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UAE, Kuwait: A Journey of Financial and Economic Integration Between Two Brotherly Countries
United Arab Emirates >> 2/24/2024 - ABU DHABI, 24th February, 2024 (WAM) -- The relationship between the United Arab Emirates and Kuwait is an exceptional example of two countries eager to enhance cooperation across various fields, incl...
Belgian FM: WTO Meet in UAE Is Opportunity to Uphold Rules-Based Global Order
United Arab Emirates >> 2/24/2024 - ABU DHABI, 24th February, 2024 (WAM) -- The World Trade Organisation’s (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi is an opportunity to uphold the rules-based global order, according to Hadj...
FTA Issues Guide Outlining Criteria to Determine Natural Persons Subject to Corporate Tax
United Arab Emirates >> 12/24/2023 - ABU DHABI, 24th December, 2023 (WAM) -- The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural persons subject to the Corporate Tax Law, that came into effe...
Hamriyah And Deira Ports Report AED 12.133b In Customs Declaration Value By End Of Q3 2023
United Arab Emirates >> 12/24/2023 - DUBAI, 24th December, 2023 (WAM) – Hamriyah and Deira ports have reported 62,454 customs declarations, totalling AED 12.133 billion, with 19 seizures recorded over the first nine months of this year.<...
Ministry of Economy Organises Final Forum on UAE’s Economic Policy
United Arab Emirates >> 12/24/2023 - DUBAI, 24th December, 2023 (WAM) -- The Ministry of Economy, in cooperation with the Organisation for Economic Cooperation and Development (OECD), organised the final forum on the UAE’s Economic Polic...
Dubai Chambers Organises 6 Legal Awareness Workshops With Over 350 Participants
United Arab Emirates >> 12/20/2023 - DUBAI, 21st December, 2023 (WAM) -- Dubai Chambers has hosted six workshops covering various legal topics to empower businesses in Dubai.

Attended by 350 participants, the workshops were or...
UAE Showcased Exceptional Leadership at COP28: Noura Bint Turki
United Arab Emirates >> 12/14/2023 - DUBAI, 14th December, 2023 (WAM) -- Saudi Princess Noura bint Turki Al Saud, Sustainable Development Specialist and Founding Partner of AEON strategy, has emphasised the UAE's success in organising th...
Tabreed Secures AED600 Million Green Revolving Credit Facility
United Arab Emirates >> 12/13/2023 - ABU DHABI, 14th December, 2023 (WAM) -- Tabreed today announced the successful closure of its inaugural AED600 million Green Revolving Credit Facility (RCF) in partnership with First Abu Dhabi Bank (F...
Bank of Sharjah Selected as Joint Lead Manager, Bookrunner in $350 Million Sukuk Issuance
United Arab Emirates >> 11/26/2023 - SHARJAH, 26th November, 2023 (WAM) -- Bank of Sharjah announced its selection as Joint Lead Manager and Bookrunner in the debut US$350 Million 144A/Reg S senior unsecured sukuk for Abu Dhabi based Itt...
COP28 Business & Philanthropy Climate Forum to Launch November 30
United Arab Emirates >> 11/20/2023 - DUBAI, 20th November, 2023 (WAM) – The inaugural COP28 Business Philanthropy Climate Forum, hosted by the COP28 Presidency, will open on 30 November at Expo City, Dubai.

