The SME financing landscape in the United Arab Emirates has been evaluated at approximately $30 billion, reflecting a robust foundation for ongoing growth. This insight comes from a detailed market analysis conducted by Ken Research, which highlights the prevailing financing gaps and investment opportunities that exist within the country’s dynamic SME sector. Given the rapid...
The Abu Dhabi Chamber of Commerce and Industry has recently achieved important ISO certifications, demonstrating its commitment to enhancing institutional resilience and operational excellence. Specifically, the Chamber garnered the ISO 22301 certification for business continuity management, alongside the ISO 31000 certification for risk management, marking a significant milestone in its strategic initiatives. By obtaining these...
Ajman Bank has successfully launched and listed a USD 300 million Additional Tier 1 (AT1) Perpetual Sukuk on Nasdaq Dubai, marking a significant milestone for the financial institution as it diversifies its capital structure. This inaugural transaction for Ajman Bank underscores the growing trend of sukuk issuances within the region, reflecting the bank’s commitment to...
Micro, small, and medium-sized enterprises (MSMEs) are increasingly recognizing the potential of eCommerce as a catalyst for growth. In today’s digitally driven marketplace, having an online presence is not just an option but a necessity for MSMEs to survive and thrive. By adopting eCommerce solutions, these businesses can expand their reach, access new markets, and...
The latest labor market analysis reveals a 3% drop in job openings across the Gulf region, highlighting the impact of ongoing geopolitical tensions on hiring strategies. This decline signals a notable shift in labor demand as companies reassess their growth plans in light of instability. Qatar has experienced the most significant downturn, according to report...
The United Arab Emirates has witnessed a remarkable recovery in its crude oil production, with output soaring to 3.8 million barrels per day (bpd). This surge is primarily attributed to the resurgence of export operations and enhanced field production activities following recent setbacks. Fujairah, a key terminal for the UAE’s oil exports, has played a...
The state of Madhya Pradesh has reached a significant milestone in its aviation sector with the launch of its first international flight, connecting Indore to Abu Dhabi. This historic step, flagged off by Chief Minister Mohan Yadav, comes as part of a broader initiative to enhance regional connectivity and promote economic growth through improved air...
Burjeel Holdings, a healthcare group listed in Abu Dhabi, has successfully launched its first sukuk, raising $500 million to enhance its expansion efforts in Saudi Arabia. The issuance attracted significant interest, garnering $1.6 billion in demand, which indicates a robust appetite for Islamic finance instruments among global investors. The sukuk was notably oversubscribed, with 61%...
The global oil market is currently grappling with a complex set of challenges arising from geopolitical tensions, strategic decisions by OPEC+, and evolving consumer demand patterns. Uncertainties surrounding these factors create a precarious environment for oil-producing nations and importing countries alike, necessitating a proactive approach to energy strategy. India, for instance, finds itself at a...
Crude oil prices have experienced a notable increase as military tensions between the United States and Iran escalate. The rise follows a series of renewed attacks between the two nations, further straining their already fraught relations. As of 7:00 AM on July 15, West Texas Intermediate (WTI) crude oil was priced at $80.01 per barrel,...