Increase attributed to greater commitment to national green initiatives
Islamic Development Bank report places Bahrain in third place globally
In the first half of 2020, trade between Dubai and Bahrain amounted to Dhs5.37bn
The kingdom will stick to its plan to cut spending by 7.3 per cent in 2021
The new decision will apply to all expats entering the country
Kuwait elected a new National Assembly on December 5
The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets
Dubai Nuclear Energy Committee, Awqaf and Minors Affairs Foundation, Dubai Real Estate Institute and Dubai Institute for Human Resource Development fall under the ambit of the new laws
The UAE is also one of the 27 top investors in the UK
Motorists need to register and activate their toll accounts
ADIA started a climate-change equity portfolio this year, aimed at boosting its green-economy exposure
The country also has plans to extend visa-free arrival for up to 30 days for citizens of more than 100 countries
The incoming legislature will have 31 new members
Following the amnesty period, those found with expired visas face fines of up to Dhs315 per week
Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment
The total number of positions that have been eliminated has reached 85,540 globally
Robust figures come despite impact of Covid-19 on the global economy
Motorists in the three emirates can park their vehicles for free during the three-day holiday period
This initiative is a win-win situation for employees as well as employers
Over 50 per cent of all fintech businesses in the GCC now operate from DIFC
The amnesty will require expats living illegally to either get a valid residency or leave the country after paying their fines to avoid a ban
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
Sheikh Humaid bin Rashid Al Nuaimi, Ruler of Ajman, also ordered the release of 49 prisoners
The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth
Those who use a forged electronic document bearing knowledge of its falsification will also be punished
The rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor
The initiative, which began on November 15, runs until the end of the year
The agreement enables Bank Hapoalim to access banking and innovation opportunities in the Middle East, Africa and South Asia through the DIFC platform
The battle to counter the pandemic dominated the first day of a virtual summit of G20 nations on Saturday
Citizens and residents living in Abu Dhabi are entitled to full housing allowance and rent stipend in line with their job grade