UAE

RAK 26-08-2019 / WAM The Emirate of Ras Al Khaimah has maintained a credit rating at the “A” level with stable outlook according to Fitch’s sovereign credit rating. The Agency has maintained the emirate’s rating at “A” level for the last ten years, confirming that low rates of government debt …

Dubai 26-08-2019 Dubai Economy, represented by the Commercial Registration and Licensing Sector, has achieved outstanding results for the “ Automatic Renewal ” service for commercial licenses during the first half of 2019, where it completed 34,250 automatic renewal transactions, which constitutes 47% of the total renewal transactions (73,404), which confirms …

Dubai 26-08-2019 The real estate transactions in Dubai Land Department reached more than 1.2 billion dirhams. Today, the Department witnessed 161 sales worth AED 300 million, of which 20 land sales worth AED 100 million and 141 sales of apartments and villas worth AED 200 million. The most important land …

ABU DHABI, 25th August, 2019 (WAM) Abu Dhabi’s First Abu Dhabi Bank, FAB, today rejected allegations by the Qatar Financial Centre Regulatory Authority, QFCRA, that its branch in the Qatar Financial Centre had failed to provide appropriate financial disclosures. The full text of an FAB statement issued today follows. As …

Abu Dhabi 25-08-2019 The Gross Domestic Product (GDP) of the Accommodation and Food Services Sector at constant prices increased to AED 32.5 billion in 2018, a growth of 4.2% compared to AED 31.2 billion in 2017. The contribution of the accommodation and food services sector to the GDP of non-oil …

Dubai 25-08-2019 Dubai’s commercial control and consumer protection sector recorded 4,735 dossiers for trademark owners and 29 dossiers for commercial agencies during the first half of 2019. The rate of received files increased by 63% against the same period in 2018, and this outcome came through the electronic portal of …

Abu Dhabi 25-08-2019 Four new financial technology startups have joined the fourth round of the Abu Dhabi Global Market Regulatory Laboratory initiative. The four local and international companies included DAPI, Point Check Out in the UAE, Gabriel Network from Switzerland and Ecovolio from Luxembourg, selected from 14 applications from companies …

Sharjah 25-08-2019 The Chairman of the Sharjah Chamber of Commerce and Industry stressed the importance of cooperation between the Chambers of Commerce and Industry and the relevant entities of the UAE business sector to reflect this cooperation to support the march of the sector and remove any challenges faced by …

Abu Dhabi 25-08-2019 The number of e-services provided by the UAE government reached about 3730 federal and local services via the internet through the official portal of the country in a step that reflects the progress made by the state in the field of smart government, which contributed to its …

Abu Dhabi 25-08-2019 ADNOC Distribution, listed on the Abu Dhabi Securities Exchange (ADSM), has announced that it has received a Shariah-compliant rating certificate, according to a survey conducted by the United Islamic Banks Shariah Committee for Shari’ah Shares in the UAE. This certificate allows the brokerage firms of Islamic banks …