Economy

DUBAI, 31st October, 2019 (WAM) — Dubai Investments has announced that it reported net profit of AED459 million for the period ending 30th September compared to AED724 million for the same period last year. These profits include exceptional items related to gains on M&A transactions of AED64 million and AED333 …

Ahmed Ali Al Sayegh, Minister of State, and Miro Cerar, Minister of Foreign Affairs of the Republic of Slovenia, co-chaired the UAE-Slovenia Joint Committee meeting held in Abu Dhabi on Wednesday. During the meeting, Al Sayegh noted the strength of the two countries’ bilateral relations, particularly in the field of …

On behalf of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, is leading the UAE’s delegation to the now-running Third Edition of …

Businesses in Dubai are confident of closing the year on improved revenues and a stronger footing with economic growth expected to gain momentum during the months ahead. The quarterly business survey of Dubai Economy showed that the Composite Business Confidence Index, BCI, of local businesses increased 14.9 points and reached …

The total recorded re-exports of the United Arab Emirates amounted to AED 1.046 trillion over the past three years, which accounted for 25 percent of the UAE’s total trade volume during the same period, valued at AED4.141 trillion, according to official statistics revealed by the Federal Competitiveness and Statistics Authority. …

While visiting the Ras Al Khaimah Chamber of Commerce and Industry, a delegation from Pakistan, led by Ahmed Amjad Ali, Pakistani Consul General in Dubai, was briefed on the investment opportunities available in Ras Al Khaimah. The meeting was attended by Sheikh Ahmed bin Saqr Al Qasimi, Chairman of RAK …

Emirates NBD on Monday said it has appointed Patrick Sullivan as group chief financial officer, replacing Surya Subramanian who will leave Dubai’s biggest bank after about nine years as it announced a big jump in profit for the first nine months of 2019. Sullivan will assume the role from January …

The 27th Edition of the Jewellery and Watch Show, JWS, was inaugurated by Sheikh Nahyan bin Mubarak Al Nahyan, the UAE Minister of Tolerance, today. The opening ceremony was attended by VIPs, visitors and members from the media. Sheikh Nahyan took a tour of the different sections of the exhibition …

Brazil-UAE bilateral trade is set to increase this year with the intensified business transactions, a top Brazilian diplomat said. “The bilateral trade stood at US$2.6 billion in 2018, however, the first eight months of 2019 have already witnessed US$2 billion trade transactions. This means 2019 trade volumes will surpass the …

Nasdaq Dubai welcomed the listing of a US$750 million issued by the Emirate of Sharjah on Wednesday. It is the second Sukuk listing this year on Nasdaq Dubai by the Emirate of Sharjah, following a one $1 billion listing in April, said a press release issued by Nasdaq Dubai on …