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Financials and Investment News in United Arab Emirates

Emirates NBD Lifts Dubai, Saudi Triggers Bullish Technical Signal
3/11/2018 - Most Gulf stock markets were higher in early trade as a leap by Dubai’s biggest bank, Emirates NBD, pulled that index up sharply.

The Dubai index, which had been languishing at two-year lows,...
Takaful Emarat Reports 25% Increase in 2017 Net Profit
3/11/2018 - Takaful Emarat announced that net profit for the twelve-month period ended 31st December 2017, was AED18.8 million, up 25 percent from the Company’s 2016 net profit of AED15 million.

Mohamme...
Abu Dhabi: H.H. Sheikh Hamed bin Zayed Receives Indian Minister
3/11/2018 - H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince's Court, received Suresh Prabhu, the Indian Minister of Commerce and Industry, at his residence in New Delhi.

Sheikh...
Value of UAE Central Bank Gold Reserves Rise to AED1.2 Billion
3/12/2018 - The value of the UAE Central Bank’s reserves of gold bars rose to around AED1.2 billion at the end of January, an increase of AED48 million, or 4.1 percent, compared to AED1.152 billion in December 20...
Dubai Airport Free zone Authority Announces New Partnership with Liaoning Chamber of Commerce UAE
3/12/2018 - Dubai Airport Freezone Authority, DAFZA, has announced a new strategic partnership with Liaoning Chamber of Commerce UAE.

The Memorandum of Understanding, MoU, signed by Nasser Al Madani, Ass...
Khalifa Fund to Strengthen UAE SMEs Industry
3/13/2018 - Khalifa Fund for Enterprise Development, KFED, recently hosted a forum on ‘Strategic Alignments – Connections 2018’ to promote domestic Small and Medium-sized Enterprises, SMEs, and support their grow...
Saudi Railway Company to Float Tenders for the Riyadh-Dammam and the Land Bridge Project
3/13/2018 - Speaking at the 12th edition of the Middle East Rail 2018, Khalid Al Sultan, vice president - infrastructure, Saudi Railway Company (SAR), covered the company’s railway development plans in context of...
UAE-Greece Non-Oil Trade Increased 10% Year on Year
3/13/2018 - UAE-Greece non-oil trade increased 10% year on year, exceeding $212 million in the first nine months of 2017

H.E. Al Mansoori: The UAE is keen to expand cooperation with Greece in the areas o...
SEDD launches National Entrepreneurship Exhibition
3/13/2018 - Sultan Abdullah bin Hadda Al Suwaidi, Chairman of Sharjah Economic Development Department, SEDD, launched the 6th National Entrepreneurship Exhibition at Muwailih Suburb Council and will last for one ...
IMF's Lagarde Says Cooperation Needed To Keep Crypto-Assets Safe
3/13/2018 - Governments and central banks need to collaborate on developing regulations for crypto-assets to prevent them from becoming a new vehicle for money laundering and terrorist financing, International Mo...
UAE Business Landscape Is Notable for Its Clarity, Dutch Ambassador
3/15/2018 - Frank Mollen, Ambassador of the Netherlands to UAE, has hailed the investment-friendly environment in the UAE, saying that the UAE business landscape is notable for its clarity.

"Dutch compa...
UAE-Kazakhstan Business Forum Discusses Increasing Economic Cooperation between the Two Countries
3/18/2018 - Attended by his Highness Suroor bin Mohammed Al Nahyan and His Excellency Yeraly Tugzhanov, Head of Mangistau Region, Republic of Kazakhstan, the Abu Dhabi Chamber of Commerce and Industry has organiz...
UAE, Egypt Accelerating Trade Ties.
3/18/2018 - Egypt and the UAE have agreed on enhancing joint co-operation in all fields to boost bilateral investment, industrial and commercial ties.

This came during the joint UAE-Egypt Economic Commit...
Dubai Investments Divests 50% Stake in Drive Dubai
3/18/2018 - Dubai Investments has announced that its private equity subsidiary Masharie LLC has divested its 50% stake in Dubai International Driving Centre, Drive Dubai, for AED 35 million.

The stake sa...
Abu Dhabi Chamber Discusses Economic Cooperation with Bogota Chamber of Commerce
3/18/2018 - His Excellency Ibrahim Al-Mahmoud, 1st Deputy Chairman of the Abu Dhabi Chamber of Commerce and Industry, received Her Excellency, Mónica de Greiff, Executive President of the Chamber of Commerce of B...
The Dubai World Trade Centre Authority, Has Announced its 2017 Results
3/19/2018 - The Dubai World Trade Centre Authority, DWTCA, has announced its 2017 results, which overshot the three-million-visitor milestone for the second consecutive year.
Welcoming a record 3.3 mill...
Dubai’s Non-Oil Foreign Trade Rises to AED1.302 Trillion in 2017
3/19/2018 -  Dubai's non-oil foreign trade in 2017 grew AED26 billion to reach AED1.302 trillion compared to AED1.276 trillion in 2016, enhancing Dubai’s position as global hub for trade despite the challenges fa...
Deloitte announced the third Regulatory and Financial Crime Conference
3/19/2018 - Deloitte announced the third Regulatory and Financial Crime Conference (RFCC), one of the leading events for the Middle East financial service community, will take place April 18 at the Taj Dubai.
...
H.H. Sheikh Abdullah Bin Zayed Meets UAE Investors Delegation In Cairo.
3/19/2018 - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has met with the UAE investors delegation participating in the UAE-Egypt Economic Committee’s meeti...
Dubai Investments, Investors to Launch Arkan Bank
3/20/2018 - Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of US$100 million. The authorise...

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