Dubai's weekly property sales surge to highest level to $1.5bln
Dubai’s weekly property sales rose to their highest level this month, as more investors snapped up flats, villas and plots…
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UAE economy to witness full recovery by 2022
The UAE will have a full recovery in 2022 while pivoting to positive growth this year after recording a deep…
Oman suspends flights from UK, reduces staff capacity at offices
Oman has decided to ban all direct flights from the UK, except cargo flights, officials have announced. The sultanate…
Saudi's MEPCO announces non-distribution of dividends for 2020
Saudi Arabia’s paperboard producer Middle East Paper Company (MEPCO) will not be distributing cash dividends to shareholders for the financial…
Aruba appoints Channel Manager for MESA
Aruba has announced the appointment of Ahmed ElSayed as Regional Channel Manager for Middle East and South Africa. In…
Dubai Islamic Bank Shareholders Approve 20% Dividend as Robust Growth Continues Despite Economic Challenges
Dubai Islamic Bank the largest Islamic bank in the UAE, successfully concluded its Annual General Meeting held remotely at the…
Saudi Arabia spent $4.5 billion on industrial support last year
The Saudi Industrial Development Fund said it provided $4.5 billion in pandemic support last year, mostly to small businesses, as…
New CBUAE and Aurora50 Partnership Will Enhance Female Representation Across the UAE
The Central Bank of the UAE has signed a Memorandum of Understanding (MoU) with Aurora50, a social enterprise focusing on…
UAE Central Bank issues regulations on payment systems, including large-value transactions
The UAE Central Bank has issued two new regulations related to 'Large-Value Payment Systems' and 'Retail Payment Systems '. Both…
UAE gross bank assets at Dhs3.172 trillion at the end of January
Gross bank assets in the UAE, including bankers’ acceptances, were recorded at Dhs3.172 trillion by the end of January 2021,…
Citigroup names key banker on Aramco IPO as Saudi CEO
Citigroup appointed Wassim Al Khatib as its chief executive officer in Saudi Arabia as the US bank looks to boost…
Anti-Money Laundering Laws and Penalties in the UAE
Following a number of suggestions made by the Financial Action Task Force, the UAE published the Federal Decree Law No.…