The Forum, taking p...
Enhancing Skills, Capabilities of University of Sharjah Students in Financial Services
United Arab Emirates >> 11/20/2023 - SHARJAH, 20th November, 2023 (WAM) -- In line with the memorandum of understanding (MoU) signed between the two parties, BHM Capital, the leading financial institution in the UAE's capital markets, ho...
SCCI Affirms Commitment to Supporting SME Owners, Developing UAE Entrepreneurial Ecosystem
United Arab Emirates >> 10/29/2023 - A meeting convened by Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), has shed light on the Chamber’s proven commitment to supporting owners of small and med...
Fujairah Natural Resources Corporation: Dedicated Efforts to Drive Sustainability
United Arab Emirates >> 10/29/2023 - The Fujairah Natural Resources Corporation (FNCR) is among the leading contributors to the sustainable development drive in the Emirate of Fujairah, making exceptional efforts to boost sustainability ...
Ghitha Holding Reports AED 124 Million in Q3 2023 Profits
United Arab Emirates >> 10/26/2023 - Ghitha Holding (Ghitha), a subsidiary of International Holding Company (IHC), has announced its third quarter year-to-date (YTD) results for 2023, reporting a profit before tax of AED 124 million.
...
UAEFTS Processed AED10.997 Trillion in Transactions in 8 Months
United Arab Emirates >> 10/25/2023 - The total value of fund transfers between the UAE's banks amounted to AED10.997 trillion in the first eight months of the year, up 35.6 % from the same period last year, according to statistics releas...
Fujairah Research Centre, Environment Authority Foster Alliances With Academic, Beekeeping Entities
United Arab Emirates >> 10/25/2023 -  In a landmark moment during the Fujairah International Conference on Bee Research which concluded recently, Fujairah Research Centre (FRC) and Fujairah Environment Authority (FEA) announced the signi...
ACX Announces Key Trades on World’s First Regulated Carbon Exchange And Clearing House in ADGM
United Arab Emirates >> 10/25/2023 - ACX (AirCarbon Exchange) announced its exchange and clearing house in Abu Dhabi Global Market (ADGM), ACX Abu Dhabi, is live. Key trades have already been executed and settled on the platform, signify...
UNITED ARAB BANK Reports Net Profit of AED209 Million for First Nine Months of 2023
United Arab Emirates >> 10/24/2023 - United Arab Bank P.J.S.C ("UAB" or "the Bank") announces its Financial Results for the nine months ended 30th September 2023.

UAB posted a Net Profit of AED 209 million for the first nine m...
Aed19 Billion Real Estate Transactions in Sharjah During Past Nine Months of 2023
United Arab Emirates >> 10/24/2023 - According to the report on the performance of the real estate sector in Sharjah, which was recently issued by Sharjah Real Estate Registration Department, the value of transactions in the real estate ...
Annual Inflation Down to 4.3% in The Euro Area in September
United Arab Emirates >> 10/22/2023 - The euro area annual inflation rate was 4.3% in September 2023, down from 5.2% in August. A year earlier, the rate was 9.9%. European Union annual inflation was 4.9% in September 2023, down from 5.9% ...
Economic Development Indicators in Sharjah Recording Impressive Growth: Report
United Arab Emirates >> 10/16/2023 - Development indicators in the emirate of Sharjah have achieved remarkable growth, as the total business licenses issued and renewed during the year 2022 grew by 5% compared to 2021, to more than 72,24...
Sustainable Irrigation Essential for Increasing Local Food Production
United Arab Emirates >> 10/16/2023 -  The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has reaffirmed its commitment to promoting the concepts of agricultural and food sustainability, and building the capacity of the agricult...
Du, Dubai Municipality Unveil 'Digital Revolution' in Parks During GITEX Global 2023
United Arab Emirates >> 10/16/2023 - du, from Emirates Integrated Telecommunications Company (EITC), today announced a collaboration with Dubai Municipality to transform the parks and recreation sector.

The special show durin...
Mohamed Al Hussaini Explores Economic Ties With Pakistani Counterpart
United Arab Emirates >> 10/15/2023 - Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, met with Shamshad Akhtar, Minister for Finance, Revenue and Economic Affairs of Pakistan, and Jameel Ahmad, Governor of State Bank of...
EDGE Signs Strategic Cooperation Agreement With SAHA Istanbul
United Arab Emirates >> 10/11/2023 -  EDGE, one of the world’s leading advanced technology and defence groups, is attending a dedicated industry summit in Türkiye, hosted exclusively for EDGE by SAHA Istanbul, a respected association rep...
Abu Dhabi National Exhibition Centre Wins Best Venue Award At C&IT Awards
United Arab Emirates >> 10/7/2023 - Abu Dhabi National Exhibition Centre, one of the ADNEC Group’s venues, won the “Best Venue - Rest of World” for 2023 at the International Conference & Incentive Tourism (C&IT) Awards, strengthening it...
AED 123.3 Bn Market Size of 100 Investment Opportunities Under ‘Abu Dhabi Channel Partners’
United Arab Emirates >> 10/2/2023 - Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) has unveiled that ADDED will provide 100 investment opportunities, with a combined market size of AED 123.3 b...
Mbrsc Takes Centre Stage at Iac 2023 in Baku, Showcasing Uae's Presence in Global Space Exploration
United Arab Emirates >> 10/2/2023 - Dubai World Trade Centre (DWTC) has announced that Gulfood Manufacturing, the most influential annual F&B manufacturing event in the world, will take place from 7th to 9th November 2023.

