President Abdel Fattah El-Sisi directed, during his meeting today, Wednesday, a high-level delegation that includes the heads of the Italian companies “Wuhuan Engineering” and “Palestra”, working in the field of fertilizers, and senior officials of the two companies, to start immediately the construction of the third industrial complex for the …
Read More »Thani Al-Zeyoudi: The UAE and Turkey are moving forward in the procedures for approving and activating the Comprehensive Economic Partnership Agreement
Abu Dhabi, July 19: His Excellency Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, affirmed that the UAE and Turkey are continuing to move forward with the procedures related to the adoption and activation of the Comprehensive Economic Partnership Agreement, in preparation for its entry into …
Read More »Pioneers stresses the importance of small and medium enterprises to enhance the growth of the national economy
Sharjah, July 16 / His Excellency Hamad Ali Abdullah Al Mahmoud, Director of the Sharjah Foundation for Supporting Entrepreneurial Projects “Rowad” and Chairman of the Project Finance Committee, stressed the importance of small and medium enterprises in promoting the growth of the national economy and the prosperity of many sectors …
Read More »Hamdan bin Mohammed: With the visions of Mohammed bin Rashid, Dubai continues to consolidate its position as the capital of the global economy
The local Sharaf Retail Group in the UAE continues to expand its reach significantly in the world of fashion, fashion and lifestyle throughout the Middle East and the Far East. In this context, the group opened the twelfth store of its leading brand, Cotton On, in Ibn Battuta Mall. ». …
Read More »The Dubai market topped the Arab stock exchanges in June, up 6%
The Composite Index of the Arab Monetary Fund for the Arab financial markets ended the transactions of the month of June 2023 at the level of 484.43 points, an increase of about 0.08%, equivalent to 0.40 points, compared to its value recorded at the end of May 2023, due to …
Read More »The Central Bank: The UAE banking sector is well capitalized and has sufficient liquidity reserves
The Central Bank of the Emirates issued the Financial Stability Report for the year 2022 for the UAE, including its comprehensive assessment of the stability of the financial system. The report emphasized that the financial system remained resilient and stable throughout the year despite the challenges the world faced, and …
Read More »The Minister of Economy is discussing with four Korean ministers and officials the promotion of bilateral cooperation in the sectors of the new economy
Seoul, July 10 / His Excellency Abdullah bin Touq Al Marri, Minister of Economy, confirmed that the United Arab Emirates and the friendly Republic of Korea have developed and distinguished economic and trade relations, within the framework of the support and forward-looking vision of the leaderships of the two countries …
Read More »Abu Dhabi Global Market issues regulations for hotels and tourism
The Abu Dhabi Global Market issued regulations for hotels and tourism for the year 2023, which adopt the tourism legislation for the Emirate of Abu Dhabi, and include regulations and provisions related to hotels and tourism sectors, which are supervised by the Department of Culture and Tourism in Abu Dhabi, …
Read More »323 billion dirhams, the dividends of UAE companies in 9 years, the most generous banks with 140 billion dirhams since 2015
The value of cash dividends and bonus shares approved by shareholders in the general assemblies in the UAE stock markets during the past nine years amounted to about 323 billion dirhams, according to the Gulf survey on dividends. The survey indicated that the total cash distributions approved by the listed …
Read More »64 billion dollars in remittances from expatriates to 10 Arab countries in 2022, the World Bank expects them to grow by 1.7% in 2023
The World Bank revealed in the latest issue of its “Summary of Migration and Development” report that the total flows of remittances of Arab expatriates to their countries amounted to about $64 billion in 2022, declining by 0.03%, or $2 billion, compared to $66.14 billion for 2021. The report indicated …
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