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Financials and Investment News in United Arab Emirates

UAE: Credit Facilities to Industrial, Business Sectors Up 3.4% in Five Months
7/1/2018 - The balance of loans lent by banks operating in the UAE to the industrial and business sectors rose 3.4 percent at the end of May 2018 to AED774.5 billion, from AED748.9 billion in December 2017, acco...
UAE Is 5th Largest Investor in Uzbekistan
7/2/2018 - The UAE is the fifth largest country investing in Uzbekistan during the first quarter of 2018, according to a statistical report released by the Central Bank of Uzbekistan.

The report said th...
Dubai Trade World Launches Trade Portal in Dominican Republic
7/2/2018 - A new electronic trade portal enabling trade and business was launched in the Dominican Republic by the Dubai Trade World (DT World).

As a subsidiary of DP World, DT World will provide its ‘M...
UBF’s Middle East Banking Forum 2018 To Explore Future Of Banking
7/2/2018 - The UAE Banks Federation, UBF, announced that it will host the sixth edition of the Middle East Banking Forum, one of the leading banking conferences in the region, on 11th November, 2018, in Dubai.<...
Dubai Trade World to Create New Trade Portal in Dominican Republic
7/2/2018 - A new electronic trade portal that will enable trade and make life easier for business has been launched in the Dominican Republic by Dubai Trade World (DT World).

As a subsidiary of DP World...
Dubai FDI Partners with VFS Global to Ease Foreign Investors Licensing
7/3/2018 - Dubai FDI, the investment development agency of Dubai Department of Economic Development, DED, has signed a Memorandum of Understanding, MoU, with VFS Global, one of the leading specialists on visa pr...
Dubai Association Centre Growth Accelerates With 38% Increase in Registrations
7/4/2018 - The Dubai Association Centre, DAC, announced rapid growth in registrations of international associations in the first half of 2018.

Established in 2014 as a joint initiative between the Duba...
Kazakhstan Global Investment Roundtable Highlights Country’s Potential
7/5/2018 - A high level trade delegation from the UAE participated in the Kazakhstan Global Investment Roundtable (KGIR) hosted by the Government of Republic of Kazakhstan from July 3rd to 5th, 2018 as part of t...
Value of Trade Exchange between UAE, China in 2017 Reached AED195 Billion
7/5/2018 - The value of trade exchange between the UAE and China in 2017 grew to US$53.3 billion (AED195.8 billion), compared to $46.3 billion (AED169 billion) in 2016, an increase of 15.1 percent.

A re...
Shurooq Prepares For Grand Opening Of Heritage Resort in Sharjah
7/8/2018 - The Sharjah Investment and Development Authority, Shurooq, has announced, in cooperation with General Hotel Management Ltd., GHM, that 1st September, 2018, will be the opening date for the region’s mo...
ACCI Praises Government Directives To Create Competitive, Attractive Economic Environment
7/8/2018 -  The members of the Board of Directors of the Ajman Chamber of Commerce and Industry, ACCI, praised the efforts of Ajman’s wise leadership to create a flexible economic environment, which will help st...
Ambassador Delivers Lecture on UAE-Hungarian Economic Relations.
7/9/2018 - Abdul Hamid Abdul Fattah Kazim Al Mulla, UAE Ambassador to Budapest, delivered a lecture at the Hungarian Chamber of Commerce .
Ambassador Al Mualla highlighted in his lecture the growing econ...
Dubai Signs Mou to Promote Trade with China
7/11/2018 - DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has signed a Memorandum of Understanding (MoU) with China Council for the Promotion of Inter...
Uae-S. Africa Non-Oil Foreign Trade Saw 23% Increase Last Year
7/14/2018 - Since formal diplomatic ties were first established in 1994, the UAE and South Africa maintain vibrant economic and trade relations with the African country becoming the key trading partner to the UAE...
Sharjah Islamic Bank's Net Profits Up 4% ?n H1
7/15/2018 - Sharjah Islamic Bank (SIB) has achieved a net profits of AED 283.0 million of the first half 2018 compared to AED 272.9 million same period last year; a 4 percent increase.

According to first...
Retail Operators Given Opportunity To Sell Expo 2020 Dubai-Branded Products To Millions
7/15/2018 -  Retail companies of all sizes can capitalise on the huge merchandising opportunities available before, during and after Expo 2020 Dubai.

With more than 5,000 types of official licensed produ...
DIFC Reports Strong Start To 2018
7/15/2018 -  H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of Dubai International Financial Centre said that DIFC has played a highly positive and impactful role in D...
Hala China Establishes Board Of Directors, Announces First Strategic Partnerships
7/15/2018 - The Hala China initiative, jointly launched by Meraas and Dubai Holding earlier this year, has announced the signing of its first strategic agreements at a press conference.

The event was...
FAB Appoints UAE Head Of Corporate And Investment Banking
7/15/2018 -  First Abu Dhabi Bank, FAB, has appointed Mohanad Al-Borno as Head of Corporate and Investment Banking for the UAE

. According to a press statement, Al-Borno will be responsible for managi...
Khalifa Fund Signs Mou To Promote Entrepreneurship, SME' in Jordan
7/15/2018 -  The Khalifa Fund for Enterprise Development has signed a Memorandum of Understanding with Jordan's Crown Prince Foundation to support entrepreneurship and development projects in Jordan.

Thi...

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