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Economics/Financial Analysis News in United Arab Emirates

Noor Bank wins ‘Innovator in Islamic Finance’ Award
9/3/2017 - Noor Bank has announced that it won the Innovator in Islamic Finance 2017 award in the Process Innovation category from the New York-based Global Finance magazine.

Speaking about the win, Ehs...
UAE: Arabtec to Use $272 mln Reserves to Wipe Out Losses
6/1/2016 - A meeting of shareholders in Dubai-listed construction firm Arabtec Holding approved a plan to use 1 billion dirhams ($272 million) of the company's statutory reserves to wipe out some of its accumula...
56,000 Investors Pumped AED136bn in Dubai's Real Estate Sector
1/18/2016 - The value of real estate investment transactions made by overseas buyers in Dubai in 2015 exceeded AED135 billion, up 24 per cent from AED109 billion of transactions reported in 2014, the Dubai Land D...
Dubai’s non-Oil Trade Worth AED 966b During Jan-Sept 2015
12/30/2015 - Dubai has managed to contain the impact of the instability of the global economic environment, marked by a decline in commodity prices and currency rates, to maintain a strong economic performance in ...
Emirates NBD named Bank of 2015 twice by The Banker
12/29/2015 - The Emirates NBD announced that it has been named ‘Bank of the Year – UAE 2015’ by The Banker. The award, considered among the most prestigious by the global banking community, recognise Emirates NBD’...
Mohammed bin Rashid Approves Dubai’s Budget for 2016
12/27/2015 - Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved budget for the Emirate of Dubai for the year 2016 which is 12 percent m...
Dubai to Raise 2016 Spending 12% on Balanced Budget
12/27/2015 - Dubai plans to raise spending by 12 percent next year, balancing that out with identical growth in revenue, on a budget of 46.1 billion dirhams ($12.6 billion), the government said.

This is t...
Abu Dhabi Month-on-Month Inflation Down 0.2 percent in Nov. 2015
12/19/2015 - Statistics Center - Abu Dhabi issued its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for November 2015, compared with the previous month.
UAE Recorded AED 534 B from Non-oil Trade in 2015
11/30/2015 - The non-oil direct trade of the UAE stood AED 534.1 billion in first half of 2015 compared to AED 521.8 billion year-on-year, achieving a growth of 2 percent, according to the preliminary statistical ...
UAE's Dana Gas Plans to Cut Cost due to Low Oil Prices
11/15/2015 - United Arab Emirates energy firm Dana Gas plans to cut costs in 2016 as the company gears up for a prolonged period of low crude prices, said by chief executive.

The Abu Dhabi-listed firm pl...
GCC’s Exports to China Continue to Rise, Despite Low Demand
11/15/2015 - The slowdown of the Chinese economy has not stopped GCC petrochemical producers to continue to grow their exports to China during 2014. Data from the Gulf Petrochemicals and Chemicals Association (GPC...
Dubai's Inflation Down 0.43% in October 2015
11/15/2015 - Dubai's inflation rate for Consumer Price Index (CPI) dropped by 0.43 percent in October 2015, compared to September, according to a report issued by Dubai Statistics Centre (DSC) today.

Th...
Oxford Business Group Launches New Report on Abu Dhabi Economy
3/26/2014 - Oxford Business Group (OBG) has launched a new reporting detailing Abu Dhabi's success in nurturing new economic sectors to broaden its economic base.

'The Report, Abu Dhabi 2014', feature...
Preparatory Meeting for UAE-USA Economic Policy Dialogue
9/9/2013 - Khaled Ghanem Al Ghaith, UAE Assistant Foreign Minister for Economic Affairs, chaired a preparatory meeting for the Economic Policy Dialogue between the UAE and the USA.

The Dialogue is ai...
Abdullah Bin Zayed Receives Jordanian Ministers
8/13/2012 - Ways to enhance the unique bilateral relations between the UAE and Jordan, in economic and investment spheres in particular, were discussed by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Foreign Ministe...
DIFC Accounts for 1.4 Percent of UAE's GDP in 2011
7/25/2012 - The Dubai International Financial Centre (DIFC), today issued its fifth annual Economic Activity Survey Report for 2011 putting the total value added (GDP equivalent) of the Centre's sub-economy at US...
RAKBANK Reports H1 2012 Net Profit of AED668.7m
7/23/2012 - The National Bank of Ras Al-Khaimah (P.S.C.) (RAKBANK) has reported a net profit of AED 668.7 million for the half year ended 30th June 2012, reflecting a 13.5% growth compared to same period of 2011 ...
GCC Investment Forum Slated in Oman Next August
7/23/2012 - The first forum on investment and partnership in the GCC region was scheduled from August 28 to 30 in Oman. The event is being organized by the Oman Chamber of Commerce and Industry of Commerce and In...
EMAL has Achieved another Milestone
7/22/2012 - Emirates Aluminium (EMAL) has achieved another milestone: 1.5 Million tonnes of hot metal produced. This is the fastest production achievement ever witnessed in the history of the global aluminium ind...
RAK Ruler Inspects Development Projects in the Emirate
7/15/2012 - UAE Supreme Council Member and Ruler of Ras Al Khaimah HH Sheikh Saud Bin Saqr Al Qasimi has given directives to the officials to speed up the implementation of development projects currently underway...

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