Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Geostrategy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

UAE’s SCA registers 114 foreign investment funds in 2020

By Hilal Mir
June 11, 2021 8:48 am

    • Number of investment funds registered with SCA fell to 46 in 2019

    • These funds originate from UK, Switzerland, India, Pakistan, Saudi Arabia

    ABU DHABI: From only 46 in 2019, the number of foreign investment funds registered by the UAE’s Securities and Commodities Authority (SCA) in 2020 has risen to 114, a growth of 147 percent.

    This growth confirms the UAE’s leading position among foreign investment companies, due to the attractive investment environment of its local market, as well as the facilities and incentives it offers to investors.

    The number of foreign investment funds peaked at 270 in 2017 from a measly two in 2016.  In 2018, the number stood at 164, dropping to only 46 in 2019, before surging again in 2020.

    According to SCA data, the number of registered foreign funds that regularised their status between 2016 and 2020 amounted to 596.

    Foreign investment funds registered in the UAE originate from many countries, including the United Kingdom, Switzerland, India, the Cayman Islands, Saudi Arabia and Pakistan.

    [adinserter block="5"]

    Most Read

    UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

    Getting vaccinated is ‘the most patriotic thing’ to do

    The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

    Saudi Arabia to generate $150 billion in investments from its new transport policy

    The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

    GCC healthcare: Transforming the region and impacting the world

    PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

    New-Age Growth Comes Home to the GCC

    The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

    [adinserter block="4"]