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
The new equity futures platform is slated to launch on October 18
It is aimed at helping small and medium enterprises enhance their competitiveness
The sultanate has warned of strict action against violators
The service centre in Dubai’s Al Twar area was shut down after its opening ceremony was found to be “overcrowded”
The kingdom resumed the Umrah pilgrimage on October 4 in phases
ADIO will help connect Israeli companies with strategic entities and grant them access to resources in Abu Dhabi
Those found guilty will also be liable to pay a fine of not less than Dhs200,000
The 10-year Euro Medium Term Note Programme reached maturity on October 5
Nearly half of young Arabs have considered leaving their country, due to lack of opportunities and corrupt governance, finds annual Asda’a BCW survey
The latest listing brings the bank’s current sukuk value on the exchange to $1.5bn
The smartSCF platform will provide automated tools to optimise working capital and reduce transaction costs
The commercial potential of agreements between the UAE and Israel is estimated at $500m per annum across several key sectors
A total of 137 countries imported products from Ras Al Khaimah
DAFZA will provide incentives to Israeli companies wishing to establish their businesses within the emirate
While 150 expats have been fired, another 400 are expected to receive termination letters, local media reported
Last year, the emirate’s exports to Saudi Arabia grew 156.7 per cent to Dhs25.76bn from Dhs10.03bn in 2010
A total of Dhs44.38bn has been withdrawn until end June
Travellers must present negative Covid-19 results prior to boarding and take another test upon arrival in Sharjah
In H1 2020 alone, Dubai’s external trade with Saudi reached Dh24bn
The draft law gives the government six months to determine the number of expats needed by the country