Browsing: Economy

The Ministry of Economy recently outlined a new pricing policy aimed at regulating the prices of essential consumer goods in the UAE. The policy consists of three ministerial decrees designed to ensure market stability, enhance consumer protection, and manage stakeholder relations. It will come into effect on 2nd January 2025.

The UAE’s Islamic finance sector benefits from a dynamic economy and advanced regulations supporting Sharia-compliant activities. Since the establishment of the first Islamic bank in 1975, the sector has significantly grown, now representing a vital part of the national economy. It includes Islamic banks, Islamic windows in conventional banks, and sukuk (Islamic bonds), all of which have expanded both domestically and internationally.