Economy

The Ministry of Economy (MoE) has published the due diligence regulations for responsible sourcing of gold on its website in both Arabic and English, as part of its continuing efforts to implement a stronger anti-money laundering and combating the financing of terrorism (AML/CFT) system in the UAE. The policy includes …

 The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration with the Central Bank of the UAE (CBUAE) as the issuing and paying agent, has announced the results of the fourth auction of the Treasury Bonds programme (T-Bonds), which is part of the AED …

Fuel prices for the month of September 2022: Super 98: Before: 4.03 AED/L After: 3.41 AED/L Special 95: Before: 3.92 AED/L After: 3.30 AED/L Diesel: Before: 4.14 AED/L After: 3.87 AED/L

The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital services to achieve its vision to be among the top central banks globally in promoting monetary and financial stability and supporting the UAE’s competitiveness and meet the needs and aspirations …

Dubai real estate market recorded 387 sales transactions worth AED1.15 billion, in addition to 68 mortgage deals of AED149.38 million, and 85 gift deals amounting to AED140.85 million on Tuesday, data released by Dubai’s Land Department (DLD) showed. The sales included 336 villas and apartments worth AED913.23 million, and 51 …

Dubai real estate market recorded 562 sales transactions worth AED1.42 billion, in addition to 75 mortgage deals of AED271.02 million, and 42 gift deals amounting to AED94.62 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 520 villas and apartments worth AED1.08 billion, and 42 …

Michael Bolliger, Chief Investment Officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s economy to grow by over five percent in 2022. In an interview with the Emirates News Agency (WAM), Bollinger said that the UAE’s economy grew by 3.8 percent in 2021, due …

Dubai real estate market recorded 528 sales transactions worth AED1.28 billion, in addition to 91 mortgage deals of AED169.72 million, and 10 gift deals amounting to AED23.06 million on Monday, data released by Dubai’s Land Department (DLD) showed. The sales included 457 villas and apartments worth AED893.08 million, and 71 …

The UAE’s public spending in the first quarter of 2022 totalled AED87.4 billion, an increase of 19.6 percent and equivalent to AED14.34 billion, compared to AED73.7 billion in the same period of the previous year, according to statistics from the Ministry of Finance. The figures also highlighted the fact that …

The Ministry of Community Development (MoCD) announced that the number of beneficiaries of the inflation allowance, which includes food, water and electricity, and fuel subsidies, under the Social Welfare Progarmme of low-income citizens, have so far reached 47,300 families across the nation. The subsidies underscore the keenness of the country’s …