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Sheikh Mohammed announces Dh290-bn budget till 2026

Sheikh Mohammed announces Dh290-bn budget till 2026
The UAE Cabinet approved on Tuesday a Dh290 billion federal budget for five years until 2026.

UAE economy to grow faster at 4.6% in 2022: World Bank

 UAE economy to grow faster at 4.6% in 2022: World Bank
The UAE’s economy is showing signs of recovery in 2021 driven by a successful vaccination programme and a reduction in Opec+ oil production cuts, said a new report.

Dubai only city in MENA ranked in top 20 in GFCI

Dubai only city in MENA ranked in top 20 in GFCI
Dubai reinforces its status as an international financial hub of choice by climbing one rank to remain among the world's top 20 vibrant financial centres.

CBUAE - Covid increases money laundering risks

CBUAE - Covid increases money laundering risks
The UAE central bank sees increased risks of illegal financial flows emerging from the pandemic.

Cashless payments are growing faster than expected

Cashless payments are growing faster than expected
UAE set to become the first cashless country in the Middle East, a top official from UAE Ministry of Economy said.

Indian rupee slips versus UAE dirham

 Indian rupee slips versus UAE dirham
The Indian rupee slipped five paise to 74.28 against the US dollar (20.23 against the UAE dirham) in opening trade on Wednesday.

Emirates Post warns UAE residents when making payments

Emirates Post warns UAE residents when making payments
UAE’s Emirates Post advises customers to use official app or website for online payments.

Banking group unveils wealth management branch in Dubai

Banking group unveils wealth management branch in Dubai
Ajman Bank announces the opening of its first dedicated Wealth Management branch in Jumeirah Dubai that is designed to exclusively serve its Ajman Wealth customers.

Dubai property fund Emirates REIT cuts management fees

Dubai property fund Emirates REIT cuts management fees
Dubai property fund Emirates REIT cuts management fees by 20%. Their 2020 numbers were hit by 'unprecedented' revaluation of its portfolio.

DXB Entertainments shareholders will get paid by June 7

DXB Entertainments shareholders will get paid by June 7
Minority shareholders of theme park operator DXB Entertainments will get paid by June 7 for selling their holdings to Meraas.

Tristar Sets Price Range for 2nd Dubai IPO in 3 yrs

Tristar Sets Price Range for 2nd Dubai IPO in 3 yrs
Middle Eastern logistics firm Tristar set the price range for its planned IPO at 2.20 dirhams to 2.70 dirhams per share, in what would be only it’s second listing in 3 years

DFSA invites feedback on new digital token laws

 DFSA invites feedback on new digital token laws
Dubai's Financial Services Authority is taking feedback on its proposed regulations for cryptocurrency tokens. Submissions can be provided over the next 30 days.

United Foods is likely to deliver strong growth

United Foods is likely to deliver strong growth
Dubai's United Foods offers good investment opportunity. Maker of 'Aseel' ghee, United Foods is zeroing in costs and adding new categories.

Property stocks dip as capital flows into safer bets

Property stocks dip as capital flows into safer bets
Dubai property stocks traded lower as capital flows into safer bets.

Dubai Investments to distribute Dh340m as dividends

Dubai Investments to distribute Dh340m as dividends
Dubai Investments Shareholders to get an 8 per cent dividend payout for 2020, which will total Dh340.16 million.

Dubai Insurance Co is strong on fundamentals

Dubai Insurance Co is strong on fundamentals
Dubai Insurance Co. numbers reveal strong operating performance. Its general insurance lines could see gains from an upcoming economy upturn.

Gulf investors are wary of strict GCC-wide restrictions

Gulf investors are wary of strict GCC-wide restrictions
Gulf Investors are treading with caution after governments tightened up restrictions on social and commercial activity to curb the virus spread.

UAE equities have had a good start to the year

UAE equities have had a good start to the year
Emirates Refreshments Company, a Dubai F&B company continues its glory run as investors' favourite. Company is going in for a change of name and much more besides.

Utility company Utico plans Dubai stock market listing

Utility company Utico plans Dubai stock market listing
A private utility company in the UAE plans to make a listing on Dubai Financial Market later this year, floating between 20-30 per cent of its shares.

Network International backs DPO deal, shares fall

Network International backs DPO deal, shares fall
Dubai based firm Network International tried to relieve investor concerns over its move to buy rival DPO and the African company's links to collapsed firm Wirecard.

Dubai announces new Dh315 mn economic stimulus package

Dubai announces new Dh315 mn economic stimulus package
Dubai has announced the fifth economic stimulus package to help Covid-affected businesses. The latest package is worth Dh315 million, Crown Prince of Dubai tweeted.

Al Mal Capital raises Dh350m through Reit listing

Al Mal Capital raises Dh350m through Reit listing
Dubai's Al Mal Capital raises Dh350m for its IPO in turbulent times. Fund plans to acquire a portfolio of properties in the healthcare, education and industrial sectors.

ENBD REIT pays lower interim dividend to save up

ENBD REIT pays lower interim dividend to save up
The real estate fund ENBD REIT is shelling out lower interim dividends for the April to September period, reserving cash for future property acquisitions.

Dubai Government’s first step towards cashless society

Dubai Government’s first step towards cashless society
Dubai Government is making big push towards a cashless society. A Working Group is created to prepare roadmap and initiatives to make transition happen.

DIEDC - 'Islamic Economy' will see a rebound in 2021

DIEDC - 'Islamic Economy' will see a rebound in 2021
Global 'Islamic Economy' will see a rebound by late 2021, says DIEDC. This year will see 8% drop in spending by Muslims on halal products, services.
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