Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021
The non-oil economy shrank an annual 0.8 per cent in the fourth quarter
It confirmed a minimum Dhs2.57bn dividend for 2022
The Central Bank of the UAE projects the country’s real GDP to increase by 2.5 per cent in 2021
The new initiative offers expatriate workers labour mobility and amends existing exit procedures
The three-year freeze on government fees was first announced by Sheikh Hamdan in March 2018
IHC’s total assets increased to Dhs14bn as of December 31, 2020, from Dhs4bn a year earlier
A 12-hour nightly curfew – from 5pm to 5am – will be in place for one month starting Sunday, March 7
Most of the Covid-19 restrictions have been lifted starting Sunday, March 7
The new decision allows expat government employees and those on dependent visas to transfer to jobs in the private sector
The bank recorded a a full year 2020 net profit of Dhs10.6bn
Soudah Development will build 2,700 hotel rooms and 1,300 homes in an area that includes Soudah, the tallest peak in Saudi Arabia
Dubai Customs revealed the figures ahead of Kuwait’s 60th National Day which falls on February 25
Leaders also personally honoured the UAE’s Hope Probe team at the retreat
In 2020, there were 19,000 transactions executed, including sales and mortgages of land, buildings and real estate units for all types of land use
Health clubs, salons, barbershops, celebration halls and tents are already closed in the country
The ministry said that it is implementing 129 development projects as part of a five-year plan
The new decision, which does not apply to private sector firms, will take effect from January 1, 2024
The restrictions were initially put in place on February 4 for a period of 10 days
The exchange house reportedly has a weak anti-money laundering and combating financing of terrorism compliance framework
Saudi Arabia was hit hard last year as a drop in crude prices decimated government revenue while measures to stop the spread of the coronavirus limited economic activity
Covid-19 remains the top concern for UAE investors, followed by climate change
Health clubs, salons and barbershops have been closed for a month, while malls and shops need to stay shut from 8pm until 5am
The value of securities traded on the exchange increased 28 per cent to Dhs72.8bn in 2020 from Dhs56.8bn in 2019
It included Dhs4.42bn of imports, Dhs600m of exports, and Dhs380m of re-exports
Officials have also banned all types of gatherings, including for national holiday celebrations later this month
The centralised portal offers services such as commercial licensing in which government permits and approvals can be obtained without the need to physically visit any service centre
Al Tameemi has over 30 years of experience in various entities including being a board member in the Central Bank
Israel is looking into the potential of trailers and lorries carrying goods from the UAE reaching Israel in three days, and vice versa
The Tourism Establishment Survey will provide data on the industry, including the size of the workforce, pay and revenue and expenditure