?>

Economy

by
Economy
January 18, 2023

Omar Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, chaired the Dubai Future District Fund (DF2) Oversight Committee upon completion of its first year of investment operations. The meeting reviewed DF2’s first full year of operations and highlighted the rapid progress being made, with the completion of more than a dozen fund and start-up investments from the initial funding commitment of AED1 billion. Al Olama, who is the Chairman of DF2 Oversight Committee, stated that...

by
Economy
January 18, 2023

UAE main bourses continued to rally Tuesday led by a hike in main lender FAB, which increased 0.37%, and real estate developer Aldar Properties, which closed 0.68% up, in Abu Dhabi, with utility provider Dubai Electricity & Water Authority in Dubai up 3.460% on Monday's session. In the capital, FADX 15 increased 0.090% to 10,273.210 pts, with Americana ending the session favourably at AED3.450, 2.370% up, ADQ, under the brand known as Asmak, closing 0.02% higher at AED405.800, and ALPHADHABI up...

by
Economy
January 17, 2023

The Central Bank of the UAE (CBUAE) has issued a newguidance on anti-money laundering and combatting the financing of terrorism (AML/CFT)for licensed financial institutions (LFIs) including banks, finance companies, exchangehouses and insurance companies, agents and brokers.The Guidance, which comes into effect immediately, will assist LFIs’ understanding ofrisks and effective implementation of their statutory AML/CFT obligations, and takesFinancial Action Task Force (FATF) standards into account. The Guidance requires LFIsto demonstrate compliance with its requirements in line with the relevant CBUAE notice.The...

by
Economy
January 17, 2023

The Ministry of Finance (MoF) held the second session of its Corporate Tax Public Awareness Programme today in Dubai with participation of leaders from the Ministry, the Federal Tax Authority (FTA), and Dubai Chambers, along with more than 600 tax experts, business sector representatives, and business owners. Organised with support from Dubai Chambers, the session was attended by Younis Haji Al Khouri, Under-Secretary of the Ministry of Finance; Khalid Ali Al Bustani, Director-General of the FTA; Mohammad Ali Rashed Lootah, President...

by
Economy
January 16, 2023

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of the Higher Committee for Development and Citizens Affairs, said Dubai is committed to harnessing all its capabilities to develop its agricultural sector, as part of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. Raising local agricultural production is a key priority of the leadership as part of advancing sustainable development...

by
Economy
January 14, 2023

The seventh annual Global Energy Forum, organised by the Atlantic Council, kicked off today in Abu Dhabi as part of the activities of Abu Dhabi Sustainability Week (ADSW), with the participation of the world's most influential energy leaders to set the global energy agenda for the year ahead and drive the global energy transition. This year’s Forum is of particular importance as critical climate and energy strategy issues take centre stage in the run-up to the United Nation's Climate Change Conference...

by
Economy
January 13, 2023

NEOM CSR, the Corporate Social Responsibility department of the ‘land of the future’ taking shape in northwest Saudi Arabia, has launched a specialist training program to empower a new generation of students. Organized in partnership with KEYSS Project (Knowledge Exchange for Youth Supporting Society) and in cooperation with the Ministry of Education, the National Program for Community Development (Tanmiah) and non-governmental organizations, the initiative has been established to enable students in the NEOM and Tabuk region to reach their full potential. Targeting...

by
Economy
January 10, 2023

MANAMA, 10th January, 2023 (WAM) -- Investcorp, a Bahrain-based asset manager which counts Mubadala Investment Company as its biggest shareholder, announced today that it is planning to invest up to $1 billion in the real estate market in the GCC over the next five years. This follows Investcorp’s first real estate acquisition in Saudi Arabia. The investment is a new, state-of-the-art, 215,000 square feet temperature-controlled warehouse located in Dammam.This is the first $100 million-worth of real estate investments the firm is...

by
Economy
January 10, 2023

DUBAI, 9th January, 2023 (WAM) -- Arif Amiri, CEO of Dubai International Financial Centre (DIFC) Authority, affirmed that the centre has become a major engine for economic growth in Dubai and the UAE, with its contribution of about 5 percent of the value of the nominal GDP of the emirate of Dubai. In an interview with the Emirates News Agency (WAM), Amiri said that the centre is the largest in wealth and asset management in the region, with more than 250...

by
Economy
January 9, 2023

DUBAI, 8th January, 2023 (WAM) -- Hazza Al Mansoori, accompanied by fellow Emirati astronaut Sultan Al Neyadi, met with a few children today, at the Museum of the Future, ahead of Al Neyadi’s mission to the International Space Station that will be launching soon. The two astronauts engaged with a group of young space science enthusiasts during an exclusive tour held at Dubai’s iconic museum. The pair shared their experiences and discussed the future of space exploration. Majed Al Mansoori, Deputy Executive...

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