T...
Minister of Economy Leads UAE Delegation to France to Develop Economic Partnerships
United Arab Emirates >> 9/26/2023 - An official UAE delegation led by Abdullah bin Touq Al Marri, Minister of Economy, will arrive in France this week to explore further development of economic partnerships between the two countries.
UAE, China Explore Prospects for Cooperation on Labour And Human Resources Development
United Arab Emirates >> 9/26/2023 - Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, welcomed Li Zhong, Vice Minister of Human Resources and Social Security of the People’s Republic of China, and his accompanying ...
Fujairah Crown Prince Attends Launch of Fujairah, Applauds Its Global Strategic Objectives
United Arab Emirates >> 9/26/2023 - H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, has emphasised the significance of bringing attention to the mining sector by identifying future opportunities within t...
Alpha Dhabi Acquires Majority Stake in Metito Holdings
United Arab Emirates >> 9/25/2023 - Alpha Dhabi Holding has announced its acquisition of a majority stake in Metito Holdings Ltd., a global leader in the water and wastewater industry.

Pending regulatory approvals, this pivot...
Investcorp Announces Listing of Portfolio Company, PT Multitrend Indo
United Arab Emirates >> 9/25/2023 - Investcorp, the Bahrain-based asset manager that counts Mubadala Investment Company as its biggest shareholder, has announced the successful Initial Public Offering (IPO) on the Indonesian stock excha...
Ministry of Economy Highlights UAE’s Efforts in Developing IP Legislation in Cairo
United Arab Emirates >> 9/25/2023 -  The Ministry of Economy (MoEc), represented by the Intellectual Property (IP) sector, has participated in the 11th Intellectual Property Technical Committee meeting held by the Intellectual Property ...
Moiat, Abu Dhabi Chamber Highlight Catalysts of Industrial Growth
United Arab Emirates >> 9/24/2023 - The Ministry of Industry and Advanced Technology (MoIAT) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) held a workshop, in cooperation with the Industrial Development Bureau (IDB) of the ...
CBUAE Maintains Base Rate at 5.40%
United Arab Emirates >> 9/20/2023 - The Central Bank of the UAE (CBUAE) has decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) without change at 5.40%, effective from Thursday, 21 September 2023.
New Report By FAB, Wealth Briefing Shows Growing Role of High-Income Women in MENA Economies
United Arab Emirates >> 9/20/2023 - The rise in women’s wealth is transforming MENA region economies, according to a report by FirstAbu Dhabi Bank (FAB), and WealthBriefing, a global business intelligence service for the wealth manageme...
Sharjah Finance Department Hosts Financial Forum 2023 With Emphasis on Digital Gateways
United Arab Emirates >> 9/20/2023 - Sharjah Finance Department (SFD) hosted the Sharjah Annual Financial Forum 2023, which drew over a hundred people, many of whom represented government agencies and other Sharjah-based organisations.
Dubai Chamber of Commerce, Etisalat By E& to Showcase Innovative Digital Payment Solution
United Arab Emirates >> 9/20/2023 -  Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has hosted a webinar aimed at introducing Small and Medium-sized Enterprises (SMEs) to uTap, a new...
Fertiglobe, AD Ports Group to Explore Collaboration Opportunities in Egypt, UAE
United Arab Emirates >> 9/18/2023 - Fertiglobe, the strategic partnership between ADNOC and OCI Global, today announced that it has signed a non-binding Memorandum of Understanding with AD Ports Group to explore logistics and supply cha...
FAB Announces Strategic Pathway Partnership With COP28
United Arab Emirates >> 9/18/2023 - First Abu Dhabi Bank (FAB) announced its participation as a strategic pathway partner of the 28th UN Climate Change Conference of Parties (COP28), which is being held in the UAE from 30th November to ...
Abu Dhabi Sustainability Week to Host Special Edition at COP28
United Arab Emirates >> 9/18/2023 -  Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, and withing the framework of his keenness to champion sustainability as a key pillar of the UAE’s economic and social...
UAE: Hub for Space Startups, Global Companies
United Arab Emirates >> 9/18/2023 - The space sector plays a crucial role in the global economy, as it creates new jobs, stimulates economic growth, and attracts foreign investments.

