finance & economy

July 12, 2020

ارتفعت قيمة المبالغ التي تم تحصيلها من خلال نظام الخصم المباشر المعمول به في دولة الإمارات إلى 61 مليار درهم خلال العام 2019 بزيادة نسبتها 7% مقارنة مع 57 مليار درهم في العام 2018.

وتظهر الاحصائيات الصادرة عن مصرف الإمارات المركزي أن الزيادة في المبالغ التي جرى تسويتها من خلال نظام الخصم المباشر ترافقت مع ارتفاع عدد المعاملات المنفذة عبر النظام من 13.4 مليون معاملة في"...

Continue Reading >

July 12, 2020

أعلن صندوق أبوظبي للتنمية، المؤسسة الوطنية الرائدة في تحقيق التنمية الاقتصادية المستدامة على المستوى المحلي والعالمي، عن مبادرة يتم بموجبها السماح بتأجيل سداد الديون المستحقة على الدول النامية والشركات المستفيدة من قروض الصندوق خلال عام 2020 لمساعدتهم على تجاوز التداعيات الاقتصادية لوباء كوفيد 19.

وسيتم تنفيذ هذه المبادرة التي ستستفيد منها الدول والشركات"...

Continue Reading >

July 12, 2020

أعلنت القرية العالمية، أحد أكبر المنتزهات الثقافية في العالم والوجهة العائلية الأولى للثقافة والتسوق والترفيه في المنطقة، عن قبول طلبات المشاركة في الموسم الخامس والعشرين من قبل المستثمرين والشركاء في الإمارات والعالم، وذلك عبر اتباع إجراءات سهلة وميسرة، للاستفادة من الفرص التجارية الاستثنائية لرواد الأعمال عبر مختلف النشاطات.

ويأتي هذا الإعلان في إطار"...

Continue Reading >

July 12, 2020

DUBAI: Dubai Design Week (DDW) is set to return for its sixth edition from Nov 9 to 14 at Dubai Design District (d3) and in locations across the city, it has been announced. However, due to the ongoing coronavirus pandemic, the annual design festival will take an all-new approach and will include both physical and digital components.

This year, Dubai Design Week will have a special focus on local talent and sustainability. Themes related to “locality, collective work, future imagining and sharing of public space under physical and mobility restrictions are put forward in this year’s edition for designers and creatives to investigate,”"...

Continue Reading >

July 12, 2020

The ratings of three major Dubai-based real estate development companies - DIFC Investments, Emaar Properties, and its retail subsidiary Emaar Malls - have been downgraded on increased economic pressures stemming from spread of Covid-19 pandemic, according to a report by S&P Global Ratings.

Dubai faces a deeper economic contraction in 2020 than the about 3% decline it experienced due to the 2009 financial crisis, it stated.

Despite"...

Continue Reading >

July 12, 2020

The UAE ranked first in GCC in the online service index (OSI) issued by UN within the e-Government Development Index (EGDI), while Bahrain clinched the second spot. Saudi Arabia came third in the index followed by Kuwait and Oman in 4th and 5th place respectively.

The UAE topped the OSI for Western Asia region and ranked eighth globally in EGDI. The Gulf country has also been ranked 4th in Asia in this indicator.

The"...

Continue Reading >

July 12, 2020

The UAE economy has once again proved its resilience, showing an early sign of recovery by posting a nominal growth of 0.64 per cent in business licences last month, latest data shows.

The total number of business licences issued across the country in June reached 652,885, a rise of 4,201 compared to 648,684 in May, according to statistics from the National Economic Registry of the Ministry of Economy.

This rise reflects the continuity of business and trade in the UAE, following a stable period in March and April despite strict restrictions on movement to contain coronavirus"...

Continue Reading >

July 12, 2020

(WAM) - Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, Dubai has launched its third stimulus package to ease the impact of the COVID-19 crisis on businesses.

Worth AED1.5 billion, the new package raises the value of business incentives introduced by the emirate’s government in the past few months to AED6.3 billion. The first stimulus package announced by the Dubai government was worth AED1.5 billion while the second was worth AED3.3 billion.

Crown Prince and Chairman"...

Continue Reading >

July 12, 2020

DUBAI, 11th July, 2020 (WAM) -- Dubai SME, the agency of Dubai Economy, mandated to develop the small and medium enterprise, SME, sector and entrepreneurship continued to expand and diversify its advisory and support programmes in 2019 with an added emphasis on enhancing SME competitiveness and strengthening Dubai as a hub of innovation and entrepreneurship.

The past year saw 3,871 Emirati entrepreneurs benefit from the start-up advisory services of Dubai SME, with nearly AED 170 million of exemptions and incentives to launch and grow businesses in diverse sectors.

Overall,"...

Continue Reading >

July 11, 2020

The International Monetary Fund and the World Bank will hold their annual meetings in October virtually, instead of convening in Washington, due to the coronavirus pandemic.

“As we continue to monitor the situation of Covid-19 around the world … and given the ongoing health concerns related to the pandemic … the managements recommend the annual meetings be held in a primarily virtual format,” IMF’s managing director Kristalina Georgieva and World Bank president David Malpass, said in a joint statement late on Thursday.

The meetings,"...

Continue Reading >