United Arab Emirates

UAE’s Tabreed is latest listed firm to allow 100% foreign ownership

Company amended Articles of Association to remove ownership cap

Moody’s forecasts UAE real GDP growth of 6%-7% in 2022

Credit quality of rated UAE real estate companies to remain stable

Dubai’s Salik IPO kicks off, aims to raise $800 mn

After the offering, Dubai government will retain 80% of the company

UAE’s fourth auction of 5-year T-bonds achieves AED 1.5 bn

As part of the AED 9 bn T-Bonds issuance program for 2022

Dubai gears up to house first gigantic $5 bn moon-shaped resort

Project expected to attract 2.5 million visitors per year

Abu Dhabi issues 136 new industrial licenses in H1

Total number of active in-production licenses was 866 in June

UAE first globally in 156 development, economic indicators

Cabinet approved licensing of first electric clean energy cargo aircraft in region

ADNOC, Dubai Supply Authority sign natural gas deal

To supply fuel required to generate electricity at the Hassyan power complex

UAE: AED 33.5 bn in financing for trade, industry

Cumulative credit balance amounted to AED 718.1 bn in June

ADCB raises $500 mn with debut green bonds

Transaction attracted $1.9 bn in orders from regional, international investors

Dubai is again building the world’s tallest hotel

Set to surpass the current holder of this record, Hotel Gevora

Raising ownership of UAE company shares to 100%: Rewards and risks

Stocks of such companies will be more visible to potential investors

UAE stocks record AED 10 bn of gains

Gains were notable in the realty, banking, and telecom sectors

“Dubai Can” initiative cuts single-use plastic bottle usage by 3.5 mn

Initiative has seen 46 fountains installed across the emirate since launch

New visa rules in the UAE on October 3

Opening up access to the Golden Visa, job exploration visa, and long-term visa options

Salik’s IPO starts September 13th, to sell 20% shares

The Dubai government will retain 80% following IPO

UAE non-oil private sector grows at fastest pace in 38 months

Future sentiment drops to its lowest level in 17 months

3% annual growth in CBUAE gold balance by end June

Investments of banks  in UAE rise by 4.3% on annual basis

Fuel prices in the UAE fall again in September

The new pricing includes 5% value added tax

ADNOC awards AED6.72bn of agreements for drilling-related services

Announced contracts are largest of their kind in oil and gas