United Arab Emirates
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
Average price of prime properties increased by 11.29%
