The UAE banking system concluded the year 2019 in a resilient position with adequate capital and liquidity buffers well above regulatory requirements. The banking system remained profitable
The United Arab Emirates stock markets closed higher on Tuesday, led by financials and property shares. Dubai’s main share index gained 0.5%, led by a 1.5% rise in blue-chip developer Emaar Properties and a 0.5% gain in Emirates NBD Bank.
Dubai Startup Hub, an initiative of Dubai Chamber of Commerce & Industry (DCCI), and Dubai Technology Entrepreneur Campus (Dtec), a wholly owned tech co-working space by Dubai Silicon Oasis Authority, on Tuesday
Dubai Exports announced they will co-host the UAE’s major virtual international buyers forum in the COVID-19 era in partnership with Abu Dhabi Exports Office (ADEX) and Etihad Credit Insurance (ECI)
Effective 12th July, 2020, the Central Bank of the UAE, CBUAE, will introduce a new deposit facility named Overnight Deposit Facility (ODF), which will enable conventional banks operating in the UAE to deposit their surplus liquidity at CBUAE on an overnight basis.
Pushing ahead its agenda of creating a holistic, development-oriented environment for the UAE’s entrepreneurial community amid the socioeconomic economic challenges brought on by the Coronavirus (COVID-19) pandemic, the Sharjah Entrepreneurship
Ducab Group, one of the UAE’s largest manufacturing businesses, has taken a significant step towards increasing its sustainability with the official opening of its Solar Plant, which was inaugurated by His Excellency Saeed Mohammed Al Tayer,
Sharjah Asset Management (SAM), the investment arm of the Sharjah government, has announced the launch of a new company through its partnership with the largest engineering consulting firm in Malaysia (CHSS).
The Dubai Financial Market (DFM) on Sunday announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, July 7, 2020, with the strict implementation of precautionary measures for the safety of clients and employees.
Dubai’s ease of doing business is expected to improve further following the Dubai Chamber of Commerce and Industry’s announcement that it is cooperating with the Dubai Airport Freezone Authority (Dafza) to connect the digital services of both organisations.