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Economy Middle East Summit
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Technology
Dubai’s DFSA enhances crypto token framework to foster innovation, development
Amendments address financial crimes through strict compliance guidelines
Economy
Egypt’s economy forecast to grow by 4.2 percent in 2025 on increased investment, exports, and consumer spending
The pound devaluation and foreign investments alleviated the country’s currency crisis
Sustainability
UAE’s ADFD finances projects worth $9.6 billion in 42 African countries
In 2023, ADFD led a $4.5 billion UAE initiative to boost Africa's clean energy infrastructure
Health
GCC countries eye $135 billion healthcare sector by 2027 through localization and diversification
The sector spending within the GCC alone is tipped to reach $124 billion in 2028
Markets
Alef Education sets IPO offer price between AED1.30 and AED1.35 per share
Total offering size to reach between $496 million and $515 million
Banking & Finance
Saudi banks witness 8 percent surge in Q1 earnings, reaching $4.97 billion
The growth in earnings is driven by 11 percent lending growth and a rising interest rate environment
Saudi Arabia
Saudi Arabia emerges as key investor in Elon Musk’s $24 billion startup xAI
The startup recently announced its $6 billion Series B funding round which it will utilize to launch xAI’s first products in the market
Banking & Finance
Saudi Arabia sees $240 million in investments in Q1 2024: Report
E-commerce and retail sector retained its position as the leading industry in Saudi Arabia's venture landscape
Banking & Finance
Oman Central Bank issues T-bills worth $57.24 million
The interest rate on repurchase operations (repo) with the OCB for these T-bills is 6.00 percent
Real Estate
Sheikh Khaled inaugurates phase one of Abu Dhabi’s $844 million North Bani Yas housing project
The wider project, estimated at $2.53 billion, has been officially named Al Mizn Neighbourhood
Markets
Dubai’s IPO boom positions city as thriving hub for capital markets: Report
Privatization of state-related entities to support the initial phase of regional IPO growth
Economy
Saudi Arabia’s non-oil sector projected to grow 4.8 percent in 2024, 5.2 percent in 2025: Report
The Kingdom's GDP is expected to expand by 2.3 percent in 2024 and accelerate to 5.8 percent in 2025, the report said
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