With ambitious strategies and promising in...
Uae’s Global Investments Holding Acquires 30% Stake in Eastern Company for Tobacco
United Arab Emirates >> 9/4/2023 - The UAE’s Global Investments Holding company has agreed to acquire 30 percent of the total shares of the Eastern Company for Tobacco.

Under the agreement, Global Investments will acquire 30...
Dubai Chamber Of Commerce Showcases Benefits of ‘Business Sectors Platform’ for Business Groups
United Arab Emirates >> 8/28/2023 - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has hosted an awareness-raising session on the competitive advantages offered as part of the Busine...
Dubai Logs Over AED1.9bn in Realty Transactions Monday
United Arab Emirates >> 8/28/2023 - Dubai's real estate market recorded 639 sales transactions worth AED1.62 billion, in addition to 147 mortgage deals totalling AED267.43 million, and 24 gift deals amounting to AED45.74 million, data r...
E& Capital Invests in Ikigai Labs to Bring Generative AI for Tabular Data to All Enterprises in MENA
United Arab Emirates >> 8/28/2023 - e& capital today announced its participation in the Series A financing round for Ikigai Labs, a pioneering firm harnessing the power of generative AI for tabular data.

Ikigai Labs has secur...
AD Ports Group’s Economic Cities, Free Zones And Digital Cluster Enhances Customer Experience
United Arab Emirates >> 8/23/2023 - AD Ports Group has completed a number of initiatives under "The Abu Dhabi Programme for Effortless Customer Experience," a pioneering new model that enables effortless customer experiences across Abu ...
GCC Revealed As Top Export And Re-Export Market for Dubai Chamber of Commerce Members During H1 2023
United Arab Emirates >> 8/23/2023 - Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the GCC was the top export and re-export market destination for its members globa...
82% of Employees in UAE Open to Employers Investing Their End of Service Benefits
United Arab Emirates >> 8/23/2023 - National Bonds, the savings and investment company, said that 82 percent of employees in the UAE are open to employers investing in their end-of-service benefits.

This insight strongly alig...
UAE’s Commitment to Leading Global Drive to Tackle Climate Challenges
United Arab Emirates >> 8/22/2023 -  Hamad Ali Al Kaabi, UAE Permanent Representative to the International Atomic Energy Agency (IAEA), said that hosting COP28 reaffirms the UAE’s commitment to leading the global drive to tackle the cli...
Ajman Real Estate Transactions Total AED7.17bn in H1'23
United Arab Emirates >> 8/22/2023 - The real estate market in Ajman showed robust performance in the first half of 2023 (H1'23), with total real estate transactions surpassing AED7.17 billion.

This figure, which represents a ...
Dubai Logs Over AED2.8bn in Realty Transactions Tuesday
United Arab Emirates >> 8/22/2023 -  Dubai's real estate market recorded 578 sales transactions worth AED2.1 billion, in addition to 132 mortgage deals totalling AED702.33 million, and 12 gift deals amounting to AED19 million, data rele...
E& Capital Leads $5mn Series A Financing Round in Maxbyte
United Arab Emirates >> 8/22/2023 -  e& capital today announced a lead investment in the US$5 million Series A financing round of Maxbyte, an innovator in the field of integrated digital and robotics solutions, to strengthen the company...
UAE Suspends 50 Businesses for Failing to Register in Anti-Money Laundering System
United Arab Emirates >> 8/21/2023 -  For failing to register in the anti-money laundering system (goAML) of the Financial Intelligence Unit (FIU), the UAE’s Ministry of Economy has suspended 50 establishments for three months during the...
CBUAE's Foreign Assets Up to AED592.11 Bn in June
United Arab Emirates >> 8/21/2023 - The UAE's current account balances and deposits with banks abroad amounted to AED363.23 billion by the end of June, 2023, from AED361.78 in the previous month, according to the latest figures revealed...
Central Bank’s Budget Totalled AED650 Billion for H1 2023
United Arab Emirates >> 8/21/2023 - The Central Bank of the UAE's public budget reached an all-time high of AED650 billion by the end of June 2023, as revealed by its latest fiscal report.

