investment

Abu Dhabi unveils new initiatives at 6th Al Multaqa meetings to empower private sector

The Abu Dhabi Investment Office (ADIO) is the government vehicle responsible for accelerating Abu Dhabi’s growth

81 percent of CEOs in Saudi Arabia embraced AI in the past year, says PWC

Almost half of CEOs in the Kingdom say that in the past five years, they have begun to compete in sectors or industries that are new to them

Dubai Land Department launches ‘Tayseer’ initiative to ease payment of currently overdue service fees

Unit owners can settle outstanding service fees with flexible six-month payment plans through management companies

UAE, Saudi Arabia reaffirm commitment to “closing the early warning gap” on World Meteorological Day

Number of countries possessing multi-hazard early warning capabilities increased from 52 in 2015 to 108 by the end of 2024

ADNOC Gas shareholders approve record $3.41 billion dividend for 2024

Company's dividend was the highest of any issuer on ADX in 2024

Fitch affirms RAKBANK’s BBB+ long-term issuer default rating with stable outlook

The bank's asset quality improved with declining non-performing loans and strong loan-loss coverage ratios

UAE, Egypt presidents discuss strengthening ties through developmental and economic collaboration

President El-Sisi held Ramadan Iftar banquet in honor of the UAE president

UAE gold prices down AED1.75, global rates rise on Fed optimism

Spot gold was up 0.1 percent at $3,025.12 an ounce

Oil prices slip to $71.88 amid Trump tariffs, Russia-Ukraine talks

West Texas Intermediate (WTI) crude futures lost 0.3 percent to $67.67 per barrel

Moody’s affirms UAE’s Aa2 rating citing strong economic diversification momentum

The UAE's rating takes into account the strong support from the government of Abu Dhabi, said the agency

Emirates Islamic’s $750 million senior unsecured sukuk oversubscribed 2.1 times

The sukuk saw demand from over 100 investors, including a considerable amount of new investors

Egyptian banks report record profits of $10.6 billion in 2024

The net return for banks rose to EGP915 billion in 2024, up from EGP582.5 billion