Economy

Statistics from the Abu Dhabi and Dubai financial markets pointed out that Non-Arab foreign investors have continued pumping liquidity in Emirati stocks, leading to a rise in their total net value to AED1.68 billion. The registered rise in the net worth of non-Arab foreign investments resulted from the significant increase …

Etihad Credit Insurance (ECI), the UAE Federal export credit company, has partnered with the UAE International Invers Council (UAEIIC) to support Emirati investments abroad and protect UAE export businesses globally. Both ECI and UAEIIC have the mandate to accelerate national economic diversification and sustain the competitiveness of businesses operating in …

The UAE has been ranked first in the in the region, and fourth globally in the Global Entrepreneurship Index (GEI) 2020 by the Global Entrepreneurship Monitor (GEM – NECI), climbing up from its fifth ranking in the 2019 report. The country has outperformed many of the major global economies such …

The Central Bank of the UAE (CBUAE) has issued a Consumer Protection Regulation, the foundation of its new Financial Consumer Protection Regulatory Framework (FCPRF) and aims to ensure the fair treatment and protection of consumers. The new Regulation is supported by Decretal Federal Law No. 14 of 2018 Regarding the …

The Central Bank of the UAE (CBUAE) imposed financial sanctions on 11 banks operating in the UAE, pursuant to Article 14 of the Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organisations (AML/CFT Law), the pertinent articles and …

In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum issued Decree No. (3) of 2021 pertaining to the listing of joint stock companies in  securities exchanges in Dubai. According to the Decree, and subject to current …

Super 98:Before: 1.91 AED/LAfter: 1.91 AED/L Special 95:Before: 1.80 AED/LAfter: 1.80 AED/L Diesel:Before: 2.06  AED/LAfter: 2.01 AED/L

The Central Bank of the UAE (CBUAE) held the first Compliance Officers Forum to create a dialogue between the CBUAE and Chief Compliance Officers of all banks to discuss expectations from compliance function and banks’ risk management more generally. The forum, chaired by Abdulhamid M. Saeed Alahmadi, Governor of the …

The Central Bank of the UAE (CBUAE) has announced the commencement of operational procedures aimed at assuming the supervisory and regulatory responsibility of the insurance sector pursuant to Decretal Federal Law No. (25) of 2020 whereby the merger of the Insurance Authority into the Central Bank was decided. H.H. Sheikh …

ADNOC maintained in 2021 its position as the UAE’s most valuable brand for the third consecutive year, according to a new report from Brand Finance, the world’s leading independent branded business valuation consultancy. ADNOC’s US$10.8 billion (AED39.7 billion) 2021 brand value, a triple-digit percentage increase since the launch of its …