Abu Dhabi Commercial Bank (ADCB) has received an upgrade in its long-term issuer credit rating from S&P Global Ratings, moving from ‘A’ to ‘A+’ with a stable outlook. This upgrade emphasizes the bank’s robust financial position and high asset quality, placing ADCB among the top three highest-rated banks in the MENA region according to S&P....
Al Seer Marine and Damen International have formed a joint venture that has secured a substantial AED 1.3 billion contract with Tawazun Council. This partnership aims to enhance the UAE’s naval capabilities by manufacturing advanced Offshore Patrol Vessels (OPVs) over a four-year project period. The collaboration represents a significant step forward in bolstering the UAE’s...
The Real Estate Regulatory Agency (RERA), which is a subsidiary of the Dubai Land Department (DLD), has launched the ‘Tayseer’ initiative. This program is designed to make it easier for unit owners to pay their outstanding service fees, reflecting RERA’s commitment to enhancing global competitiveness and promoting community well-being. Under the ‘Tayseer’ initiative, unit owners...
A recent survey by PwC has revealed that 81 percent of CEOs in Saudi Arabia have embraced artificial intelligence (AI) within the past year. This statistic underscores the optimism among Saudi business leaders regarding their companies’ revenue growth, which they expect to outpace both regional and global averages in 2025. The Kingdom is establishing itself...
Abu Dhabi Global Market (ADGM), the primary International Financial Centre (IFC) in the capital of the UAE, has officially signed a Memorandum of Understanding (MoU) with Chainlink, a leader in on-chain finance. This partnership is a significant advancement in developing compliant frameworks for tokenization. The collaboration aims to support innovative projects under ADGM’s Registration Authority...
Dubai is set to host the “Mega Electronic Discounts” campaign, organized by the Dubai Festivals and Retail Establishment, from March 27 to March 30, 2025. This third edition of the event offers shoppers discounts of up to 95% over four days, with an additional day added for convenience. This year, the campaign introduces a completely...
Saudi Aramco, a leading integrated energy and chemicals company, has finalized the acquisition of a 50% equity interest in the Blue Hydrogen Industrial Gases Company (BHIG), based in Jubail. This partnership with Air Products Qudra (APQ) aims to enhance hydrogen production in the Jubail Industrial City, focusing on lower-carbon hydrogen solutions derived from natural gas....
The Central Bank of the UAE (CBUAE) has officially launched a new Dh100 banknote, which is now in circulation as of March 24, 2025. This new currency is made from polymer and features innovative designs along with advanced security elements aimed at enhancing consumer confidence. The new Dh100 banknote will circulate alongside the existing Dh100...
Abu Dhabi is set to welcome more than 25,000 participants, including prominent figures and top global investors, during the AIM Investment Summit 2025. The event, taking place under the theme “A Roadmap for Investment,” aims to explore the best investment opportunities available in various sectors. The summit will feature a diverse lineup of speakers and...
Investopia has recently signed seven new memoranda of understanding with major national institutions and global companies. This initiative aims to enhance knowledge collaboration and organize new editions of the “Investopia Global Dialogues,” which will be held with the participation of high-profile officials. The agreements were established to support various sectors and promote innovation within the...