Dh80.96 billion sent home by expats in the first half of 2019
Expat remittances from the UAE amounted to Dh80.96 billion ($22.04 billion) during the first half of 2019, according to figures…
Hedge Funds & Alternative Investments
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Corporate tax rate cut will boost investment
To prevent the economy from further decline, a stimulus in the form of a corporate tax cut for domestic companies…
5.1 million employed in private sector by end of Q2 2019
Positive macroeconomic developments during the first and the second quarters of 2019 reflected on the UAE labor market as employment…
GCC still lagging when it comes to converting wealth to well-being
Boston Consulting Group has highlighted the global standing of the GCC in a number of dimensions on its latest Sustainable…
EIB’s investments in Egypt hit $11.56bln to date
The European Investment Bank has injected EUR 10.5 billion funding into the Egyptian market since it has started working in…
UAE govt spending tops $32 billion in Q1
The UAE consolidated government expenditure rose to Dh119 billion ($32.4 billion) during the first quarter (Q1) of 2019, a growth…
Middle East property investors still favour UK and US
As UAE and regional developers continue to unveil both luxury and affordable real estate across the Gulf, regional investors are…
'UAE a strategic growth market,' says National Payments Corporation of India
National Payments Corporation of India stated that UAE is one of its strategic international growth markets during a press briefing…
Abu Dhabi Securities Exchange slides 0.6% amid index rebalancing
The Abu Dhabi bourse’s main index ended 0.6 per cent lower on Thursday, after falling by over a per cent…
Real estate sector contributes 13.6% to Dubai’s GDP in 2018
The real estate sector in Dubai has achieved positive performance in 2018, boosting the emirate’s GDP growth, according to a…
Investcorp expands international advisory board
Bahrain-based Investcorp, a leader in alternative investment, has announced the appointment of Frances Fragos Townsend, executive vice president for Worldwide…
AUB concludes sale of its share in KMEFIC to Al-Thekeir Co
Ahli United Bank and Ahli United Bank announced that they concluded the sale of their shares in Kuwait & Middle…