business

ADGM’s FSRA reports 30 percent increase in licensed financial services firms, reaching 272 in 2024 

FSRA's future focus includes sustainable growth, technological agility, and robust market confidence

ECB maintains interest rates at 2 percent, pausing its year-long easing cycle

This decision follows eight cuts since June last year as trade relations with the U.S. remain unclear

AD Ports Group expands global reach with new office in Beijing

The office will be instrumental in advancing AD Ports Group’s strategic role in China’s Belt and Road Initiative (BRI)

CBUAE, Mercury launch strategic JV to enhance UAE’s financial infrastructure, resilience

This collaboration aims to boost the UAE’s financial market infrastructure with top efficiency and resiliency standards

Saudi Arabia launches Taqatech Accelerator to drive energy innovation, economic growth

The Taqatech Accelerator aims to support startups focused on local content, technology localization, and job creation initiatives

Bank of America launches $40 billion stock buyback program

The $40 billion program replaces a previous authorization with $9.1 billion remaining as of June

Tesla shares dive 7 percent as Q2 sales decline, auto revenue drops to $16.7 billion

Tesla's Model Y update failed to revive aging lineup amid competitive pressure

Riyadh’s Grade A office market hits 98 percent occupancy in Q2 2025 amid soaring demand

As of mid-2025, more than 660 international firms had been licensed to set up regional headquarters in the Saudi capital

Sharjah real estate grows 48.1 percent in H1 2025 with AED27 billion in transactions

Sharjah’s increasing appeal to a diverse pool of investors from around the globe has further reinforced its position as a key real estate hub in the region

Emirates Islamic reports $599 million profit before tax in H1 2025, driven by income and deposit growth

Total income rose 9 percent year-on-year to AED2.9 billion, driven by diverse income streams

ADQ-backed digital bank Wio surpasses $1 billion in Assets Under Administration in less than two years

Popular investment themes include US tech stocks like NVIDIA and cryptocurrencies such as Bitcoin and Ethereum

Dubai Business Events secures 249 successful bids to host business events in H1 2025

These confirmed wins are expected to bring 127,087 delegates, a 35 percent increase in delegate numbers