The first six months saw $72bn of bond issuance from the region
DMCC also said that newly registered companies will be offered a free 12-month membership of the Dubai Diamond Exchange
China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field
The UAE is the first Arab country, and the 33rd nation globally, to produce nuclear energy
The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
Under the new proposal, Indians must not exceed 15 per cent of the population of Kuwaitis
There were 91 per cent of respondents who approved of the effectiveness of the national sterilisation programme, while 88 per cent were satisfied with the testing measures in place
Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing
The insurance refund requests were valued at Dhs3.2bn
In H1 2020, 4,536 women investors completed 5,112 investments worth Dhs6.6bn
An official within the government added that the “issue is fundamentally not for discussion”
The two-week lockdown will commence from July 25
Kuwait raised $8bn in March 2017 in its first sale of international bonds
The emirate’s food imports reached Dhs22bn, while exports were recorded at Dhs5.5bn and re-exports amounted to Dhs4.5bn
All member countries have started implementing the Debt Service Suspension Initiative that currently is set to only run through December
Saudi Arabia was the emirate’s top trading partner during the period, accounting for Dhs17.91bn worth of trade
The task force will explore the causes of late payments, raise awareness and encourage the adoption of best payments practices
The exchange in the capital of the United Arab Emirates is close to setting up a central clearing house
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
As the world recovers from the aftermath of the Covid-19 pandemic, sustainable policies and investments will help build a better future for generations to come
It covers the payment of instalments and interests over the period from January 1 to December 31, 2020
Overall, local entrepreneurs received over Dhs630m worth of incentives and support from Dubai SME since its inception in 2002
The stimulus package aims to support small and medium enterprises and a number of strategic sectors
In light of the Covid-19 crisis, it would be prudent to consider businesses that are immune to recessions and/or economic crises
UAE citizens, GCC nationals and residents inside the country have a grace period of three months to renew their documents
Abu Dhabi is the 39th most expensive place for expatriates, according to New York-based consultant Mercer, more costly than Boston or Milan
The new route will provide direct metro connectivity to the Expo 2020 Dubai site
The International Monetary Fund is predicting a 6.8 per cent contraction for Saudi Arabia this year
The package is valued at Dhs200m and expected to benefit over 1,500 businesses