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Financials and Investment News in United Arab Emirates

Abu Dhabi Islamic Bank Revenues for Q1 2019 Increase By 5.3%
4/22/2019 - Abu Dhabi Islamic Bank (ADIB) reported a net profit growth of 1.7% for Q1 2019 to AED 600.3 million. Revenues increased by 5.3% to AED 1,436.6 million driven by growth in customer financing of 2.8% to...
26.5% Growth in Net Profit for Q1 2019: Union Coop
4/22/2019 -  Union Coop has reported a 26.5 percent increase in net profit for the first quarter of 2019, compared to the same period the previous year, with an increase of AED28.8 million.

The first qua...
Talal Al Zain Announces Results for DGC’s Investments
4/23/2019 - Dividend Gate Capital (DGC), a Bahrain based private equity firm headquartered in Bahrain Financial Harbor, has succeeded in sustaining its distinctive strategic approach, working alongside several co...
Russian Startups Examine Growth Opportunities and Advantages in Dubai Market
5/2/2019 - Dubai, UAE: Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, recently participated in a roundtable in Moscow which familiarised Russian startups with Dubai’s entrepreneurial...
Abu Dhabi's Non-Oil Foreign Merchandise Trade Hits AED35.8 Bn in Two Months
5/5/2019 - The value of non-oil foreign merchandise trade through Abu Dhabi ports increased 11.5 percent from AED32.1 bn in Jan-Feb. 2018 to AED35.8 bn in the same period of 2019.

This was the result of...
AED350 Million to Support Ramadan Discounts on Commodities: Ministry of Economy
5/5/2019 - Some AED350 million in discounts on food will be available throughout the Holy Month of Ramadan, according to the Ministry of Economy.

During a media briefing on consumer protection and Ramad...
53% Increase in UAE Farm Produce, Livestock In 2018
5/5/2019 -  The United Arab Emirates has recorded a 53 percent increase in farm products reaching the market in the past six months.

Data from the Emirates Authority for Standardisation and Metrology, E...
UAE Provides Financial Aid worth AED19.2 Billion in 2018
5/7/2019 -  The value of financial aid provided by the UAE’s federal government and local governments totalled AED19.2 billion in 2018, reflecting the country’s keenness to support its people and strengthen comm...
Retail Companies Committed to Reducing Prices: Ministry of Economy
5/12/2019 - The Ministry of Economy said that retail companies were committed to reducing their prices during the holy month of Ramadan, as well as decreasing the number of consumer complaints and offering discou...
UAE’s FDI-Friendly Investment Legislation, Infrastructure Lauded
5/13/2019 -  UAE's advanced legislative system has contributed to the country's competitiveness in attracting investments and talent, said panellists at the fifth Sharjah Economic Ramadan Majlis held on Sunday, 1...
Central Bank Pumps AED7.3 Bn during March
5/15/2019 - The Central bank of the United Arab Emirates has injected AED7.3 bn in cash to the financial system in March to boost liquidity and compensate banks for the considerable amount of funds withdrawn out ...
ACCI’s Diplomatic Forum Beefs up the International Economic Cooperating
5/18/2019 -  Aiming to increase cooperation and strengthen international partnerships, the Ajman Chamber of Commerce and Industry, ACCI, organised the annual diplomatic forum in the presence of ambassadors, consu...
Economic Survey Project Launched to Analyse Sector-By-Sector Growth of Sharjah
5/20/2019 -  The Sharjah Department of Statistics and Community Development, DSCD, has rolled out the implementation phase of its latest economic survey project, which will encompass all administrative communitie...
Mohamed Bin Zayed Attends Signing Of Agreements, Mous between UAE and Mali
5/21/2019 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, witnessed today the signing ceremony of a number of agreements and Memo...
UAE to Partake of Selectusa Investment Summit in June
5/22/2019 - The UAE will take part in the 2019 SelectUSA Investment Summit on June 10 – 12, 2019, Washington, D.C.

The UAE delegation includes Abdullah Ahmed Al Saleh, Undersecretary of the UAE Ministry ...
'Future Manufacturing and Trade Summit 2019' to Discuss Industrial Iot
5/22/2019 - The 4th edition of the annual Future Manufacturing and Trade Summit, hosted by Dubai Exports, the export promotion agency of the Dubai Department of Economic Development, DED, in collaboration with Ex...
DP World Chairman, Brazil FM Discuss FDI Engagement
5/22/2019 -  Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.

They discus...
Dubai Chamber to Support World Chambers Congress
5/26/2019 -  The Dubai Chamber of Commerce and Industry will join chambers of commerce from around the world in Rio de Janeiro for the 11th World Chambers Congress, WCC, where members of global chambers will gath...
AED19.45 Bn of Listed Companies' Combined Profits in Q1-2019
5/27/2019 - The combined profits of companies listed in Abu Dhabi Securities Exchange and Dubai Financial Market amounted to AED19.45 bn in Q1-2019, which is almost the same amount booked in previous quarter, acc...
EGA’s GAC Secures $750 Million Loan
5/28/2019 - Emirates Global Aluminium, EGA, today announced that its wholly-owned subsidiary Guinea Alumina Corporation, GAC, has successfully closed the Republic of Guinea’s largest-ever project financing for a ...

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