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Financials and Investment News in United Arab Emirates

UAE Ambassador to Sudan Meets with Sudanese Minister of Investment.
6/15/2017 - Hamad Mohammed Humaid Al Junaibi, UAE Ambassador to the Republic of Sudan, has discussed with Mubarak Al-Fadil, Sudanese Minister of Investment, bilateral relations between the two countries and ways ...
Dubai: Daimler Invests in Ride-Hailing Firm Kareem’s Latest Funding Round
6/15/2017 - Dubai-based ride hailing firm Careem will step up expansion into new markets after raising $150 million from investors, including German carmaker Daimler and Saudi Arabia's Kingdom Holding.

A...
UAE Central Bank Announces Raise of Interest Rates Applied to Certificates of Deposits Issuance
6/15/2017 - The Central Bank of the UAE has announced that as it will raise interest rates applied to the issuance of its Certificates of Deposits in line with the increase in interest rates on the US Dollar, fo...
Dubai: DP World and Kazakhstan to Build Port Community Trade Corridor
6/15/2017 - DP World and the Kazakhstan government have signed two Memorandums of Understanding, MoUs, for the development of a Port Community System,PCS, and to integrate customs processes ahead of the Astana Ec...
ABU DHABI: Central Bank Holds Forum for Strategic Partners
6/17/2017 - The Central Bank of the UAE is holding a forum for its strategic partners and national agenda executive teams.

The forum comes at the beginning of the Fourth Government Strategic Session 2017...
ABU Dhabi: AED 22 Billion Distributed in Cash Dividends By ADX
6/18/2017 - Abu Dhabi Securities Exchange, ADX, has distributed around AED22.1 billion in cash dividends to investors during the first six months of 2016 on behalf of its listed companies.

ADX Chief Exec...
Abu Dhabi and Techpreneur Africa Global Market Sign Mou to Accelerate Fintech Development
6/19/2017 - TechPreneur Africa, a social impact firm which focusses on harnessing innovation and entrepreneurship to achieve real economic impact across Africa, has signed a Memorandum of Understanding, MoU, with...
DUBAI: Investor Awareness, Improved Regulatory Environment Necessary for GCC Reits to Flourish
6/21/2017 -  Investor sentiment and lack of understanding, along with a weak regulatory environment, are the biggest challenges for the growth of REITs (real estate investment trusts) in the Middle East, accordin...
Dubai: DFM welcomes listing of Orient UNB Takaful
6/22/2017 -  Dubai Financial Market, DFM, welcomed listing of shares of Orient UNB Takaful under the trading symbol OUTFL, which appears on DFM screens, trading system and publications within the Insurance Secto...
Dubai: The Ministry of Human Resources and Emiratisation, Has Signed a Memorandum of Understanding
7/3/2017 - The Ministry of Human Resources and Emiratisation, has signed a Memorandum of Understanding, MoU, with Expo 2020 Dubai Bureau, to promote co-operation and exchange information on inspections, health a...
Emirates Nbd Champions Private Sector Csr Volunteering in Uae
7/4/2017 - Emirates NBD has announced that its award-winning Exchanger programme has completed thirteen thousand seven hours of volunteering so far this year, thus coming close to completing its fifteen-thousand...
Abu Dhabi Investment Authority Publishes 2016 Adia Review
7/4/2017 - The Abu Dhabi Investment Authority, ADIA, published its 2016 ADIA Review, providing a thorough overview of its activities over the past year and outlook for the year ahead.

Established in 19...
Dubai Non-Oil Foreign Trade Rises 2.7% to AED327 Bn in Q1 2017
7/8/2017 - Dubai’s non-oil foreign trade grew 2.7 percent to reach AED327 billion in the first quarter of 2017, compared with the AED318 billion in the same quarter of 2016, according to the data published by Du...
Abu Dhabi: Arab Monetary Fund Reviews Payment Settlement Systems, Financial Inclusion Mechanisms
7/9/2017 - As part of its efforts to develop sound and efficient infrastructure for banking systems in the Arab World, the Abu Dhabi-based Arab Monetary Fund, AMF, has recently discussed reports on central banki...
Collaboration between Dubai International Financial Centre and Dubai Islamic Economy Development
7/12/2017 - Dubai International Financial Centre, DIFC, the leading financial hub in the US$7.4 trillion Middle East, Africa and South Asia, MEASA, region, has signed a Memorandum of Understanding, MoU, with Duba...
Dubai: SEED Completes 33.1 Thousand Licenses During H1, 2017
7/17/2017 - Sharjah Economic Development Department, SEDD, has completed 33,149 issued and renewed licenses in Sharjah in the first half of 2017, according to the data released in its Licenses Annual Report of th...
Emirates: Mof Assigns ‘Mortgage of Movable Property’ Project to EDB
7/17/2017 - The Ministry of Finance, MoF, has assigned Emirates Development Bank, EDB, to create an electronic register to publicise related rights to ‘Mortgage of Movable Property’.

Khalid Ali Al Bustan...
Abu Dhabi: Department of Economic Development Enforces Amendments to Its Table of Fines
7/18/2017 - The Department of Economic Development, Abu Dhabi, has announced the enforcement of amendments made to its Table of Fines in line with the Abu Dhabi Executive Council Resolution No. 47 for 2017 on the...
RAK Chamber-Registered Businesses Increase to 32,801 in H1 2017
7/18/2017 - A total of 32,801 businesses became members of the Ras al-Khaimah Chamber of Commerce and Industry, RAK Chamber, and 10,093 renewed their membership by the end of the first half (H1) of the current ye...
Abu Dhabi: UAE Central Bank Announce Monetary And Banking Developments For June 2017
7/18/2017 - The Central Bank has announced that the Money Supply aggregate M1 increased by 0.5 percent, from AED504.4 billion at the end of May 2017 to AED507 billion at the end of June 2017.

The Money S...

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