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Financials and Investment News in United Arab Emirates

Aldar Making Headway With Projects On Yas, Saadiyat & Reem Islands
7/15/2018 -  Aldar Properties PJSC (Aldar) today provided its latest quarterly update on its projects under development across key destinations in Abu Dhabi.

On Yas Island, Aldar has begun the handover p...
ADFD Spends AED84b To Finance 550 Projects
7/15/2018 -  In a report celebrating its 47th anniversary, Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, announced that it has expended a total of AED84 billion to financ...
Strategic Shift In Relations Between The UAE, China, US$50 Billion Trade Between Two Countries
7/15/2018 - Dr. Ali Obaid Al Dhaheri, the UAE Ambassador to the People's Republic of China, has emphasised that the volume of economic and trade exchange between the UAE and China reached more than US$50 billion ...
Value of Non-Oil Trade between Abu Dhabi, China Reached AED13.2 Billion in 2017
7/16/2018 - The value of non-oil trade between Abu Dhabi and China, in 2017, reached AED13.2 billion, constituting around 8.2 percent of the emirate’s registered trade that totalled AED160 billion during the same...
UAE Central Bank Announces M1 Decreased to AED495.5 Billion
7/17/2018 - The UAE Central Bank has announced that Money Supply aggregate M1 decreased by 0.9 percent, from AED500.1 billion at the end of May 2018 to AED495.5 billion at the end of June 2018.

The Money...
DMCC, Royal Fund Investments Sign Mou to Boost China Trade in Dubai
7/17/2018 - 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 the Royal Fund Investments, RF, to cemen...
UAE-China Delegation Visits Exceed 120
7/17/2018 -  Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the UAE and China enjoy high levels of dialogue and coordination. These ties are reflected in the intensity of official and trade dele...
Dubai's Emaar Properties Says to Double Investments in Egypt
7/17/2018 - Dubai-based Emaar Properties plans to double its investments in Egypt to 100 billion Egyptian pounds ($5.60 billion) over the next five years, a local newspaper quoted the group’s chairman Mohamed Ala...
Abu Dhabi Chamber Discusses Increasing Cooperation with Colombia
7/17/2018 - Al Mheiri added that the Abu Dhabi Chamber encourages companies in the UAE to enter international markets and hold new projects there.

This comes within the efforts of the Abu Dhabi Chambe...
Currency Swaps Through Renminbi Clearing Centre Boost UAE - China Trade: CBUAE
7/19/2018 -  Currency swaps between the UAE and China through the Renminbi (RMB) Clearing Centre grew consistently, increasing a further 42 per cent in H1 2018, compared to levels recorded at the end of 2017,acco...
UAE, China Sign Mou on Silk Road Initiative
7/20/2018 - The governments of the United Arab Emirates,UAE, and the People's Republic of China signed a memorandum of understanding (MoU) concerning joint cooperation on the Silk Road Initiative and the 21st Ce...
UAE-China Non-Oil Trade Set To Rise to US$58 Bn in 2018
7/20/2018 - UAE and China non-oil trade exchange is expected to rise to US$58 billion by the end of 2018 from US$53.3 billion in 2017, according to Sultan bin Saeed Al Mansouri, Minister of Economy.

''Fi...
UAE’s $8b Tech Industry Woos Chinese Business
7/20/2018 - With a thriving technology sector, deepening bilateral ties with China, and recent announcements by the UAE Cabinet to allow 100 percent foreign ownership in certain onshore industries, Dubai is an in...
Abu Dhabi Investment Office Signs Mou with Chinese Business Council
7/21/2018 - The Abu Dhabi Investment Office announced the signing of a Memorandum of Understanding, MoU, with the Office of the Chinese Business Council, at a meeting attended by Saif Mohamed Al Hajeri, Chairman ...
DP World Signs Agreement with Chinese Company to Boost International Trade
7/21/2018 -  An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between t...
DED-Ajman Signs Agreement to Implement New E-Link Services
7/21/2018 - The Department of Economic Development - Ajman (DED-Ajman) and the emirate's Department of Land and Real Estate Regulation announced the signing of a new partnership agreement aimed at adopting and im...
Dubai Recipe for Economic Success Looks Stale as Markets Slump
7/22/2018 - In Dubai's posh Jumeirah Beach Residence district, luxury apartment rents are down about 15 percent from a year ago - a sign, some fear, that the wealthy emirate's recipe for economic success is getti...
Industry Leaders to Discuss Future Manufacturing, Allied Technologies in Dubai
7/22/2018 - Dubai Exports, the export promotion agency of the Dubai Department of Economic Development, DED, is organising the Future Manufacturing and Trade Summit, from 3 - 4 October, 2018, in collaboration wit...
UAE Central Bank Holds Its Sixth Board of Directors Meeting
7/23/2018 - The Board of Directors of the Central Bank of the UAE, CBUAE, held its 6th meeting for 2018, under the chairmanship of Khalid Juma Al Majid, Deputy Chairman of the Board.

The meeting was att...
UAE Monetary Base Expands To AED354 Billion
7/24/2018 -  The monetary base expanded by 1.1 percent to AED354 billion during June from AED350 billion in May, according to CBUAE statistics released .

The monetary base expanded mainly due to increase...

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