The Abu Dhabi government is seeking a $2 billion in loan and has been in contact with several banks. This move has been in line to allow the oil-rich emirate to “tap new liquidity pools in an era of low oil prices.” United Arab Emirates (UAE) capital, Abu Dhabi, gathered $10 billion for budgetary purposes…
The United Arab Emirates (UAE) based company called Finablr, which is a payments and foreign exchange holding firm, has officially expanded its operations in Saudi Arabia. It is worth mentioning that the company was listed on London Stock Exchange last year, which also helped the company gain reputation as a valuable brand. According to the…
According to the Global Islamic Economy Indicator, the total volume of investment opportunities in the UAE’s Islamic economy set to reach Dh85 million. Abdullah Al Maeeni, who is the director-general of the Emirates Authority for Standardisation and Metrology (ESMA), informed that the Islamic spending on food and beverages has seen a steady growth. He further…
The United Arab Emirates (UAE) has been ranked No. 1 soft power nation in the Middle East whilst it ranks 18th across the world. This was the first ever Global Soft Power Index, which identified business and economy as UAE’s strongest assets. The survey conducted was put together by a London-based consultancy Brand Finance. It…
The government has made it its mission to stimulate Abu Dhabi’s real estate market in 2020, according to a report published by global consultancy CBRE. Currently, there are 258,000 residential units in the UAE’s capital market but an additional 28,000 are likely to be added in the next three years between 2020 and 2023. The…
In a recent development, the United Arab Emirates (UAE) authorities have ramped up its efforts to settle the pending dues for workers within the country. The court, which was involved in previously settling the wages of 300 workers, has now also passed a ruling for addition 762 workers. According to the information, the 762 workers…