UAE banks maintain ‘very comfortable’ liquidity

Abu Dhabi: Banks in the UAE are maintaining “very comfortable” levels of liquidity with the country’s Central Bank, according to Saif Al Shamsi, the Central Bank’s assistant governor for monetary policy and financial stability.

Speaking to reporters on Monday on the sidelines of the Arab Fiscal Forum, Al Shamsi said he was not worried about the liquidity situation of the country’s banks.

“I’m saying banks’ liquidity with the Central Bank is very comfortable. This is measured by CD [Certificates of Deposit] holdings with the Central Bank … which exceed Dh120 billion,” he said.

UAE banks maintain ‘very comfortable’ liquidity

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Source: Gulf News

Dubai aims to build world’s largest shopping mall before Expo 2020

The Mall of the World will be completed before Dubai hosts the Expo 2020 exhibition, making it the world’s largest mall in the first domed city in the world that will also have the largest indoor theme park in the world, according to Developer Dubai Holdings.

“We are making good progress with the planning and thoughtful approach to the development of Mall of the World,” Dubai Holding COO Morgan Parker said in an email statement to Tech Insider. “It sits at the heart of Dubai and will be critical to the Emirate’s economic growth.”

UAE’s anti-discrimination legislation

Dubai aims to build world’s largest shopping mall before Expo 2020

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Source: Tribune

Reshaping the UAE economy for 2050

If you are looking for an introduction, there is none this time.

Straight on to the facts by answering this question: How should the UAE’s economy look like in 2050?

Fiscal policies

The UAE should focus on reducing unneeded expenses and deviating from oil revenues by increasing revenues from other sources. The below explains how that could be achieved.

Taxes – increasing revenues

Reshaping the UAE economy for 2050

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Source: Gulf News

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