The size of the sovereign wealth fund of Abu Dhabi which Saudi Arabia plans to overtake by setting up the world's largest SWF, gained through export receipts or from sales of commodities such as oil. Found in oil-rich Middle East countries as well as Russia, Singapore, and China, among others, SWFs are seen to reach Dh29 trillion ($7.9 trillion) over the next three years from Dh7 trillion ($1.9 trillion), according to Merrill Lynch.
Dh1.74 billion ($474.2 million)
The total remittances of Filipinos from the UAE from January to October which jumped 41.54 per cent from Dh1.23 billion ($335 million) a year ago. These inflows helped bring to over Dh7 billion ($1.91 billion) the money sent through banks by overseas Filipino workers from the UAE, Saudi Arabia and Kuwait during the 10-month period.
Dh27.5 billion ($7.5 billion)
Is the amount of foreign direct investment (FDI) in the UAE by 2010, or roughly half the levels of 2005 and 2006. The falling rate indicates economic maturity.
5 million barrels per day
The UAE announced on April 9 that it would increase oil production to over five million barrels per day within the next seven years.
Dh104.32 billion ($28.4 billion)
Dubai's Department of Tourism and Commerce Marketing said that business travel in the Middle East would reach $28.4 billion by 2016. It added that 80 per cent of travel activities in the Gulf region was business related.
Dh73.5 billion ($20 billion)
Abu Dhabi's International Petroleum Investment Company said in July it planned to double its investment portfolio to $20 billion over the next five years. IPIC controls 90 per cent of oil reserves in the UAE, the world's sixth largest oil exporter.
Dh2 trillion ($542 billion)
In mid-July it was revealed that the Gulf Cooperation Council bloc invested in the US over 55 per cent of its current account surpluses of $542 billion that had been accumulated from 2002 to 2006. Europe attracted 18 per cent or $100 billion of the total amount, said the Institute of International Finance, the world's only global association of financial institutions.
Dh220.4 billion ($60 billion)
Abu Dhabi National Energy Company (TAQA) announced in early October plans to invest $60 billion by 2012 in the energy sector in Canada, Europe and the MENA (Middle East and North Africa) region.
5 per cent, 4.8 per cent
UAE's central bank reduced its rates in early April to ease pressure on currency peg. It cut one-month rate to five per cent and one-week certificate of deposit rates by five basis points to 4.8 per cent. Kuwait also cut its three-month rate by 37.5 basis points to 5.25 per cent following a reduction in its purchase rate by 12.5 basis points.
3.12 per cent stake
Dubai International Capital announced in early July that its Dh7.35 billion ($2 billion) global strategic equities fund had acquired 3.12 per cent stake in European Aerospace Defence and Space Company, the Airbus manufacturer.
84.82 per cent
Dubai Drydocks World, the global maritime arm of Dubai World, announced its first overseas acquisition involving an 84.82-per cent stake in Singapore's Pan-United Marine shipyard on July 10. It offered Dh1.6 billion ($428.88 million) for a 100-per cent stake in P-UM.
13 years
The number of years before US aircraft manufacturer Boeing launched its first new passenger jet, the 787 Dreamliner, in July.
512.1 metres
Towering 512.1 metres, or 1,680 feet, Burj Dubai became the world's tallest building as of July 21st, and was still growing from 141 storeys until its completion in 2008. Source
Dh1.74 billion ($474.2 million)
The total remittances of Filipinos from the UAE from January to October which jumped 41.54 per cent from Dh1.23 billion ($335 million) a year ago. These inflows helped bring to over Dh7 billion ($1.91 billion) the money sent through banks by overseas Filipino workers from the UAE, Saudi Arabia and Kuwait during the 10-month period.
Dh27.5 billion ($7.5 billion)
Is the amount of foreign direct investment (FDI) in the UAE by 2010, or roughly half the levels of 2005 and 2006. The falling rate indicates economic maturity.
5 million barrels per day
The UAE announced on April 9 that it would increase oil production to over five million barrels per day within the next seven years.
Dh104.32 billion ($28.4 billion)
Dubai's Department of Tourism and Commerce Marketing said that business travel in the Middle East would reach $28.4 billion by 2016. It added that 80 per cent of travel activities in the Gulf region was business related.
Dh73.5 billion ($20 billion)
Abu Dhabi's International Petroleum Investment Company said in July it planned to double its investment portfolio to $20 billion over the next five years. IPIC controls 90 per cent of oil reserves in the UAE, the world's sixth largest oil exporter.
Dh2 trillion ($542 billion)
In mid-July it was revealed that the Gulf Cooperation Council bloc invested in the US over 55 per cent of its current account surpluses of $542 billion that had been accumulated from 2002 to 2006. Europe attracted 18 per cent or $100 billion of the total amount, said the Institute of International Finance, the world's only global association of financial institutions.
Dh220.4 billion ($60 billion)
Abu Dhabi National Energy Company (TAQA) announced in early October plans to invest $60 billion by 2012 in the energy sector in Canada, Europe and the MENA (Middle East and North Africa) region.
5 per cent, 4.8 per cent
UAE's central bank reduced its rates in early April to ease pressure on currency peg. It cut one-month rate to five per cent and one-week certificate of deposit rates by five basis points to 4.8 per cent. Kuwait also cut its three-month rate by 37.5 basis points to 5.25 per cent following a reduction in its purchase rate by 12.5 basis points.
3.12 per cent stake
Dubai International Capital announced in early July that its Dh7.35 billion ($2 billion) global strategic equities fund had acquired 3.12 per cent stake in European Aerospace Defence and Space Company, the Airbus manufacturer.
84.82 per cent
Dubai Drydocks World, the global maritime arm of Dubai World, announced its first overseas acquisition involving an 84.82-per cent stake in Singapore's Pan-United Marine shipyard on July 10. It offered Dh1.6 billion ($428.88 million) for a 100-per cent stake in P-UM.
13 years
The number of years before US aircraft manufacturer Boeing launched its first new passenger jet, the 787 Dreamliner, in July.
512.1 metres
Towering 512.1 metres, or 1,680 feet, Burj Dubai became the world's tallest building as of July 21st, and was still growing from 141 storeys until its completion in 2008. Source
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