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Emaar The Economic City (Emaar EC) has successfully obtained a loan of 1 billion riyals, equivalent to $267 million, from the Public Investment Fund (PIF) to support project costs and drive growth. This loan is part of the company’s Capital Optimisation Plan. The new financing represents an amendment to a prior agreement made in 2023...
Dubai has officially launched the pilot phase of its real estate tokenisation project, aiming to attract more investment into the property market. This initiative is designed to diversify ownership by enabling multiple investors to co-own a single property, which could open new avenues for investment in the real estate sector. The pilot project is part...
The United Arab Emirates (UAE) has developed a robust economic partnership with the United States, valued at $1 trillion. This relationship spans various sectors, including energy, technology, and healthcare. Recently, Sheikh Tahnoun bin Zayed Al Nahyan, the Deputy Ruler of Abu Dhabi and UAE National Security Adviser, held high-level discussions with US President Donald Trump...
Sheikh Tahnoon bin Zayed Al Nahyan, the deputy ruler of Abu Dhabi and UAE national security advisor, met with US President Donald Trump at the White House on Tuesday. They discussed ways to enhance economic and technological cooperation between the UAE and the United States. In a post on Truth Social, Trump stated that the...
Sheikh Tahnoun bin Zayed, the Deputy Ruler of Abu Dhabi and National Security Adviser, met with officials from the Trump administration and various business leaders on Monday. The discussions focused on enhancing economic partnerships, energy investments, and advancements in artificial intelligence. During the meeting, Sheikh Tahnoun emphasized the importance of deepening collaboration between the UAE...
The trade relationship between the UAE and the U.S. has strengthened significantly, with merchandise trade growing by 9.47% to reach $34.43 billion in 2024. This increase is up from $31.45 billion in 2023, highlighting a robust economic partnership that has developed over more than five decades. The recent visit of H.H. Sheikh Tahnoon bin Zayed...
Fayafi Investment Holding has introduced a new proprietary algorithm called MEKKA, which stands for Market Emotional Knowledge & Kinetic Analysis. This announcement was made in Dubai, where Fayafi became the first UAE firm to issue a bankable certificate under the framework of the SIX Swiss Exchange. Created by Fayafi’s Executive President Dr. Patrick Pilati in...
Abu Dhabi National Oil Company (Adnoc) is reportedly considering acquiring energy assets from the Mubadala Investment Company, according to sources familiar with the situation. Negotiations initially began late last year, but discussions have since stalled due to disagreements over asset valuation. The potential deal is estimated to be worth around $10 billion. Sources indicated that...
Ignite Energy Access, a prominent provider of Distributed Renewable Energy (DRE) solutions in Africa, has announced plans to establish its global headquarters in Abu Dhabi, following a strategic agreement with the Abu Dhabi Investment Office (ADIO). This collaboration aims to enhance job creation and support Ignite’s mission to connect 100 million people in Africa with...
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE, announced that the total value of Dubai’s endowment assets has reached AED 11.1 billion. This significant increase reflects the ongoing commitment of Dubai to enhance its endowment sector and...