News

Media IN DUBAI, 22nd July, 2019 (WAM) The Dubai Financial Services Authority, DFSA, today announced that it is now a member of the Central Banks and Supervisors Network for Greening the Financial System, NGFS, becoming one of the first regulatory authorities in the Middle East and North Africa region to …

Media IN ABU DHABI, 22nd July, 2019 (WAM) First Abu Dhabi Bank, FAB, has been named ‘World’s Best Bank for Transformation’ at the Euromoney Awards for Excellence 2019, at the recent ceremony in London. This year’s awards demonstrated the growing importance of the UAE’s banks to the global finance sector. …

Media IN BEIJING 22nd-07-2019 Dubai-based global developer Emaar will jointly implement with Beijing Daxing International Airport an AED40.5 billion (US$11 billion) project including the five square kilometre land area of the 50 sq. km airport. Alabbar added that Emaar’s success in implementing the project is also a clear sign of …

Media IN ABU DHABI, 22nd July, 2019 (WAM) The Central Bank has announced that the Money Supply aggregate M1 ascended by 0.1%, from AED507.2 billion at the end of May 2019 to AED507.9 billion at the end of June 2019. The Money Supply aggregate M2 rose by 2.2%, from AED1321.3 …

Media IN DUBAI, 21st July, 2019 (WAM) Fang, China’s leading real estate internet platform in terms of the number of page views and websites visitors, announced the launch of uae.fang.com, a dedicated portal for the UAE. The Chinese online platform, which is a part of Fang Holdings, has marked its …

Media IN KSA, 21st July, 2019 The Gulf Petrochemicals and Chemicals Association’s Responsible Care Conference will be held  in Jubail from 14th-16th October, 2019 and will attract senior company executives from some of the world’s largest chemical firms, alongside service providers, government bodies and industry associations, to share the best …

Media IN Dubai – 21st-07-2019 The Dubai Financial Market Company on Sunday unveiled it has recorded a net profit of AED 65.1 million for the first half of 2019, down 21% from AED 82.8 million in H1-19. The company’s total revenue amounted to AED 163.5 million in H1-19, compared to AED 182.4 …

Media IN DUBAI, 21st July, 2019 (WAM) In a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, the Department of Economic Development, DED, in the emirate issued 2,394 new licenses for various professional, commercial, industrial and tourism activities in June 2019. According to …

Media IN DUBAI, 21st July, 2019 (WAM) New banking and licencing solutions tailored to the needs of start-ups, an uptick in the number of fintech start-ups specialising in SME banking and increased cooperation between UAE banks and the country’s start-up ecosystem, are among the key achievements outlined by the Dubai …

Media IN DUBAI, 21st July, 2019 (WAM) Dubai’s economy continues to experience sustained growth from the contribution of business tourism, thereby driving the nation’s economic diversification agenda prioritised in the UAE Centennial 2071 strategy. Dubai World Trade Centre’s, DWTC, latest Economic Impact Assessment report for 2018 saw a record AED13.1 …