Dubai government on Tuesday announced a reduction of approximately Dh29 billion in the public debt by the end of this year, including partial settle …
Dubai slashes public debt by $7.9bn
Dubai has slashed public debt by AED20bn ($7.9bn), according to the Public Debt Management Office (PDMO) of the emirate’s Department of Finance (DOF). The achievement has been realised within a year …
UAE economy to grow 3% in 2023; 4% in 2024: S&P
The UAE economy is forecast to grow 3% in 2023 and 4% in 2024, driven by the non-oil sector, which is expected to benefit from strong growth in tourism, government initiatives, and technological …
Dubai reduces public debt by Dhs29 billion
This important accomplishment has been fulfilled under the directives of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council, and …
Dubai Government reduces public debt by AED29 billion
The Public Debt Management Office (PDMO) of the Government of Dubai’s Department of Finance (DOF) announced a reduction of approximately AED29 billion in Dubai’s public debt by the end of this year.
Dubai Cuts Total Debt to 25% of GDP By Repaying Local Loans
Dubai said it lowered its total debt to 25% of GDP by repaying loans including those it had secured from Abu Dhabi and the United Arab Emirates central bank, taking advantage of an economic recovery.
Dubai-Based Financial Expert Provides Insights On How To GROW Your Wealth In Dubai
With tips on how to secure your financial future, and Dubai’s own finance guru, Wali Khan, is here to guide you through it.
National Bank of Fujairah to sponsor 8th Fujairah International Mining Forum
September at the DoubleTree by Hilton, is organised by Fujairah Natural Resources Corporation – Fujairah Government, the UAE Ministry of Energy and Infrastructure, and the Arab Industrial Development …
UAE, GCC Countries To See An Extended Period Of Higher Interest Rates
Gulf central banks have been raising interest rates in line with the Federal Reserve over the past couple of years as the US central bank tries to bring down inflation from a multi-decade high. The …
UAE: Impact of corporate tax on free zone entities
Normally, free zone entities holding properties in UAE mainland will be subject to 9 per cent tax rate. The only exception is in regards to income from commercial properties held by qualifying free …
UAE: Want to plant a tree? Open a bank account or stay in a hotel room
Dubai Islamic Bank (DIB) has announced its plan to plant a tree for every new customer who opens an account with the bank. DIB has partnered with Emirates Environmental Group and The Storey Group for …
Quinn Emanuel Hits King & Wood Mallesons for UAE Launch
The UAE is without doubt one of the most exciting, energised places on Earth,’ says John B. Quinn, as the firm opens two offices in the country.
Dubai Chambers launches new Mohammed Bin Rashid Al Maktoum Business Award
The award is the highest level of recognition for organisations that contribute to the sustainable development of Dubai’s dynamic business community …
UAE: Want to plant a tree? Open a bank account
As UAE marks 2023 as the Year of Sustainability, companies in the UAE are coming up with novel ideas to contribute to efforts combating global warming …
Dubai Islamic Bank announces One Tree for Everyone
Dubai Islamic Bank (DIB) has today announced that it will plant one tree for every new customer who opens a DIB account. Through this novel initiative, …
UAE: Top reasons why residents’ Schengen, US visas get rejected
as well as problems with the bank statements. Monaco: 0 per cent Hong Kong: 5 per cent India: 7 per cent UAE: 10 per cent Singapore: 10 per cent Philippines: 12 per cent According to the World of …
Spinneys IPO; First RSG flight to new Saudi airport; New UAE Mahzooz prize system – 5 things you need to know today
Over the weekend, Arabian Business covered some of the most happening stories in the region, which included Red Sea Global celebrating its first flight into Saudi Arabia’s newest international airport …