UAE: New Policy for Responsible Sourcing of Gold

UAE: New Policy for Responsible Sourcing of Gold

The Ministry of Economy (MoE) has published the regulations for responsible sourcing of gold on its website in both Arabic and English, as part of its continuing efforts to implement a stronger anti-money laundering and combating the financing of terrorism system in...
UAE may soon introduce ESG standards for all businesses

UAE may soon introduce ESG standards for all businesses

Dubai: UAE businesses could soon have some ESG (Environmental Social Governance) benchmarks to comply with. Rather than leave it to businesses to decide how to make their contribution to sustainability, a set of unified benchmarks will make it easier for them to...
UAE Cabinet: Approves New law on public-private partnership

UAE Cabinet: Approves New law on public-private partnership

Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan Abu Dhabi on Sunday. During the meeting, the Cabinet approved a new law enhancing partnership...
UAE: Economy grows at fastest pace since 2011.

UAE: Economy grows at fastest pace since 2011.

The UAE economy expanded by 8.4 per cent in the first quarter of this year, exceeding initial estimates, as higher oil prices and successful Covid-19 mitigation measures set it up for fastest annual growth since 2011. The pace of gross domestic product growth in the...
DXB & Auh: Best-performing GCC markets in August

DXB & Auh: Best-performing GCC markets in August

Dubai and Abu Dhabi were the best performing stock markets in the GCC in August with a return of 3.2 per cent and 2.2 per cent respectively as the region’s aggregate index showed flattish performance with a marginal gain of 0.3 per cent, according to a report by Kamco...