The United Arab Emirates (UAE) and Saudi Arabia have recently enhanced their tourism collaboration by signing several agreements aimed at increasing travel and cultural exchange between the two nations. These agreements were formalized during a meeting held in Abu Dhabi, which included discussions on joint promotional strategies and initiatives to boost tourism. Credit: UAE Ministry...
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...
First Abu Dhabi Bank (FAB) has emerged as the third-largest banking institution in the Middle East and Africa, with a market capitalization of $41.54 billion. This advancement was marked by a modest increase of 0.6 percent in its market value, reflecting the bank’s competitive standing in a robust financial landscape. The total market capitalization of...
The 14th edition of the AIM Congress commenced today in Abu Dhabi, focusing on the theme “Mapping the Future of Global Investment: The New Wave of a Globalised Investment Landscape – Towards a New Balanced World Structure.” This event will take place until April 9 at the Abu Dhabi National Exhibition Centre (ADNEC) and is...