The two state-owned institutions will make it easier for UAE and Indonesia-based companies to access funds to pursue their international expansion
Data from DSCD shows that Sharjah’s trading sector was the most significant contributor to the emirate’s economy at 23.8 per cent
Tecom plans to list its shares on the Dubai Financial Market
According to AMF, the inflation rate for Arab countries as a group is expected to rise to 7.5 per cent in 2022, and decrease to 7 per cent in 2023
It marks a growth rate of 7 per cent over, or 1,139 licences, over the same period in 2021
The kingdom’s economy expanded 6.7 per cent on an annual basis during the fourth quarter of 2021
Total bank deposits increased by 1.5 per cent, rising from Dhs1,966.8bn at the end of November 2021 to Dhs1,996.5bn at the end of December 2021
The non-oil contribution to the country’s GDP in 2020 stood at 71.3 per cent
The UAE Digital Economy Strategy aims to double the contribution of the digital economy to the GDP from 9.7 per cent to 19.4 per cent within the next ten years
Fifty-seven per cent of the new business licences issued were under the professional category and 43 per cent were commercial
S-commerce has several other factors going in its favour
Its GDP reached Dhs1.489tn at current prices, with the growth rate for 2021 reported to be the highest in the region
There were 24,077 commercial sector licences issued in 2021, up 21.4 per cent year-on-year
Saudi Arabia will also provide $1bn for the purchase of oil products and to support of development projects
The UAE aims to attract Dhs550bn worth of foreign investments to the country by 2030
The stock is expected to start trading in Dubai around April 12
Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year
The official signing of agreement is expected to follow in the coming weeks
The bank’s strategy involved direct and indirect financing of 1,350 SMEs across priority sectors
It is part of the kingdom’s efforts to support Egypt’s economy
Foreign direct investment in 2021 totalled $19.3bn, the most since 2010
The UAE will likely continue to attract highly qualified individuals into the country
Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider
In both the 1970s and today, the shocks hit economies that already had inflation problems
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
There are now more than 287,000 member companies of the organisation
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
The bond is the first issuance of its kind for a Jordanian bank on the exchange
The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors
China ranked first as the country’s largest trading partner in 2021