S&P Global Ratings cut the country’s long-term foreign currency rating to CC, following a similar reduction by Moody’s Investors Service to Ca
The instant licence service enables businessmen to obtain a commercial license within five minutes
Spot gold traded at $1,607.95 an ounce at 3.02pm in Shanghai, down from Wednesday’s peak of $1,612.98, which was the highest since March 2013
The North African country will announce its first exploration tender in close to three years by March
The Group-of-20 finance ministers and central bankers will be discussing a risk to growth that is growing bigger by the day
A thousand female entrepreneurs will be trained under this initiative
Former Prime Minister Saad Hariri requested the World Bank and IMF for assistance to address the country’s financial woes
As many as 49 per cent feel that the Dubai Expo will enhance the country’s reputation as a business hub while 48 per cent feel it will lead to creation of more jobs
As Sultan Haitham bin Tariq Al Said takes charge in Oman, Georgia Tolley describes the challenges the GCC state faces and potential ways ahead
Some of the fees waived include those in the healthcare sector
The JTC’s assessment may help determine whether the 23-nation alliance convenes an emergency ministerial meeting later this month
The new entity will have total assets worth Dh200bn, with more than 85 per cent of its revenue coming from regulated and contracted businesses
A total of 5,157 trademark files were registered at Dubai Economy in 2019 compared to 3,844 in 2018
The plunge in oil prices has prompted a push led by Saudi Arabia for the Organization of Petroleum Exporting Countries and its allies to hold an emergency session in February
International reserves can only finance the country’s external needs until March 2021 before being depleted
Government debt stands at more than 150 per cent of the country’s gross domestic product
The newly appointed cabinet will have to act fast to address the country’s worst financial and economic crisis in decades
Close to 500,000 daily visitors from the region access the job site to either look for jobs, to hire, or to find various career related content and tools
The government has tried to offer options for all at the Riyadh Season, says official
Dubai also aims to achieve Dhs2 trillion in terms of foreign trade volumes by 2025, supported by establishing 50 offices around the world
Lebanese lenders have tightened restrictions on US dollar withdrawals and transfers abroad
The free zone marked a year-on-year registration growth rate of 5.4 per cent
Urban developments need to have green spaces not just from an environmental perspective, but also from a profitability outlook
The Emirates will plant 10 million trees in line with every vote cast to decide the winning logo
The overall economy was weighed down by shrinkage of 6.4 per cent in the country’s oil sector
Businesses that wish to operate 24/7 will need a special licence
Climate change, an economic slowdown and technology are among the factors that could have the greatest impact on jobs in the 2020s
The budget for the financial year 2020, at Dhs66.4bn, will continue to focus on social services
Dubai Media Office asserted that all products manufactured in Jebel Ali were subject to quality checks
UAE’s overall revenue reached Dhs456bn in 2018, of which tax accounted for Dhs25bn