The total value of all sukuk listed by the Indonesian government on the exchange now stands at $19.75bn
In the first quarter, Saudi Arabia’s non-oil economy grew at its fastest pace since 2019
China remained Dubai’s largest trading partner in Q1 2021, with Dhs44bn worth of trade
This was the second USD transaction issued under EDB’s $3bn Euro Medium Term Note programme
Emirates NBD the largest financial services bond issuer on Nasdaq Dubai through seven listings with a total value of $5.1bn
The exchange’s market capitalisation increased 27 per cent during the first quarter of 2021 to Dhs940bn
CBD can offer up to Dhs10m financing to an SME, and 50 per cent of the facility amount will be either guaranteed or co-lent by EDB
The central bank’s foreign assets increased 0.4 per cent year-on-year
Despite a global economic slowdown, the UAE has remained economically resilient, he said
Restaurants and cafes can offer dine-in services starting from Sunday, May 23
The number of visitors to commercial complexes and restaurants will be capped at 50 per cent of capacity
FDI outflows meanwhile amounted to $9.2bn and covered various vital economic sectors
The private sector, excluding oil, grew for a fifth-straight month in April, according to IHS Markit
They will be listed on the exchange’s Second Market in Q2 2021
GCC states have the discretion to zero rate and exempt certain categories of supplies and Oman has used this discretion
The issuance was more than 4.5 times oversubscribed
OQ is tapping the international bond market for the first time in an issuance aimed at raising at least $500m
The fee for the permit to use the ‘Organic’ logo for organic products (previously Dhs5,000) will be waived
The kingdom has no plans to introduce an income tax, Prince Mohammed confirmed
Offshore companies comprised 11 per cent of the total number of new companies
Emirates NBD Capital led 24 transactions in Q1 2021 raising over $18bn
Operating expenses of Dhs1.061bn decreased 20 per cent year-on-year and 1 per cent sequentially
The list of sectors and the regulations associated with their entry into the local market will be announced by the UAE Cabinet ‘soon’
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
The partial curfew will continue to be in place from 7pm until 5am
Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year
Dubai ranked fourth globally in FDI capital flows into greenfield projects
Emirates will offer discounted fares for attendees of the Sharjah Entrepreneurship Festival and to startups relocating to the UAE through Sheraa’s initiatives
Over 6,000 new member companies joined Dubai Chamber in the first three months of 2021
China remained Dubai’s largest trading partner with Dhs142bn worth of exchanges in 2020