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Category: Economy
Nasdaq Dubai has officially listed the Middle East’s first corporate Blue Bond, valued at $100 million, issued by DP World. This groundbreaking listing marks a significant step in the region’s sustainable finance progress. The bond, part of DP World’s $10 billion Global Medium-Term Note Programme, carries a coupon rate of 5.25 percent and will mature...
The UAE Central Bank has decided to maintain its current interest rate for the overnight deposit facility at 4.4 per cent. This move aligns with the US Federal Reserve’s recent decision to keep its rates steady, following three consecutive rate cuts. The decision reflects the UAE’s monetary policy approach, which closely follows the US model...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, led a meeting to review the Ministry of Finance’s achievements in 2024 and outline plans for 2025. The meeting emphasized the Ministry’s pivotal role in driving financial sustainability and supporting the UAE’s strategic...
India’s Minister of External Affairs, Dr Subrahmanyam Jaishankar, emphasized the importance of the Middle East for India’s strategic interests during his speech at the Raisina Middle East conference in Abu Dhabi. He described the region as being of “immense significance” to India, pointing to centuries of shared commerce, culture, and beliefs. Dr Jaishankar noted that...
The Department of Economic Development in Ajman (Ajman DED) has introduced a new project called the “Investor Statement,” designed to improve the investment climate in the emirate. The initiative aligns with Ajman Vision 2030’s goal of building a sustainable economy. The project will provide investors with regular electronic updates about their licences and permits. These...
The UAE has recently received significant regional and international recognition for its dedication to human rights, as the nation continues to implement legislative and regulatory reforms that align with its comprehensive development goals. Placing human rights at the center of its development strategies, the UAE aims to ensure dignity, welfare, and justice for all individuals,...
American Hospital Dubai has entered a long-term Value Partnership Agreement with Siemens Healthineers, a global leader in medical technology. This partnership aims to boost patient care outcomes through improved operational efficiencies and the introduction of advanced medical imaging technology. The agreement spans ten years and emphasizes a four-point plan to enhance workflow efficiency and patient...
Eagle Hills, a global real estate developer based in Abu Dhabi, has signed a Memorandum of Understanding (MoU) with the Government of Georgia to invest over $5.5 billion in two transformative urban projects. According to the Emirates News Agency, this partnership aims to reshape Georgia’s cities of Tbilisi and Batumi, focusing on sustainability, innovation, and...
Abu Dhabi is set to host the International Defence Exhibition (IDEX) and Naval Defence Exhibition (NAVDEX) from February 17 to 21, 2025, at the ADNEC Centre. Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, the exhibitions will feature a wide range of products across land, air, sea, and space, reinforcing...
Italy and Saudi Arabia have solidified a significant strategic partnership by signing agreements worth $10 billion. The announcement came after Italian Prime Minister Giorgia Meloni met with Saudi Crown Prince Mohammed bin Salman in AlUla, Saudi Arabia. One of the key deals involves Italy’s credit export agency, SACE, which committed to providing $3 billion in...