Forecast shows GDP to grow at 6.1 per cent this year; with the GCC surplus to reach $27bn
Markets in China and some other Asian countries will be closed for much of the week for the Lunar New Year holidays
The Ministry of Finance has set a rate of 9 per cent for taxable income exceeding Dhs375,000
Mansour Mohamed AlMulla is also a board member of the Abu Dhabi National Energy Company, Abu Dhabi Ports Company, Abu Dhabi Global Market, and Etihad Aviation Group
The Saudi benchmark index has jumped about 9 per cent this year
It ranked third globally in attracting greenfield foreign direct investments
Oman’s cost-cutting steps along with a rally in oil prices helped the sultanate return to global debt markets
A total of 59 per cent of these were professional licences, while 41 per cent were commercial
Atmospheric methane increased by a record amount last year, to 1,876 parts per billion
The 30 listings undertaken in 2021 were 15.5 per cent higher than the number of listings the previous year
The legislations include a decree establishing Dubai Chambers as a new entity that replaces the Dubai Chamber of Commerce & Industry
Hisham Khalid Tawfiq Abdulkhaliq Malak also serves as the undersecretary of the Department of Finance
The growth in the oil sector’s gross domestic product is set to be at 5 per cent this year
The contract was awarded by ADNOC Offshore to National Petroleum Construction Company following a tender process
Bullion fell last year in its biggest annual decline since 2015
Dubai International Chamber is supporting ongoing efforts to boost the emirate’s trade to Dhs2 trillion over the next five years
It includes an expenditure of nearly Dhs60bn in 2022
The total value of the Kuwaiti bank’s sukuk on the exchange stands at $898m
The GCC and UK already cooperate in many areas including security, foreign policy, trade and investment
From January, the UAE will adopt a Monday-Thursday work week with Friday being a half day
The project will include four landmarks – an opera House, museum, sports stadium and oceanarium, as well as 17,000 residential units
Prudential relief measures regarding banks’ capital buffers and liquidity and stable funding requirements will be extended by six months
The new alert level will be in place from Sunday, December 19, 2021, until Monday, January 31, 2022
The GCC Supreme Council also urged for the need to accelerate the establishment of a joint customs union and the GCC Common Market
Up to 74 per cent of the respondents also confirmed that they intend to pay out bonuses in 2022, with 46 per cent looking at offering one- two months’ gross salary
Under the new law, employees in both sectors will get similar leaves and end-of-service benefits
The UAE’s economy has received a strong boost from Expo 2020 Dubai and is on its way back to growth, states Danube Group founder and chairman Rizwan Sajan
Investment holding company Al Qudra’s board has approved a new foreign ownership limit of 30 per cent of outstanding shares
Officials expect the economy to expand 2.9 per cent this year and grow by a further 7.4 per cent in 2022
She will replace Faisal Al Ayyar, who will retire as the CEO after more than 30 years with the company