Sunday, September 27, 2020

Trade between Dubai, Saudi Arabia records $136.23bln in 10 years

UAE -   The total value of the non-oil trade between Dubai and Saudi Arabia amounted to AED 500 billion during the last ten...

UAE banks’ funds to SMEs decline to AED 92.5bn in Q2-20

UAE – Mubasher: The UAE banks have decreased their funds provided to small and medium-sized enterprises (SMEs) to AED 92.5 billion during the second quarter (Q2) of 2020, compared to AED 93.4 billion in the first quarter (Q1) of 2020.

The government entities have received the largest share of the banks’ funding, with AED 23.3 billion in Q2-20, as shown by the latest statistics by the CBUAE.

It is noteworthy to mention that in June 2020, the loans granted by the UAE banks grew by 6% to AED 1.79 trillion, compared to around AED 1.69 trillion during the same month of 2019.

Latest Posts

Abu Dhabi: Students undergo free COVID-19 testing for new academic year

Image credit: AFP- Advertisement - Hundreds of high school students in Abu Dhabi who opted to attend in-person classes were required to undergo COVID-19...

Microsoft is now rolling out LinkedIn stories for users in the U.S. and Canada

In an effort to make it easier for the users to share what’s happening in their professional life, Microsoft is now rolling out the...

Did You Know Emirates Offers A Student Discount?

Emirates has launched a campaign to make it a little cheaper for students to travel with the company. Whether students are going to the country...

Koko Bay – Bringing Bali to Dubai

Bali is world renowned for its beach culture, chill vibes and excellent food. If you’ve never been, fear not, because a piece of Bali...

Don't Miss

Brand-new BMW 4 Series arrives in Dubai

AGMC, the official distributor of BMW Group brands in Dubai, Sharjah and the Northen Emirates has announced the arrival of the brand-new BMW 4...

neutrality.one selects datamena for EMEA & Asia PoP

Cloud networking company neutrality.one is pushing further into the Asia, Middle East, and Africa regions with a new point of presence (PoP) in datamena’s...

UAE: Emarat Celebrates 40th Year With ‘Expect the Expected’ Campaign

One of the UAE’s leading energy companies, Emarat, has launched a brand refresh campaign conceived to promote, enhance and further emphasize its commitment...

DIDI Launches iForDesign Competition with Dubai Design District, in5 Support

iForDesign seeks ideas for sustainable, heritage-inspired or futuristic chairs New competition highlights UAE talent, creativity and innovationWinning...

Empower provides district cooling services to ‘Ain Dubai’

Emirates Central Cooling Systems Corporation (Empower), a leading district cooling services provider, has announced that it has connected the world’s tallest observation wheel, ‘Ain...

Stay in touch

To be updated with all the latest news, offers and special announcements.

%d bloggers like this: