DUBAI / WAM Retail sales in the UAE are expected to rebound and grow by 13 percent to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, Covid-19 vaccination efforts and Expo 2020 Dubai, new analysis from Dubai Chamber of Commerce and Industry has projected. The analysis, based ...

ABU DHABI / WAM The central bank of the UAE’s statistics revealed a net increase in the international reserves of the Emirati banking system of AED12.6 billion over three months, from November 2020 to January 2021. With this continued rise, the cumulative balance of the country’s international reserves amounted to over AED519 billion at the end of January 2021, a ...

ABU DHABI / WAM On the directives of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), the ERC enlarged the scope of its Ramadan programmes this year, to counter the health, economic and social repercussions of the coronavirus (Covid-19) pandemic. The ERC’s Ramadan programmes will benefit ...