UAE banks’ six-month deposits surge to Dh182.2b in eight months

ABU DHABI: The six-month deposits at UAE banks picked up to circa Dh182.2 billion from January through August 2019, a growth of 10.4 per cent from Dh165 billion in December last year, according to figures released by the Central Bank of the United Arab Emirates. They accounted for 19.4 per cent of the total deposits […]

Abu Dhabi Producer Price Index up 6.6% in second quarter

ABU DHABI: The Producer Price Index increased to 124.6 points in the second quarter of 2019, a growth of 6.6 per cent from 116.9 points in the same period last year, according to the Statistics Centre — Abu Dhabi. The key activity that recorded an increase in the index during the second quarter of 2019 […]

Global stocks climb with investor focus on US-China trade talks

New York: Stock traders were cautiously optimistic monitoring the latest trade developments as a long-anticipated meeting between America and China got underway, and after contrasting reports on the talks spurred volatility. Treasury yields rose. Banks and automakers led the S&P 500 index higher, with an extra boost after President Donald Trump confirmed talks will continue […]