Offshore companies comprised 11 per cent of the total number of new companies
Emirates NBD Capital led 24 transactions in Q1 2021 raising over $18bn
Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially
The list of sectors and the regulations associated with their entry into the local market will be announced by the UAE Cabinet ‘soon’
Saudi Arabia raised $800m from the recent sale of two flour mills, which followed two other mill sales of $740m last year
The acquisition will make FAB one of Egypt’s largest foreign banks by assets with pro-forma total assets of over $8.5bn
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
The partial curfew will continue to be in place from 7pm until 5am
A quarantine-free travel corridor between the two countries will be set up very soon, says Fleur Hassan Nahoum, deputy mayor of Jerusalem
Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year
The cabinet approved a draft law that will allow overseas investors to own up to 100 per cent of listed companies
It aims to incentivise positive behaviour through a point-based system that can be used in payments for government services
An organisation’s vision and mission statements must provide context for all its decisions and action
It’s about time all of us seriously reflect on how we break this addiction
Dubai ranked fourth globally in FDI capital flows into greenfield projects
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list
Over 6,000 new member companies joined Dubai Chamber in the first three months of 2021
China remained Dubai’s largest trading partner with Dhs142bn worth of exchanges in 2020
Government support is most effective when it is invested at a sector or industry level, creating enabling environments with well-designed regulations
Kearney’s 2021 FDI Confidence Index ranks the UAE 15th globally
It will be implemented in three phases until 2035, with the first phase set to be completed by 2023
Agricultural and food products were the main commodities in Dubai’s trade with South Africa
Maximum duration of Isha and Taraweeh prayers in mosques is capped at 30 minutes
Entrepreneurs in the creative sector will be able to issue freelancing permits and a single license to practice diverse creative business activities
Those who have recovered from the Covid-19 infection can also be issued a permit
The ban took effect in January this year
The total value of the bank’s sukuk listed on Nasdaq Dubai stands at $17.14bn
The programme will contribute to financing more than 13,500 SMEs and creating 25,000 jobs
IHS Markit UAE PMI Index rose from 50.6 in February to 52.6 in March
The joint statement came at the conclusion of the official visit by Iraqi Prime Minister Dr. Mustafa Al Kadhimi to the UAE