It is part of the kingdom’s efforts to support Egypt’s economy
Foreign direct investment in 2021 totalled $19.3bn, the most since 2010
The UAE will likely continue to attract highly qualified individuals into the country
Bahrain is the first GCC country to issue regulatory approvals to the blockchain and cryptocurrency infrastructure provider
In both the 1970s and today, the shocks hit economies that already had inflation problems
The UAE is one of Iraq’s most important trading partners, with the value of exported goods totalling over $13.11bn in 2020
There are now more than 287,000 member companies of the organisation
The banks issued separate filings to the Abu Dhabi Securities Exchange (ADX) denying the report
The bond is the first issuance of its kind for a Jordanian bank on the exchange
The Emiratisation plan will apply to managerial positions across the country’s banking and insurance sectors
China ranked first as the country’s largest trading partner in 2021
These packages were introduced to ease the financial burden on businesses in the emirate during the Covid-19 pandemic
Spot gold rose as much as 1 per cent to $1,928.80 an ounce, the highest level since January 2021
Bullion is having a strong start to 2022
The 77-metre tall landmark will provide the largest platform in the region to study, envision and design the future
The strategic partnership could boost the value of bilateral trade between India and the UAE to over $100bn within the next five years
GCC banks are paving the way for a promising year
Gold has made a strong start to the year, surging to the highest since June
The agreement covers cooperation in areas such as trade, investment, SMEs, energy, tourism, technology, space and education among other areas
Total trade between India and the UAE stood at $53bn during April-December 2021-22
Last year, the financial centre also recorded its highest ever annual revenue and operating profit
Mubadala Capital manages over $10bn of assets in third-party managed funds across its Brazil, private equity, public equities and venture capital businesses
Bullion’s appeal as a store of value is being burnished by risk aversion in markets and a surge in inflation worldwide
The kingdom’s economy expanded 6.8 per cent in the fourth quarter of 2021
It also aims to support the international expansion of 100 Dubai-based companies
UBS’ Investor Sentiment Survey found that UAE investors were concerned about the pandemic, rising healthcare costs and the global trade conflict
The country plans to levy a 9 per cent corporate tax from June 2023
Last week, Fitch Ratings gave the fund a rating of A
The country plans to introduce a 9 per cent federal tax on corporate earnings for the first time next year
Oil prices soared to a seven-year high above $90 a barrel last month, stirring expectations of a return to triple-digits