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Financials and Investment News in United Arab Emirates

UAE, Kyrgyzstan Establishing New Era of Economic Cooperation: Abdullah Al Marri
6/1/2022 -  Abdullah bin Touq Al Marri, Minister of Economy, said the UAE and Kyrgyzstan are establishing a new era of economic cooperation led by their private sectors, which will double the value of their trad...
EDB Signs Mou With Hamriyah Free Zone And Sharjah Airport International Free Zone
6/1/2022 - The Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has signed a Memorandum of Understanding (MoU) with the Hamriy...
Mansour Bin Zayed Chairs Ministerial Development Council's Meeting
6/1/2022 - Chaired by H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, the Ministerial Development Council held its meeting today, Wednesday 1st June, 2022, at...
Ministry of Economy, IFPI to Develop System to Protect Rights of Authors, Creators in UAE
6/2/2022 - The Ministry of Economy (MoE) has signed a Memorandum of Understanding (MoU) with the International Federation of the Phonographic Industry (IFPI), a non-profit organisation, to chalk out new mechanis...
ADX's Market Capitalisation Grew By 25%
6/7/2022 - The Abu Dhabi Securities Exchange (ADX)’s market capitalisation opened above AED2 trillion (US$545 billion) on Monday 6th June for the first time in its history, marking a landmark milestone that has ...
Al Etihad Credit Bureau, Tradeling to Offer Better Credit Facilities for Businesses
6/7/2022 - Al Etihad Credit Bureau (AECB) has announced the signing of an agreement with Tradeling, the Middle East and North Africa’s dominant eCommerce platform focused on business-to-business (B2B) transactio...
Dubai’s Yiwu Market Eyes Trade Revolution as Grand Opening Nears
6/7/2022 - Scheduled to open soon in the Jebel Ali Free Zone (Jafza), Yiwu Market will be the first smart free-zone market in the Middle East to cater to the retail and wholesale industries.

The mark...
ADX's Market Capitalisation Grew by 25%
6/7/2022 - The Abu Dhabi Securities Exchange (ADX)’s market capitalisation opened above AED2 trillion (US$545 billion) 6th June for the first time in its history, marking a landmark milestone that has made the r...
Khalifa Fund for Enterprise Development Releases Uae Consumer Survey Report
6/7/2022 - Khalifa Fund for Enterprise Development has released the results of the UAE Consumer Survey, which was aimed at gaining key insights on consumer behaviour across multiple areas, including marketing, s...
UAE Participates In 116th Meeting of GCC Financial And Economic Cooperation Committee
6/13/2022 - Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, recently headed the UAE delegation participating in the 116th meeting of the GCC Financial and Economic Cooperation Committee.
Dubai Government Transactions Can Now Be Paid By Debit Cards
6/13/2022 - The Dubai Government’s Department of Finance (DoF) said that customers with all government entities can benefit from the development in paying transaction fees with direct debit cards linked to their ...
Arab Trade Financing Programme Approves $343mn in Funding Requests in Q1-2022
6/15/2022 - The Board of Directors of the Arab Trade Financing Programme (ATFP) approved 30 funding requests for trade projects worth US$343 million in the first quarter of 2022, during its 13th meeting held at i...
Tecom Group to List 12.5% of Shares on Dubai Financial Market Tomorrow
6/15/2022 - Dubai’s Tecom Group, a member of the Dubai Holding group, will open tomorrow an initial public offering (IPO), listing part of its ordinary shares for trading on the Dubai Financial Market (DFM).
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Insiders’ Trading Prohibition Period Starts on June 16th: ADX
6/15/2022 - Abu Dhabi Securities Exchange (ADX) announces that Insiders’ Trading prohibition period starts on 16th June, 2022 pending the full disclosure of the 2nd Quarter 2022 financial statements.

...
Dubai International Chamber Expands Latin America Presence With Opening of Mexico Office
6/16/2022 - Dubai International Chamber has opened its new representative office in Mexico City as part of efforts to strengthen the Chamber's presence in Latin America and explore new avenues of bilateral econom...
Gold Prices Fell Globally After US Interest Rate Hike
6/16/2022 - Gold prices inched lower , as the dollar recovered slightly after the US Federal Reserve approved a 75-basis-point interest rate hike, its largest in more than a quarter of a century, to stem a surge ...
CBUAE Raises The Base Rate at 75 Basis Points
6/16/2022 - The Central Bank of the UAE (CBUAE) has decided to raise the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points,

This decision was taken following the US Feder...
Al Seer Marine Acquires VLCC’s Valued at AED404 Million
6/20/2022 - Al Seer Marine PJSC (ASM), a global player across multiple marine sectors and subsidiary of International Holding Company (IHC), has acquired two Very Large Crude Carriers (VLCC) for its growing fleet...
Abu Dhabi Chamber Discusses Economic Cooperation With Mexico
6/20/2022 - Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber of Commerce and Industry, received Luis Alfonso De Alba Gongora, Ambassador of Mexico to the UAE, and the accompanying delegation at ...
Second Auction of Treasury Bonds Continues to Achieve Exceptional Results
6/20/2022 - The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and payment agent, has announced the resu...

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