World Bank
May 17, 2023

The World Bank has projected a growth rate of 4.8% for the UAE’s non-oil economy in 2023.

According to the latest World Bank Gulf Economic Update (GEU) titled “The Health and Economic Burden of Non-Communicable Diseases in the GCC,” the United Arab Emirates (UAE) is expected to witness positive economic growth in 2023. The World Bank projects that the country’s real Gross Domestic Product (GDP) will grow by 2.8 percent during the […]

CBUAE AED
May 17, 2023

According to the CBUAE, the total assets of banks in the country increased by 2.2% by the end of February 2023.

The Central Bank of the United Arab Emirates (CBUAE) has reported that the gross assets of banks, which include bankers’ acceptances

Emirates SkyCargo
May 17, 2023

Emirates SkyCargo and Air Canada have strengthened their cargo interline collaboration to enhance the transportation of cargo.

Emirates SkyCargo has announced a significant enhancement to its service offerings, allowing customers to effortlessly locate and book interline cargo shipments to key Canadian destinations, including Toronto

DCAA
May 17, 2023

The DCAA has entered into MoUs with Dubai Aviation City Corporation and Dubai Integrated Economic Zones.

The first MoU establishes a strategic partnership between the DCAA and Dubai Aviation City Corporation.

Bayanat
May 17, 2023

Bayanat, Yahsat, and ICEYE have joined forces to enhance the space ecosystem of the UAE.

In an exciting collaboration, Bayanat, Yahsat, and ICEYE have united their expertise to unlock new commercial opportunities within the burgeoning space ecosystem of the United Arab Emirates (UAE). By leveraging their combined strengths, these companies aim to propel the UAE’s space industry to new heights and drive economic growth in the region. Bayanat, a leading […]

Emirates NBD
May 17, 2023

Emirates NBD unveils the Digital Asset Lab and reveals the esteemed individuals who form the founding council.

Emirates NBD, a leading bank in the United Arab Emirates (UAE), has made an exciting announcement with the launch of the Emirates NBD Digital Asset Lab.

Jamjoom
May 16, 2023

Jamjoom Pharmaceuticals had a successful first day of trading as Saudi Arabia’s IPO market continues to thrive.

Jamjoom Pharmaceuticals Factory Co., a prominent generic drug manufacturer, witnessed robust demand as its initial public offering (IPO) in Riyadh attracted substantial investor interest.

Nintex
May 16, 2023

The launch of Nintex accelerates Saudi Arabia’s digital transformation efforts.

Saudi Arabia – In a significant development for Saudi Arabia’s digital transformation journey, Nintex, a US-based software company, has announced its plans to open its first regional office in the Kingdom. The move aligns with the goals set forth in Vision 2030 and signals Nintex’s commitment to supporting the country’s path toward digitalization. The expansion […]

Moody
May 16, 2023

Moody’s has revised Oman’s rating to Ba2 with a positive outlook.

Moody’s Investors Service has upgraded Oman’s issuer and long-term senior unsecured ratings to Ba2 from Ba3

Bahrain
May 16, 2023

Saudi Arabia and Bahrain Seek to Strengthen Bilateral Trade and Cooperation.

Saudi Arabia and Bahrain are poised to give a significant boost to bilateral trade as senior ministers from both nations convened in Manama on Sunday to reinforce cooperation in investment

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