SME News Sheikh Mohammed unveils UAE Permanent Residence scheme… His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the 'Golden Card' scheme to grant permanent residency benefits...
SME News Saudi Arabia approves Landmark Residency Programme… UAE’s PMI increased at the fastest pace since December 2017, to post 57.6 in April.
SME News UAE implements plan to offer five-year visas to entrepreneurs… The Federal Authority for Identity and Citizenship has announced the implementation of the UAE Cabinet’s decision to issue five-year residency visas for entrepreneurs
SME News Fintech startups in the Middle East region are expected to expand … UAE GDP growth touched 1.7% in 2018, much slower than the previously predicted 2.5-3% growth.
SME News Dubai launches a second package of economic growth initiatives to support SMEs … UAE’s PMI dipped to a 28-month low of 53.4 in February
SME News Saudi Arabia announced the issuance of "On Arrival Tourist Visas" … Total credit disbursed to micro, small and medium enterprises in the UAE amounted to AED 88.7bn by end-Q1 this year. This accounts for 11% of loans to the corporate sector and 5.8% of total bank credit during the period.
SME News Talks between Washington and Beijing continue, Markets anxious… Equity markets edged higher across the globe including the Asia-Pacific (driven by China)
SME News Dubai’s Mall of the Emirates has introduced WeChat Pay… The US-China trade negotiations drag on with no concrete results
SME News US Dollar rises, reporting strongest week in 6 months… The Brexit saga continues with S&P warning about downgrades for some British companies in a no-deal Brexit – and possibly even lowering the UK’s credit rating.
SME News The First Abu Dhabi Bank has proposed raising its foreign ownership limit… US-China trade negotiations dragged on, with no clear-cut outcomes though officials said progress had been made
SME News The US shutdown temporarily ended after 35 days. The shutdown cost at least USD 6bn to the economy… Most global equity markets closed slightly higher on strong earnings reports
SME News Expansion plan for the Dubai International Financial Centre announced… The recent partial recovery in the FTSE All-World index and the S&P 500 led to a broadly upbeat mood across markets
SME News Sheikh Mohammed unveils the eight principles of Dubai… Whether in the public or private sector, it is our collective responsibility to ensure these guidelines are never compromised.
SME News Our 60-Second Financial Markets summary… The Dow Jones, S&P 500 and NASDAQ indices all dropped for the first time since March 2016
SME News US Markets slump as 2018 brings the 4 largest single-day losses in Dow Jones history… At the start of last week, the US-China trade truce reached in Buenos Aires sparked optimism throughout global equities
SME News Qatar to Leave OPEC… The return to Wall Street’s trading floors after the Thanksgiving long weekend was quite auspicious
SME News UAE Cabinet approved long-term visas for… Another difficult week (albeit shortened in the US due to Thanksgiving) for global equities.
SME News Tourists in the UAE will be able to reclaim VAT starting November 18… Wall Street until mid week suffered a 5 day losing streak, then on Thursday it staged a rebound led by tech and energy shares
SME News The US midterm elections delivered a split Parliament… The US midterm elections delivered a split Parliament with a Democratic regaining a majority in the House of Congress and Republicans boosting their majority in the Senate.
SME News US Equity markets in negative territory YTD after October mauling… Global stock markets took another dive last week.
SME News DMCC named world's top free zone for 4th year running… Last week global equity markets were hit by a selloff which was particularly intense in the tech sector.
SME News New law in UAE grants 5-year residency for retired expats… Last week equity markets shrugged off the concerns about the trade wars, which has come to be perceived as a sort of soap opera.
SME News Abu Dhabi issues new rules to lower business costs… Overall, the US economy is in good shape and remains in a late-cycle expansion, while in Europe the weakness of the first half of the year is deepening.
SME News US Markets Touch Record Highs Trade policy and uncertainty over the fragility of large emerging markets continued to keep uncertainty elevated on global equity markets at the beginning of the week
