Abu Dhabi saw inflation rise by 3.2% in the first quarter of the year. That’s compared to figures from the same period in 2015, according to data released by Statistics Centre , Abu Dhabi. The Consumer Price Index for January to March shows that housing, water, electricity, gas and other fuels accounted for the largest increase, rising 7.7%. Food and beverage rose by 1.6%, whilst the falling oil prices led to transport costs dropping by 6.6%.
BRIDGE Summit drives $200 million deal to boost UAE's media sector
A $200 million investment multi-dimensional partnership deal has been outlined at BRIDGE Summit 2025 that will position the UAE as the world’s new epicentre for compute, advanced media production and next-generation education.
ADCB successfully completes AED6.1 billion rights issue
Abu Dhabi Commercial Bank PJSC (ADCB) on Wednesday announced the successful completion of its AED6.1 billion rights issue, following the close of the subscription period on December 4.
UAE, Russia to strengthen economic ties
The United Arab Emirates and Russia have reaffirmed their commitment to deepening economic cooperation during a high-level meeting in Dubai.
Dubai Duty Free hits AED8 billion retail landmark
Dubai Duty Free reached an historic milestone on Tuesday when the airport retailer passed AED8 billion in annual sales for the first time in its 42-year history.
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