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China’s yuan fell to an 11-year low against the dollar on Monday and stocks dropped as the Sino-US trade war sharply escalated, threatening to inflict more damage on the world’s largest economies.
China on Friday set a modest annual economic growth target, at above 6%, and pledged to create more jobs in cities than last year, as the world’s second-biggest economy planned a careful course out of a year disrupted by COVID-19.
China’s economic recovery quickened sharply in the first quarter to record growth of 18.3% from last year’s deep coronavirus slump, propelled by stronger demand at home and abroad and continued government support for smaller firms.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation (DFF), has said the metaverse will shape a new digital future for humanity.
Adnoc Distribution announced on Wednesday the approval of an interim dividend payment to shareholders for the first six months of 2022 of Dhs1.285 billion (10.285 fils per share), equivalent to $350 million. This is the first payment of what is expected to be a full-year 2022 dividend payment of minimum Dhs2.57 billion (20.57 fils
Dubai Chamber of Commerce recently hosted a workshop on the UAE Corporate Tax system at its headquarters, which was attended by over 330 participants from the business community, representing various economic sectors. Organised in collaboration with leading law firm Al Tamimi & Co., the workshop supported the Chamber’s
The UAE e-commerce market is expected to reach $27 billion this year chiefly due to exponential growth in Dubai’s small and medium enterprises as the emirate hosts more than 10,000 SMEs. E-commerce sales in the UAE are estimated to grow by an average of 23 percent per annum between 2018 and 2022, according to Statista.