Agility Global, a company listed in Abu Dhabi and a subsidiary of Agility Public Warehousing Company, has secured a $500 million credit facility. This financial agreement is aimed at supporting the company’s ongoing operations and facilitating future growth. The credit facility has a maturity period of three years from the signing date, which is set...
The Abu Dhabi Global Market (ADGM) has reported strong financial results for the first quarter of 2025, showcasing significant growth and enhanced global recognition. This robust performance continues the upward momentum that began with a record-breaking year in 2024. Credit: Economy Middle East The ADGM emphasized its commitment to fostering a dynamic financial ecosystem that...
The UAE’s insurance sector is projected to see significant growth in 2025, with expectations of expansion between 10 percent and 20 percent. This follows an estimated growth of 20 percent in 2024, as indicated by S&P Global Ratings. S&P also noted that other Gulf countries are likely to benefit from favorable growth conditions in their...
The UAE marked a major milestone in 2024 by surpassing one million annual air traffic movements, as confirmed by the General Civil Aviation Authority (GCAA). The record was achieved on December 22 with the arrival of Emirates Flight 305 from Shanghai. This achievement highlights a 10.3% growth in air traffic compared to 2023. As reported...