The report for June 2023 showed that...
Dubai Records Over AED2.81 Billion in Realty Transactions Monday
United Arab Emirates >> 8/21/2023 - Dubai real estate market recorded 623 sales transactions worth AED2.43 billion, in addition to 112 mortgage deals of AED249.9 million, and 19 gift deals amounting to AED131.93 million, data released b...
Vacation Booking Platform 'Holiday Swap' Joins Ministry of Economy’s Nextgen FDI Programme
United Arab Emirates >> 8/21/2023 - The Ministry of Economy has announced that Holiday Swap, a vacation exchange and booking platform with more than one million monthly users worldwide, is the latest company to join its NextGenFDI progr...
Total of Aed 190 Billion in Green Financing Dedicated By 6 Major Uae Banks: Ubf
United Arab Emirates >> 8/21/2023 - UAE Banks Federation (UBF) revealed the remarkable success of the UAE banking and financial sector in developing sustainable banking solutions in line with the UAE's strategy to reduce emissions and a...
DP World Partners With Caspian Week 2023 to Develop Logistics And Trade in Greater Caspian Region
United Arab Emirates >> 8/21/2023 - DP World, a leading provider of worldwide smart end-to-end supply chain logistics, has partnered with the Greater Caspian Association and Integral Group of Companies, and their annual Caspian Week For...
Du to Host ‘Envision’ Event Next September
United Arab Emirates >> 8/21/2023 - du, from Emirates Integrated Telecommunications Company (EITC), is set to host “Envision”, an exclusive event showcasing the latest ICT solutions that are revolutionising the future of work.

...
Ethiopia And Afdb Ink $84.3 Mn Grant Agreement to Enhance Wheat Production
United Arab Emirates >> 8/16/2023 - The African Development Bank Group (AfDB) has awarded grant funding totalling $84.3 million to Ethiopia to advance wheat production and increase farmers’ incomes.

Ethiopia’s Finance Ministe...
Africa Can Become A Key Link in Global Supply Chains: UNCTAD
United Arab Emirates >> 8/16/2023 - African economies can become major participants in global supply chains by harnessing their vast resources of materials needed by high-technology sectors and their own growing consumer markets, the Un...
Mro Middle East And Aime Will Return for Record Edition in 2024
United Arab Emirates >> 8/16/2023 - MRO Middle East and Aircraft Interiors Middle East (AIME) is set to return to Dubai in 2024 for its biggest edition yet, gathering the entire airline supply chain over two days.

The event s...
GDP Up By 0.3%, Employment Up By 0.2% in Euro Area
United Arab Emirates >> 8/16/2023 -  In the second quarter of 2023, seasonally adjusted GDP increased by 0.3 percent in the euro area and was stable in the EU, compared with the previous quarter, according to a flash estimate published ...
DWTC's Hospitality Division Sees 32% Growth in H1'23
United Arab Emirates >> 8/16/2023 -  Hospitality by Dubai World Trade Centre (DWTC) has once again proven its culinary prowess with a stellar H1 2023 performance, coupled with a significant medal haul at the recent Emirates Salon Culina...
80% of Passenger Flights to Resume By End of 2023: COO of Airport Authority Hong Kong
United Arab Emirates >> 8/15/2023 - Vivian Cheung Kar-fay, Chief Operating Officer of Airport Authority Hong Kong (AAHK), said that 60 to 65 percent of the number of flights were resumed compared to total flights in 2019 before the COVI...
New Industrial Licences Surge 16.6% in First Year After Abu Dhabi Industrial Strategy Launch
United Arab Emirates >> 8/15/2023 -  Launched by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council in June 2022, the Abu Dhabi Industrial Strategy (ADIS) has accele...
Yalla Group Records Aed561 Million in First Half Revenues
United Arab Emirates >> 8/15/2023 -  Yalla Group Limited today announced its unaudited financial results for the first half of the fiscal year 2023, ending on 30th June.

