ABU DHABI // The UAE has become the Arab world’s biggest contributor to the International Monetary Fund after increasing its US$611 million (Dh2.2 billion) stake. Cabinet members agreed yesterday to raise the country’s share in the capital of the Washington-based fund. Under existing arrangements, it contributes $611.7m in special drawing […]
ABU DHABI — The Central Bank of UAE on Monday asked all financial institutions in the country to immediately report any suspicious money transactions or cases they come across to its Anti-money Laundering and Suspicious Cases Unit (AMLSCU). After inaugurating a workshop for insurance companies and brokers on Monday, ALMSCU […]
DUBAI – The nominal gross domestic product, or GDP, of the UAE is estimated to have reached Dh928 billion, up 1.5 per cent in 2010, while the real GDP grew 0.6 per cent to Dh517.6 billion in the same year, Global Research reveals in its latest Economic Review. Refuelling the […]
ABU DHABI: The UAE non-oil foreign trade maintained a sturdy growth of 11.5 per cent Y-o-Y till last October, Federal Customs Authority (FCA) said in its report. FCA preliminary statistical data confirmed that the value of UAE non-oil foreign trade in the first ten months of 2010 jumped Dhs62 billion […]
The UAE will highlight its defence capabilities to the world with 151 companies from across the Emirates taking up indoor and outdoor exhibition space at the 10th International Defence Exhibition and Conference (IDEX 2011), marking a 48 percent increase in the number of UAE participants compared to 102 UAE companies […]