The United Arab Emirates is hosting a significant dialogue aimed at enhancing women’s economic empowerment within the Gulf Cooperation Council (GCC). This initiative, known as the ‘GCC Knowledge Exchange Workshop,’ is a collaborative effort between the UAE Gender-Balance Council and the World Bank. The two-day workshop focuses on advancing regional policies and strategies that support...
Global investment giant International Finance Corporation (IFC), part of the World Bank, has invested $12 million in Play Ventures Inc., a leading company in immersive media. This funding is part of Play Ventures’ pre-series C round, aimed at enhancing its capabilities in the rapidly growing immersive media sector. Play Ventures Inc. is incorporated in South...
The UAE will participate in the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, scheduled from April 21 to 26 in Washington, D.C. The delegation will be led by Mohamed bin Hadi Al Hussaini, the Minister of State for Financial Affairs, and will include representatives from the Ministry...
Indians working abroad transferred a remarkable total of $129.4 billion back to India in 2024, marking a significant milestone in remittance inflows. The October to December quarter alone saw the highest-ever inflows, amounting to $36 billion, according to recent data from the Reserve Bank of India (RBI). India remains the leading country in receiving remittances,...