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Financials and Investment News in United Arab Emirates

DED Launches 3 Initiatives to Enhance Future-Readiness of Economy
1/30/2019 - The Department of Economic Development, DED, in Dubai launched three quality initiatives today aimed to accelerate future-readiness of the economy and enhance private sector participation in developin...
China to Expand Investment in UAE Through Annual Investment Meeting
1/30/2019 - The UAE has managed to achieve a qualitative leap in its economy during the recent years due to the adoption of a forward-looking strategy and in anticipation of strategic plans for the future, accord...
UAE Participates in Meeting of Arab Economic Committee in Cairo
2/4/2019 - The UAE participated in a meeting of the economic committee, an affiliate of the Arab Economic and Social Council, which was held between senior officials today at the Arab League General Secretariat ...
Mof to Discuss Development of Smes with IMF’s Lagarde at Dubai World Government Summit
2/7/2019 - The Ministry of Finance, MoF, will participate in the 7th World Government Summit, an event that will include round table discussions with the International Monetary Fund Director Christine Lagarde ab...
UAE, Morocco to Promote Development of Financial Services Sector
2/11/2019 -  The Registration Authority of Abu Dhabi Global Market, ADGM, and the Casablanca Finance City Authority, CFCA, have signed a Memorandum of Understanding, MoU, to foster closer collaboration among the ...
Dubai’s Non-Oil Growth Strengthens at Start of 2019: Dubai Economy Tracker
2/11/2019 - Emirates NBD Dubai Economy Tracker has shown that that the overall growth of Dubai’s non-oil private sector economy quickened in January. Moreover, firms were at their most optimistic regarding future...
Mansour Bin Zayed Meets With President of Asian Infrastructure Investment Bank
2/11/2019 -  H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has met with Jin Liqun, President of Asian Infrastructure Investment Bank, on the sidelines of the...
DED Releases List of Foreign, GCC Company Branches in Dubai
2/13/2019 - The number of branches of foreign companies operating in Dubai has increased to 1,985 while the number of branches of GCC companies is 833, according to a report by the Business Registration and Licen...
Khalifa Fund Signs Mou with Central Bank of UAE
2/13/2019 - The Khalifa Fund for Enterprise Development, KFED, signed a Memorandum of Understanding, MoU, with the Central Bank of the UAE which will enable the fund to employ the direct debit system of the Centr...
DFM Company Posts Net Profit of AED125.5 Million in 2018
2/13/2019 -  Dubai Financial Market Company today announced its results for the financial year ending 31st December 2018, posting a net profit of AED125.5 million, compared to AED232.9 million in 2017, a 46 perce...
UAE Investment in US at $100 Bn: Al Bowardi
2/17/2019 - Total UAE investment in the US reached US$100 billion, said Mohammed bin Ahmed Al Bowardi, Minister of State for Defence Affairs, during a dinner hosted by the US-UAE Business Council in Abu Dhabi tod...
Costa Rica Opens Trade Promotion Office at Dubai Chamber Headquarters
2/17/2019 - Costa Rica’s Foreign Trade Promotion Agency, PROCOMER, has opened a new representative office at Dubai Chamber of Commerce and Industry’s headquarters which aims to promote bilateral ties and identify...
Discusses Economic, Commercial Cooperation with New Zealand, Bulgaria, Hainan Province
2/19/2019 -  Sultan bin Saeed Al Mansouri, Minister of Economy, held bilateral meetings with Damien O'Connor, Minister of Agriculture, Biosecurity, Food Safety and Rural Communities of New Zealand, Emil Karanikol...
UAE Central Bank Announces M1 Increased to AED486 Billion
2/19/2019 - The UAE Central Bank has announced that the Money Supply aggregate M1 increased by 0.1 percent, from AED485.6 billion at the end of December 2018 to AED486 billion at the end of January 2019.

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UAE Stocks Gain AED9.6 Bn, Driven By Banking, Realty Sectors
2/20/2019 -  The UAE two main bourses rallied anew Wednesday amid upbeat sentiments, with listed companies booking AED9.6 bn in gains that sent Dubai Financial Market high by 2.58 percent to 2632 points and Abu D...
UAE Gross Bank Assets Up to AED2.913 Trillion in January
2/20/2019 - The UAE gross bank assets amounted to AED2.913 trillion by the end of January 2019, 1.2 percent up from AED2.878 trillion by the end of December 2018, according to Central Bank of UAE statistics relea...
UAE, South Korea Sign Number of Agreements, Mous
2/27/2019 -  His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Moon Jae-in of South Korea, today attended the signing o...
UAE, Ireland Discuss Economic, Commercial Partnership
3/3/2019 - Sultan bin Saeed Al Mansouri, Minister of Economy, and Pat Breen, Minister of Trade, Employment, Business, as well as European Union, EU, Digital Market and Data Protection of Ireland, discussed ways ...
DAFZA’s 2018 Non-Oil Foreign Trade Reaches AED146 Billion
3/3/2019 - The Dubai Airport Freezone Authority, DAFZA, has announced that its 2019 budget has increased significantly to AED1 billion.

DAFZA’s investment in new expansion projects is estimated to be ar...
United Arab Bank Reports Net Profit of AED77 Million in 2018
3/3/2019 -  United Arab Bank, UAB, has reported its financial results for the 12 months ended on 31st December, 2018. UAB reported a net profit of AED77 million in 2018 which represents an increase of 345 percen...

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