ABU DHABI, The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has launched a new tourism business licencing initiative to support and accelerate the growth of the emirate’s tourism industry.Effective January, a revised fee structure is b…
DUBAI, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has announced that it achieved its best year on record, attracting 2,485 companies to Dubai in 2021. The year also saw DMCC achieve its best J…
ABU DHABI, Abu Dhabi Fund for Development (ADFD) has announced a US$104.8 million (AED 385 million) agreement with Minor International Public Company Limited (MINT) to jointly hold shares in five tourist resort assets in Thailand, including Anantara Ri…
DUBAI, The Dubai Free Zones Council (DFZ Council) held its 19th meeting, headed by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council, to discuss the Council’s action plan to support Dubai’s dynamic economy as it promising…
DUBAI, The Dubai Gold and Commodities Exchange (DGCX) today reported its full-year market statistics. During 2021, the exchange recorded a yearly AOI a sum of 1,985,584 contracts and traded 7,076,350 contracts during the year – with the total value of …
ABU DHABI, The Central Bank announced that the Money Supply aggregate M1 increased by 2.1%, from AED 671.6 billion at the end of October 2021 to AED 686.0 billion at the end of November 2021.The Money Supply aggregate M2 increased by 1.3%, from AED 1,4…
VIENNA, The price of OPEC basket of thirteen crudes stood at $80.80 a barrel on Thursday, compared with $80.07 the previous day, according to OPEC Secretariat calculations.The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan B…
DUBAI, The value of real estate transactions in Dubai on the first working Friday following the adoption of the new weekly work system in the country exceeded AED2.53 billion, with 227 real estate transactions. The total value of real estate transactio…