economy

ADFW 2024: Finstreet launches first-of-its-kind international securities financial market infrastructure

With FSRA approval, Finstreet’s regulated subsidiaries are operational, accepting applications from professional investors

ECB cuts interest rates again amid euro zone economic challenges

The ECB unanimously decided to reduce the deposit rate by 25 basis points

ADGM announces plans to establish insurance association to promote industry growth

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

Oil prices dip amid supply surplus expectations and China’s stimulus efforts

Brent oil futures fell by 0.1 percent to $73.34 per barrel

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

Abu Dhabi Finance Week (ADFW) 2024: ADIO, Mastercard to establish Digital Partnership Program

Mastercard to create tailored digital financial solutions for Abu Dhabi stakeholders

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 

GASTAT: Industrial Production Index in Saudi Arabia increases by 5 percent in October 2024

This growth is largely attributed to heightened activity in various sectors, including mining and quarrying

Abu Dhabi Airports breaks ground on East Midfield Cargo Terminal at Zayed International

Terminal to integrate seamlessly with the Logistics Free Trade Zone's existing infrastructure, particularly Al Falah District

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