investment

Islamic treasury bonds auction for October 2024 attracts $1.96 billion in bids

The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029

UAE President engages with world leaders on trade and development at BRICS Summit

The summit, which runs until October 24, is themed 'Strengthening Multilateralism for Equitable Global Development and Security,’

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

UAE President Sheikh Mohamed attends 16th BRICS Summit in Kazan, Russia

Extending until October 24, the 16th BRICS Summit will focus on key issues including financing, technology, food trade and expanding the union’s membership

Dubai Islamic Bank lists $500 million AT1 sukuk on Nasdaq Dubai

Dubai Islamic Bank currently boasts an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai

UAE maintains leadership in global labor market competitiveness indicators

The country secured the top position globally in four key indicators from the Institute for Management Development World Competitiveness Yearbook 2024

Dubai’s DMCC reports 11 percent growth in Turkish companies as UAE-Türkiye trade surges

In the first half of 2024, trade between the two countries rose by 15 percent, following a surge of 107 percent in 2023

ADNH Catering shares listed on ADX following successful IPO

The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing

UAE’s real GDP expected to expand by 5.1 percent in 2025, according to IMF

Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025 

Sheikh Mohammed bin Rashid meets local investors, businessmen at Zabeel Palace

Sheikh Mohammed engaged with attendees on a range of topics related to Dubai’s development journey

Finance House to invest $81.67 million in Abu Dhabi capital market

This collaboration seeks to enhance market liquidity and financial stability, aligning with the ADX’s vision 

Sharjah Chamber hosts Japanese delegation, discusses enhancing economic cooperation

The Chamber seeks to boost knowledge exchange and collaboration between investors from both nations

Abu Dhabi, Dubai crowned top cities for expats’ ease of entry globally

Dubai, Abu Dhabi, Riyadh, and Dammam demonstrated adaptability in the face of global economic and geopolitical challenges

Saudi flynas partners with VCM on carbon offsetting, environmental protection, and sustainability

The deal supports the Kingdom's climate ambitions to achieve net zero emissions

RAKEZ strengthens ties with Canada as bilateral trade exceeds $2 billion

A key highlight of a recent roadshow was an exclusive event in collaboration with the Canada India Foundation in Toronto

Modon sells out phase one of Maysan project on Reem Island within hours

The overall design of the over-600,000-square-meter project is inspired by boutique-style inside/outside living

UAE, Russia presidents discuss strategic partnership in key sectors at Moscow meeting

Presidents reviewed progress in UAE-Russia relations in the areas of economy, trade, investment, space and energy

Saudi Arabia’s PIF launches Sarcc to meet growing staff accommodation demand

Company will foster the Saudi private sector by enabling long-term investment and partnership along the industry's value chain

TECOM Group acquires Office Park in Dubai Internet City for $196 million

Currently generating annual revenue exceeding AED60 million, TECOM Group will recognize this income starting Q4 2024

UAE emerges as region’s top startup hub with over 5,600 registrations in Q2 2024

UAE leads the region in the fintech startup sector, with over 550 companies currently operating in this field

Sheikh Hamdan approves master plan for Saih Al Salam Scenic Route, rural development projects

Dubai's rural areas and countryside development portfolio includes 37 projects and initiatives, with a cost of around $106.18 million

Key trends shaping Abu Dhabi’s property market in Q3 2024

Al Reef, Al Ghadeer, and Masdar City emerged as key locations among those looking to purchase affordable apartments in Abu Dhabi

Dubai real estate trends: Most popular areas to buy and rent property in Q3 2024

Dubai recorded an 11.19 percent increase in total sales transaction volume compared to Q2 2024