India’s objective of adding 500 gigatonnes of sustainable energy in the next seven years is both real and powerful. As one of the largest renewable energy investors, the UAE and Masdar (a renewable energy investment firm) will explore all opportunities for collaboration with India to contribute to its high-growth-low-carbon path.
Dubai is one of the world’s most ‘cheap’ luxury residential marketplaces. The Palm Jumeirah, one of Dubai’s most prestigious locales, has seen prime price growth of more than 100% since the pandemic began. Premium home prices in Dubai’s most desirable neighbourhoods surged 89% in the last year, although prices are growing from a low foundation.
According to recent data, Dubai’s thriving real estate sector is expected to rise by 46 percent next year. According to Realiste data, home prices in Dubai have increased by 20-40% in the last year. Other localities had considerably greater growth. Palm Jumeirah, for example, increased by 59 percent, while Trade Center First increased by 210 […]
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 […]
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 […]
The OPEC Fund for International Development (OFID) has approved more than $300 million in financing in the first quarter of 2023, in support of its Climate Action Plan. The OPEC Fund is committed to ensuring a positive impact on people and the planet through its efforts in Africa, Asia, and Latin America. Three out of […]
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 […]
Emirates NBD Securities, the brokerage arm of Emirates NBD Group, has become the first securities brokerage in the region to offer seamless trading account opening through the Dubai Financial Market (DFM)’s digital onboarding application. This new application provides investors with an additional channel to open a trading account with Emirates NBD Securities, allowing them to […]
The TECOM Group, a Dubai-based developer and operator of business communities, announced the approval of their financial statements for the year ending on December 31st, 2022. During the Annual General Assembly Meeting at Dubai Internet City, the Board of Directors approved a cash dividend of AED200 million for April 2023, bringing the total amount of […]
Dubai Electricity and Water Authority (DEWA) has achieved impressive results in the latest Brand Finance rankings. DEWA’s brand value increased by 30% and the company was named as the second most valuable Middle Eastern utilities brand. The Brand Guardianship Index 2023 issued by Brand Finance also ranked Saeed Mohammed Al Tayer, MD and CEO of […]
