Dubai has long been renowned for its pro-business environment and is now making further strides to attract foreign investment with the launch of Dubai Investment Week.
The FTSE 100 index rose 0.6% to close at 7,043 points, its highest level since mid-March.
e&’s has announced a dividend per share of Dh0.4 for the second half of 2022, confirming its commitment to delivering value to its shareholders.
The recent surge in gold prices in Dubai has caused concern among investors and gold enthusiasts alike. The hike can be attributed to a variety of factors, including global economic uncertainty and geopolitical tensions in the Middle East.
Saudi Arabia’s industrial production rose 6% in February, largely driven by higher Mining and an increase in production from the non-metallic mineral products and food and beverages industries.
Led by the Saudi Finance Minister, the delegation aims to discuss key issues such as economic recovery from COVID-19, economic reforms, climate change, and debt sustainability.
The “Made in Saudi” program is helping to promote local industries within the country while also strengthening economic ties with its neighbor, Iraq.
The latest Purchasing Managers’ Index (PMI) data suggests that Dubai’s non-oil private sector and S&P Global is recovering from the impact of the pandemic.
The partnership between Mashreq and ADX is a significant milestone for the UAE’s financial services sector, as it represents an opportunity to further develop the country’s financial ecosystem and attract more foreign investment.
The UAE and Saudi Arabia are set to lead the Middle East’s growth in AI spending, with the highest rate in the world.