investment

Orange Middle East and Africa, Mastercard collaborate to digitize payments for millions across Africa by 2025

Partnership to empower millions of Orange Money wallets with digital payments by 2025, boosting financial inclusion in seven countries

Abu Dhabi Crown Prince Sheikh Khaled visits semiconductor maker GlobalFoundries in Singapore

Mubadala invested in GlobalFoundries in 2009, anticipating the growth of chips as an enabling technology for the modern era

Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt

The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences

Ras Al Khaimah reports 28.6 percent growth in commercial licenses in first 9 months of 2024

The first nine months of 2024 recorded the second-highest number of new licenses in the last 10 years, with a total of 1,576 licenses

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

UAE attracts $16 billion in greenfield FDI capital inflows in 2023

The UAE expects these investments to generate nearly 50,000 jobs from 1,332 projects

stc Group inks strategic partnership with Future Investment Initiative Institute, 8th annual conference

stc Group will be participating in the panel session titled 'Is I.T. Infrastructure One-Size-Fits-All?'

Dubai Aerospace Enterprise inks $500 million agreement to acquire 10 aircraft

Group initiated and managed the purchase and sale of equity interests in 36 managed aircraft from existing investors to new investors

UAE committed to building advanced technological ecosystem that captivates global attention

The country has become the go-to destination for entrepreneurship and talent

UAE’s GDP projected to grow over 5 percent by 2025 amidst shifting global dynamics: UBS

Global factors, especially oil production and OPEC decisions, influence growth expectations for GCC economies

UAE seeks stronger ties with G20 nations as bilateral trade exceeds $196 billion

UAE-Global Business Forum underlined the UAE’s role as a global trade and investment hub

Saudi Arabia’s real estate price index rises 2.6 percent in Q3 2024, fueled by residential and commercial growth

The residential sector was the main contributor to this overall increase, experiencing a 1.6 percent annual growth

World Bank advances Gender Strategy 2030 to empower 300 million women

Strategy aims to support 250 million women with social protection programs

COP29 critical for shaping future climate contributions: IRENA director-general

La Camera stressed the urgent need for $31.5 trillion in investments in renewable energy, grids, resilience measures, and energy efficiency by 2030

P.O.B1 Properties launches inaugural $56 million Serenova project in Dubai Silicon Oasis

Set for completion in Q2 2027, the project spans across an expansive 7,850 sqm plot

UAE signs two agreements with IMF to support PRGT, RST funds

At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT

Sheikh Hamdan calls for accelerating efforts to boost UAE’s position as global investment hub

Value of inward FDI in 2023 to the UAE amounted to $30.688 billion, compared to $22.737 billion in 2022, a growth of nearly 35 percent

Middle East economic confidence improves: Non-oil economies driving growth amid global volatility

New survey highlights marked improvements in the region’s Capital Expenditure and Employment indices

Record population growth, falling interest rates boost Dubai property market

The volume of off-plan property registrations in Dubai reached an all-time high, with 32,968 transactions in Q3

Abu Dhabi’s luxury real estate market thrives in Q3 2024

Al Reem Island, Yas Island and Al Raha Beach have consistently ranked among the most popular luxury areas for apartments in Abu Dhabi

CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024

SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June 

Abu Dhabi’s ADIPEC 2024 to explore role of AI, finance in accelerating energy transition

Event to feature more than 1,800 leading innovators, experts, and visionaries from fields of energy and AI

UAE drives regional economic growth: Insights from LSE Deputy CEO

The country has successfully completed 37 bond issues amounting to a total of $18.51 billion 

Abu Dhabi Commercial Bank announces H1 2024 net profit after tax of $1.2 billion

Customer deposits in current and savings accounts totaled AED169 billion by the end of September 2024