The outreach is part of Dubai FDI’s overall strategy of virtual engagement in 2020, presenting an array of investment opportunities during the period when in-person trade missions have been affected by COVID-19 restrictions.
The group, to be known as the Digital Cooperation Organization, also includes Bahrain, Jordan and Kuwait, the statement said.
And last, but not least, while most of the economies have been dragging the lockdowns for months, for Dubai business is as usual and had resumed business after just three weeks of lockdown, which shows that the future is bright for investors who want to set up a business in Dubai Mainland.
Dake Rechsand, a Dubai-based company offering sustainable solutions for decentralised rainwater harvesting and desert farming, is advocating the adoption of breathable sand technology, to empower agri-entrepreneurship in the MENA region.
The media reported that 15% of the company's employees in the United States and India were suddenly made redundant as part of the cost-cutting exercise.
Dewa set an indicative range for its shares on Thursday, with the company selling 3.25 billion shares, or 6.5% of existing shares, at between Dhs2.25 and Dhs2.48 dirhams each, according to a statement.
The Crown Prince’s $500 billion flagship project NEOM will be partly financed through an IPO likely in 2024. "NEOM will add a trillion riyals ($266 billion) to the Saudi stock market value," MBS said.
The CRS is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial regulatory organisations across the world through secure channels.
The largest cryptocurrency, bitcoin, was down more than 10% on the day, falling to an 18-month low of $23,750. It is down by around 50% so far this year. Smaller coin ether fell over 15% to $1,210.