United Arab Emirates
Amid ramp up and execution of its growth strategy
Financial surplus totaled AED 125.5 bn
To refinance existing debts, general corporate purposes
Emirates NBD increased its Q3 net profit by 51% YoY
Driven by strong stock performance
Resilient performance supported by strong capital adequacy
TECOM Group saw a 70% increase in its Q3 profits
Company's total global VLCC deal value hits AED 900 mn in 4 months
Social contributions also rose to AED 13.5 bn
And an oversubscription by 5.0x
Fund will be used to acquire sizeable positions in mid-market firms
Company became one of the world's largest district cooling service provider
Hamburg is hoping to become a hydrogen hub
Country issued 30 "Agri-Tech" licenses since 2019
Driven by new listings, increased investors, and trading uptick
Investments climbed by AED 16.6 bn in first 8 months
UAE employees are protected under the unemployment insurance scheme
In contrast to the relatively low global average of only 5.5 out of 10
More than 50% of Dubai’s total traded volume
Average residential prices in Q3 grew by 9% year-on-year in Dubai
Global ransom demand averaged $2.2 mn in 2021
