Economy

UAE launches $81.7 million fund to support entrepreneurs

The Cabinet also announced $1.9 million reward for government employees

ADFW 2024: Fintech Abu Dhabi reaffirms city’s position as financial innovation hub

Experts examined the emergence of new unicorns in fintech despite challenges in the venture capital market

ADFW 2024: Experts discuss AI’s role in financial services sector

The summit also explored strategies to promote innovation while safeguarding customer protection

AI to add $19.9 trillion to global economy, account for 3.5 percent of GDP by 2030: Report

98 percent of executives prioritize AI investments, driving rapid funding increases and highlighting AI's value 

Abu Dhabi’s Hub71, Google partner to accelerate startup growth in the UAE

Google will select 25 high-potential startups from Hub71’s ecosystem for a three-month program

UAE, Eurasian Economic Union conclude CEPA negotiations

In the first half of 2024, the UAE shared non-oil trade worth $13.7 billion with the bloc

Abu Dhabi Finance Week (ADFW) 2024: ADIO and PGIM to establish RealAssetX Innovation Centre in Abu Dhabi

Integrating local institutions with global research leaders to advance sustainability, AI and Deep Tech for real assets

ADFW 2024: Asset Abu Dhabi explores evolving global asset management industry

Asset Abu Dhabi gathered asset managers who collectively manage over $42.5 trillion in assets to share their perspectives

Climate hazards can cost 7 percent of corporate earnings annually by 2035: Report

Green markets are projected to expand from $5 trillion to $14 trillion by 2030, creating opportunities for early movers

UAE President, Venezuela Vice President explore enhancing bilateral ties

The two sides reaffirmed their commitment to strengthening UAE-Venezuela relations and enhancing collaboration

Dubai Ruler awards Ajman Crown Prince, Sheikh Theyab with Mohammed bin Rashid Sash

Sheikh Ammar received the sash for his role in developing the government system in Ajman

New corporate tax will not impact UAE’s attractiveness for businesses: Experts

The new tax is a logical evolution to the UAE’s broader economic and strategic advantages

Qatari economy grows 0.8 percent to $48.5 billion in Q2 2024

GVA of non-mining sector activities reached $33.23 billion during this period

Egypt’s inflation falls to 25.5 percent in November

Headline inflation climbed to a record high of 38 percent in September 2023 after falling to 26.5 percent in October

UAE corporate tax amendments: 9 things to know

Amendments include introduction of a domestic minimum top-up tax, and tax incentives to support growth and innovation

Central Bank of Kuwait allocates $792 million bonds, securitization

The bank specified that this issuance has a maturity period of three months and an interest rate of 4.125 percent

UAE accelerates efforts towards implementing Circular Economy Policy 2021-2031

The council reviewed the most important milestones achieved by the UAE in its transition towards a circular economy model

UAE President, UK Prime Minister discuss bilateral relations

The two leaders reviewed areas of bilateral collaboration and explored ways to enhance ties

UAE acquires McLaren: Abu Dhabi’s CYVN Holdings inks agreement

CYVN will empower McLaren to reach its full potential via access to engineering and design capabilities

UAE corporate tax: Large multinational companies to pay 15 percent top-up tax in 2025

The UAE is considering the implementation of a Research and Development Tax Incentive to encourage R&D activities

Abu Dhabi Finance Week (ADFW) 2024: Abu Dhabi Crown Prince Sheikh Khaled attends opening ceremony

Sheikh Khaled emphasized ADFW's role in further strengthening the UAE and Abu Dhabi’s role as leading hubs for finance

Saudi Arabia’s real GDP grows 2.8 percent in Q3 2024 on stronger non-oil activity

Saudi Arabia's GDP at current prices reached SAR1.007 trillion in Q3 of 2024

Abu Dhabi Finance Week (ADFW) 2024 opens with top financial leaders in ‘Capital of Capital’

The theme of Abu Dhabi’s Falcon Economy was at the core of the event’s high-level strategic discussions

ADFW 2024: A day-by-day guide

Get to know the gatherings that will make this year’s ADFW its biggest edition yet