Press Dossier   By Date  05/04/2021
UAE, India and Israel business potential pegged to hit $110B by 2030
Strategic partnerships between the UAE, India and Israel are poised to reach $110 billion by 2030, backed by innovation and visionary leadership, according to top diplomats and members of the business community.
Central Bank of UAE issues regulations on the conduct of SMEs
The Central Bank of UAE (CBUAE) on Sunday issued a regulation for small to medium-sized enterprises (SMEs) to promote best practices among licenced financial institutions (LFIs) when engaging with SMEs.
Abu Dhabi-listed EDC 2020 profits increase 20.4%
Emirates Driving Company (EDC), a publicly-listed company on the Abu Dhabi Securities Exchange (ADX), announced a 20.39 per cent increase in its net profits to reach Dh126.76 million in 2020, compared to Dh105.29 million recorded in 2019 despite the Covid-19 pandemic that affected businesses and economies across the world.
Saudi Arabia, Pakistan to sign climate deal
Pakistan and Saudi Arabia are set to sign an agreement in mid-April to collaborate in environmental initiatives, a senior Pakistani government official has confirmed.
Saudi Arabia has come a long way in diversifying economy, World Bank says
Saudi Arabia has come a long way in diversifying its economy and forging partnership with the private sector, Ferid BelHajj, World Bank group vice president for Middle East and North Africa, told Al Arabiya.
Saudi Arabia to invest $66 billion in healthcare infrastructure by 2030
Saudi Arabia plans to invest SR250 billion ($66.67 billion) in healthcare infrastructure and boost private sector participation from the current 40 percent to 65 percent by 2030, according to a new Gulf Cooperation Council (GCC) report published on Sunday.
Oman budget revenues down after 35% decline in net oil income
Oman’s general budget revenues fell in the first two months of 2021 as net oil income dropped 35 percent, Asharq Business reported, citing Ministry of Finance data.
Call for probe into lawmakers’ ‘illegal’ income
Opposition lawmaker Saleh Al-Mutairi yesterday submitted a proposal calling to form a parliamentary committee to investigate allegedly illegal income and benefits of members of the National Assembly, suspected to be the price for taking certain political stances.
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