UAE Review
August 2018

The UAE economy is set to fast track growth this year and in 2019 after a difficult 2017 when growth slowed to a seven-year low of 1.5 per cent. According to the The Institute of Chartered Accountants in England and Wales (ICAEW), the UAE’s gross domestic product (GDP) is expected to accelerate to 2.6 per cent growth in 2018 and to around 3.






August 2018

China and the UAE signed a raft of financial, business and trade agreements during a visit by President Xi Jinping to the UAE, underscoring Beijing’s rapidly growing interest in the Middle East.






August 2018

China’s Silk Road Fund will acquire a 24.01 per cent equity interest in the 700-MW Dewa concentrated solar power (CSP) project in the UAE, Acwa Power, a leading developer and operator of power generation plants and an investor in the project, said.






August 2018

The UAE’s Securities and Commodities Authority (SCA) is working with the Ministry of Economy and the Organisation for Economic Co-operation and Development (OECD) to launch a new international initiative to create a platform for funding small and medium-sized enterprises (SMEs), said a report.






August 2018

The Ajman Media City Free Zone (AMCFZ), the newest free zone in the UAE, has announced a range of cost-effective packages for potential business owners.






August 2018

Al Basel Group, one of the leading groups of companies in the UAE that offers a range of specialised services for high-profile clients, has revealed plans to launch a new jewellery business in Saudi Arabia in line with its expansion plans in the region.






August 2018

UAE-based Gulftainer’s plan to manage the Port of Willmington in the US State of Delaware moved a step ahead with the US Federal Government completing the review and clearing the deal, last month.






August 2018

In a move aimed at boosting the UAE’s position as an aluminium exporter, DP World, the Dubai-based ports operator, signed a deal with Emirates Global Aluminium (EGA), an aluminium conglomerate and a leading industrial company in the UAE outside oil and gas.






August 2018

The recently released IMD World Digital Competitiveness 2018 report shows that the UAE’s continuing efforts to embrace digital technologies have not gone unnoticed this year.






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