:20 AM UAE’s May PMI drops to lowest level in 4 years
UAE - Mubasher: The seasonally adjusted Purchasing Managers' Index (PMI) of the UAE fell to 53.3 in May  2025 from 54 in April, marking its lowest reading in four years. The index remained above the 50 no-change mark, highlighting an improvement …
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4 June 08:15 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
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2 June 07:51 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for the …
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24 April 01:50 PM ADREC logs AED 25.3bn property transactions in Q1-25
UAE - Mubasher: The Abu Dhabi Real Estate Centre (ADREC), an affiliate of the Department of Municipalities and Transport, reported 34.50% year-on-year (YoY) higher property transactions at AED 25.30 billion in the first quarter (Q1) of 2025. …
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23 April 11:02 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except the funds …
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22 April 09:31 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher:  Based on updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except the funds …
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20 April 03:23 PM UAE’s total foreign trade hits AED 5.2trn in 2024
UAE – Mubasher: The UAE recorded total foreign trade of AED 5.23 trillion ($1.42 trillion) in 2024, higher by 49% than AED 3.5 trillion ($949 billion) in 2021, according to the World Trade Organization’s ‘World Trade Outlook and Statistics’ report …
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20 April 01:57 PM Mashreq prices $500m debut Sukuk, attracts largest ever orderbook
Dubai – Mubasher: Mashreq has priced its debut $500 million Sukuk under the $2.50 billion Trust Certificate Issuance Program, with a profit rate of 5.03% annually on 15 April. The five-year offering will be rated A by S&P and will be listed on …
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16 April 11:46 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …
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15 April 12:45 PM Ajman’s real estate transactions cross AED 2bn in March
UAE – Mubasher: Real estate transactions in Ajman increased by over 41% year-on-year (YoY) to AED 2.06 billion in March 2025, according to Emirates News Agency (WAM). Omar bin Omair Al Muhairi, Director-General of the Ajman Department of Land and …
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15 April 11:15 AM Prices of investment funds including certificates in EGP
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, an updated …
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14 April 01:44 PM Foreign net investment on ADX hike 151% in Q1-25
UAE – Mubasher: Abu Dhabi Securities Exchange (ADX) recorded strong performance in the first quarter (Q1) of 2025 amid a rise in liquidity and investment activity, according to Emirates News Agency (WAM). The value of foreign investor trades (buy …
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14 April 10:26 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except the …
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13 April 09:33 AM Prices of investment funds including certificates in EGP, USD
Cairo – Mubasher: According to updated data, Mubasher is featuring mutual funds along with relevant prices based on the latest closing. Below you can find the names of Investment Funds as well as the price of each certificate in EGP, except for …