Dubai’s US-dollar denominated debt listings are now valued at $98.5bn
The UAE will also host a new Investopia Investment Summit in March 2022
A person will need to show their vaccination status on the My Identity or Immunity mobile application
The UAE is seeking to grow its national exports by 50 per cent over the coming years
Starting September 2021, the Investment Residency Programme will offer renewable five and ten-year visas subject to applicants meeting specific criteria
In 2020, the apparel and footwear category had the highest share of 33 per cent ($1.3bn) in the UAE retail e-commerce market
The 10-year note, under the Euro Medium Term Note Programme, reached maturity on June 22, 2021
Bitcoin has roughly halved from a record of $65,000 in mid-April
CBD will offer business loans to Network’s retail and ecommerce clients against their Point of Sale machines or payment gateway proceeds
The total value of all sukuk listed by the Indonesian government on the exchange now stands at $19.75bn
In the first quarter, Saudi Arabia’s non-oil economy grew at its fastest pace since 2019
China remained Dubai’s largest trading partner in Q1 2021, with Dhs44bn worth of trade
This was the second USD transaction issued under EDB’s $3bn Euro Medium Term Note programme
Emirates NBD the largest financial services bond issuer on Nasdaq Dubai through seven listings with a total value of $5.1bn
The exchange’s market capitalisation increased 27 per cent during the first quarter of 2021 to Dhs940bn
CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB
The central bank’s foreign assets increased 0.4 per cent year-on-year
Despite a global economic slowdown, the UAE has remained economically resilient, he said
Restaurants and cafes can offer dine-in services starting from Sunday, May 23
The number of visitors to commercial complexes and restaurants will be capped at 50 per cent of capacity
FDI outflows meanwhile amounted to $9.2bn and covered various vital economic sectors
The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit
They will be listed on the exchange’s Second Market in Q2 2021
GCC states have the discretion to zero rate and exempt certain categories of supplies and Oman has used this discretion
The issuance was more than 4.5 times oversubscribed
OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m
The fee for the permit to use the ‘Organic’ logo for organic products (previously Dhs5,000) will be waived
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
Offshore companies comprised 11 per cent of the total number of new companies
Emirates NBD Capital led 24 transactions in Q1 2021 raising over $18bn