Economy

The Ministry of Finance, MoF, on Tuesday launched the “ESR Portal” to simplify the process of submitting Economic Substance Regulations (ESR)’s reports and notifications. The portal aims to simplify procedures for all companies operating in the country and allows them to submit reports, notifications and supporting documents electronically and in …

UAE is leading Forbes’ eighth annual flagship “Global Meets Local” ranking, with over 90% of the members in this year’s list working for global companies with regional headquarters in the country. Forbes Middle East has released its eighth annual flagship “Global Meets Local” ranking, featuring 50 individuals leading the regional …

In a landmark agreement, the export credit agencies of UAE and Israel have signed a cooperation agreement to develop economic relations between the two countries, broadening the export financing possibilities for their exporters. Etihad Credit Insurance (ECI), the UAE Federal export credit company, and The Israel Foreign Trade Risks Insurance …

“Leadership is about resilience; it is the unbelievable drive to not let anything get in the way of achieving your objective,” said David Jones, Co-founder of One Young World and Founder of You & Mr. Jones, on the final day of the virtual Sharjah Entrepreneurship Festival, SEF, 2020, organised by …

Recent figures issued by the Abu Dhabi and Dubai financial markets on 9th December showed that the number of shares owned by foreign investors in six real estate companies listed in Emirati financial markets surged to nearly 8.4 billion shares worth around AED21.2 billion. The significant rise in the number …

UAE financial markets on Tuesday posted gains of around AED6.5 billion in market cap driven by the realty and banking blue chips. The upbeat sentiments saw Dubai’s main stocks index edging up 2.00 pct to 2, 532, and ADX closing higher 0.4 pct than the last session at 5,062 . …

UAE financial markets on Sunday gained around AED16 billion in market cap driven by upbeat sentiments which sent the main indexes of Abu Dhabi and Dubai bourses up 1.38 percent and 2.57 percent respectively, after 9239 deals worth over AED1 billion over 627 million shares. In the Abu Dhabi Securities …

Statistics from the Central Bank of the UAE showed that the investments of Abu Dhabi banks in debt securities in the first nine months of 2020 amounted to AED19 billion, contributing to an increase in the cumulative balance of this type of investment to AED201.5 billion at the end of …

The recent amendments to the Commercial Companies Law in the UAE will have far-reaching impact on the flow and quality of foreign and domestic investments as well as overall economic growth of the country, stated His Excellency Sami Al Qamzi, Director General of Dubai Economy. His Highness Sheikh Khalifa bin …

Dubai International, DXB, added a new member to its airline family with the arrival of Israeli carrier Israir’s inaugural flight from Tel Aviv on Tuesday. Flight 6H 663, which departed Tel Aviv-Yafo at 10.00 am local time arrived at DXB at 5:10 pm UAE time on Tuesday with 166 passengers …