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Economics
Banking & Finance
UAE’s banking sector net international reserves up 11 percent to $346.58 billion by end July 2024
CBUAE’s gold reserves grew by 23.5 percent YoY, reaching AED21.28 billion by the end of July
Banking & Finance
Dubai Taxi Company’s revenue rises 13 percent YoY to $435.6 million in first 9 months of 2024
EBITDA grew 20 percent YoY during this period to $117.6 million
Economy
Bank of England lowers interest rates to 4.75 percent, anticipates gradual cuts ahead
This marks the second reduction by the central bank this year, following the initiation of its easing cycle in August
Banking & Finance
UAE Federal Tax Authority offers grace period for taxpayers falling behind on updating their tax registration
This measure allows updates without penalties for failing to notify the FTA
Economy
Sheikh Hamdan launches ‘71 Challenge’ to empower young government leaders
Sheikh Hamdan: “Young people are the driving force behind our nation's progress, fuelling its development and innovation”
Economy
Oil prices rally amid political uncertainty following Trump’s 2024 win, expected Chinese fiscal stimulus
January Brent oil futures climbed 0.5 percent to $75.28 a barrel
Banking & Finance
UAE’s debt capital markets grow 13.1 percent YoY to $294.4 billion by Q3 2024: Fitch
This growth highlights the country's evolving financial landscape and its strategic role within the sukuk market
Energy
Official dates revealed for ADIPEC 2025
40+ ministers and 200+ executives from around the world gathered in Abu Dhabi for ADIPEC 2024
Economy
Sheikh Mohammed launches National Investment Strategy 2031 to double cumulative FDI inflows to $353.9 billion
The UAE witnessed 35 percent increase in FDI inflows $30.65 billion in 2023
Economy
Oil prices decline as U.S. inventory data shows larger-than-expected build amid Gulf hurricane concerns
Brent oil futures expiring in January dropped 0.6 percent to $75.11 a barrel
Economy
Oil prices stabilize amid market fluctuations, geopolitical tensions as traders await U.S. elections and China’s fiscal measures
January Brent oil futures had decreased by 0.2 percent to $74.93 per barrel
Economy
Qatar affirmed at ‘AA/A-1+’; outlook stable: S&P
Growth momentum is expected to strengthen from 2026, supported by the North Field Expansion (NFE) LNG project
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