The UAE banking sector is set to experience solid lending growth in 2025, supported by relaxed monetary policies and a favorable economic environment, according to a report by S&P Global Ratings, as cited by Zawya. Puneet Tuli, an analyst at S&P Global Ratings, mentioned that UAE banks have seen a significant rise in deposits over...
The Environment Agency – Abu Dhabi (EAD) has announced a new resolution to manage and assess soil pollution risks across the emirate. The decision aims to establish clear procedures for identifying and addressing soil contamination while promoting sustainable environmental practices. The resolution, issued under Law No. (16) of 2005, grants the agency authority to enforce...
Dubai’s Roads and Transport Authority (RTA) has introduced the “New Manager” program, an initiative aimed at equipping new managers with essential leadership skills. The program is part of RTA’s efforts to meet its strategic goals and empower Emirati talents with the expertise needed for leadership and supervisory roles. The program focuses on areas such as...
Abu Dhabi Ports Group has been honored with six prestigious awards at the Harvard Business Council Global Awards 2024, held earlier this month in Riyadh, Saudi Arabia. This recognition highlights the group’s dedication to innovation, operational excellence, and leadership in the global trade and logistics sector. The awards covered various categories, showcasing achievements across the...
H.H. Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, held a meeting with Cypriot President Nikos Christodoulides in Nicosia. During their discussion, both leaders addressed key regional and international issues, including the ongoing developments in the Middle East. The Cypriot President expressed his well wishes for the UAE...
The UAE and India have joined forces to enhance polar research, aiming to expand their understanding of the Arctic and contribute to global climate action. A Memorandum of Understanding (MoU) was signed between the UAE’s Emirates Polar Program and India’s National Centre for Polar and Ocean Research (NCPOR) during the 15th UAE-India Joint Committee Meeting....
Qatar has announced two ambitious plans to strengthen its non-oil economy and secure $100bn in foreign direct investment (FDI) by 2030. The strategies, reported by the state-run Qatar News Agency, are part of the Qatar National Vision 2030 framework and aim to promote sustainable growth while increasing the private sector’s contribution to the nation’s GDP....
DAMAC Group has joined hands with blockchain firm MANTRA in a groundbreaking move to tokenise $1 billion worth of real-world assets. The partnership aims to bring blockchain technology into the Middle East’s real estate market, offering new opportunities for investors through fractional ownership and easier access to high-value properties. The initiative will focus on token-based...
Mastercard has launched its new Crypto Credential service in the UAE and Kazakhstan, marking its first entry into the Eastern Europe, Middle East, and Africa (EEMEA) region. This innovative solution is designed to simplify and secure cryptocurrency transactions by replacing complex blockchain addresses with easy-to-use aliases. The system ensures transactions are processed only if the...
UAE banks are set to remain strong in 2025, supported by a robust domestic economy and favorable business conditions, according to a report by S&P Global Ratings. While lending growth is expected to pick up due to lower interest rates and an improving economic environment, bank profits may see a slight dip compared to previous...