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Financials and Investment News in United Arab Emirates

UAE Maintains Positive Economic Growth
6/12/2018 - Sultan bin Saeed Al Mansouri, Minister of Economy, said that preliminary estimates issued by the Federal Competitiveness and Statistics Authority, FCSA, indicate growth in the economic performance of ...
HH The Amir Sends Verbal Message To King Of Jordan
6/13/2018 - HH the Amir Sheikh Tamim bin Hamad Al-Thani sent a verbal message to HM King of the Hashemite Kingdom of Jordan Abdullah II bin Al Hussein, pertaining to bilateral relations and means of boosting them...
Mubadala To Launch US$400m European Tech Fund
6/13/2018 - Mubadala Investment Company (Mubadala) of Abu Dhabi, today announced its intent to create a US$400 million fund to invest in leading European technology companies.

The fund will be managed b...
Dubai Chamber Showcases Dubai’s Competitive Advantages at 'National Export Forum' in Ukraine
6/13/2018 - The Dubai Chamber of Commerce and Industry recently participated in the 4th National Export Forum in Kiev where the organisation showcased Dubai’s economic prospects and competitive advantages as a st...
Dubai FDI Organises Economic Mission to Australia to Boost Trade Ties
6/17/2018 - Dubai FDI, the investment development agency of Dubai Economy, is organising one of the largest economic delegations from Dubai in recent years for an official mission to Australia as part of its cont...
UAE, Zimbabwe Sign Cooperation Agreements.
6/17/2018 - The UAE and Zimbabwe signed, in Harare, the capital of Zimbabwe, two agreements related to protecting and encouraging investment and avoiding double income taxation, as well as a Memorandum of Underst...
FEWA Appoints ACWA Power/Tecton Consortium As Preferred Bidder To 45 MIGD IWP Project
6/18/2018 - The Federal Electricity and Water Authority, FEWA, has announced the appointment of a consortium led by International Company for Water & Power Project ("ACWA Power") and Tecton Engineering & Construc...
Emirati Economic Delegation To Visit Kazakhstan To Promote Cooperation
6/18/2018 -  The Kazakhstan Embassy in the UAE concluded its preparations for the planned official visit of a high-level Emirati delegation comprising 22 businessmen, chairmen of board of directors and executives...
FEWA Appoints ACWA Power/Tecton Consortium As Preferred Bidder To 45 MIGD IWP Project
6/18/2018 -  The Federal Electricity and Water Authority, FEWA, has announced the appointment of a consortium led by International Company for Water & Power Project ("ACWA Power") and Tecton Engineering & Constru...
Emirates NBD Signs Up with Amwal Brokerage
6/19/2018 - Emirates NBD, a leading bank in the region, announced that UAE-based Amwal Brokerage has signed up as a trading member to avail the bank’s settlement and clearing services.

Following approval...
Abu Dhabi Stimulus Confirms Fiscal Adjustment Is Over
6/19/2018 - Abu Dhabi's new economic stimulus program will have limited sovereign credit impact given the sovereign's strong balance sheet and low fiscal break-even oil price, Fitch Ratings said.

But it ...
UAE Mubadala Buys 10 Percent of Italian Eni Stake in Egypt's Zohr Gas Field
6/20/2018 - UAE-based investment fund Mubadala has bought a 10 percent stake in Egypt's giant Mediterranean Zohr gas field from Italian oil and gas company Eni, prior to a $934m deal reached in March.

Th...
Dubai Properties Projects Draw Interest From High Net-Worth Chinese Investors
6/23/2018 - Dubai Properties, a member of Dubai Holding, is drawing high interest for its upscale projects from investors and potential buyers in China as part of its participation at Luxury Property Showcase (LP...
UAE, US Discuss Stronger Economic Cooperation
6/23/2018 - Sultan bin Saeed Al Mansouri, Minister of Economy, and U.S Commerce Secretary, Wilbur Ross, have discussed ways to enhance cooperation in the economic and trade fields between the two countries.
Pakistani FM Meets UAE Ambassador.
6/24/2018 - Abdullah Hussain Haroon, Pakistani Minister of Foreign Affairs in the caretaker cabinet, has met with the UAE Ambassador to Pakistan, Hamad Obaid Ibrahim Salem Al-Zaabi, in Islamabad.

The Pak...
Dubai Financial Market Distributes AED15.8 Billion Of Cash Dividends In 2017
6/25/2018 -  As part of its leading investor and issuer services, Dubai Financial Market (DFM) has successfully accomplished the cash dividend distribution for the financial year 2017. As much as AED15.8 billion ...
UAE Central Bank's Foreign Assets Up to AED326.6 Bn in May
6/26/2018 - Foreign assets of the UAE Central Bank, CBUAE, rose to AED 326.6 billion in May 2018 from AED326.4 billion in April, according to latest statistics issued by the apex bank.

''Balances and dep...
UAE-Hong Kong Trade Surges to $10.87 Billion in 2017
6/27/2018 - The total trade between the United Arab Emirates and Hong Kong increased to US$ 10.87 billion in 2017 from $10.59 billion in 2016, according to Hong Kong government statistics.

The UAE is pa...
Economic Licences Will Be Obtained Through "Tamm" System in Abu Dhabi
6/27/2018 - Abu Dhabi’s Department of Economic Development, ADDED, and Abu Dhabi’s Smart Solutions and Services Authority, ADSSSA, have implemented the "Tamm" system, which will shorten the process of obtaining a...
Abu Dhabi: SCA, Ministry off Economy to Launch Platform for Funding Smes
7/1/2018 - The Securities and Commodities Authority, SCA, is working with the Ministry of Economy and the Organisation for Economic Co-operation and Development, OECD, to launch a new international initiative to...

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