Tag: economy
10th Five-Year Plan Targets Average 3.5% GDP Growth Rate: Economy Undersecretary
Muscat: Dr. Nasser Rashid Al-Ma'awali, Undersecretary of the Ministry of Economy has said that the tenth five-year plan will focus on achieving a real...
Muscat Securities Market Renamed As Muscat Stock Exchange
Muscat: Oman's Muscat Securities Market – or MSM – has been renamed following the issuance of a Royal Decree today .
In a Royal Decree...
4 Key Fiscal Reforms That Are Expected To Boost Oman’s Economy
The Government of Oman has made substantial fiscal adjustments since a sharp decline in oil prices since mid-2014, resulting in the formation of a foundation...
AED17.5 bn in credit facilities to non-residents in eight months
(WAM) -- Credit facilities provided by UAE banks to non-resident clients rose by AED17.5 bn over the first eight months of the year, statistics...
FAB reports AED 7.3 bn in net profit for first nine months of 2020
(WAM) -- First Abu Dhabi Bank, FAB, reported AED2.5 bn for Q3-2020, 4 percent up on Q2, with net profit for the first nine...
More stimulus is welcomed – but what’s needed is smarter stimulus
Stock markets are cautiously upbeat that a stimulus package can be agreed in the U.S. before the November 3 election – but even if...
Expo Centre Sharjah participates in international meeting on ‘economic impact of COVID-19 on tourism...
(WAM) - Saif Mohammed Al-Midfa, the CEO of Expo Centre Sharjah, underlined that the proactive and early recovery efforts made by the UAE’s wise...
More Consumer Education and Collaboration Needed, Argues New Economist Intelligence Unit Study on the...
Amidst the chaos created by the covid-19 pandemic and the various policy responses designed to contain its spread, the usual loose grouping of malicious...
Dubai Maritime City marks 70% completion of Phase I of infrastructure works
(WAM) -- DP World, the Dubai-based global provider of smart logistics solutions, on Tuesday announced the overall completion of 70 percent of the AED140...
Dubai residential sales gain pace over Q3, although remain down year-on-year, says Chestertons
Despite a clear quarterly rise in property sales during Q3, Dubai’s real estate market is expected to face further challenges in both the rental...
