Glossary

01

Asset

A resource that possesses an economic value and is expected to offer particular benefits in the future. Assets are either owned by individuals, companies, or governments; and can be created or purchased to boost the company’s value or to benefit its operations.

02

Capital assets (immobilisations)

Tangible assets that are purchased, constructed, developed or otherwise acquired and that are held for use in the production or supply of goods, the delivery of services or to produce programme outputs. They have a useful life extending beyond one fiscal year and are intended to be used continuingly and are not intended for resale in the ordinary course of operations.

03

Business case

Typically, a presentation or proposal to an authority by an organisation seeking funding, approval or both for an activity, initiative or project that identifies and explores options and develops recommendations for the proposed investment.

04

Commodities exchange

Similar to the stock exchange where forces of supply and demand meet and prices are determined accordingly. However, it differs from the stock exchange in that it deals with the assets themselves (i.e., the commodities) such as oil, minerals and other commodities.

05

Economic diversification

The country’s ability to depend on various sources of income. For instance, the UAE’s ability to diversify its exports and investments, without depending on oil source solely.

06

Foreign direct investment

An investment made by a person or a company in a particular country into businesses situated in another country.

07

Foreign trade

Refers to the exchange of goods, services, and capital with other countries.

08

Free trade

The capacity to engage in economic transactions with other countries without any restrictions in exports or imports

09

Global innovation index

It is an index that ranks the performance and innovation level of many countries across the world, which is based on different indicators such as education, infrastructure, innovation and business sophistication

10

ADAA

Abu Dhabi Accountability Authority

11

ADCB

Abu Dhabi Commercial Bank

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AED

Arab Emirates Dirham is the currency of the United Arab Emirates.

13

AECB

Al Etihad Credit Bureau

14

ADX

Abu Dhabi Securities Exchange is a stock exchange in Abu Dhabi, UAE.

15

AIIB

Asian Infrastructure Investment Bank
is a multilateral development bank and international financial institution. which aims to collectively improve economic and social outcomes in Asia. It is the world's second-largest multilateral development institution.

16

CBD

Commercial Bank of Dubai 

17

Commodities exchange

Similar to the stock exchange where forces of supply and demand meet and prices are determined accordingly. However, it differs from the stock exchange in that it deals with the assets themselves (i.e., the commodities) such as oil, minerals and other commodities.

18

DCIBF

Dubai Centre for Islamic Banking and Finance

19

DET

Department of Economy and Tourism in Dubai

20

DFSA

Dubai Financial Services Authority

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DGCX

Dubai Gold & Commodities Exchange

22

DFM

The Dubai Financial Market is a stock exchange located in Dubai

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DIFC

Dubai International Financial Centre

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ECAI

External Credit Assessment Institution

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EIA

Environmental Impact Assessment

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EIB

Emirates Islamic Bank

27

ENBD

Emirates National Bank of Dubai

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FAB

First Abu Dhabi Bank

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FATF

Financial Action Task Force

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GCC

The Gulf Cooperation Council is a regional, intergovernmental, political, and economic union comprising the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia.

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GFC

Gulf Finance Corporation

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MoE

Ministry of Education

33

MoI

Ministry of Investment

34

MoIAT

Ministry of industry and Advanced Technology

35

Nasdaq Dubai

The international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.

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RERA

Real Estate Regulatory Authority

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WTC

World Trade Centre