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Financials and Investment News in United Arab Emirates

UAE Delegation to Kazan Summit Showcases Investment Strengths
5/21/2016 - An official delegation from the UAE has successfully participated at the 8th Kazan International Economic Summit between the Russian Federation and member countries of the Organisation of Islamic Coop...
Abu Dhabi Chamber, Finland and Azerbaijan Discuss Economic Relations
5/21/2016 - Helal Mohammed Al-Hameli, Deputy Director General of the Abu Dhabi Chamber of Commerce and Industry and Riitta Swan, Ambassador of Finland to the UAE have discussed ways to enhance trade and investmen...
Ministry of Finance Strengthens Trust in e-Dirham Security Features
5/21/2016 - The e-Dirham system, launched and managed by the Ministry of Finance (MoF) in partnership with the National Bank of Abu Dhabi, recently received the Certification of Compliance in Payment Card Industr...
UAE: Higher Corporation for Specialized Economic Zones Receives Japanese Delegation
5/24/2016 - Higher Corporation for Specialised Economic Zones, Zonescorp, has welcomed a group of high-level investment professionals from Japan on a visit to the ZonesCorp-managed Industrial City Abu Dhabi 1, IC...
UAE Central Bank Announces M1 Increased to AED493.4 billion
5/29/2016 - The UAE Central Bank has announced that the Money Supply Aggregate M1 increased by 0.6% from AED490.3 billion at the end of March 2016 to AED493.4 billion at the end of April 2016.

Money Supp...
UAE, Korea Sign 3 MoUs
5/30/2016 - The 5th UAE-Korea Economic Joint Committee ended -Monday, May 30, 2016 in the capital of Abu Dhabi. The two-day event focused on enhancing economic cooperation in sectors such as high technology, inno...
UAE Ambassador Meets Ethiopia's Minister of Finance and Economic
6/1/2016 - The UAE Ambassador to Ethiopia, Ghazi Abdullah Salem Al Mahri, met with Abdulaziz Mohammed, Ethiopia's Minister of Finance and Economic Cooperation, in Addis Ababa, the country’s capital.

Th...
Chechen President Hails UAE Support to his Country
6/4/2016 - Chechen President Ramzan Kadyrov has praised the UAE leadership for the assistance extended to the Chechen people, stressing that the UAE plays a key role in supporting the economic development proces...
UAE :Jafza Delegation Concludes Successful Visit to China
6/5/2016 - A high-level delegation from the Jebel Ali Free Zone, Jafza, led by Sultan Ahmed bin Sulayem, DP World Group Chairman, CEO and Chairman of the Ports, Customs and Free Zone Corporation, has concluded a...
HH Sheikh Mohamed bin Zayed, Kerry discuss Latest Regional and International Developments
6/9/2016 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and visiting US Secretary of State John Kerry took stock of the latest ...
UAE: MoF and UAE Central Bank Sign Cooperation Agreement
6/12/2016 - The Ministry of Finance, MoF, has signed a cooperation agreement with the UAE Central Bank at its premises in Abu Dhabi. The agreement aims to enhance cooperation in areas of joint work, including mon...
UAE: Ministry of Economy Inspects Abu Dhabi Fruits & Vegetables Market
6/12/2016 - The Ministry of Economy organised an inspection of the fruits and vegetables market at the Port Zayed area in Abu Dhabi. The visit, led by Dr. Hashim Al Nuaimi, Director of the Ministry’s Consumer Pro...
Foreigners Purchase Shares Worth AED 570.7 mn on Dubai Financial Market
6/16/2016 - Foreign investors purchased AED 570.7.2 million worth of shares on Dubai Financial Market (DFM) and sold AED 666.5 million over the week, DFM said.

Net foreign investment on the market reac...
ATFP Approves 117 Requests for Financing Trade Deals at US$ 249 million
6/16/2016 - The Arab Trade Financing Program (ATFP) has approved 117 requests for financing trade deals worth US$249 million during its board meeting, which was dedicated to reviewing trade finance activities dur...
Infrastructure works for Expo 2020 Dubai site to begin this summer
6/27/2016 - Minister of State for International Cooperation and Director General of Expo 2020 Dubai Bureau, Reem bint Ibrahim Al Hashimy today confirmed that infrastructure works on the Expo site are set to begin...
National Bank of Abu Dhabi and First Gulf Bank agree to merge
7/3/2016 - The boards of directors at National Bank of Abu Dhabi NBAD.AD and First Gulf Bank FGB.AD have recommended merging the two lenders, a joint statement said, with the deal expected to be completed in the...
UAE's Non-oil Foreign Trade at AED269.5bn in Q1 2016
7/9/2016 - The UAE's direct non-oil trade recorded AED 269.5 billion during the first quarter of 2016, maintaining almost the same figures achieved in Q1 last year, said the Federal Customs Authority (FCA).
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Dubai business conditions strengthen in June
7/11/2016 - The Emirates NBD Dubai Economy Tracker has said that business conditions strengthened in June amid the fastest rise in new work since March 2015.

June data pointed to a sustained recovery in ...
MoF and Abu Dhabi Global Market Sign MoU
7/12/2016 - Following its commitment to exchange tax information according to international requirements and sign agreements on the avoidance of double taxation, the Ministry of Finance recently signed a Memorand...
HH Sheikh Abdullah bin Zayed Meets Hungarian Minister of Economy
7/14/2016 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Mihaly Varga, the Hungarian Minister of National Economy, in the country's capital, Budape...

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