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Tag: finance

Posted on 30/12/2020

Dhs57.1 billion Dubai budget to boost growth; Sharjah clears largest ever plan

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai’s general budget for the …
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Posted on 29/12/2020

Pandemic speeds up UAE’s transition to cashless ecosystem

UAE residents also are among the top 10 globally when it comes to spending time on the internet and social media, averaging seven hours and 54 minutes …
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Posted on 29/12/2020

UAE- Ajman’s Department of Finance receives four new ISO certifications

As part of its keenness to achieve the vision and directives of the Ajman government in adopting world class standards, Ajman’s Department of Finance has received four new ISO certifications including …
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Posted on 28/12/2020

Al Mal Capital announces plan for first Dubai listing in 2021

Al Mal Capital on Monday announced that it has raised AED350 million ($95.2 million) in the initial public offering (IPO) of units in Al Mal Capital REIT, its newly founded entity. Al Mal Capital REIT …
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Posted on 28/12/2020

Dubai’s Al Mal Capital raises Dh350m for its IPO in turbulent times

Dubai: Dubai’s first IPO (initial public offering) in some time, Al Mal Capital, raised Dh350 million for its real estate investment trust (REIT). The issue. which closed its subscription on December …
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Posted on 28/12/2020

Uptake of Islamic finance in Bahrain, UAE, and Saudi rising

Bahrain, the UAE, and Saudi Arabia have ranked in the world’s top five Islamic finance economies, according to the latest annual Islamic Finance Development Indicator (IFDI) Bah …
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Posted on 28/12/2020

UAE- ADGM Completes 2020 with notable achievements, growth and new partnerships

Abu Dhabi Global Market (ADGM), the award-winning international financial centre, marked a record year of growth in 2020, with significant achievements across core areas of FinTech, regulation, …
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Posted on 28/12/2020

Renewable energy holds shared potential for China and UAE

A report by the State of Green Finance in the UAE surveyed a cross section from the private banking and investment sectors, finding nearly a quarter have invested in green projects from their assets.
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Posted on 28/12/2020

UAE- EAD wins ‘Outstanding Contribution to Biodiversity Global 2020 Award’

The Environment Agency Abu Dhabi (EAD) has won the Outstanding Contribution to Biodiversity Global 2020 Award, by Capital Finance International (CFI.co).

EAD, the region’s largest environmental …

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Posted on 27/12/2020

Dubai ruler approves $15.5bln budget for 2021

Dubai has unveiled a spending plan worth 57.1 billion UAE dirhams ($15.5 billion) for fiscal year 2021, a decline of 9.3 billion dirhams from the 2020 outlay. His Highness Sheikh Mohammed bin Rashid …
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Posted on 26/12/2020

Shopping in UAE: 5 tips to land a good deal

Securing bargains and discounts is easy when you know what you are looking for, especially during flash sales and shopping festivals. >> Online bargains: The burgeoning online space in the UAE has …
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Posted on 25/12/2020

UAE- OFID supports Malawi with $20m loan to boost rural livelihoods

The Opec Fund for International Development (OFID) has signed a $20 million development loan agreement with Malawi to improve the livelihoods of around 1.3 million people living in rural areas. …
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Posted on 24/12/2020

Dubai economy forecast to grow by 4 per cent in 2021

Since the onset of the COVID-19 pandemic, Dubai has responded with swift and effective health measures and economic support initiatives that protected lives and livelihoods.
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Posted on 24/12/2020

UK-UAE export credit deal set to ‘significantly’ boost trade corridor

The recent signing of a reinsurance agreement between the UAE and the UK is set to lead to an influx of British companies exporting into the region, according to experts. The new agreement – signed by …
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Posted on 24/12/2020

UAE’s ‘Great Game’ in Red Sea complicates regional balance

Analysts believe that despite reducing its military footprints in Yemen in 2019, UAE has consolidated itself in the southern regions. It has continued to finance and impart training to thousands of …
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Posted on 24/12/2020

Dubai economy forecast to grow 4% in 2021

Outlook take into account prevailing conditions and global economic situation Dubai: A recent study by Dubai Economy estimates growth to accelerate to 4 per cent in the emirate by 2021, taking into …
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Posted on 24/12/2020

Chinese steel manufacturer Huadi International widens range to $7 to $8 ahead of $23 million US IPO

Huadi International Group, which manufactures steel pipe and tube products in China, widened the proposed range for its upcoming IPO on Wednesday … the Philippines, UAE and Canada. Huadi …
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