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Tag Archives: Economy

UAE stocks attract foreign investors as H1 results continue

By Zawya- Mahmoud Gamal, Mubasher Listed-stocks have recently hit record highs on the back of the interim financial results The UAE stock markets are currently gaining accumulations by foreign investors as listed-stocks have recently hit record highs on the back of the interim financial results, analysts told Mubasher. Most institutional investors in the UAE’s twin bourses were buyers during Sunday’s …

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UAE economy stays robust despite global headwinds

The UAE’s solid and diversified economy has softened the effects of both lower oil prices and weakened global demand for trade. This will also lead to prosperous years ahead for the UAE economy, according to a new report from the Dubai Chamber of Commerce and Industry (Dubai Chamber). In addition to increased confidence, the UAE’s economic outlook is buoyed by …

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Saudi businesswomen eye greater role in the economy with end to driving ban

The end of the driving ban will boost women’s financial power Saudi Arabia – The end of the driving ban will boost women’s financial power and allow them to play a bigger role in economic and social diversification in line with Vision 2030, prominent businesswomen said on Friday. Hind Khalid Al-Zahid was the first Saudi woman designated as an executive …

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Digital transformation of Service Economy can drive growth across Middle East and Africa says World Bank

Rabah Arezki, Chief Economist for Middle East and North Africa Region (MNA) at the World Bank will be addressing this subject in a Keynote Speech: “A new economy for MENA – how the service economy and digital transformation can drive growth and job creation across the region” Investment into digital transformation in the major Cities of the Middle East and …

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Travel, tourism to boost UAE’s GDP

Contribution to economy set to hit $29.53bln in 10 years By Issac John, Khaleej Times UAE – The direct contribution of travel and tourism to the UAE economy is forecast to rise by five per cent to Dh72.6 billion in 2018, and will hit Dh108.4 billion in 10 years, reflecting the vibrant growth potential the sector offers, the World Travel …

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UAE ranked 13th most promising economy for investment

Ranking reflects UAE’s liberal and investment-friendly business policies Staff Writer, Khaleej Times The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer. The ranking, published in the UNCTAD’s recently released annual World Investment Report …

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East Africa Islamic Economy Summit 2018 returns to Nairobi, Kenya

Tapping into East Africa’s tech savvy population to drive Innovation and Financial Inclusion ‘East Africa’s fairly developed infrastructure and communication sector, a young educated tech savvy population and their ability to capitalise on technology development provides a great opportunity for the region to lead in the Islamic Finance digital economy’ – Agnes Gitau, GBS Africa (http://GBSafrica.co.uk) elaborating the theme of …

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Challenges may come, but UAE’s ready for it

UAE’s resilience puts it on track to double economic growth in 2018 The UAE economy, resilient to global and regional headwinds, has been on a steady rebound in 2017, despite predictions of a slowdown in economic growth elsewhere in the region. Economists and analysts predict that the UAE – marking its 46th year as one of the fastest-growing economies in …

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Egypt: The Economy Is Gathering Strength

Egypt launched a reform program when its economy faced rising imbalances that led to high public debt, a widening current account deficit, and declining official reserves. “The Egyptian authorities have embarked on an ambitious reform program and have taken decisive measures aimed at restoring macroeconomic stability and sustainable public finances. At the same time, by strengthening social protection measures, they …

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Adnoc decision ensures UAE’s ability to diversify economy

The decision of the Abu Dhabi National Oil Company to both expand and possibly offer an IPO on minority stakes in some of its service sectors is a move that will boost the country’s economy and help ensure access to the world’s fastest growing markets. Such a move was inevitable as the Shale Revolution and resulting falling oil prices have …

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