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Financials and Investment News in United Arab Emirates

UAE Central Bank Announces M1 Rises By 0.1%
7/22/2019 - The Central Bank has announced that the Money Supply aggregate M1 ascended by 0.1%, from AED507.2 billion at the end of May 2019 to AED507.9 billion at the end of June 2019.

The Money Supply ...
DP World, Maspion Group Sign US$1.2 Billion Agreements in Indonesia
7/24/2019 -  Two preliminary agreements between global trade enabler DP World and Indonesia’s leading conglomerate Maspion Group were signed to create a US$1.2 billion container port and industrial logistics park...
UAE Jumps Two Places To 36th Rank in Global Innovation Index 2019
7/25/2019 - The UAE has maintained its good standing in this year’s edition of the Global Innovation Index, GII, ranking among the top 3 innovation economies in the Northern Africa and Western Asia region and jum...
DIFC Boosts UAE Financial Sector Development, Reports Significant Growth in H1 2019
7/28/2019 -  Dubai International Financial Centre, DIFC, has reinforced its contribution to the UAE’s economy and its commitment to driving the future of finance, following strong performance during the first hal...
ADGM Wins ‘Best International Financial Centre EMEA 2019’
7/29/2019 -  Abu Dhabi Global Market, ADGM, has been named ‘Best International Financial Centre (EMEA) 2019’ by London-based Capital Finance International, CFI.co, in recognition of its role in the advancement of...
List of Business Service Fees Cancelled By Ministry of Economy Revealed
7/30/2019 - Last week, the Ministry of Economy announced it has waived and/or reduced the fees on a list of services it offers to businesses - as part of a move to further boost the country's appeal for doing bus...
UAE, Mexico Fostering Investment Ties
7/31/2019 - The UAE Ambassador to Mexico Ahmed Hatem Barghash AlMenhali and the Mexican Minister of Economy Graciela Marquez Colin have explored ways to promote trade and investment exchanges between the two coun...
UAE Federation of Chambers Of Commerce & Industry Explorer Private Sector Cooperation with Slovakia
7/31/2019 - Humaid Mohammed bin Salem, Secretary-General of the UAE Federation of Chambers of Commerce and Industry, FCCI, and Dusan Horniak, Ambassador of Slovakia to the UAE, discussed ways of enhancing the co...
His Highness Sheikh Mohamed Bin Zayed Meets Malaysian Economy Minister.
7/31/2019 - His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, met on Tuesday with Mohamed Azmin Ali, Malaysia's Minister of Economic ...
Number of Japanese Companies in UAE Goes Up 23.44% in 6 Years
7/31/2019 - Japanese companies are making a strong presence in the UAE, with their number increasing 23.44 percent in the past six years, according to a top Japanese diplomat.

"The number of Japanese cor...
Dubai Investments Reports 17% Increase in Second Quarter Profits
8/1/2019 - Dubai Investments has reported a profit of AED 151 million for the second quarter of 2019, an increase of 17% when compared to the same period last year.

Profit for the first six months of th...
3,976 Licences Issued for Top 10 Economic Activities in UAE
8/6/2019 -  The number of licences issued for the top ten economic activities in the UAE totalled 3,976 from the start of the year to the end of July, according to the National Economic Register.

Public...
UAE Ambassador Meets Panamanian Minister of Commerce and Industry.
8/6/2019 -  His Excellency Ramón Eduardo Martínez, Panamanian Minister of Commerce and Industry, received His Excellency Yacoub Al Hosani, Assistant Minister of Foreign Affairs and International Cooperation for ...
Dubai Chamber Membership Growth up Over 22% in H1-2019
8/6/2019 -  A total of 9,062 companies joined Dubai Chamber of Commerce and Industry as new members in the first half of 2019, marking a year-over-year (y-o-y) increase of over 22% and bringing the organisation’...
Dubai Financial Services Authority Signs Mou with Central Bank of Egypt
8/7/2019 - The Dubai Financial Services Authority has signed a Memorandum of Understanding with the Central Bank of Egypt to enhance the relationship and cooperation between both institutions and facilitate the ...
TAQA Records 5% Revenue Growth in H1 2019 To Reach AED9 Billion
8/8/2019 -  Abu Dhabi National Energy Company announced its financial results and operational highlights for the six-month period ending June 30, 2019.

TAQA recorded AED 9 billion of revenue in the firs...
AED2.3 Billion To Abu Dhabi Economy in H1 2019: ADNEC
8/14/2019 - The first half of 2019 saw an input of AED2.3 billion into the Abu Dhabi economy, revealed the Abu Dhabi National Exhibitions Company.

In a statement, the company said that its Abu Dhabi Nati...
UAE Cabinet to Expand List of Excise Taxable Products in January 2020
8/20/2019 - In a step to reduce consumption of unhealthy goods and modify consumers’ behaviour, the UAE Cabinet adopted a decision to expand the list of excise taxable products to include sweetened beverages, sug...
Dubai Economy Sees 63% Increase in Global Brands Seeking Trademark Protection
8/25/2019 - The Commercial Compliance and Consumer Protection sector, CCCP, at the Dubai Economy has witnessed a 63 percent year-on-year increase in trademark files registered on its "IP Gateway" portal during th...
Central Bank's Gross Assets Reaches AED2975.8 Billion
8/27/2019 -  The UAE Central Bank has announced that gross bank assets, including bankers’ acceptances, rose by 0.6 percent, climbing from AED2958.6 billion at the end of June 2019 to AED2975.8 billion at the end...

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