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Financials and Investment News in United Arab Emirates

DHABI: Tabreed Acquires ICT’s District Cooling Plant
1/18/2017 - The National Central Cooling Company, Tabreed, the leading UAE-based district cooling utility company, announced the acquisition of a district cooling plant from International Capital Trading , ICT.<...
Dubai :Strong Q4 Results Set to Boost Saudi Arabia
1/19/2017 - Solid fourth-quarter results from Saudi Arabian blue chips may help boost the stock market there while an overnight pull-back in oil and equity prices could constrain other Gulf markets.

The...
Dubai and Shurooq SME Form Pioneering Partnership to Develop UAE’s SME Sector
1/22/2017 - As part of its strategy to enhance cooperation with government departments in advancing business and entrepreneurship, the Sharjah Investment and Development Authority, Shurooq, has signed a ground-br...
Dubai South, Deyaar Sign Mou to Build New Development
1/22/2017 - A new multi-purpose development will be built on an area of 1.27 million sq feet in Dubai South, according to a memorandum of understanding, MoU, signed by Dubai South, the master developer of an emer...
DHABI: NBAD Issues Global Investment Outlook 2017
1/22/2017 - The National Bank of Abu Dhabi, NBAD, has published its Global Investment Outlook, GIO, 2017, report, examining the trends and issues likely to dominate the global and regional economic and investment...
DHABI: UAE Central Bank Announces M1 Increased to AED474.0 Billion by end Of December 2016
1/22/2017 - The UAE Central Bank has announced that the Money Supply aggregate 'M1' increased by 0.3% from AED472.6 billion at the end of November 2016 to AED474.0 billion at the end of December 2016.

In...
DHABI: CFA Society Emirates to host Middle East Investment Conference 2017
1/23/2017 - CFA Society Emirates, the Association of CFA Charter holders and members in the UAE, will host the 8th Middle East Investment Conference, MEIC, next month in Abu Dhabi.

As significant shifts ...
Dubai Trade Shortlists Nominees for 9th E-Services Excellence Award
1/24/2017 - Dubai Trade, the single window for cross-border trade and a DP World company, has shortlisted nominees for its 9th e-Services Excellence Award, ESEA.

Winners will be announced at the annual a...
DUBAI: AMAF and IDB Sign Agreement to Enhance Collaboration
1/24/2017 - The Awqaf and Minors Affairs Foundation, AMAF, has signed a Memorandum of Understanding, MoU, with the Islamic Development Bank, IDB, to step up collaboration in areas related to endowment services an...
Abu Dhabi Ministry of Economy signs agreements with TRA and DED
1/30/2017 - The Ministry of Economy signed an agreement and a Memorandum of Understanding with two government institutions to sustain its successes and accelerate growth in patent registrations.

The agre...
Gulf Bank posts KD 43 mln in net profits
1/30/2017 - The Gulf Bank recorded a net profit of KD 43 million (earnings per share of 15 fils), an increase of 10 percent over the previous year.

Gulf Bank Chairman Omar Kutayba Al-Ghanim said the Boa...
Dubai Islamic Economy Development Centre Launches Enhanced Islamic Economy Strategy for 2017-2021
1/31/2017 - The Dubai Islamic Economy Development Centre, DIEDC, launched its enhanced Islamic Economy Strategy for 2017-2021 under the directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown P...
DHABI: Siemens Contributes AED4.5bn to UAE Economy
1/31/2017 - After almost four decades of operating in the UAE, Siemens has quantified its contribution to society through its operations in a report entitled, "In the UAE, for the UAE – Making real what matters"....
DUBAI: DFSA Proposes Framework for Loan-Based Crowd funding to Support SME Financing
1/31/2017 - The Dubai Financial Services Authority, DFSA, launched a consultation on its proposed framework for regulating loan-based crowdfunding platforms.

The consultation is the first in a series of...
Dhabi: Mof Receives Bsi Group Certificate
2/1/2017 - The Ministry of Finance, MoF, has announced that it has received certification for the PAS 99:2012 Integrated Management System, including ISO 20000, ISO 27001, and ISO 22301.

Commenting on t...
UAE: Annual Investment Meeting to tap into space technologies
2/2/2017 - The 7th edition of the Annual Investment Meeting, AIM, will tap into space technologies. The UAE’s investments in space technologies currently exceeds AED20 billion.

Held under the patronage ...
Dhabi: Margin Trading Finances Touch AED15.2bn in ADX
2/5/2017 - Abu Dhabi Securities Exchange (ADX) announced that margin trading financing reached AED15.2 billion in 2016, representing 15.4 percent of the total trading value (buy and sell), which amounted to AED9...
DHABI: Trading and Business Matchmaking to be Core Focus of Global Value Chain Market Platform
2/5/2017 - The Global Manufacturing and Industrialisation Summit, GMIS, being held in Abu Dhabi in March announced details of one of the summit’s showcase events, the Global Value Chain Market, GVCM, which is d...
DHABI: Ministry of Economy Chairs Trade Delegation to UAE-Moldovan Business Forum
2/6/2017 - The Ministry of Economy is to lead a trade delegation to the UAE-Moldovan Business Forum, which is taking place on 8th and 9th February, in the Moldovan capital, Chisinau.

The UAE delegation ...
Dubai outperforms early on in otherwise lethargic Gulf
2/6/2017 - Most stock markets in the Gulf moved little in early trade because of flat global equity markets and crude oil prices, but Dubai outperformed on the back of advances in mid-to-large sized companies.

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