Economy

The Abu Dhabi Securities Exchange (ADX) has announced it waived its minimum commission fee on trades in all listed securities starting today 31st August to further encourage market participation among individual investors on one of the best performing markets in the world this year. The decision follows the announcement on …

Fuel prices for the month of September 2021 Super 98: Before: 2.58 AED/L After: 2.55 AED/L Special 95: Before: 2.47 AED/L After: 2.44 AED/L Diesel: Before: 2.45 AED/L After: 2.38 AED/L

The Abu Dhabi Securities Exchange (ADX) has reduced its trading commissions by 50% and will extend its trading hours by one hour, with the market opening at 10am and closing at 3pm. The reduction in trading fees, to 0.025% from 0.05%, which will take effect starting 1st of September, is …

Abu Dhabi Islamic Bank (ADIB) today officially unveiled “Amwali” digital bank, the world’s first Islamic digital bank targeting youth between the age of 8 to 18. Co-created with the Founders Club, a cohort of Emirati youth and their parents, the all-in-one banking solution is designed to empower young customers with …

Emirates Global Aluminium has successfully refinanced US$5.5 billion of corporate debt, deleveraging and improving repayment terms to reduce costs and enable an optimal dividend policy in future years for shareholders. The term loan facility reduces by US$1 billion the size of EGA’s existing seven-year US$6.5 billion loan facility signed in …

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated the 300 megawatt (MW) first stage of the 900MW fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. Implemented by Dubai Electricity and Water Authority (DEWA) using the Independent Power …

Dubai Airports is projecting robust growth for Dubai International (DXB) in the second half of the year after the airport clocked 10.6 million passengers in the first six months of 2021 despite travel restrictions affecting its key source markets throughout the second quarter. “In anticipation of the robust recovery of …

The Abu Dhabi Department of Economic Development (ADDED) has announced the release of the professional license across the Emirate of Abu Dhabi, permitting foreign professionals to establish and fully own a professional business company within 604 professional activities following their area of experience and qualifications. The professional activities company include …

Dubai Chamber has launched a new online business intelligence tool to help Dubai traders identify the untapped potential for exporting commodities to 30 promising markets across the MENA region, Asia, Africa and Europe. There are 26 major commodities listed on the platform, worth an estimated US$10. billion of untapped opportunities …

Dubai’s hotel sector is gearing up for Expo 2020 Dubai, the world’s largest and most impactful event ever to take place in the Middle East, Africa and South Asia (MEASA) region, from 1st October, 2021, to 31st March, 2022, while recovery from the COVID-19 is gaining momentum globally and the …