The CBDC strategy was first unveiled in February as part of the central bank’s program to position the UAE as a global financial hub. The Central Bank of the UAE introduced its “The Digital Dirham” Central Bank Digital Currency [CBDC] strategy. The Central Bank of the United Arab Emirates (CBUAE) is getting closer to completely […]
The Dubai real estate market will stay resilient despite fears of a worldwide economic recession or a downturn in major economies this year. Dubai’s real estate industry has been a crucial engine of the UAE’s economic growth over the last few decades, attracting investors from all over the world with its opulent developments and tax-free […]
The United Arab Emirates has been in the spotlight for the past year due to a number of events, the most recent of which was the Dubai Expo, which attracted millions of visitors who were astounded by the country’s rapid advancement. The UAE is welcoming travelers from all over the world. While many international visitors set […]
The influence of the COVID-19 pandemic has caused some volatility in Dubai’s real estate market in recent years. Yet, the government has taken many steps to promote the industry and stimulate investment. The real estate market in Dubai is exhibiting signs of recovery, according to the Dubai Land Department’s Q4 2021 report, with total transactions […]
Dubai is stepping its attempts to become a worldwide industrial and manufacturing center, attracting big investments in critical areas such as aircraft, pharmaceuticals, and medical equipment, among others. Founded in 2004, Dubai Industrial City is home to over 750 firms and hundreds of innovative factories producing everything from auto parts to coffee employing fourth industrial […]
Dubai has a long history of being a hub for gold and silver trade, and it’s not uncommon for the city to release new coins as part of its ongoing efforts to promote its status as a center for precious metals. Dubai’s DMCC has unveiled prototypes of a new series of gold and silver bullion […]
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, led a delegation of more than 30 UAE business leaders on a visit to the Republic of Georgia. The delegation participated in the first UAE-Georgia Business Forum in Tbilisi, aiming to promote bilateral investment and trade opportunities and private-sector collaboration. The forum was […]
Mubadala Business Management Services (MDC BMS), a wholly-owned subsidiary of Mubadala Investment Company, has announced its rebranding to Solutions+, a Mubadala Company. The company’s core offerings will continue to support the back-office engine of major companies in the UAE and globally by providing crucial infrastructure functions such as operations and digital services. Solutions+ aims to […]
DP World Limited, a global port operator, has announced strong financial results for the year ending 31st December 2022. The company reported a revenue growth of 58.9%, which led to an increase in revenue of AED 23.31 billion ($6.35 billion) to AED 62.89 billion ($17.13 billion) on a reported basis. Earnings Before Interest, Taxes, Depreciation, […]
Abdulla Abdul Aziz Al Shamsi, the Acting Director-General of the Abu Dhabi Investment Office (ADIO), has highlighted the office’s global expansion over the past two years. During this period, ADIO has successfully opened eight representative offices in various global economic capitals, emphasizing the office’s efforts to attract more companies specializing in innovation and technology to […]
