S&P Global Ratings, the global credit rating agency, confirmed that the total assets of the global Islamic finance sector continue on a path of rapid growth, pointing to the sector's accelerated growth in the UAE last year due to the strong performance of the non-oil economy.
Category: Economy
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Abu Dhabi leaps 10 spots in 2024 Leading Maritime City Report
Abu Dhabi has secured its place within the top 25 maritime cities worldwide, jumpingan impressive 10 spots since 2022, ranking 22, the highest jump among all cities, according to the prestigious 2024 Leading Maritime City (LMC) Report, unveiled in Singapore.
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UAE corporate tax to bolster future economic sustainability: MoF
The UAE has initiated a transformative fiscal policy with the introduction of a federal corporate tax, aiming to cement its economic future’s resilience and prosperity. This strategic policy shift, outlined in Federal Decree-Law No. (47) of 2022, aligns with international tax standards and best practices, further solidifying the UAE's stature as a competitive global financial and business centre.
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Bin Touq leads UAE delegation participating in WEF Special Meeting in Riyadh
Abdullah bin Touq Al Marri, Minister of Economy, led the UAE delegation at the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth and Energy for Development in Riyadh, Saudi Arabia, which was held on 28th and 29th April. The delegation included Abdullah Ahmed Al Saleh, Under-Secretary at the Ministry of Economy.
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Dubai Real Estate Brokers Programme attracts over 1,000 citizens, 25 strategic partnerships with the private sector
Since mid-March, the Dubai Land Department (DLD) has received more than 1,000 registrations from Emirati citizens to implement the Dubai Real Estate Brokers Programme, a pivotal initiative under Dubai’s Social Agenda 33.
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Dubai SME rolls out financial assistance for businesses affected by exceptional weather conditions
Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a subsidiary of Dubai Department of Economy and Tourism (DET), has announced an initiative to support businesses affected by the recent adverse weather
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Russian gas production to gain 4.6% in 2024 — Economy Ministry
In 2024, natural gas production in Russia is expected to add 4.6% and climb to 666.7 bln cubic meters in the base case scenario, the Russian Ministry of Economic Development said in its socioeconomic development forecast for the country.
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Abu Dhabi Customs emphasises role of IP in driving national economic growth
Abu Dhabi Customs attaches great importance to the intellectual property (IP) sector, believing in its active role in supporting the growth of the national economy and enhancing its regional and global competitiveness, as well as its close link to achieving sustainable development goals.
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Ahmed bin Hamdan awards winners of Abu Dhabi Grand Kingfish Championship 2024
Sheikh Ahmed bin Hamdan Al Nahyan, President of the UAE Sailing and Rowing Federation, and Aref Hamad Al Awani, General Secretary of the Abu Dhabi Sports Council, have crowned the winners of the Abu Dhabi Grand Kingfish Championship 2024, which was held under the patronage of H.H. Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Abu Dhabi Sports Council.
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Rapid expansion of batteries will be crucial to meet climate and energy security goals set at COP28: IEA
After their deployment in the power sector more than doubled last year, batteries need to lead a sixfold increase in global energy storage to enable the world to meet 2030 targets.