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UAE cabinet passes long-awaited insolvency law for individuals

(Bloomberg) --The United Arab Emirates’ cabinet passed a long-awaited insolvency law for individuals, aimed at making the country a more attractive place to do...

Fleet size of carriers serving UAE to rise threefold by 2038: Airbus report

The fleet size of operators from all regions serving the UAE is forecast to nearly treble to some 1,730 aircraft by 2038 from around...

Dubai is building too many malls

(Bloomberg) --A desert city of gleaming skyscrapers and wealthy foreigners accustomed to packed, air-conditioned shopping malls, Dubai has developed an unexpected problem in recent...
egyptian business

Egypt, UAE to set up $20 billion joint investment platform

(Bloomberg) --Egypt and the United Arab Emirates are setting up a $20 billion joint strategic platform to invest in a range of sectors and...

UAE grants permanent residency to 2,500 scientists, researchers, doctors

The United Arab Emirates' Federal Authority For Identity & Citizenship has granted 'Golden Card' permanent residency to the first batch of 2500 scientists, researchers and doctors. "The...

Deeper deflation is Dubai’s price for faster economic upswing

(Bloomberg) --Dubai is deflating its economy to squeeze out growth. The emirate’s selling prices dropped last month at the fastest pace since February 2016, according...

Oman, UAE win big at Muscat Showjumping Series 2

The United Arab Emirates and Oman scored big wins at the Muscat Showjumping Series 2, the world-cup qualifiers being held at Al-Rahba grounds, Barka....
banking finance

Assets of UAE commercial banks soar to AED 2.457 trillion

The overall assets of commercial banks in the United Arab Emirates swelled to AED 2.457 trillion by the end of September 2019, revealed statistics...

UAE banking outlook stable on resilient credit profiles: Moody’s

The outlook for the United Arab Emirates (UAE) banking system remains stable as banks' credit profiles are resilient in a stable but subdued economy,...

Indian companies add 854,234 jobs to Dubai market

Indian businesses added 854,234 jobs to the labour market in the competitive business environment of Dubai, shows a recent Dubai Economy report. "Underlining the strong interest...

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