Sunday 24 March 2019
 
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Dubai issues 2,204 new licenses in February

The Business Registration and Licensing (BRL) sector of the Department of Economic Development (DED), Dubai, issued 2,204 new licenses in February, a growth of 37 per cent compared to the same month of 2018 (1,606). The new licenses created 8,515 jobs in the labour market. Among

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Expats in UAE remit $10.8bn in Q4 2018

Expats remittances from the UAE amounted to Dh39.9 billion ($10.8 billion) during Q4 2018, 7.7 per cent down against the same period in 2017, according to figures released by the Central Bank of the UAE, a media report said. A total of Dh9.5 billion of the remittances were transf

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UAE GDP grows 4.4 per cent in Q4 2018

Driven by increased buoyancy in non-oil sector, and accelerated growth in oil production from October to December 2018, the UAE gross domestic product (GDP) grew by 4.4 per cent in Q4 2018 as compared to the corresponding period of 2017, according to Central Bank of UAE statistics.

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DIB wins big at Islamic Finance News Awards

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, received nine industry recognitions at the prestigious Islamic Finance News (IFN) Awards 2019. The bank was honoured once again with the “Best Islamic Bank” in the UAE, “Best Islamic Bank” in K

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Ithmaar Bank denies allegations on social media

Ithmaar Bank, a Bahrain-based Islamic retail bank, has dismissed as inaccurate allegations being circulated as a voice recording on some social media platforms. In a statement issued today (March 11), the bank said it is initiating legal proceedings against the individual who mad

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Emirates Islamic in tie-up for payment gateway

Emirates Islamic a top financial institution in the UAE, has partnered with technology consultancy emaratech to enable individuals and businesses to make electronic payments for a range of government services via the noqodi payment gateway. Through the new tie-up, Emirates Islami

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SWIFT launches new proof of concept on e-Voting

SWIFT, the world’s leading provider of secure financial messaging services, has launched a proof-of-concept (PoC) on e-Voting, using distributed ledger technology (DLT) to provide a more efficient and transparent management of the proxy voting process for shareholder meetings.

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UAE listed companies awarded $8.7bn dividends for 2018

A total of 113 listed public joint stock companies distributed Dh32 billion ($8.7 billion) in dividends for 2018, according to data released by the Abu Dhabi Securities Exchange and Dubai Financial Market. The largest across the GCC and Middle East and North Africa (Mena) region,

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Dubai non-oil sector strengthens in February

Business conditions in Dubai’s non-oil private sector economy continued to strengthen in February, at a similar rate to January, according to the latest Emirates NBD Dubai Economy Tracker. Total business activity rose at the fastest rate in nine months, while new business i

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