Tag: UAE
85% of UAE adults are covered by financial inclusion; CBUAE Survey
A recent survey conducted by the Central Bank of the UAE (CBUAE) across the seven Emirates in the UAE has revealed that 85 percent...
Emergency Fund worth $272k unveiled by UAE’s EPA to boost Publishers
UAE's Emirates Publishers Association (EPA) unveiled an ‘Emergency Fund’ worth $272,000 to help several publishers in the UAE who have been critically affected by...
Dubai Islamic Bank secures $1 billion from its highly-valued Sukuk issue
Dubai Islamic Bank (DIB) has successfully secured a $1 billion extended 5-year Sukuk with a profit rate of 2.95% per annum, which is comparable...
2019 saw UAE’s non-oil trade increase by 4.4%
A study conducted by the Federal Competitiveness and Statistics Authority found that UAE’s total non-oil trade grew from Dh1.536 in 2018 to Dh1.603 in...
Ras Al Khaimah maintains its Fitch ‘A’ rating
Fitch Ratings, the American credit rating agency has affirmed an ‘A’ rating affirmed Ras Al Khaimah's (RAK) Long-Term Foreign-Currency Issuer Default Rating (IDR) at...
Etihad Credit Insurance has a new board after a cabinet backed...
UAE’s Federal Export Credit Company, Etihad Credit Insurance will have a mandated restructured board of directors after the UAE Cabinet's Resolution No. 9/8 for...
Emirates NBD fetches investment worth $245 million from Bank of America
North Carolina based Bank of America has acquired 1.51% in Emirates NBD, Dubai’s largest bank.
Sources suggest that the purchase is likely done through market...
UAE is 11th on the world’s safest nations list; Deep Knowledge...
The UAE has come out with flying colors with an impressive 11th position among 100 countries around the world in a study carried out...
