?>

Economy

by
Business, Economy, Featured
January 31, 2024

§  30+ industry leaders gathered at the DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024. §  ENBD and e& sign partnership agreements in support of Dubai FinTech Summit 2024. §  Yabx Technologies emerges victorious at the regional FinTech World Cup qualifying round held during the session giving them the opportunity to participate in the grand finale to secure USD 1mn in funding during the Dubai FinTech Summit 2024. Dubai, 29...

by
Business, Economy, Featured
November 9, 2023

His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Bank, chaired the bank's board meeting. The meeting, which was held at the Ajman Ruler's Court today, was attended by the members of the board and Mr. Mustafa Mohammed Saeed Al Khalfawi, the CEO of the bank. His Highness Sheikh Ammar bin Humaid Al Nuaimi reviewed the bank's results for the third quarter of the current year 2023, which showed a strong financial performance with the net...

by
Economy
January 31, 2023

The Executive Office of Anti-Money Laundering and Countering the Financing of Terrorism (EO AML/CFT), in partnership with the Future of Financial Intelligence Sharing programme of the Royal United Services Institute (RUSI), organised a roundtable on public-private partnerships and ways to enhance collaboration to combat financial crime. Officials from public-private partnership committees in partner countries in Europe and Asia delivered virtual presentations on cooperation initiatives to confront financial crime, with the participation of senior members of the UAE’s Public-Private Partnership Sub-Committee (PPPSC)...

by
Economy
January 31, 2023

National Bonds has signed an agreement with the Arab Women Authority, the leading NGO aimed at empowering Arab women across the MENA region, to equip women with valuable financial management skills and savings tools. The partnership will see the two organisations join forces to empower women and support their role in societal and economic development and enhance their skills, particularly in the areas of investment, savings, and financial literacy. A Memorandum of Understanding was signed by Rehab Lootah, Deputy Group Chief Executive...

by
Economy
January 31, 2023

At the end of November of last year, saving deposits in the UAE banking system, excluding interbank deposits, increased to AED246.61 billion, a growth of approximately AED7.21 billion, or 3 percent, from about AED239.4 billion in November 2021, statistics by the Central Bank of the UAE, revealed. Saving deposits increased during the first eleven months of 2022 by 1.98 percent, compared to about AED241.82 billion at the end of 2021, an increase equal to AED4.8 billion. On a monthly basis, they grew...

by
Economy
January 31, 2023

The Federal Tax Authority (FTA) has launched the ‘Tax Support’ initiative to raise tax awareness among business sectors in the UAE through direct and sustained contact, as a means to enhance compliance with tax laws and regulations. The first workshop for 2023 under the initiative was held on 24th and 25th January as a collaboration between the FTA and On Time Business Solutions Centre, which is located in Oud Metha, Dubai. The Authority stated that the activities of the ‘Tax Support’ initiative...

by
Economy
January 27, 2023

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, today announced that the UAE Ministry of Economy is to support EGA Ramp-Up, the company’s programme to foster the entrepreneurship ecosystem in the UAE and help grow the national economy in line with the Entrepreneurial Nation strategy. Abdulla Al Saleh, Undersecretary at the Ministry of Economy said, “The Ministry of Economy is committed to supporting the UAE's entrepreneurship, innovation and creativity ecosystem by strengthening collaboration...

by
Economy
January 27, 2023

Emirates NBD, a leading bank in the region, announced that its profits rose 40% to AED 13 billion in 2022, driven by strong regional economic growth and the success of its diversified business model. The bank's Q4 profit was particularly strong, at AED 3.9 billion, up 94% year-on-year, reflecting improving margins and a lower cost of risk. H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Emirates NBD, said, that Emirates NBD played a lead role in delivering over AED 31 billion...

by
Economy
January 27, 2023

The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession, AP reported. Thursday’s estimate from the US Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — decelerated last quarter from the 3.2% annual growth rate it had posted from July through September. Most economists think the economy will slow further in the current...

by
Economy
January 18, 2023

The Ministry of Finance (MoF) participated in the first Infrastructure Working Group (IWG) meeting for the year 2023, which was held for the first time under India’s presidency of the G20 on 16th and 17th January 2023 in Pune, in the state of Maharashtra, India. The meeting was held to discuss the IWG work plan for 2023 in line with the priorities of the Indian presidency for the G20. MoF’s delegation to the meeting included Amna Alshamsi, Head of Policies, Regulations and...

Open chat
Powered by Joinchat
Hello 👋
Can we help you?