Browsing: UAE

Mideast Stocks: UAE bourses track global equities lower

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Stock markets in United Arab Emirates declined on Friday, in line with global equities after a bigger-than-expected hike in U.S. inflation dashed hopes of early rate cut. MSCI’S global equity index was down 0.2%, while Hong Kong’s Hang Seng Index slid 1.4%. The mood turned cautious after a bigger-than-expected rise in producer prices in U.S. data on Thursday added to a hot consumer inflation reading earlier in the week.

ASEAN Committee holds first meeting in Abu Dhabi

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During the meeting, a number of joint projects and initiatives within the Sectoral Dialogue Partnership between the UAE and ASEAN were discussed, including the development of proposed projects to serve as an action-driven cooperation agenda in coordination with the ASEAN Secretariat

New ‘Unified Digital Platform’ to streamline business set-up in Dubai

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In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued Decree No. (13) of 2024 on the Unified Digital Platform for establishing companies in Dubai. The Decree forms part of Dubai’s efforts to enhance its business environment and advance economic growth.