AUH: Unveil blockchain and virtual assets strategy

AUH: Unveil blockchain and virtual assets strategy

Abu Dhabi announced on Thursday its plans to unveil a strategy for blockchain and virtual assets that will align with the emirate’s overall economic strategy. The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC), which is set up to improve the...
Emaar: 100% Foreign ownership allowed

Emaar: 100% Foreign ownership allowed

Dubai: Emaar has called a shareholder meet September 21, to get their sign-off on increasing the developer’s capital by issuing 659.05 million shares at Dh1 each. This will see the developer’s new capital at Dh8.83 billion. There will also be a ‘special resolution’...
UBS: UAE economy to grow over 5% in 2022

UBS: UAE economy to grow over 5% in 2022

Michael Bolliger, chief investment officer Emerging Markets at UBS Global Wealth Management, has stated that he expects the UAE’s economy to grow by over five per cent in 2022. In an interview with the Emirates News Agency (Wam), Bollinger said that the UAE’s economy...
UAE’s exports to India surge 65% under CEPA

UAE’s exports to India surge 65% under CEPA

Indian too made significant gains during the first 2-month period, with its exports to the UAE rising by over 16 percent to $5.27 billion, according to latest trade data. The UAE-India comprehensive economic partnership agreement (CEPA) is paying rich dividends, with...