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Financials and Investment News in United Arab Emirates

RAKBANK Launches US$ 250 Million 3-Year Syndicated Term Loan Facility
8/8/2017 - National Bank of Ras al-Khaimah (RAKBANK) announced that it has mandated Bank ABC (Arab Banking Corporation (B.S.C.)), First Abu Dhabi Bank PJSC (FAB), and Standard Chartered Bank as the Initial Manda...
Abu Dhabi: UAE-China Trade Exchange Surges to AED520.6 Billion in 3 Years
8/9/2017 -  China continues to top the list of UAE's major trade partners for the third straight year, with total bilateral trade exchange amounting to AED520.6 billion from 2014 through 2016, according to Minis...
Dubai's DXBE, Industries Qatar Drop on Weak Q2 in Early Trade
8/9/2017 - Shares of Dubai theme park operator DXB Entertainments sank in early trade because of weak interim earnings, while Doha's Industries Qatar was also down after its quarterly net income missed analysts...
Abu Dhabi: ADNOC Distribution Announces New Retail Price of Subsidised LPG for August
8/10/2017 - ADNOC Distribution has announced the new retail price of unsubsidised LPG cylinders for August.

As per the announcement that is made on the 10th of every month, the new retail price is as fo...
Abu Dhabi: Total Short-Term Deposits in UAE Banks Surge to AED439.7 Billon in H1
8/13/2017 - Short-term deposits in UAE banks increased by AED27.9 billion during H1, bringing to AED439.7 billion the total value of short-term deposits by the end of June, according to UAE Central Bank statistic...
DUBAI: Community Development Authority In Dubai Forecasts Future of Government Work
8/13/2017 - The 10X initiative team at the Dubai Community Development Authority, CDA, has concluded a series of interactive brainstorming sessions aimed at accelerating social initiatives in the emirate and tran...
Abu Dhabi: Mohamed Bin Zayed Receives ADX Delegation
8/14/2017 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation from the Abu Dhabi Securities Exchange, ADX, at ...
UAE Investments in Egypt Have Reached $4.9 Billion
8/15/2017 - The Emirati ambassador in Egypt Gomaa Mubarak Al-Jneibi praised the relations between his country and Egypt, saying the UAE is one of the biggest Arab investors in Egypt at $4.9 billion in investment...
UAE Ambassador And Australian Minister of Trade Discuss Economic Relations.
8/15/2017 - Dr. Obaid Al Heri Salem Al Ketbi, UAE Ambassador to Australia, has met with Steven Ciobo, Minister for Trade, Tourism and Investment.

The two officials discussed the distinguished economic re...
Abu Dhabi: AED 123 Billion Monetary Deposits in Central Bank in 6 Months
8/16/2017 - The total value of monetary deposits at the UAE Central Bank amounted to AED123 billion during H1 2017, AED122.95 billion of which are in banknotes and AED50 million in coins.

On a month-over...
Abu Dhabi Global Market Launches 1st Foundations Regime in The UAE
8/16/2017 - Abu Dhabi Global Market, ADGM, the International Financial Centre in Abu Dhabi, has announced the launch the first-of-its-kind Foundations regime in support of more effective structures for wealth pre...
UAE-US Non-Oil Trade Amounts to Over AED 111.1 Billion in 2016: Minister of Economy
8/22/2017 - Non-oil trade between the UAE and the USA hit more than AED111.1 billion - US$30.3 billion- by the end of 2016, including free zone trade, against $27.8 billion in 2015, said Sultan bin Saeed Al Manso...
Abu Dhabi: Industrial Development Bureau Officials Visit Three New Factories in Emirate of Abu Dhabi
8/22/2017 - Officials from the Industrial Development Bureau of the Department of Economic Development, visited three new factories in the Emirate of Abu Dhabi, which started their operation in 2017 with a total ...
Dubai: RTA to Host First Emirati-French Business Engagement Summit Next Month
8/22/2017 - The Roads and Transport Authority, RTA, in collaboration with the French Business Council in Dubai and Northern Emirates, will host the first Emirati - French Business Engagement Summit on 25th Septem...
Dubai-Hong Kong Trade Given Fresh Momentum
8/23/2017 - As part of its mandate to facilitate trade from Dubai and create an enabling environment for Dubai’s exporters, Dubai Exports, the export promotion agency of Dubai Economy, has expanded its network wi...
Central Bank Withdraws AED8.2 Billion of Surplus Liquidity
8/24/2017 - The UAE Central Bank has withdrawn AED8.2 billion out of excess liquidity in the market during July after it pumped AED11.3 billion in June.

The move fits within the Central Bank's mandate to...
Emirates Glass Awarded Mega Projects Worth AED 100 Million in UAE, Kuwait, Saudi Arabia
8/26/2017 - Emirates Glass, a subsidiary of Dubai Investments PJSC, has announced significant growth in profitability in the first half of 2017, with mega projects worth AED100 million awarded to the company acro...
Dubai: FTA Debuts Website to Help Businesses Navigate UAE’s New Tax System
8/26/2017 - The Federal Tax Authority, FTA, has launched its website, providing businesses and consumers with a wealth of information on the upcoming introduction of excise tax and VAT in the UAE.

The FT...
Dubai: Malaysian Exporters to Promote Halal Exports Worth $9.79 Bn at Halal Expo Dubai 2017
8/27/2017 - Exporters from Malaysia, the world’s largest producer and exporter of Halal food products, are going to showcase the country's multi-billion dollar Halal industry, that last year recorded US$9.79 bill...
Dubai: DFSA and Hong Kong’s SFC Sign Fintech Cooperation Agreement
8/28/2017 - The Dubai Financial Services Authority, DFSA, and the Securities and Futures Commission, SFC, in Hong Kong today entered into an agreement to establish a framework of cooperation on financial technolo...

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