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Financials and Investment News in United Arab Emirates

Amendments to Law on Commercial Agencies Provide More Protection: Minister of Economy
1/19/2020 -  Sultan bin Saeed Al Mansouri, Minister of Economy, said that the UAE Cabinet’s approval of various amendments to a law on commercial agencies is a key step to issuing a related amended law at a feder...
Finance Ministry Announces '2018 Consolidated Annual Report' Results
1/22/2020 - The Ministry of Finance, MoF, announced this morning the results of the 2018 Consolidated Annual Report of the federation, and the final accounts of independent entities.

The announcement c...
AED14.8 Bn Grants Provided By UAE in Nine Months
1/26/2020 - The value of grants provided by the UAE in the first nine months of 2019 amounted to AED14.8 bn, a growth of 8 percent from AED13.7 bn in the same period of 2018, according to figures released by the ...
Mof Hosts First Meeting of Saudi-Emirati Joint Working Group
1/26/2020 - The UAE Ministry of Finance recently hosted the first meeting of the Saudi-Emirati joint working group at the ministry’s headquarters in Dubai, as part of its continuous efforts to promote collaborati...
Hawkamah and IMF Focus on Key Trends Impacting Governance of Central Banks
1/26/2020 - Hawkamah, the Institute for Corporate Governance, and the International Monetary Fund, IMF, convened the sixth high-level Central Bank Governance Forum in Dubai from 21st-23rd January, 2020.

...
Arab Monetary Fund Announces Inclusion of Saudi Riyal in Buna Payment Platform
1/26/2020 - The Arab Monetary Fund has announced the inclusion of the Saudi Riyal along with the U.S. Dollar and Euro among other initial currencies to be supported and settled by the Buna Payment Platform.
UAE's Central Bank, Astana Financial Services to Enhance Cooperation
1/28/2020 - Central Bank of the UAE, CBUAE, and Astana Financial Services Authority, AFSA, have entered into a Memorandum of Understanding to enhance cooperation between the two sides.

The MoU - which ...
Moody's Upgrades Dubai Aerospace Enterprise to Investment Grade, With Stable Outlook
1/29/2020 - Moody’s Investors Service has upgraded the corporate family rating of Dubai Aerospace Enterprise, DAE, Ltd to Baa3 from Ba1, and the senior unsecured rating of subsidiary DAE Funding LLC to Baa3 from ...
Non-Oil Gdp Growth in Ajman Accounts For 3.6% in 2018
1/29/2020 - The non-oil GDP in Ajman achieved a 3.6 percent growth in 2018, according to the emirate's annual economic report 2019 issued by the Department of Economic Development covering the emirate's economic ...
UAE, US Discuss Ways to Increase Trade Exchange
1/30/2020 - Abdullah bin Ahmed Al Saleh, Under-Secretary of the Ministry of Economy for Foreign Trade Affairs, and Ian Steff, Assistant Secretary for Global Markets and Director-General of the United States and F...
Invest In Sharjah Named 'Best FDI Agency 2019 - UAE'
1/30/2020 -  The Sharjah FDI Office, Invest in Sharjah, operating under the Sharjah Investment and Development Authority, has been named the ‘Best FDI Agency 2019 – UAE’ by International Finance, a premium busine...
Central Bank to Implement Newly Proposed 'Dirham Monetary Framework'
2/3/2020 -  The Board of Directors of the Central Bank of the UAE, CBUAE, recently held their first meeting this year under the chairmanship of Hareb Masood Al Darmaki, the Chairman of the Board.

The ...
Total Production of Abu Dhabi's Economic Activities Hits AED 1.268 Trillion in 2018
2/3/2020 - The total production of all economic activities in the Emirate of Abu Dhabi amounted to AED 1,268.1 billion in 2018 from AED 1,120.5 billion in 2017, according to an economic survey released by the St...
Trade between UAE, Senegal Totals AED9.1 Billion in Five Years
2/5/2020 - The commercial and economic ties between the UAE and Senegal have witnessed recent significant developments, with the value of their trade from 2014 to 2018 amounted to AED9.1 billion, according to st...
Tax Exemptions for UAE Sovereign Investments in India in Infrastructure Sector
2/6/2020 - In line with its ongoing efforts to create an ideal investment environment internationally, the UAE, in coordination with the relevant authorities in India, has managed to reach tax exemptions for the...
Emirates NBD Remains UAE’s Top Banking Brand, Valued at US$4.13 Billion
2/9/2020 - Emirates NBD continues to be the UAE’s most valuable banking brand, with a brand valuation of US$4.13 billion, as stated in the latest edition of The Banker's annual brand valuation league table.
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Emaar Malls Closes 2019 With 5% Growth in Revenue
2/9/2020 - Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, recorded a five percent increase in revenue to AED4.673 billion (US$1.272 billion), compared to AED4.446 billion...
Dubai Global Capital for Shaping Future of New Economy, Hamdan Bin Mohammed Says
2/10/2020 -  H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and Chairman of the Board of Trustees of Dubai Future Foundation said that succes...
UAE Stocks Close in Green Monday
2/10/2020 - The UAE's two main bourses rallied today driven by selective purchases targeting a number of blue chips at the property and banking sectors amidst positive sentiments created by the financial statemen...
AED22 Billion Surplus Liquidity Withdrawn by UAE Central Bank in 2019
2/10/2020 - The value of the liquidity withdrawn by the Central Bank of the UAE, CBUAE, from the market in 2019 totalled AED22 billion, highlighting the surplus liquidity in the UAE’s banking system.

T...

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