UAE economy
UAE-Bahrain Trade Returning To Pre-coronavirus Levels
Middle East Business News - Published date: .
Bahrain's trade for the first half of the year reached $10.4bn globally, down 2% on 2019 Read more
Coronavirus Set To Deliver 5.2% GDP Blow To UAE Economy In 2020
Middle East Business News - Published date: .
Latest central bank forecasts show a deeper contraction this year than first estimated, dragged down by disruptions caus... Read more
Mashreq Reports Drop In First-half Profit Amid 'tough Operating Environment'
Middle East Business News - Published date: .
Covid-19 pushed the impairment allowances to increase in the second quarter of 2020 massively affecting half yearly prof... Read more
UAE Shows Signs Of Recovery With Return To Business Growth
Middle East Business News - Published date: .
Saudi Arabia, by contrast, saw a sustained deterioration in overall business conditions, according to IHS Markit's Purch... Read more
Emirates NBD Said To Slash Workforce By As Much As 10%
Middle East Business News - Published date: .
In a statement, the bank said it had been severely impacted by the impact of the Covid-19 pandemic Read more
In Pictures: 7th Edition Of UBF's Middle East Banking Forum In Abu Dhabi
Middle East Business News - Published date: .
Under the theme 'Unlocking the Future, Shifting the Paradigm', MEBF 2019 explored key topics including Fintech, Islamic ... Read more
UAE Plans To Loosen Cap On Bank Lending To Property Industry
Middle East Business News - Published date: .
UAE banks can currently lend as much as 20% of customer deposits to the property industry Read more
Dubai's Samana Group Eyes $1bn Investments As It Sets Up China Base
Middle East Business News - Published date: .
Imran Farooq, Samana Group CEO is hoping for Chinese investment in three new real estate projects to be launched Read more
UAE 'very Close' To Becoming A Cashless Society
Middle East Business News - Published date: .
Dubai could see $2.2bn uptick in the economy by adopting more cashless facilities, say experts Read more
UAE's Biggest Bank Posts 4% Profit Rise To $2.5bn
Middle East Business News - Published date: .
First Abu Dhabi Bank CEO says on track for a record performance in 2019 Read more
UAE Central Bank Confirms Move To Control Real Estate Exposures
Middle East Business News - Published date: .
Central Bank of the UAE releases for consultation proposed new regulations to better control real estate exposures in th... Read more
UAE's Mubadala Says $19bn Spent On Expansion Plans In 2018
Middle East Business News - Published date: .
Abu Dhabi wealth fund says it invested in new areas such as medtech, pharma and agribusiness last year Read more
Self-service Kiosks Launched To Ease UAE Tax Refund Process
Middle East Business News - Published date: .
Kiosks added to UAE ports to fully automate procedures for the Tax Refunds for Tourists Scheme Read more
Abu Dhabi Said To Mull Merger To Create Biggest MidEast Bank
Middle East Business News - Published date: .
Sources say emirate is considering combining Abu Dhabi Islamic Bank with First Abu Dhabi Bank Read more
Nasdaq Dubai Welcomes $1bn Sukuk Listing By Sharjah
Middle East Business News - Published date: .
Emirate's total sukuk value listed on the Dubai financial exchange has now reached $3.45bn Read more
Most UAE Angel Investors Prioritise Home Markets - Survey
Middle East Business News - Published date: .
Research from Abu Dhabi-based global accelerator reveals importance of the UAE market to investors Read more
Over 300,000 Businesses Now Registered For VAT In The UAE
Middle East Business News - Published date: .
Federal Tax Authority also says that the Tax Refunds for Tourists Scheme is recording nearly 6,000 refund transactions p... Read more
UAE Unveils Plan To Ease Debt Woes For Emiratis
Middle East Business News - Published date: .
The plan targets loans that cost citizens more than 50% of their monthly salary Read more
KPMG Aiming For 'double-digit' Growth In The UAE, Oman, Says Local CEO
Middle East Business News - Published date: .
Regional CEO said the UAE's retail and real estate markets are going through "a maturity cycle" Read more
KPMG Aiming For 'double-digit' Growth In The UAE, Oman, Says Local CEO
Middle East Business News - Published date: .
Regional CEO said the UAE's retail and real estate markets are going through "a maturity cycle" Read more