The UAE Government’s new foreign direct investment, FDI, law passed in 2018 could accelerate FDI flows by up to 20 per cent this year, from the eight per cent average growth rate, as per the recent estimates of the Ministry of Economy.
According to a recent study by PayFort, the GCC’s online retail revenues are expected to reach $69 billion by 2020. “The UAE leads the way regionally in terms of online sales, with 62 percent of citizens now shopping online, and annual sales expected to reach US$23.7 billion by 2022.” This was stated by Mauro Romano, CEO, ArabClicks, during an exclusive interview with Gulf Today.
Saudi Arabia unveiled the design of its pavilion at the Expo 2020 Dubai on Sunday. The pavilion will be second in size only to that of the UAE pavilion, covering an area the size of two football pitches.
She said her resignation would expedite the selection for the next head of the IMF.
DMCC - the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise - and the Department of Economic Development (DED), the Government of Dubai entity that regulates the economic activity of all onshore companies, have signed a strategic agreement to collaborate on the licensing of companies
New York: Three big US banks reported strong earnings even as warning signs emerged that the playing field is beginning to tilt against the financial industry. While the biggest risk ahead is that lower interest rates will pressure banks’ bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo
The bilateral trade ties between Kazakhstan and the UAE is marching ahead and is on a solid growth trajectory as our country bids to become a regional financial centre and Fintech hub for Central Asia is deeply influenced by Dubai. This was stated by Kairat Kelimbetov, Governor, Astana International Finance Centre (AIFC), during an exclusive