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Nada El Sawy

Nada El Sawy

Location

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The recent update to the Dubai SME guarantee scheme also allows businesses eligible for financing to get a three-months payment holiday. Bloomberg Dubai's economy is projected to expand 3.2 per cent in 2020 on the back of a series of economic stimulus measures that have boosted tourism, financial services and real estate, among other sectors. Bloomberg
Three quarters of Dubai consumers confident about job prospects in 2020

Quarterly survey also found the majority of residents are optimistic about their personal finances

EconomyJanuary 28, 2020
There are also plans to expand the Talimarjan Power Complex, which currently comprises 1.7 gigawatts of gas-fired conventional power. Courtesy Mubadala Investment Company
Mubadala signs agreement for Talimarjan Power Complex in Uzbekistan

The pact sets a road map for Abu Dhabi’s sovereign investor to acquire, develop and operate the complex

EnergyJanuary 25, 2020
There are more than 1,300 confirmed cases of the Wuhan coronavirus and 41 people have died. Photo: EPA
Coronavirus ‘unlikely to cause lasting damage to global economy’

Bank of Singapore forecasts impact to China’s annual GDP growth to be up to 0.5% — half the 1% hit it took from SARS in 2003

EconomyJanuary 25, 2020
The largest contributor to the overall decrease in the CPI was the housing, water, electricity, gas and fuel group. Prices also decreased in the transport, clothing and footwear, and food and beverages sectors. Victor Besa / The National
Inflation in Abu Dhabi turns negative in 2019

Consumer prices fell 0.8 per cent last year, the first year of deflation since figures were made available in 2005

EconomyJanuary 23, 2020
The holiday home sector in Dubai has witnessed on average 42 per cent yearly growth over the past five years, according to Dubai Tourism.Chris Whiteoak / The National
Dubai Tourism issues regulations on holiday home rentals

New administrative order provides guidelines for operators, homeowners, developers and tenants

PropertyJanuary 23, 2020
Patrick Odier, senior managing partner of Lombard Odier, says the Middle East is a 'prioritised market' for the bank, with two of its 25 global offices in the UAE. Victor Besa / The National
How Switzerland’s oldest private bank is evolving for its growing Middle East client base

Lombard Odier aims to keep up with the times by integrating technology, sustainable investing and Islamic finance

MoneyJanuary 22, 2020
Employers must enrol in the new DIFC Employee Workplace Savings Plan (Dews) by February 1 or a “qualifying alternative scheme” by March 31. Photo courtesy DIFC
DIFC confirms date for new gratuity replacement plan

The financial free zone is pushing ahead with the scheme after Sheikh Mohammed ratified amendments to the law

MoneyJanuary 21, 2020
Will the tablet replace the laptop? Getty Images
The UAE’s top 10 in-demand job roles for 2020

With economic growth in the Emirates 'set to accelerate' this year, candidates with specialist and digital skills will have the upper hand

MoneyJanuary 20, 2020
Travelex will be split into two separate companies as part of a restructuring that will see its debt holders take control of the company. AP
UAE's Finablr sees no financial hit from Travelex cyberattack

Money exchange services of Travelex are offline since hackers launched ransomware on New Year’s Eve

MoneyJanuary 20, 2020
Dubai ranked 17th overall out of 28 cities globally in the cost of luxury goods and services, and 23rd in residential property. Photo: AFP
Dubai offers ‘exceptionally good value’ for luxury properties

The emirate ranked 23rd among the world’s 28 most expensive cities to buy a high-end property in new report

MoneyJanuary 16, 2020
The new Dews (DIFC Employee Workplace Savings) plan goes into effect February 1, while employers have the option to enroll in an alternative qualifying scheme by March 31. Sarah Dea / The National
Sheikh Mohammed enacts amendments to DIFC Employment Law

The update provides details of the financial hub’s new workplace savings plan to replace gratuity and delays start of the scheme to February 1

MoneyJanuary 14, 2020
The amount of commercial office space in Dubai is likely to grow by 5 per cent to 9.18 million square metres by next year, according to KPMG. The National
Dubai International Financial Centre introduces new leasing law

The new regulations outline protections and requirements for property owners and tenants in the financial hub of the emirate

PropertyJanuary 14, 2020
Tim Draper, who founded Draper Associates in 1985, recently invested in Dubai-based Global Ventures. Antonie Robertson / The National
Famed investor Tim Draper says the Middle East has the potential to create ‘rhinos’

In his 35 years in venture capital, the billionaire has been successful in the search for ‘fat unicorns’, with investments in Baidu, Skype and Tesla

MoneyJanuary 14, 2020
The Middle East is the fifth-biggest region globally for the number of very high net-worth individuals, with a 2.8 per cent global share, says Wealth-X. Alamy Stock Photo
Half of Middle East clients switched wealth managers in last three years, EY says

Ernst & Young finds a quarter of customers in the region get financial advice through apps, as digital options play a growing role

MoneyJanuary 13, 2020
Invygo co-founders Eslam Hussein and Pulkit Ganjoo started Invygo in 2018 and joined the Misk500 accelerator programme in 2019. Chris Whiteoak / The National
Generation Start-up: Invygo offers drivers a car without the commitment

The first app-based car subscription company in the Mena region is an alternative to buying or leasing

TechnologyJanuary 12, 2020
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