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Financials and Investment News in United Arab Emirates

ACCI Participates in Cosmetista Expo North & West Africa in Casablanca
6/20/2022 - The participation of Ajman Chamber of Commerce and Industry (ACCI), along with a delegation from Ajman perfume-producing factories, in the "Cosmetista Expo North & West Africa" being held in Casablanc...
IMI Announces Groundbreaking Partnership With CNN yo Launch 'CNN Business Arabic'
6/20/2022 -  International Media Investments (IMI) and CNN International Commercial (CNNIC) have signed an agreement for a partnership that will see the creation of CNN Business Arabic, a dedicated digital busine...
AED34 Bn Cash Dividends Approved by Listed Public Joint Stock Companies for 2021
6/22/2022 - To the tune of AED34.4 billion in dividends for 2021 were approved by the listed public joint stock companies in the UAE, according to the Securities and Commodities Authority (SCA)'s Annual Report 20...
Uae Participates in First G20 Joint Finance And Health Ministers Meeting
6/22/2022 - The Ministry of Finance (MoF) and the Ministry of Health and Prevention (MoHAP) participated in the first G20 Joint Finance and Health Ministers Meeting, which was held under the Indonesian Presidency...
Ministry of Industry and Advanced Technology Signs Agreement With DUBAL Holding
6/22/2022 - The Ministry of Industry and Advanced Technology (MoIAT) and DUBAL Holding, the investment arm of the Dubai Government in the commodities, mining, power, energy, and industrial sectors, signed an agre...
Ajman Free Zone Witnesses 33 Percent Increase in Corporate Tax Companies
6/23/2022 - Ajman Free Zone has recorded a significant increase of 33 percent in the number of corporate tax institutions, offering a wide range of financial and tax consultancy services, as it continues to witne...
Dubai Records AED1.7 Bn Realty Transactions Wednesday
6/23/2022 - Dubai real estate market recorded 486 sales transactions worth AED1.31 billion, in addition to 93 mortgage deals of AED360.57 million, and 10 gift deals amounting to AED30.74 million , data released b...
SCCI Showcases Sharjah’s Tourism Attractiveness to Macedonian Economic Delegation
6/26/2022 - The Sharjah Chamber of Commerce & Industry (SCCI) organised a business meeting with the Embassy of the Republic of North Macedonia in the UAE and the Sharjah Commerce and Tourism Development Authority...
Global Stocks Gain Sharply for Week
6/26/2022 - Stocks on global markets rallied and registered strong gains for the week as a recent slide in commodity prices eased worries about inflation and the rate hike outlook, Reuters reported.

T...
Saudi Arabia Announces Investment Opportunities In Vaccines.
6/26/2022 - Bandar bin Ibrahim Alkhorayef, Saudi Minister of Industry and Mineral Resources and Chairman of the Manufacturing Vaccines and Vital Medicines Committee, announced the launch of several investment opp...
Global Trade Expected to Grow Steadily, Dubai Multi Commodities Centre Report Finds
7/6/2022 - Global trade, which hit a record high of US$28.5 trillion in 2021, is expected to grow steadily in 2022 and the coming years as a new era of multilateralism – underpinned by regionalisation, trade in ...
Emiratis Dominate Forbes' List of Top 100 Ceos in Middle East
7/6/2022 -  Emiratis dominated this year’s list of the Top 100 CEOs in the region, with Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu ...
EGA Awarded 'Green Industries' Label for Environmental Performance
7/18/2022 -  Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside of oil and gas, has been awarded an honourary "Green Industries" label by the Environment Agency - Abu Dh...
Dubai Chamber of Commerce Sees Record Membership Growth in H1 2022
7/18/2022 - Dubai Chamber of Commerce - one of the three chambers operating under Dubai Chambers - has achieved a record growth in new membership in the first half of 2022, as more than 21,000 companies joined th...
Value of Emirati-French Trade Totalled AED256.1 Billion Over 10 Years
7/18/2022 - The ongoing growth in trade between the UAE and France underscores their strong economic partnership and deep-rooted relations, supported by their leadership.

The visit of President His Hi...
Aramco's Q2 Net Income Rises 90% Yoy To $48.4 Billion
8/14/2022 - The Saudi Arabian Oil Company (Aramco or the Company) today announced its financial results for the second quarter of 2022, posting a 90% year-on-year (YoY) increase in net income and declaring a divi...
World Green Economy Summit in Dubai Supports UAE’s Preparations for Hosting COP28 Next Year
8/14/2022 - Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, Dubai Electricity and Water Authority (DEWA), and the World Green Economy ...
SCTDA Launches ‘Holiday Homes Project’ To Diversify Economic Growth
8/14/2022 - Sharjah Commerce and Tourism Development Authority (SCTDA), in cooperation with several government and private agencies and institutions in the emirate, has launched a regulatory framework, the Sharja...
22% Growth in Commercial Licencing Business in First Half of 2022
8/16/2022 - The Department of Planning and Development - Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, completed about 16,000 transactions through its Licencing Department during t...
Touchless Technology, Crowd-Tracking Sensors And Real-Time Data
8/17/2022 - The Fourth Industrial Revolution (4IR) technologies, including such innovations as crowd-tracking sensors to collect real-time data, mixed reality and metaverse, will define the future of megaevents i...

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