His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the Board of Directors for Dubai Chambers, which serves as the umbrella organization for the Dubai Chamber of Commerce, the Dubai International Chamber, and the Dubai Chamber of Digital Economy. This approval was announced on February 6,...
The Central Bank of the UAE (CBUAE) celebrated significant achievements in 2024 across the financial, banking, and insurance sectors, setting a positive trajectory for the future of the UAE’s financial landscape. The CBUAE emphasized its role in fostering monetary and financial stability, managing reserves, and developing secure financial infrastructure through innovative digital solutions. These efforts...
Abu Dhabi Commercial Bank (ADCB) has unveiled an ambitious growth strategy that aims to double its net profit to Dh20 billion within the next five years. The bank targets an annual growth rate of approximately 20 percent during this period. Additionally, ADCB plans to increase its year-on-year paid-out dividends to around Dh25 billion, reflecting a...
His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the UAE, welcomed Georgian Prime Minister Irakli Kobakhidze on Monday during his working visit to the UAE. The meeting took place at Qasr Al Shati in Abu Dhabi, where both leaders engaged in discussions aimed at enhancing cooperation between the UAE and Georgia. The...
Ajman witnessed a major boost in its economy during 2024, with the Business Confidence Index (BCI) climbing to 135 points, according to the Department of Economic Development in Ajman (Ajman DED). This increase reflects growing optimism among businesses and investors about the emirate’s economic future. The BCI includes both current and future business confidence. While...