UAE economy grow in 2024
March 2024The UAE's economy is projected to grow by 5 percent in 2024, a leading member of the government has reiterated.
UAE new investors
June 2023Dubai Financial Market adds 26,953 new investor accounts in first half of 2023.
Brokerage companies at the Dubai Financial Market added 26,953 new investor accounts in the first half of 2023
UAE Israel Free Trade Agreement
April 2022The UAE and Israel signed on April 1, 2022 a historical free trade zone agreement, following five months of negotiations.
In 2021 the trade between the two countries reached about 900 million dollars.
The new agreement includes about 95% of the trade of goods and services between the countries which will now be exempt from duty taxes right away or in the near future.
UAE business News
June 2018Currently foreign investors are not allowed to have ownership exceeding 49% in UAE companies.
The UAE announced on May 20 that till the end of 2018 the 49% ownership limitation will be eased.
No further details were supplied.
UAE to Establish a Mortgage Entity
December 2011The UAE ministry of finance is having a joint committee with the central bank of UAE studying the aspects of setting up a new registration entity.
The study follows a need by small and medium size enterprises having difficulties in getting loans from banks and other credit funds in spite of their capital assets which may be used as a guarantee.
The establishment of a new entity keeping records on firms capital assets and mortgages is expected to help firms use their assets as guarantees for getting new funding with better interest rates.
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