Quick summary The share of US dollar reserves held by central banks around the world hit a 25-year low during the fourth quarter of 2020, according to the International Monetary…
Tag: UAE Business
UAE Launches a sustainable food valley 'The Food Technology Valley' in Dubai
UAE Launches a sustainable food valley ‘The Food Technology Valley’. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai announced on Saturday…
Gold price falls as Dollar rallies
Gold price fell on Tuesday following the peak gains from the past week. The price fell as the dollar rallied, following comments from Jerome Powell, Chairman of the US Federal…
UAE Police clampdown with tougher UAE Covid restrictions
The United Arab Emirates police force, the UAE Police have had to clampdown with tougher COVID-19 measures because of increasing Covid-19 infection rates. The UAE reported 3,525 new cases on…
UAE travel restrictions - New rules to travel to Dubai & Abu Dhabi
The United Arab Emirates (UAE) UAE travel restrictions – New rules to travel to Dubai & Abu Dhabi for citizens to enter the emirate from within the country and for…
The UAE is fast becoming a gaming hub for esports in the Middle East
The UAE is fast becoming a gaming hub for esports in the Middle East. Through innovative alliances and partnerships with leading US organisations – like Monumental Sports & Entertainment– the…
Silver stock surges as trading army turns to commodities
Silver stock prices leapt to a five-month high on Monday on social media calls to buy the metal and emulate the frenzy that drove up GameStop shares. The recent GameStop…
FinTech Nymcard raises $7.6 million funding in Abu Dhabi
Abu Dhabi-based a thriving Gulf Startup FinTech company, Nymcard has raised $7.6 million funding in its opening series. The first round led by Shorooq Partners to fuel its growth within…
Bahrain opens new airport terminal with flight to Abu Dhabi
Bahrain marked the completion of its UAE-funded Bahrain International Airport expansion project with a flight to Abu Dhabi to “thank colleagues and friends” at the Abu Dhabi Fund for Development…
The future for UAE free zones amid foreign ownership changes
UAE free zones are open for 100 percent foreign ownership come into law today. The impending changes to laws governing the foreign ownership of firms in the United Arab Emirates…
UAE, Saudi Arabia progress with common digital currency
The central banks of the UAE (CBUAE) and Saudi Arabia (SAMA) have officially launched a project for a common digital currency. A final report on the Aber project follows ongoing…