The Dubai International Financial Centre (DIFC) Courts has acquired the qualified electronic seal solution Ethaq, a paperless initiative that enables digital authenticity of documents with the support of UAE PASS, the secure national digital identity platform for the UAE. Ethaq is powered by Dubai Electronic Security Centre (DESC) and its Root Certificate Authority. It recognises […]Read More
Five major global organisations specialising in assessing competitiveness have ranked the UAE among the top ten countries in the world in 28 competitiveness indexes related to finance and taxes. This was highlighted by a report by the Federal Competitiveness and Statistics Centre (FCSC), which documented the rankings of the IMD World Competitiveness Yearbook, the Legatum […]Read More
Commercial Bank of Dubai, one of the leading banks in the UAE, announced the launch of “CBD Investr app”, becoming the first bank in the region to offer a robo-advisory investment solution. Developed in partnership with InvestSuite, a leading wealthtech company based in Belgium, this innovative investment app is powered by smart algorithms that actively […]Read More
Following receiving the necessary regulatory approvals, First Abu Dhabi Bank (FAB) has announced that it has initiated the process of share transfer for 100% of the share capital of Bank Audi sae (Egypt), Lebanon-based Bank Audi’s subsidiary in Egypt. Once the share transfer is complete, FAB will begin integrating the assets and operations of Bank […]Read More
Fujairah Terminals, a subsidiary of Abu Dhabi Ports, and Al Mayya Group, have today announced the signing of an agreement to handle the livestock logistics for the annual import of more than a million sheep, goat and cattle into the UAE. In one of the largest contracts of its kind in the UAE, Fujairah Terminals […]Read More
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, approved several new Dubai Council resolutions at a Council meeting he chaired on Tuesday aimed at accelerating the city’s growth in its new phase of development. The resolutions include a complete restructuring of the Government of […]Read More
Retail sales in the UAE are expected to rebound and grow by 13 percent to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, COVID-19 vaccination efforts and Expo 2020 Dubai, new analysis from Dubai Chamber of Commerce and Industry has projected. The […]Read More
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasised the importance of supporting the products from Emirati companies, expanding logistics networks and diversifying the state’s foreign markets, and launching initiatives that bolster the leading position of the private sector in foreign trade. Al Zeyoudi’s statements came on the sidelines of his […]Read More
The price of OPEC basket of thirteen crudes stood at $64.26 a barrel on Thursday, 4th March, compared with $62.15 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, said today that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, continues to guide the development of Dubai’s value proposition and supportive environment for businesses. Under Sheikh […]Read More
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