ABU DHABI / WAM Current account balances and deposits of the UAE Central Bank with banks abroad rose 54.7 percent or AED80.8 billion in the first ten months of the year to AED228.7 billion from AED147.8 billion in the same corresponding period last year, according to figures released by the Central Bank. The sustained, robust growth of foreign deposits since …

DUBAI / WAM The Ministry of Economy (MoE) and the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) signed a cooperation agreement to boost the competitiveness of the country’s entrepreneurship sector, as well as train national entrepreneurs and raise their capacities. The signing of the agreement was attended by Sultan bin Saeed Al Mansouri, Minister of …

DUBAI / WAM Dubai Investments has announced a 36 percent increase in sub-leasing contracts in its wholly-owned subsidiary Dubai Investments Park (DIP) in the first nine months of 2017 compared to last year. “Out of these, nearly 68 percent contracts pertained to existing subtenants, reflecting DIP’s growing demand as a premier business destination in the region. The new subtenants during …