Latest news and articles about increase from NEX English
Abu Dhabi Food Company announced a significant profit increase of <strong>13%</strong> in the first quarter of 2023, reflecting the success of its strategies and adaptability to economic challenges. This announcement comes amid various challenges facing both local and global markets.
The Saudi stock market recorded a slight increase at the end of trading, closing up by 0.1% to reach 11,500 points. Trading values exceeded 4.2 billion Riyals, reflecting market stability amid global economic fluctuations.
The Dubai International Financial Centre (DIFC) has experienced significant growth in the number of companies during the first quarter of 2026, attracting <strong>775 new companies</strong>, a <strong>62%</strong> increase compared to the same period last year. This growth reflects ongoing business inflows despite global economic challenges.
Licensed residential areas in the Kingdom have seen a notable increase of <strong>13.4%</strong>, reflecting an improvement in the housing sector. This growth indicates a rising demand for housing units amid current economic conditions.
The Strait of Hormuz has seen a significant increase in maritime traffic, reaching its highest levels since the onset of the war. This surge is attributed to more countries securing safe passage agreements with Iran, reflecting an improvement in regional security conditions.
The Egyptian government has announced the salary payment date for April 2026, set to begin on the 25th of the month. This announcement coincides with a new increase in the minimum wage aimed at improving the living standards of workers in both the public and private sectors.
Oil prices have seen a significant increase in global markets, surpassing $90 per barrel, despite a substantial rise in OPEC+ production. This surge reflects a fragile market balance and raises questions about future price trends amid changing global economic conditions.