Finance minister Mohammed Al Jadaan said that the kingdom’s sovereign wealth fund expects to invest significant amounts in the domestic economy
He has risen to become one of the most trusted advisers of the ruling Al Nahyan family
The highest salary hike of 5 per cent is expected in the life sciences industries, while the lowest increase is anticipated in the energy industry
Growth was driven by a 6.2 per cent rise in the transport and storage sector
Globally, workforces will reduce by 25 million in developed countries and scale by 470 million in emerging ones.
Banks agreed to lift a restriction on new money coming from abroad and set a withdrawal limit of $1,000 a week for accounts denominated in foreign currency
The Saudi Arabian Monetary Authority will allow smaller retail investors to borrow twice their cash investment, double the normal leverage limits the regulator allows for IPOs
New federal law to regulate insolvency cases will come into effect from January next year
The investment platform will be run through Egypt’s newly established sovereign wealth fund and Abu Dhabi Development Holding
The ban is applicable on private sector entities in the construction and cleaning work sectors
President Michel Aoun said lawmakers will meet November 12 to consider lifting the wide immunity granted to government officials and parliamentarians
Currently, Emiratis constitute 26.1 per cent of the UAE’s banking workforce
Consumer prices in urban parts of the country rose by 3.1 per cent in October compared to 4.8 per cent in September, the lowest since September 2010
Improvements need to be made in certain key sectors
Business conditions in the kingdom’s non-oil private sector improved last month at the fastest pace since August 2015
Economic growth is estimated at 2.3 per cent in 2020 compared with 0.9 per cent this year
Egypt plans to raise $4.95bn from all its offers and bring in much-needed foreign investment
Policy makers in Kuwait lowered borrowing costs for the first time since 2012
The two governments will form a council which will define the sectors and the timing of the investments
One-third of the Dhs61bn federal budget will be allocated to the social development sector
The global outlook is that of lower growth and rising uncertainty, the IMF warned
Study also underway to help establish a financial market that provides companies registered in freezones with funding through IPO listings
Abu Dhabi Quality and Conformity Council conducts safety and quality checks
Dubai issued a decision in March 2018 to free all government fees for three years
Additional state-related firms will only be created to fulfill a national security requirement or a strategic government need
The planned Turkey investment would expand the world’s biggest carmaker’s total number of factories worldwide to 123
Here are the arguments for and against worrying about a global recession in 2020
Growth in 2019 expected to be 0.6 per cent, down from previous estimate of 1.4 per cent
The UAE has moved up the rankings by two spots and ranks 25th worldwide
Ministry of Human Resources and Emiratisation announcement comes amid GITEX Technology Week