According to the financial results, Yalla’s H1 revenues...
SCCI, FDI Office Discuss Ways to Promote Sharjah's Real Estate Sector
United Arab Emirates >> 8/8/2023 - The Real Estates Sector Business Group, operating under the Sharjah Chamber of Commerce and Industry (SCCI), has discussed with the Sharjah FDI Office (Invest in Sharjah) ways to promote lucrative rea...
ADNEC Services, Kenes Group Partner to Launch Specialised Conferences, Exhibitions in Abu Dhabi
United Arab Emirates >> 8/8/2023 - ADNEC Services, the event agency arm of ADNEC Group, has partnered with events management company Kenes Group to launch new specialised conferences and exhibitions in Abu Dhabi across multiple sectors...
Dubai International Chamber Attracts Six Multinational Companies And 50 Smes to Dubai During H1 2023
United Arab Emirates >> 8/8/2023 - Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has announced details of several notable achievements during the first six months of 2023 in attracting foreign d...
Dubai's GDP Grows 2.8% in Q1 2023 to Reach AED111.3 Billion
United Arab Emirates >> 8/8/2023 - Dubai’s Real Gross Domestic Product (GDP) grew 2.8 percent year-on-year in the first quarter of the year to reach AED111.3 billion surpassing average global growth rates for Q1 2023.

The su...
Yahsat Reports Revenue of AED753 Million in H1 2023
United Arab Emirates >> 8/8/2023 - Al Yah Satellite Communications Company (Yahsat) announced its consolidated financial results for the six months ended 30th June 2023.

Revenue for the first half of the year was stable at A...
Ajman Bank AED 550mn Rights Issue Oversubscribed 7.4 Times
United Arab Emirates >> 8/7/2023 - Ajman Bank’s AED 550 million Rights Issue saw an overwhelming response indicating oversubscription of 7.4 times, with a total demand of AED 4.1 billion.

The initiative attracted many inter...
Borouge, Borealis Launch New Sustainable Automotive Products Made From Up to 70% Recycled Materials
United Arab Emirates >> 8/7/2023 -  Borouge, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, and Borealis, one of the world’s biggest polyolefin manufacturers, today announced the launc...
Sharjah Asset Management, IHG Hotels & Resorts Boost Sharjah’s Tourism Industry
United Arab Emirates >> 8/7/2023 -  IHG Hotels & Resorts and Sharjah Asset Management have announced the signing of a management agreement to bring a voco hotel to Sharjah, UAE.

The new hotel is poised to contribute to the g...
Ajman, UAQ Government Entities Join National ICV Programme
United Arab Emirates >> 8/7/2023 - Ajman’s Departments of Economic Development and Finance and Umm Al Quwain’s Executive Council have joined the National In-Country Value (ICV) Programme, launched by the Ministry of Industry and Advanc...
Mohamed Bin Zayed: Ambitious Economic Vision for Uae Centennial 2071
United Arab Emirates >> 6/25/2023 - The emirate of Sharjah's real estate activity during May 2023 logged a total value of AED 2.4 billion, futher enhancing Sharjah's position as an ideal destination for investors, businessmen, and famil...
UAE GDP Grows By 7.9% in 2022
United Arab Emirates >> 6/25/2023 - Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the UAE's gross domestic product (GDP) for 2022, issued by the Federal Competitiveness and Statistics Centre, re...
Ministry of Climate Change Launch 'Sustainable Fintech Pledge'
United Arab Emirates >> 6/25/2023 -  The Ministry of Climate Change and the Environment (MOCCAE), and the Middle East and North Africa Fintech Association (MFTA), announced the launch of the Sustainable Fintech Pledge today, aimed at in...
DIEZ Announces Exceptional Sustainability Achievements in 2022
United Arab Emirates >> 6/25/2023 - Dubai Integrated Economic Zones Authority (DIEZ), through its economic zones, achieved exceptional sustainability results in 2022, highlighting its commitment to sustainability and its efforts to redu...
ADDED Partners With Valeo to Establish Automotive Technology Hub in Abu Dhabi
United Arab Emirates >> 6/17/2023 - Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry in Abu Dhabi by establishing a technology hub to manufacture autonomous and electric ca...
Second Global Parliamentary Summit Reaches Historic Pact Against Hunger and Malnutrition
United Arab Emirates >> 6/17/2023 - The Second Global Parliamentary Summit against Hunger and Malnutrition closed in Chile with a new Global Parliamentary Pact to work towards the transformation of agrifood systems and to promote the ri...
Flynas Posts Operational Growth in 2023 Q1 With 26% Increase in Passengers Number And 13% in Flights
Saudi Arabia >> 5/21/2023 - flynas, the Saudi air carrier and the leading low-cost airline in the Middle East, reported a remarkable growth in its operational performance during the first quarter of 2023 compared to the same per...
Stc Raised Network Capacity By 350% During Arab Summit
Saudi Arabia >> 5/21/2023 - stc group, the engine of digital transformation in the region, continues to play its leading national role in supporting digital empowerment of the major national events in the Kingdom of Saudi Arabia...
Shurooq Announces Major Progress on Three Key Real Estate Ventures in Sharjah at ACRES 2023
United Arab Emirates >> 5/20/2023 -  As leading global consultancies predict the UAE’s real estate sector to remain resilient throughout 2023, the Sharjah Investment and Development Authority (Shurooq) is successfully delivering on comp...
AD Ports Group Reports AED1,817 Million in Q1 Revenue
United Arab Emirates >> 5/15/2023 -  AD Ports Group today said its revenue grew 73% YoY to AED1,817 million in Q1 2023.

