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
Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially
The list of sectors and the regulations associated with their entry into the local market will be announced by the UAE Cabinet ‘soon’
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
The partial curfew will continue to be in place from 7pm until 5am
Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year
Dubai ranked fourth globally in FDI capital flows into greenfield projects
Emirates will offer discounted fares for attendees of the Sharjah Entrepreneurship Festival and to startups relocating to the UAE through Sheraa’s initiatives
Over 6,000 new member companies joined Dubai Chamber in the first three months of 2021
China remained Dubai’s largest trading partner with Dhs142bn worth of exchanges in 2020
Agricultural and food products were the main commodities in Dubai’s trade with South Africa
The total value of the bank’s sukuk listed on Nasdaq Dubai stands at $17.14bn
Saudi PMI Index fell from 53.9 in February to 53.3 in March
IHS Markit UAE PMI Index rose from 50.6 in February to 52.6 in March
The government has OMR1.83bn left to raise after so far borrowing OMR1.77bn and withdrawing OMR600m from the Oman Investment Authority
The Dubai Creative Economy strategy aims to double the creative industries’ GDP contribution to 5 per cent of Dubai’s economy by 2025
A region already suffering from chronic youth unemployment must innovate and train the next generation
The overall regional tree planting programme (with 50 billion trees) is claimed to be the largest reforestation programme in the world
The investments will focus on strategic sectors in Indonesia, including infrastructure, roads, ports, tourism and agriculture, among others
The nightly curfew timing has been reduced by one hour
The ban was imposed by the country on February 7 as part of measures to curb the spike in the number of coronavirus cases