Press Dossier   By Date  06/04/2021
Sheikh Mohammed launches Dh30 billion initiative to boost economy
The Ruler of Dubai on Monday announced a new strategic programme to boost vital sectors in the country.
EDB to launch Dh1 billion investment fund for SMEs, start-ups
Emirates Development Bank (EDB) will launch a Dh1 billion investment fund for start-ups and SMEs in 2022 and targeting industrial companies in priority sectors that need financing and investment.
Dubai, UAE have achieved top global rankings in cyber security
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, said the astute guidance of the nation’s leadership has enabled Dubai and the UAE to achieve top rankings in global security and safety, including in the vital area of cyber security.
ADIB’s shareholders approve cash dividend of 46.6% of net profits for 2020
Shareholders of Abu Dhabi Islamic Bank (ADIB) have approved the distribution of a cash dividend of Dh20.58 fils per share, representing 46.6 per cent of net profits for the fiscal year ending December 31, 2020, as well as the Board of Directors Report, the Auditors Report and Financial Statements for the year.
$266m Jadwa Investment fund aims to build 1,500 homes in Riyadh
Riyadh-based investment management and advisory firm Jadwa Investment has launched a SR1 billion ($266 million) Shariah-compliant real estate fund to develop more than 1,500 homes in the Saudi capital.
Saudi Shoura Council calls to ensure efficient government spending on all projects
The Saudi Shoura Council on Monday called on the Authority of Spending Efficiency and Government Projects to liaise with the National Center for Performance Measurement (Adaa) to study the inclusion of spending efficiency index to the government’s entities performance indicators.
Saudi Arabia’s King Salman issues order to promote, appoint 258 judges
Saudi Arabia’s King Salman has issued an order to promote and appoint 258 judges at the Ministry of Justice in various ranks of the judiciary, the Saudi Press Agency reported on Monday.
Central Bank sees positive growth in 2021
Central Bank of Kuwait Governor Dr Mohammad Al-Hashel expects the country to witness “positive growth” during 2021, but conceded it will “take time” to return to pre-pandemic levels.
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