investment

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

DP World launches deep-water port project in Congo

This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy

Gulf SWFs lead global growth with assets set to reach $18 trillion by 2030, says Deloitte

Gulf funds are strategically pivoting toward Asia, with many establishing new offices throughout Asia-Pacific

Dubai ranks 5th globally for FinTech for the first time: Global Financial Center Index

Dubai was the only financial city in the region to rank in the top 15 for global competitiveness across multiple categories

ADIO partners with global creator firm to establish regional HQ as content creator economy nears $440 billion

Gushcloud's expansion is set to create 100+ full-time jobs across tech, finance, sales, and legal sectors

Al-Mashat: Economic growth in Egypt to see boost in Q2, supported by industry

The Minister noted Egypt's competitive advantages: a diverse economy, strong industrial base, and skilled workforce

NVIDIA and xAI to join MGX, BlackRock and Microsoft’s $30 billion AI Infrastructure Partnership

Partnership will mobilize up to $100 billion in total investment potential when including debt financing