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Financials and Investment News in United Arab Emirates

Mashreq Bank Drives Innovation With Alipay Payment Partnership
3/20/2018 - Mashreq Bank today announced its partnership with Alipay, an online and mobile payment platform operated by Ant Financial Services Group.

The first-of-its-kind association with Alipay, enabl...
Stronger Non-Oil Growth Drives UAE GDP To 1.5 Percent
3/21/2018 - The UAE’s economy expanded by 1.5% in 2017, driven by a 2.9% growth in the non-oil sector, according to the UAE Central Bank annual report released .

The non-hydrocarbon sector’s resiliency w...
Etisalat Approves Full-Year 2017 Dividends Of 80 Fils Per Share
3/21/2018 -  Etisalat’s annual general meeting has backed the board’s recommendation to pay full-year 2017 dividends of 80 fils per share and approved the board proposed Buy-back program of 5% of the company’s pa...
UAE Stocks Gain AED5 Billion
3/21/2018 - Driven by the newly announced strategic partnership between Aldar and Emaar, the largest property companies on the local market, the UAE stocks posted AED5 billion gains following the session.
Abu Dhabi: Tawazun Economic Council Announces Closing of Alfia Fund
3/24/2018 - The Tawazun Economic Council announced he closure of Alfia after successfully fulfilling its purpose of serving as an investment fund for defence contractors.

Tareq Abdul Raheem Al Hosani, Ch...
Abu Dhabi: DP World Acquires Stake in Kazakhstan Special Economic Zones
3/24/2018 - Global trade enabler DP World and the government of Kazakhstan signed two framework agreements in Abu Dhabi relating to the acquisition, governance and management of Special Economic Zones (SEZ) in Ak...
Abu Dhabi: DP World Acquires Stake in Kazakhstan Special Economic Zones
3/24/2018 - Global trade enabler DP World and the government of Kazakhstan signed two framework agreements in Abu Dhabi relating to the acquisition, governance and management of Special Economic Zones (SEZ) in Ak...
Abu Dhabi Ports Signs Agreement with the China Council for the Promotion of International Trade
3/24/2018 - Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khali...
Italy's Puglia Governor Meets With UAE Ambassador.
3/25/2018 - Michele Emiliano, Governor of Puglia, Italy’s southernmost region, received Saqr Nasser Al Raisi, UAE Ambassador to the Republic of .

Emiliano said that Al Raisi's visit, as well as other eco...
His Highness Sheikh Mohamed Bin Zayed and Korean President Attend Signing of Mous.
3/26/2018 - The UAE and South Korea signed a number of Memoranda of Understanding, MoUs, to enhance partnerships and cooperation between the two countries.

His Highness Sheikh Mohamed bin Zayed Al Nahyan...
SRC Injects Another SR1 Billion Into Saudi Housing Finance Market
3/27/2018 - The Saudi Real Estate Refinance Company (SRC) continued its mission of helping develop the mortgage market for consumers with the injection of a notional amount of SR 1 billion with Amlak Internationa...
Smart Dubai Signs Agreement With ‘Business Sweden’
3/27/2018 - Smart Dubai has signed an agreement with Swedish trade and investment board, Business Sweden, at its headquarters in Dubai Design District, d3.

The agreement seeks to encourage cooperation an...
UAE Offered AED39 Bn In Grants In Nine Months Of 2017
3/27/2018 -  Grants offered by the UAE inside and outside the country stood at AED39 billion during the first nine months of 2017 an increase of 44.8 percent over the same period of 2016 when it reached AED15.9 b...
UAE Economy Ministry and Canada Discuss Cooperation
3/28/2018 -  Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary for Economic Affairs at the Ministry of Economy, and Timothy Sargent, Deputy Minister for International Trade of Canada, have discussed econom...
Ministry of Economy to Promote Emirati Export Opportunities in China
3/28/2018 - The Ministry of Economy will organise a promotional seminar during the first International Import Expo which will be held in Shanghai, China, next November, where the UAE will participate through an o...
Abu Dhabi: Ministry of Economy Discusses Investment, Commercial Cooperation with Spain
3/28/2018 - Mohammed Ahmed bin Abdulaziz Al Shehhi, Under-Secretary for Economic Affairs at the Ministry of Economy, met with Jose Luis Kaiser, Director-General of the International Trade Office of Spain, and his...
UAE Central Bank Announces M1 Increase to AED 509.7
3/28/2018 - The Central Bank has announced that the Money Supply aggregate M1 increased by 2.3 percent, from AED498 billion at the end of January 2018 to AED509.7 billion at the end of February 2018.

In ...
Share of Non-Oil Sector in UAE’s GDP to Rise to 80 Percent By 2021
3/28/2018 -  The Ministry of Economy is predicting a rise in the share of the non-oil sector in the UAE’s GDP to 80 percent by 2021, compared to 70 percent in 2017 while stating that the UAE has the most diverse ...
South Korean President Reaffirms Commitment to Boost Ties with UAE.
3/28/2018 - South Korea is committed to expanding cooperation with the UAE in new sectors as both countries push ahead with strategic plans to further develop their economies, President Moon Jae-in of South Korea...
Abu Dhabi Chamber Discusses Economic Cooperation with Costa Rica
3/28/2018 - His Excellency Mohammed Helal Al-Muhairi, Director General of the Abu Dhabi Chamber of Commerce and Industry, received His Excellency Francisco Chacon, Ambassador of Costa Rica to the UAE, at the Abu ...

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