Economy

ADFW 2024: Sun Capital Advisory sets up Abu Dhabi office at ADGM

The firm operates as an outsourced direct investment and asset management arm for its clients

Saudi Arabia, UK to increase bilateral trade to $38 billion by 2030

The two sides welcomed the significant progress made on the GCC-UK Free Trade Agreement

ADGM announces plans to establish insurance association to promote industry growth

The association will enhance collaboration, standards, and practices in the insurance industry

ADFW 2024: Abu Dhabi Sustainable Finance Forum concludes 4-day event

This year’s forum involved high-level discussions on achieving both the UAE and the world's sustainable transition

Visa, ADGM Academy to boost UAE financial sector innovation, talent development

Partnership to focus on innovation in cybersecurity, AI and fintech through joint research, specialized training

Hard-to-abate sectors cut emissions, but still offtrack for net-zero targets: Report

Interestingly, the these industries achieved a 0.9 percent reduction in absolute emissions from 2022 to 2023

Arab Health contributed $269.7 million to Dubai’s economy during 2024 edition

Tourism and hospitality benefited from the major healthcare event, with 2024 accommodation spending over $56.2 million

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