Lunate Capital, an Abu Dhabi-based management company, today launched the Chimera J.P. Morgan Global Sukuk ETF, an exchange-traded fund (ETF or the Fund) scheduled to list on the Abu Dhabi Securities Exchange (ADX) on 8th July.
Category: Economy
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flydubai launches flights to two destinations in Pakistan
flydubai on Monday announced the launch of flights to Islamabad and Lahore in Pakistan starting from 1st July 2024.
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UAE enjoys growing and developing economic relations with Czech Republic: Minister of Economy
Etihad Credit Insurance (ECI), the UAE Federal export credit company, inked a strategic partnership agreement with the Export Guarantee and Insurance Corporation (EGAP) to create a framework for bilateral reinsurance obligations and provide insurance facilities to companies within the UAE and the Czech Republic, contributing to the promotion of bilateral trade between the two countries during the next phase.
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China Development Bank extends US $28 billion in support of green projects
The China Development Bank has strengthened financial support for the green and low-carbon industries.
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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.