The Department of Economic Development has welcomed the report which promotes discussions between government and stakeholders.
The Department of Economic Development has welcomed the report which promotes discussions between government and stakeholders.
The net book value of the portfolio at year end 2015 grew to approximately Dh14.5 billion.
As oil prices remain below $40 per barrel after plunging almost 70 per cent, and the dollar continues to strengthen, Riyal's peg to the greenback might appear vulnerable to global investors.
"This mini-insolvency law is meant to help customers with time and space as long as they are genuine," he said.
"The GCC could potentially carve out a competitive advantage by pursuing a reform agenda now, when the pace of reform appears to be slow elsewhere," said Dr Marie Owens Thomsen, Chief Economist, Indosuez Wealth Management.
Islamic economy growing at twice the rate of global economy.
Dubai saw a 3.5 per cent decrease in occupancy to 82.5 per cent as well as double-digit drops in ADR (-11.6 per cent to Dh833.78) and RevPAR (-14.7 per cent to Dh687.63).
While the UAE ranks as the 37the most affordable destination for expats, Oman is placed 18th and Bahrain 23rd. Kuwait and Qatar are relatively not so affordable at 45th and 46th positions.
Six-nation bloc may become the sixth largest economy by 2030.
Zaiko later told a Russian FM station that the black box was recording flight parameters until the very moment the Boeing 737-800 hit the ground.