The China Development Bank has strengthened financial support for the green and low-carbon industries.
Category: Economy
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FTA urges Resident Juridical Persons with licences issued in March, April to register for Corporate Tax no later than 30th June
The Federal Tax Authority (FTA) is reminding Resident Juridical Persons that are subject to Corporate Tax with Licences issued in March and April, irrespective of the year of issuance, to promptly submit their Tax Registration application for Corporate Tax no later than 30th June 2024, in order to avoid Administrative Penalties.
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IMF, WBG announce Madagascar as first country to benefit from Enhanced Cooperation Framework for Climate Action
The World Bank Group (WBG) and International Monetary Fund (IMF) have announced that the Enhanced Cooperation Framework for Climate Action is now operational
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Peru’s central bank bumps up 2024 economic growth forecast to 3.1%
The Central Reserve Bank of Peru on Friday slightly raised its economic growth forecast for the Andean nation this year to 3.1 percent, compared to 3.0 percent previously, Reuters reported.
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CBUAE’s gold reserves see 12.6% YoY growth by end of March 2024
The value of gold reserves of the Central Bank of the UAE (CBUAE) reached AED19.615 billion by the end of March 2024, marking a year-on-year (YoY) growth of 12.6 percent from AED17.41 billion in March 2023.
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Euro area international trade in goods surplus at €15.0 bn
The first estimates of euro area balance showed a €15.0 bn surplus in trade in goods with the rest of the world in April 2024, compared with a deficit of €11.1 bn in April 2023, according to figures published by Eurostat, the statistical office of the European Union.
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DIFC CEO predicts major economic surge in 2024 with new government IPOs
Arif Amiri, the Chief Executive Officer of the Dubai International Financial Centre (DIFC), has anticipated a major economic boost in 2024, supported by several upcoming government Initial Public Offerings (IPOs) both in the UAE and Saudi Arabia.
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Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024
The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).
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ADGM Academy, Ethara sign MoU to develop next-gen Emirati talent
Abu Dhabi Global Market Academy (ADGMA), the knowledge arm of the international financial centre of Abu Dhabi, announced the signing Memorandum of Understandings (MoUs) with Ethara, the region’s leading live event management company and venue operator.
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DEWA ranked second in region for brand value: Brand Finance report
The Dubai Electricity and Water Authority (DEWA) has achieved impressive rankings across various indicators in the Brand Finance Middle East 150 report for 2024.