Each Abu Dhabi resident earned Dh287,700 in 2017
Abu Dhabi GDP grows 14% to Dh692.8bn in nine months ABU DHABI 10 January 2019: Abu Dhabi’s nominal Gross Domestic Product amounted to Dh692.8 billion in the first nine months of 2018, 14 per cent […]
Money
Dirham 6+% higher than yuan, Indian, Pak rupees
ABU DHABI 27 December 2018: The UAE Dirham has appreciated against the currencies of both top 10 non-dollarised import and non-oil export partners by 3.08 per cent and 3.97 per cent respectively during the first […]
UAE interest rates up = loans get more expensive
ABU DHABI 20 December 2018: The Central Bank of the UAE (CBUAE) announced that, effective, Thursday 20 December 2018, it will raise interest rates applied to the issuance of its Certificates of Deposits in line […]
Nasdaq Dubai welcomes $200m sukuk by Emirate of Sharjah
DUBAI 21 December 2018: Nasdaq Dubai has welcomed the listing of a US$200 million sukuk issued by the Emirate of Sharjah. It is the Emirate’s second sukuk listing on the exchange this year, following a […]
‘Cardless’ cash withdrawal from ATMs now in UAE
Your mobile is your new Debit Card DUBAI 16 December 2018: Now you can enjoy the convenience of withdrawing money from bank ATMs (automated teller machines) without having to physically carry your bank debit card. The […]
UAE handles cheques worth Dh100+ billion every month
ABU DHABI 19 December 2018: A total of 22.5 million cheques worth Dh1.2 trillion were handled by the UAE Clearing Cheque System during the first eleven months of 2018, according to statistics released by the […]
DAE to sell 18 planes to institutional investors
DUBAI 18 December 2018: Dubai Aerospace Enterprise (DAE) Ltd. has entered into a definitive sale agreement to sell a portfolio of 18 mid-life aircraft to institutional investors. The 18 aircraft in this portfolio are on […]
Emirates Steel finalises $400 million Murabaha facility
ABU DHABI 17 December 2018: Emirates Steel, a subsidiary of General Holding Corporation (Senaat), has finalized a significant loan refinancing deal that will enable the company to accelerate deleveraging, increase financial flexibility, simplify its debt […]
100% salary increase for government employees
UMM AL QAIWAIN 14 November 2018: His Highness Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, has issued Decree No. 6 of 2018 to increase the salaries of […]
Your loans in UAE may get to be more expensive
Eibor hitting new highs ABU DHABI 29 November 2018: The interest rates charged by the Emirates Inter-Bank Offered Rate (Eibor) have continued to hit new highs across all terms, according to UAE Central Bank figures. […]