The UAE aims to attract Dhs550bn worth of foreign investments to the country by 2030
The stock is expected to start trading in Dubai around April 12
Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year
The official signing of agreement is expected to follow in the coming weeks
The bank’s strategy involved direct and indirect financing of 1,350 SMEs across priority sectors
It is part of the kingdom’s efforts to support Egypt’s economy
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
There are now more than 287,000 member companies of the organisation
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
Muvi Cinemas is Saudi Arabia’s first homegrown cinema brand
The bond is the first issuance of its kind for a Jordanian bank on the exchange
The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors
It has priced its initial public offering of 10,000,000 units of Shuaa Partners Acquisition Corp I at $10 per unit
Spot gold rose as much as 1 per cent to $1,928.80 an ounce, the highest level since January 2021
The USTZ will be initially spread across approximately 1.11 million sq m and built at a cost of around BHD75m
Last year, the financial centre also recorded its highest ever annual revenue and operating profit
Mubadala Capital manages over $10bn of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses
Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide
The kingdom’s economy expanded 6.8 per cent in the fourth quarter of 2021
It also aims to support the international expansion of 100 Dubai-based companies
The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000
It ranked third globally in attracting greenfield foreign direct investments
Its general and administrative expenses at the end of last year stood at Dhs576.8m, compared to Dhs561.5m in 2020
The 30 listings undertaken in 2021 were 15.5 per cent higher than the number of listings the previous year
The growth in the oil sector’s gross domestic product is set to be at 5 per cent this year
It includes an expenditure of nearly Dhs60bn in 2022
Gulf Arab energy firms borrowed $30.5bn in 2021, the highest level in at least 25 years
The total value of the Kuwaiti bank’s sukuk on the exchange stands at $898m
The GCC and UK already cooperate in many areas including security, foreign policy, trade and investment
The project will include four landmarks – an opera House, museum, sports stadium and oceanarium, as well as 17,000 residential units