The International Monetary Fund (IMF) has issued a positive outlook for the United Arab Emirates’ economy, projecting a strong real Gross Domestic Product (GDP) growth of 5.1% for the year 2025. This forecast, released as part of the IMF’s latest regional economic outlook, highlights the continued economic momentum within the Emirates, driven by a combination […]
The United Arab Emirates is projected to maintain its position as the fastest-growing economy within the Gulf Cooperation Council (GCC) for both 2024 and 2025, according to the latest economic forecasts from various international and regional institutions. This sustained growth leadership underscores the success of the UAE’s proactive diversification strategies, robust non-oil sector performance, and […]
Dubai Electricity and Water Authority (DEWA) is making significant strides in its commitment to sustainability, with its ambitious $408 million (AED 1.5 billion) new headquarters building, dubbed “Al Shera’a” (The Sail), on schedule for completion in the fourth quarter of 2025. This landmark project is poised to become the world’s tallest, largest, and smartest energy-positive […]
The United Arab Emirates has emerged as one of the most influential investors in Africa, pouring billions of dollars into infrastructure, energy, logistics, and technology projects across the continent. Driven by economic diversification strategies, geopolitical interests, and Africa’s growing economic potential, the UAE’s investments are reshaping trade dynamics and strengthening diplomatic ties. Yet, as the […]
The banking sector across the Gulf Cooperation Council (GCC) is experiencing a period of rapid expansion, driven by economic diversification, rising oil revenues, and digital transformation. As the region navigates global economic shifts, banks in the UAE, Saudi Arabia, Qatar, and beyond are poised to capitalize on new opportunities while addressing emerging challenges. With rising […]
Dubai’s reputation as a global business hub and a magnet for expatriates continues to strengthen. The city’s population surged past 3.65 million in 2024, a sharp rise driven by economic expansion, relaxed visa policies, and increasing global interest in the UAE’s tax-friendly environment. Yet, this rapid growth has sparked a critical issue: while demand for […]
In a move signaling growing confidence in the Middle East’s financial markets, global investment management firm Barings has announced plans to open an office in Abu Dhabi, just months after establishing operations in Dubai. The expansion marks a strategic push into one of the world’s fastest-growing asset management hubs, positioning Barings to tap into the […]
Dubai has secured 12th place in the latest Global Financial Centre Index (GFCI 37), solidifying its position as a leading financial center in the Middle East and Africa region. This is a significant achievement for Dubai, which has been steadily climbing the GFCI rankings in recent years. The GFCI is a valuable tool for policymakers […]
Emirates NBD, one of the leading banks in the United Arab Emirates, has recently partnered with BlackRock, a global investment management corporation, to provide its wealth management clients with access to private market investments. This collaboration aims to offer UAE investors opportunities in alternative asset classes, focusing initially on private credit and multi-alternatives. The partnership […]
Dubai, UAE – March 24 – The Central Bank of the UAE (CBUAE) has unveiled a new AED 100 banknote, marking a significant milestone in the country’s commitment to innovation and sustainability. The new note, made of durable polymer, incorporates cutting-edge security features and boasts an environmentally friendly design. Key Features of the New AED […]
