The UAE’s central bank had provided more than $70bn of stimulus by March to aid businesses
Re-exports fell 24.6 per cent year-on-year to Dhs13bn and non-oil exports by 8.5 per cent to Dhs18.3bn
China accounted for the highest percentage of DAFZA’s trade, with 21 per cent valued at Dhs7.7bn
There were 190 FDI projects announced in the emirate in H1 2020, around 50 per cent of them being greenfield initiatives
The first six months saw $72bn of bond issuance from the region
China’s state-owned oil giant is reportedly conducting advanced discussions with BP for a 10 per cent stake in the Khazzan natural gas field
The bank had asserted in March that no employees would be made redundant as a result of the Covid-19 pandemic
In February last year, the British bank received approvals from Saudi Arabia’s financial regulator to open a branch in the kingdom
Jiaozi Fintech Dreamworks and DIFC will collaborate on key sectors such as blockchain, artificial intelligence, big data and cloud computing
In H1 2020, 4,536 women investors completed 5,112 investments worth Dhs6.6bn
Majority of UAE investors said they were optimistic about the global economy
The King Fahd Causeway shut on March 7 as part of the precautionary measures
An official within the government added that the “issue is fundamentally not for discussion”
The two-week lockdown will commence from July 25
The emirate’s food imports reached Dhs22bn, while exports were recorded at Dhs5.5bn and re-exports amounted to Dhs4.5bn
Saudi Arabia was the emirate’s top trading partner during the period, accounting for Dhs17.91bn worth of trade
The capital raised by the sukuk will be used for general corporate and growth purposes including refinancing debt
It covers the payment of instalments and interests over the period from January 1 to December 31, 2020
The stimulus package aims to support small and medium enterprises and a number of strategic sectors
UAE citizens, GCC nationals and residents inside the country have a grace period of three months to renew their documents
Abu Dhabi is the 39th most expensive place for expatriates, according to New York-based consultant Mercer, more costly than Boston or Milan
The package is valued at Dhs200m and expected to benefit over 1,500 businesses
Waleed Al Mokarrab Al Muhairi replaces Mohamed Thani Al Rumaithi who recently tendered his resignation
DFM had announced the temporary closure of the premises on March 16 in the wake of the Covid-19 pandemic
Public and private sectors can resume work with a maximum of 30 per cent capacity
The payment was made using funds from asset sales, dividend payments and the delisting of port operator DP World
The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases
The UAE announced on Wednesday that it had completed the National Sterilisation Programme
Several economic and tourism activities in Sharjah are allowed to reopen at 50 per cent capacity on June 24
International travel as well as entry to the kingdom via land and sea will remain suspended