Economy

Sheikh Hamdan launches Ignyte digital platform to accelerate over 100,000 startups

Ignyte connects startups and founders with investors, mentors, corporate organizations and governments entities

Abu Dhabi, Dubai crowned top cities for expats’ ease of entry globally

Dubai, Abu Dhabi, Riyadh, and Dammam demonstrated adaptability in the face of global economic and geopolitical challenges

RAKEZ strengthens ties with Canada as bilateral trade exceeds $2 billion

A key highlight of a recent roadshow was an exclusive event in collaboration with the Canada India Foundation in Toronto

Oil prices slide amid Middle East tensions, Chinese demand concerns

Brent crude futures for December delivery fell by 19 cents, or 0.3 percent, settling at $74.10 a barrel

UAE, Russia presidents discuss strategic partnership in key sectors at Moscow meeting

Presidents reviewed progress in UAE-Russia relations in the areas of economy, trade, investment, space and energy

UAE President Sheikh Mohamed arrives in Moscow on official visit

Sheikh Mohamed will hold talks with Vladimir Putin, President of Russia, and also attend the BRICS summit

Sharjah Islamic Bank profit before tax up 29 percent to $270.1 million for nine months ending September

The bank is diversifying its financing portfolio, with total customer financing at AED36.6 billion

UAE’s PMO formalizes agreements to enhance strategic intelligence for We the UAE 2031

New platform to leverage AI and insights from 2,500 experts and 450 data sources to create government strategies

U.S.-UAE Business Council delegation visits Ras Al Khaimah to discuss growing trade, cooperation

Meeting explored ways to further strengthen cooperation and strategic partnerships across key sectors

Gitex Global 2024: Ajman Investment Platform launched to promote investment opportunities

The platform seeks to enhance the competitive business landscape and increase productivity in line with Ajman Vision 2030

UAE explores business, investment ties in Uzbekistan as bilateral trade hits $1.9 billion

More than 320 Emirati-owned companies operate in Uzbekistan, including over 120 joint ventures

Lagarde signals shift in ECB strategy with third rate cut in 2024

This marks the first consecutive rate reduction in 13 years

Central Bank of Egypt holds key interest rates steady amid inflation control, mixed economic indicators

The committee noted that this decision reflects recent global and local developments

Oil prices steady amid mixed economic signals from China, strong U.S. retail sales data

Brent crude futures had risen by 8 cents, or 0.1 percent, to $74.53 a barrel

ADGM hosts region’s largest financial career fair with over 10,000 global attendees

ADGM Virtual Career Fair marks a key milestone in the financial center's journey towards fostering a dynamic, innovative business environment

Oman’s OQEP raises $2 billion in IPO

Global institutional support in the Category I offering exceeded OMR1.0 billion (excluding anchors)

Gitex Global 2024: Digital Dubai, e& UAE forge partnership for smart city innovation and talent development through 2026

The partnership will address the needs of Dubai's citizens and businesses with innovative digital solutions

ADNH Catering raises $235.2 million in IPO

ADNH Catering offered 900 million shares, or 40 percent of its capital 

Gitex Global 2024: Dubai’s DET, Network International partner to boost emirate’s digital economy and support SMEs

Strategic partnership aims to increase economic productivity by 50 percent through innovation and digital adoption

Sheikh Maktoum seeks stronger ties across key sectors at GCC-European Union Summit

In 2023, the EU became the second-largest trading partner of the GCC region, with total trade reaching €170 billion

UAE GDP to grow to 3.3 percent in 2024, 4.1 percent in 2025: World Bank

World Bank expects the UAE's inflation to reach 2.2 percent this year and decline to approximately 2.1 percent through 2025-2026

Oil prices modestly recover amid unexpected U.S. inventory draw, Middle East tensions

Brent crude futures for December delivery increased by 0.6 percent to $74.67 per barrel

Sheikh Maktoum bin Mohammed arrives in Brussels for inaugural GCC-European Union Summit

The summit marks a significant milestone in enhancing cooperation between GCC and EU countries across various sectors