Press Dossier   By Date  12/01/2021
Vaccine to give Dubai growth a major fillip
Dubai Economy expects a 4.0 per cent growth in consumption and demand levels in the emirate in 2021 following the rollout of the free and extensive Covid-19 vaccination campaign.
UAE stocks gain Dh5.4 billion in market cap
Driven by banking and realty blue chips, the UAE stock markets continued their upward streak Sunday, with Abu Dhabi's main index touching 5,176 points, up 0.24 per cent over the Thursday session, and Dubai Financial Market following suit and rising 1.85 per cent to 2,674 points, with the listed companies gaining Dh5.4 billion in market cap.
Saudi Central Bank studies requests for consumer microfinance licenses
The central bank is studying three new requests for consumer microfinance licenses, said Bader Al-Otaibi, director-general of supervision of finance companies at the Saudi Central Bank (SAMA).
Saudi Arabia licensed 903 new factories worth $6.27bn in 2020
Saudi Arabia licensed 903 new factories worth SR23.5 billion ($6.27 billion) in 2020, recent data issued by Ministry of Industry and Mineral Resources showed.
Saudi SAMA issues regulations for debt crowdfunding activities
The Saudi Central Bank (SAMA) issued regulations of the debt crowdfunding activities, which aim to regulate the licensing provisions for the companies in this field, in line with the Finance Companies Control Law.
Oman to get its first crown prince in constitutional overhaul
Oman's sultan announced on Monday a constitutional shakeup that includes the appointment of a crown prince for the first time and new rules on how parliament will work, state media said.
Saudi Arabia’s revolutionary zero carbon city ‘The Line’ hailed as dawn of tech-based future
Saudi officials and citizens have welcomed the Kingdom’s revolutionary zero carbon city, announced on Sunday by Crown Prince Mohammed bin Salman.
Abu Dhabi toll: Up to Dh400 fine for unregistered vehicles
Abu Dhabi’s Darb toll gate system was activated on January 2, 2021. Vehicle owners have to register via www.darb.itc.gov.ae or the Darb app and maintain sufficient balance in their accounts to avoid fines.
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