United Arab Emirates

Finstreet to launch first regulated digital market in ADGM for private, public securities

Finstreet will grant eight licenses to its subsidiary entities to launch the first digital MTF, central securities depository, and private financing platform

India-UAE Business Forum in Mumbai to explore trade, investment and partnership opportunities

Bilateral non-oil trade between the UAE and India reached $28.2 billion in the first six months of 2024, up 9.8 percent annually

Nasdaq Dubai welcomes $400 million green bond from Bank of China

With the addition of this listing, the total value of bonds listed on Nasdaq Dubai by the Bank of China reaches $1.47 billion

Saif Al Ghurair Real Estate Group launches P.O.B1 Properties

The name is inspired by the group’s unique mailing address, P.O. Box 1

Binghatti unveils $1.1 billion ‘Ghost’ project in Al Jaddaf

The new project will feature a total of 770 residential units and six premium retail shops

Burjeel Holdings’ entry into FTSE Global Equity Index Series to boost investments

Burjeel Holdings has joined FTSE Russell’s FTSE Mid Cap index, the FTSE All-Cap index, the FTSE All-World index and the FTSE Total-Cap index

Sheikh Mohammed launches Dubai National University with $1.23 billion investment

Launch seeks to raise Dubai's position among the top 10 cities globally with the best quality of education

UAE targets $27.2 billion in tourism investments by 2031, increasing GDP contribution to $122.5 billion 

In 2023, tourism accounted for 11.7 percent of the UAE’s GDP, amounting to $59.9 billion

Abu Dhabi Crown Prince Sheikh Khaled meets Indian Prime Minister Narendra Modi

The two leaders will hold discussions on all aspects of their comprehensive strategic partnership

Dubai Metro anniversary: 15 facts you should know

Dubai Metro remains the world's longest driverless metro project

Dubai Metro marks 15 years of success: Over 2.4 billion passengers and 4.3 million trips with 99.7 percent punctuality

Currently, the metro serves around 730,000 passengers daily, making it the preferred transportation choice for many

UAE gold prices steady, global rates rise as traders await U.S. inflation data

China's central bank held back on buying gold for a fourth month in a row in August, according to official data

Bank of Sharjah prices $500 million bond, attracts orders worth $1.4 billion

The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25 percent per annum

Etihad Airways to launch four weekly flights to Warsaw and Prague

The airline will operate these routes using the modern Boeing 787 Dreamliner

dnata boosts carbon footprint reduction efforts with fleet-wide transition to biodiesel in UAE

This step is expected to cut CO₂ equivalent emissions by over 3,500 tons annually

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand

At the close of the subscription period, the retail tranche was oversubscribed 600 times

Dubai Chambers supports expansion of Chinese investors into Dubai with new agreement

Agreement enhances the ability of companies operating in Dubai to enter the Chinese market and build promising business partnerships in Tianjin

UAE gold prices rise, global rates set for weekly gains ahead of U.S. jobs data

The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent

Rising bank credit demand in the UAE amid positive economic outlook, says Central Bank

In Q2, demand for trade credit remained strong, with a greater appetite for lending 

UAE celebrates historic milestone: Unit 4 of Barakah Nuclear Energy Plant begins operation

The plant now provides up to 25 percent of the UAE’s electricity, enough to power 16 million EVs annually

UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program

The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.

GCC banks well positioned to continue strong run in 2024: Report

The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1