In a statement, the Group said the growth is driven by the robust performance of its Maritime, Economic C...
Emirates Development Bank Seeks to Promote Financial Inclusion of Smes
United Arab Emirates >> 5/13/2023 -  Emirates Development Bank (EDB), a key financial engine of the UAE’s economic development and industrial advancement, has successfully concluded its participation in the Annual Investment Meeting, he...
EU's Imports in High-Tech Products Worth €482 Billion, Exports at €446 Billion
United Arab Emirates >> 5/13/2023 -  In 2022, the EU imported €482 billion worth of high-tech products from extra-EU countries (+22% compared with 2021), according to an estimate published by Eurostat, the statistical office of the Euro...
Global Forum Spotlights Actions to Make Trade More Sustainable And Inclusive
United Arab Emirates >> 5/7/2023 - UNCTAD will host the third UN Trade Forum on 8th and 9th May 2023 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating pro...
TAQA Establishes New Green Finance Framework
United Arab Emirates >> 4/12/2023 - Abu Dhabi National Energy Company (TAQA) announced today that it has launched a new Green Finance Framework for the issuance of green bonds, sukuks, loans, and other debt instruments.

Proce...
Real GDP Growth Projected to Expand By 4.3 Percent in 2024: Central Bank
United Arab Emirates >> 3/27/2023 - The Central Bank of the United Arab Emirates has projected the country's annual real GDP growth to expand by 4.3 percent in 2024.

"After three quarters of high growth, the UAE’s economy mai...
Global Hospitality Providers Head to Dubai As Regional Industry Plans Multi-Billion Investments
United Arab Emirates >> 3/27/2023 - Major worldwide players will gather in Dubai from 23th to 25th May at The Hotel Show – the undisputed flagship for, and gateway to, the Middle East’s multi-billion-dollar hospitality industry – as the...
Saudi King, Crown Prince Inaugurate Ramadan Campaign With Massive Donation
Saudi Arabia >> 3/26/2023 - Jood Eskan, Saudi Arabia's crowdfunding platform for home ownership, has launched a charitable campaign to raise SR 1 billion in donations during the Holy month of Ramadan.

The campaign aim...
Dubai Business Women Council Board Meeting Discusses Upcoming Projects
United Arab Emirates >> 3/23/2023 - The Dubai Business Women Council (DBWC), has held its first periodic board meeting for 2023, chaired by Dr. Raja Easa Saleh Al Gurg, Founder and President of DBWC, alongside board members of the counc...
Oman Central Bank Increases Repo Rate By 25 Bps
United Arab Emirates >> 3/23/2023 - The Central Bank of Oman (CBO)increased its repo rate for local banks at the rate of 25 basis points to 5.50%.

In a statement, the bank said that this decision was taken following the US Fe...
India And Saudia Arabia to Create Investment Bridge
United Arab Emirates >> 3/23/2023 - India and Saudi Arabia are jointly working to create an “investment bridge” for accelerating pending bilateral investment projects and facilitating investors.

Deliberations towards this obj...
24 Dubai Companies Join Dubai International Chamber's New Horizons Trade Mission to Kazakhstan
United Arab Emirates >> 3/19/2023 - Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has arrived at Kazakhstan, the second destination in the New Horizons Trade Mission to Central Asia.

T...

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