Economy News

Fujairah CP inaugurates 16th Arab International Conference on Mineral Resources

H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, inaugurated the 16th edition of the Arab…

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UAQ Ruler briefed about current, future plans of Ministry of Economy

 H.H. Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, was briefed about the…

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UAE set to remain Russian tourists’ preferred GCC destination

Russia has grown to become the second-largest source market for Dubai’s travel and tourism sector in 2021, climbing from eighth…

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UAE industrial exports hit AED120 billion, with 220 new factories going into service and beginning production: Sultan Al Jaber

 The UAE has successfully enhanced the growth and development of the industrial sector, with the Ministry of Industry and Advanced…

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Pandemic helps accelerate digital transformation in banking sector: Sharjah Bank CEO

The pandemic-induced circumstances have helped accelerate digital transformation in banking sector, paving the way for some other new trends having…

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Sharjah Islamic Bank’s net profit up 27%

 Sharjah Islamic Bank (SIB) recorded net profit of AED514.1 million for the year ended in 31st December 2021, an increase…

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UAE Cabinet approves restructuring of Securities and Commodities Authority’s Board of Directors

The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the…

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World needs smarter policies for carbon transition to succeed: Crescent Petroleum

 The energy supply crunch in Europe, Asia and the US this past year has underscored the need for smarter carbon-transition…

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Costa Rica aims to attract more tourists from Middle East as part of recovery plan: Vice-President

Costa Rica is looking to recover its tourism sector, which was affected by the coronavirus pandemic, through attracting more visitors…

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GCC investors purchase 1% of EU’s issued bonds for Europe’s recovery: official

The European Commission hopes to attract more GCC investors and financial institutions to fund its €800 billion NextGenerationEU programme, than…

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