Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, delivered robust growth in the first half of 2022. The Centre’s strong performance reinforces DIFC’s Strategy 2030 to drive the future of finance, differentiate Dubai as a global hub for financial institutions, FinTech and innovation […]Read More
As the world loses more than $2 trillion annually due to illicit trade, which drains countries of valuable resources and impedes sustainable development, UNCTAD will host its second Illicit Trade Forum on 6 and 7 September, providing a platform for countries to collaborate on tackling this menace to development. The event to be held in […]Read More
GULF [GulfCoin], a project that revolves around the ground breaking BEP-20 coin developed to honor GULF countries for their contributions towards crypto adoption, is approved from Dubai and five other countries. GulfCoin runs on the Binance Smart Chain [BSC], and was developed by a multinational team comprising some of the most talented people in the […]Read More
The Dubai International Financial Centre (DIFC) announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide. DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to […]Read More
Dubai CommerCity, part of the Dubai Integrated Economic Zones Authority (DIEZ) and the region’s first and leading e-commerce free zone, signed a Memorandum of Understanding (MoU) with Dubai Culture and Arts Authority (Dubai Culture) to create a healthy ecosystem and further stimulate the growth of Dubai’s creative sector and enhance the emirate’s attractiveness as a […]Read More
Dubai Aerospace Enterprise (DAE) Ltd today has reported an increase of 186 percent in its profit for the first six months of this year, reaching US$140.1 million. According to the company’s financial results, cash flows from operating activities increased by 36 percent to $678.5 million. The company reported available liquidity of US$2.7 billion, saying that […]Read More
Abu Dhabi Airports Free Zone (ADAFZ), a wholly owned subsidiary of Abu Dhabi Airports, announced that Servomex, the global expert in gas analysis, officially launched its operations at the airport freezone. As a leading provider of reliable, accurate and stable gas measurement solutions to industries worldwide, Servomex will provide essential gas-related services to the local […]Read More
ADNOC Distribution, the UAE’s largest fuel and retail distributor, today announced that it has entered into an agreement with “TotalEnergies Marketing Afrique SAS” to acquire a 50 percent stake in TotalEnergies Marketing Egypt LLC (TotalEnergies Egypt) for about US$186 million, with an additional earn-out of up to US$17.3 million. The partnership with TotalEnergies, a leading […]Read More
A delegation from the Philippine Business Council, headed by Chairman, Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi. Welcomed by Mohamed Helal Al Mheiri, Director-General of the Abu Dhabi Chamber, both sides discussed strengthening bilateral relations between Abu Dhabi […]Read More
The gross value of interbank fund transfers through UAE Fund Transfer System (UAEFTS) reached to AED3.96 trillion in the first four months of 2022, an increase of 26.2 percent over the corresponding period in 2021, according to statistics released by the Central Bank of the United Arab Emirates (CBUAE) today. Statistics noted that March was […]Read More
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