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Category: Economy
Madagascar is actively working to deepen investment cooperation and enhance its relationship with the United Arab Emirates (UAE). This initiative was highlighted by Madagascar’s Foreign Minister, Rafaravavitafika Rasata, during her visit to the Emirates as part of a high-level delegation attending a two-day business forum. The Madagascar Business Forum, held in Dubai, gathered over 60...
TSMC is currently assessing the possibility of constructing an advanced production facility in the United Arab Emirates. The company has already engaged in discussions regarding this potential project with officials from the U.S. government, specifically during the administration of President Donald Trump, as reported by Bloomberg’s Mackenzie Hawkins and Jenny Leonard. In recent months, TSMC...
The Ministry of Industry and Advanced Technology (MoIAT) and Sinaha, an e-commerce platform dedicated to promoting Emirati-made goods, have forged a partnership aimed at enhancing the competitiveness of national products. This collaboration is set to design a national digital platform that will highlight products bearing the “Made in the Emirates” mark, establishing a unified national...
The UAE Media Council has unveiled a new regulatory framework for the country’s media sector, which was announced on Thursday. This comprehensive system applies to various areas, including traditional publications, content creators, and social media influencers. It introduces a set of 20 content standards that all media organizations must adhere to, emphasizing respect for all...
The Abu Dhabi Investment Office (ADIO) has signed a strategic agreement with the Tokyo Metropolitan Government’s Bureau of Industrial and Labor Affairs. This partnership aims to strengthen economic ties and promote growth between Abu Dhabi and Tokyo. Credit: Abu Dhabi Media Office Under this agreement, both parties will collaborate on various initiatives that can enhance...
Egypt has successfully attracted investments exceeding $47 billion from more than 1,800 American companies over the past two decades. This information was disclosed by Prime Minister Mostafa Madbouly during the US-Egypt Policy Leaders Forum. The Prime Minister highlighted that these American firms operate in a variety of sectors, including energy, industry, information technology, financial services,...
The United Arab Emirates has ranked 10th globally in a report measuring the soft power influence of 193 nations, which is notably impressive given its position of 27th by GDP, 86th by population, and 116th by geographical area. This ranking places the UAE ahead of its Gulf neighbors, with Saudi Arabia at 20th, Qatar at...
The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) has announced a reduction in key interest rates by 100 basis points (bp). This decision was communicated through a press release issued on May 22nd. As a result of this cut, the overnight deposit rate now stands at 24%, while the overnight lending rate has...
Dubai’s stock index has reached new 17-year highs this week, driven by rising first-quarter earnings and a strong non-oil economy that has attracted investors to UAE stocks over the larger Saudi market. The Dubai Financial Market General Index has seen a notable increase, highlighting the growing investor confidence in the region. In contrast, Gulf markets,...
Abu Dhabi is actively seeking to establish partnerships in the water sector with France. A high-level government delegation led by Dr. Abdullah Hamid Al Jrawan, Chairman of the Department of Energy in Abu Dhabi, attended the Global Water Summit to discuss potential collaborations. The delegation included representatives from various water and electricity companies based in...