Licensed financial institutions (LFIs) must comply with the central bank’s requirements in a month |
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| The latest round brings the total investments to the Egyptian e-commerce startup to around $40 million |
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| 27 brokerage firms in the Dubai Financial Market (DFM) executed deals over AED1.41 million, trading 40 billion shares valued at AED98.25 billion over seven months |
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| The new OPEC chief has three decades of industry experience, including stints in Beijing and London |
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| The auction, which is part of the country’s T-Bond programme, witnessed Treasury bonds oversubscribed five times |
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| The new flight service followed the Indian carrier launching two additional services last month from Thiruvananthapuram, Kerala – one to Abu Dhabi and the second one to Dammam in Saudi Arabia |
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The committee aims to “supervise and guide the development of the digital ecosystem” for the UAE government |
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| The new structure will feature four new agencies as part of the restructuring, which was approved by Dubai crown prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum |
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| Banks operating in the UAE must increase the debt burden ratio (DBR) from 50 percent to 60 percent |
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| The group opened a 12,000-square-foot store at Dubai’s Ibn Battuta Mall last week, which signals its expansion strategy across the two markets |
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| The two-day event, slated to be held on September 28-29, is to host over 300 international and regional stakeholders from key sectors, including governments, tourism agencies and and investment institutions |
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| The world economy is likely to grow slower at 3.2 percent this year, and the IMF urges policymakers to prioritise addressing inflation |
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The first step to getting your team out of the red zone is to create awareness within the team over what is going on |
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| The rising popularity of faster order fulfillment models in the region is influencing trip volumes and adding to CO2 emissions |
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| Investing in green growth can be both sustainable and profitable |
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