There has been a ‘significant return to lending’ by financial institutions in the Emirates, according to a new report.
U.S. airlines stand to benefit from flight cutbacks by Dubai-based Emirates, which blamed President Donald Trump’s travel restrictions for weakening demand from Middle Eastern passengers, reports Bloomberg.
Dubai Holding LLC named Edris Alrafi chief executive officer as the investment company owned by the emirate’s ruler seeks to grow after years of restructuring, according to Bloomberg.
Amazon.com Inc. and India’s Flipkart Online Services Pvt have walked away from talks to acquire Dubai-based Souq.com after disagreeing over price, according to two people with knowledge of the matter told Bloomberg.
The U.A.E. government approved a new visa system designed to attract top foreign talents in fields such as medicine, science and research to the country, Prime Minister Sheikh Mohammed bin Rashid Al Maktoum said on Sunday, reports Bloomberg
Dubai’s World Expo 2020 plans to award 47 construction contracts valued at 11 billion dirhams ($3 billion) this year, providing an economic boost for the United Arab Emirates even as oil prices remain low, reports Bloomberg.
Growth in Dubai will accelerate this year even as oil prices remain low and slower trade puts pressure on the emirate, senior government officials told Bloomberg.
Dubai Financial Market PJSC said it plans to introduce regulated short-selling in the “coming months,” the latest sign of efforts by stock exchanges in the Gulf to boost trading, reports Bloomberg.
In recent years, the way in which the financial markets have moved and the emergence of negative rates do not match anything that is taught in the economics textbooks. Fortunately, 2017 should confirm the return to normal that began at the end of this year.
The gender gap is particularly wide in the Middle East and North Africa, but some countries are working hard to narrow it. The Arab States have some of the highest disparities of all the 145 countries assessed in the World Economic Forum’s latest Global Gender Gap Report, but the UAE for example has been improving