Employers would pay money earmarked for future retirements into a central system that would manage the money under Islamic principles.
The emirate’s bourse rose above the 3,000 point level for the first time since November 2008.
Sheikh Mohammed says Dubai Expo 2020 will stand out as the best edition in the event’s history in terms of “preparation and presentation.”
Hopes for a successful Expo bid have already led to speculation in the property market, where prices are up some 20 per cent over the past 12 months.
UAE’s Sheikh Abdullah bin Zayed is expected to meet Iranian Foreign Minister Mohammad Javad Zarif and other officials.
The announcement was made through Dubai Media Office’s twitter page on Wednesday evening.
The UAE made history when it became the first Middle Eastern nation to win the bid to host an expo.
As Dubai basks in the success of its hard-won Expo 2020 bid, Gulf Business reveals the city’s benefiting industries.
27.11.2013 will be a date to remember in history, writes John Bailey, financial Planner at Acuma Independent Financial Advice.
Dubai beat rivals Izmir, Ekaterinburg and Sao Paolo to win the bid to host the mega event.
Dubai’s Expo 2020 win is anticipated to propel economic growth in the emirate.
Innovation has been an integral part of Dubai’s Expo 2020 bid, and experts say the win will boost the local technology sector.
Retail is expected to be one of the biggest gainers from Expo 2020 as Dubai is estimated to welcome around 25 million visitors.
The win will boost the emirate’s property market, say experts.
A successful Expo bid will boost Dubai’s economy but a risk of debts due to overspending looms.
The confidence in the UAE banking sector is quite strong, says Central Bank governor.
All the workers in Dubai will require to be covered under health insurance by their employers as part of a new law.
The project cost Dhs100 million, and is expected to start selling locally produced salmon within six to eight months.
Winning Expo 2020 will hugely benefit the UAE’s events industry, says Roberts.
A seven-member committee headed by Sheikh Ahmed Bin Saeed Al Maktoum, chairman and CEO of Emirates Group, is in Paris ahead of the Expo 2020 vote.
Dubai launched a major drive to develop its Islamic business sector in January this year.
As the countdown to the Expo 2020 announcement begins, Gulf Business explains what will happen on November 27.
As the Expo 2020 announcement looms closer, Gulf Business recounts memorable quotes about Dubai’s bid.
A negative Expo result for Dubai may cause a short-term dip in sentiment levels, added the CBRE report.
Passenger traffic through Dubai International Airport rose 15.1 per cent year-on-year in October.
The deal will be funded by the proceeds from Arabtec’s recent rights issue.
Dozens of ships that line Dubai’s docks make the 12-hour journey across the Strait of Hormuz a few times each month.
The deal is scheduled to price on Tuesday so that trading can begin on Wednesday.
The case arose from one of Citigroup’s earlier efforts to shore up its capital base.
The silos will have the capacity to store up to 275,000 tonnes of grain.