economy

ADREC: Championing transformation of Abu Dhabi’s real estate sector

Outlines strategies and steps for innovation and future growth

Binghatti’s AED40 billion portfolio boasts lifestyle-centric projects

Keen on carving its own niche in Dubai’s highly competitive real estate market

DIFC successfully repays $700 million sukuk on schedule

The Sukuk was issued to fund the Centre’s expansion, including Gate Avenue

Dubai’s Spinneys announces record $626.2 million revenue for nine months, pre-tax profit climbs to $55.3 million

Adjusted EBITDA up 8.8 percent YoY with an industry-leading EBITDA margin of 18.3 percent

ADNH Catering reports $326.7 million revenue for nine months, confirms $16.3 million dividend for FY 2024

The pro forma net profit reached AED110 million, showcasing a robust net profit margin of 9 percent

DFM records $10.5 million in major trades on Al Ansari, Ajman Bank

29.1 million shares of Al Ansari were traded for AED28.5 million at AED0.97 each 

ADIPEC 2024: ADNOC awards $196.2 million contracts to 11 companies for manufacturing in UAE 

Awards for a wide range of products enabled by the company's In-Country Value (ICV) program

ADIPEC 2024 sets new records, unites industries to drive sustainable socioeconomic advancement

Under the theme ‘Connecting Minds. Transforming Energy,’ ADIPEC 2024 drew a record 205,139 participants from 172 countries 

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

September 2024 passenger demand soars with 7.1 percent growth in RPKs: IATA

In terms of total capacity, evaluated through available seat kilometers (ASK), there was a year-on-year increase of 5.8 percent 

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

UAE launches $136.1 million community initiatives to enhance well-being of senior citizens, women, and children

These initiatives offer a framework for long-term impact by developing human capital

Sheikh Hamdan announces partnership with Microsoft to equip one million people with AI skills by 2027

His Highness: “As we usher in the AI era, mastering AI skills is crucial for fostering innovation and driving economic sustainability”

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”

Qatar’s non-oil sector grows even as cost inflation rises to over 4-year high: PMI

October data signaled continued investment in staff to boost capacity and retain skilled and experienced staff

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

Dubai International Chamber establishes representative office in Kazakhstan to boost trade, investment

This initiative is part of 'Dubai Global,' which aims for 50 offices worldwide by 2030 

Lulu Retail’s IPO raises $1.72 billion, share price set at $0.56

The offering garnered aggregate demand exceeding $37 billion from local, regional, and international investors