The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies
There were a total of 14,854 real estate transactions completed in Q3 this year
The NMC Health founder denies wrongdoing and says he has “complete faith in the justice system of the UAE”
The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland
Companies are reinventing their business models and fast-tracking digital strategies as they prepare for a post-pandemic recovery, opines Hamad Buamim
Officials urge the public to adhere to precautionary measures to ensure the UAE reaches the recovery stage
The Abu Dhabi Judicial Department will organise training courses for judges and prosecutors specialising in money laundering and tax evasion
Changes in law allows small enterprises to fundraise via convertible notes and employee shares schemes
The kingdom hiked its value added tax (VAT) from 5 per cent to 15 per cent in July
Motivate Media Group, along with an expert panel, has selected 20 SMEs as the beneficiaries of the $1m initiative
The six-year bond with a 6 per cent interest rate was 2.1 times subscribed
A new management team was brought into the fund in 2017 to transform the state-owned institution
Markets have been volatile during the final weeks of the campaign as investors fretted over the potential for a contested outcome
The package was approved by the Crown Prince of Sharjah, Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, on Tuesday
The company has put thousands of employees on indefinite leave in recent months
The 2020 elections will show what matters the most to American voters: the stock market performance, or the real economy
However, employment numbers dropped at the fastest rate since June
The International Monetary Fund sees Oman’s economy shrinking 10 per cent this year
The five-year sukuk was oversubscribed nearly three times
He was formerly appointed as CEO of Abu Dhabi National Energy (TAQA)
The new federal budget is 5.2 per cent lower than the 2020 figure of Dhs61.35bn
It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year
Oman REIT Fund is planning an initial public offering that could raise about $100m
The Nasdaq Dubai Growth Market will be operational by early 2021
The overall value of economic support provided by the emirate in 2020 has risen to Dhs6.8bn
The bond has been rated Baa3 by Moody’s and BBB by Fitch
The law does not include the previously proposed quota system for expat nationalities
The UAE, US and Israel also established a $3bn Abraham Fund to help stimulate private sector-led investments across the region
New projects worth over Dhs80bn are either ongoing or envisaged for completion over the next five years
China remained Dubai’s largest trading partner with Dhs66.4bn worth of trade