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Financials and Investment News in United Arab Emirates

State of UAE Retail Economy Q4 Report Reveals Consumer Spending Growth of 19% in 2022
3/18/2023 -  Majid Al Futtaim, a leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, today released its ‘State of the UAE Retail Economy’ Q4 report, which revea...
World Bank Executes Its Largest Catastrophe Bond And Swap Transactions
3/18/2023 - The International Bank for Reconstruction and Development (IBRD), today priced a joint catastrophe bond and swap transaction that provides a total of $630 million of earthquake insurance coverage to t...
24 Dubai Companies Join Dubai International Chamber's New Horizons Trade Mission to Kazakhstan
3/19/2023 - Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has arrived at Kazakhstan, the second destination in the New Horizons Trade Mission to Central Asia.

T...
UAE, China Review Enhancing Joint Investment Opportunities in New Economic Sectors
3/19/2023 - Abdullah Ahmad Al Saleh, Under-Secretary of the Ministry of Economy, held a bilateral meeting with Zhang Xiangchen, Deputy International Trade Representative for the People's Republic of China, on the...
Dubai Business Women Council Board Meeting Discusses Upcoming Projects
3/23/2023 - The Dubai Business Women Council (DBWC), has held its first periodic board meeting for 2023, chaired by Dr. Raja Easa Saleh Al Gurg, Founder and President of DBWC, alongside board members of the counc...
Oman Central Bank Increases Repo Rate By 25 Bps
3/23/2023 - The Central Bank of Oman (CBO)increased its repo rate for local banks at the rate of 25 basis points to 5.50%.

In a statement, the bank said that this decision was taken following the US Fe...
India And Saudia Arabia to Create Investment Bridge
3/23/2023 - India and Saudi Arabia are jointly working to create an “investment bridge” for accelerating pending bilateral investment projects and facilitating investors.

Deliberations towards this obj...
Real GDP Growth Projected to Expand By 4.3 Percent in 2024: Central Bank
3/27/2023 - The Central Bank of the United Arab Emirates has projected the country's annual real GDP growth to expand by 4.3 percent in 2024.

"After three quarters of high growth, the UAE’s economy mai...
Global Hospitality Providers Head to Dubai As Regional Industry Plans Multi-Billion Investments
3/27/2023 - Major worldwide players will gather in Dubai from 23th to 25th May at The Hotel Show – the undisputed flagship for, and gateway to, the Middle East’s multi-billion-dollar hospitality industry – as the...
TAQA Establishes New Green Finance Framework
4/12/2023 - Abu Dhabi National Energy Company (TAQA) announced today that it has launched a new Green Finance Framework for the issuance of green bonds, sukuks, loans, and other debt instruments.

Proce...
Global Forum Spotlights Actions to Make Trade More Sustainable And Inclusive
5/7/2023 - UNCTAD will host the third UN Trade Forum on 8th and 9th May 2023 to identify trade policies that can help countries grow their economies while tackling pressing global challenges and accelerating pro...
Emirates Development Bank Seeks to Promote Financial Inclusion of Smes
5/13/2023 -  Emirates Development Bank (EDB), a key financial engine of the UAE’s economic development and industrial advancement, has successfully concluded its participation in the Annual Investment Meeting, he...
EU's Imports in High-Tech Products Worth €482 Billion, Exports at €446 Billion
5/13/2023 -  In 2022, the EU imported €482 billion worth of high-tech products from extra-EU countries (+22% compared with 2021), according to an estimate published by Eurostat, the statistical office of the Euro...
AD Ports Group Reports AED1,817 Million in Q1 Revenue
5/15/2023 -  AD Ports Group today said its revenue grew 73% YoY to AED1,817 million in Q1 2023.

In a statement, the Group said the growth is driven by the robust performance of its Maritime, Economic C...
Shurooq Announces Major Progress on Three Key Real Estate Ventures in Sharjah at ACRES 2023
5/20/2023 -  As leading global consultancies predict the UAE’s real estate sector to remain resilient throughout 2023, the Sharjah Investment and Development Authority (Shurooq) is successfully delivering on comp...
ADDED Partners With Valeo to Establish Automotive Technology Hub in Abu Dhabi
6/17/2023 - Abu Dhabi Department of Economic Development (ADDED) has partnered with Valeo to develop the automotive industry in Abu Dhabi by establishing a technology hub to manufacture autonomous and electric ca...
Second Global Parliamentary Summit Reaches Historic Pact Against Hunger and Malnutrition
6/17/2023 - The Second Global Parliamentary Summit against Hunger and Malnutrition closed in Chile with a new Global Parliamentary Pact to work towards the transformation of agrifood systems and to promote the ri...
Mohamed Bin Zayed: Ambitious Economic Vision for Uae Centennial 2071
6/25/2023 - The emirate of Sharjah's real estate activity during May 2023 logged a total value of AED 2.4 billion, futher enhancing Sharjah's position as an ideal destination for investors, businessmen, and famil...
UAE GDP Grows By 7.9% in 2022
6/25/2023 - Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the UAE's gross domestic product (GDP) for 2022, issued by the Federal Competitiveness and Statistics Centre, re...
Ministry of Climate Change Launch 'Sustainable Fintech Pledge'
6/25/2023 -  The Ministry of Climate Change and the Environment (MOCCAE), and the Middle East and North Africa Fintech Association (MFTA), announced the launch of the Sustainable Fintech Pledge today, aimed at in...

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