The Ministry of Economy has announced the addition of two advanced technology companies to the UAE's NextGen FDI programme, which provides a suite of market-entry fundamentals to enable cutting-edge companies from around the world to establish or expand their operations in the UAE and contribute to the development of the country's knowledge economy.
Category: Economy
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Abu Dhabi Investment Office names HSBC as preferred international banking partner in Asia
The Abu Dhabi Investment Office (ADIO) has announced HSBC Bank Middle East in the UAE as their preferred international banking partner in Asia.
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Sharjah Chamber hosts Building Materials Forum, emphasises its support for construction sector
The Sharjah Chamber of Commerce and Industry (SCCI) hosted the Building Materials Forum, gathering key stakeholders and top professionals, including property suppliers, traders, consultants, contractors, and real estate developers.
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Emirates Perfumes Forum calls for enhancing cooperation between local, global fragrance manufacturers
The Emirates Perfumes Forum, hosted by Expo Centre Sharjah Saturday evening as part of the Emirates Perfumes and Oud Exhibition’s second edition, introduced the latest innovations shaping the future of the perfume industry.
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Sultan Al-Ahbabi joins Worldpay UAE Board
Worldpay, a leading payment technology company, has announced the appointment of Dr. Sultan Al-Ahbabi as an independent non-executive director and chair of its Worldpay UAE Board.
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Aviation sector shines with positive growth indicators on ‘UAE Civil Aviation Day’
H.H. Sheikh Dr. Sultan bin Muhammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, attended on Saturday, the launch of the third International Forum of Arabic Language Teachers organized by the Sharjah Private Education Authority in collaboration with the Sharjah Education Academy at the academy headquarters in the University City.
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Abu Dhabi breaks mortgage records in Q3, with AED13.5 bn in transactions
Abu Dhabi's mortgage market witnessed a robust 20% increase in Q3 2024, with transactions totalling AED13.5 billion across 2,594 deals. This marks the highest quarterly volume in several years.
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UAE participates in meetings of Council of Arab Central Banks, Monetary Authorities’ Governors
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), participated in the 48th regular session of the Council of Arab Central Banks and Monetary Authorities' Governors, held in Cairo under the patronage of Egyptian President Abdel Fattah El-Sisi, and attended by Prime Minister Dr. Mostafa Madbouly.
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Total profits of UAE insurance sector amount to AED2.5 billion in 2023: CBUAE
The Central Bank of the UAE (CBUAE) has announced that the total profits of the country's insurance sector amounted to AED2.5 billion in 2023, compared to AED1.96 billion in 2022. This increase was mainly driven by increase in net investment income of the insurance sector in 2023.
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UAE a strategic partner in supporting global, regional food security: FAO
Abdul Hakim Elwaer, FAO Assistant Director-General and Regional Representative for the Near East and North Africa, commended the UAE as a leading strategic partner in bolstering food security and promoting sustainable agricultural innovations amid escalating global and regional challenges.