MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Its net profit spiked to US$3.7 billion in 2023.
By the end of 2022, the UAE is expected to attract more than 4,000 high-net-worth individuals, mostly from India, Russia,...Around 25 percent of GCC's millionaires are moving to the UAE. At the same time, others are relocating to other regions like the UK, US and Europe.
The total private wealth of the wealthy in the UAE increased by US$46 billion between 2019 and 2021, to nearly US$917 billion, according to a Global Citizens report.
BERLIN, GERMANY - German investor confidence fell in September for a third straight month, a closely watched survey showed on...The ZEW institute's economic expectations index dropped 6.6 points from the previous month to minus 61.9 points.
For its survey, ZEW quizzes experts about the current economic situation and the outlook for the coming six months.
India, the incoming President of the Group of Twenty (G-20) announced that it will invite the UAE as one of...The G-20 accounts for 85 percent of global GDP, 75 percent of international trade and two-thirds of the world population.
This is the first of a series of announcements being made by India preparatory to its assumption of the G-20 Presidency on December 1, 2022.
A UAE economic delegation led by Minister of State Ahmed Ali Al Sayegh visited Tbilisi, Georgia.UAE-Georgian economic relations have witnessed remarkable development in recent years.
Total non-oil trade between UAE and Georgia in 2020 and 2021 grew by 52 percent to reach US$223 million.
UAE's Telecommunications and Digital Government Regulatory Authority (TDRA) has announced that it has become a member of the European Foundation...Telecommunications and Digital Government Regulatory Authority will support the implementation of EFQM's leading approach.
TDRA will utilize the integrated services provided by the EFQM to better equip its own teams to drive excellence.
The previous cap on foreign ownership was 49 percent.Tabreed is majority-owned by Abu Dhabi's state-owned fund Mubadala.
Khaled Abdulla Al Qubaisi, Chairman Tabreed, said the move is expected to “provide greater opportunities to benefit from foreign investment".
Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares...All shares to be offered shall represent the sale of existing shares held by the Government of Dubai
The CEO of Salik believes the growth of the city is in tandem with the growth of Salik, and this offering represents an exciting opportunity for investors
Well-wishers descended on London's vibrant Columbia Road flower market to snap up colorful bouquets after Britain's longest-serving monarch died last...Demand was "significantly high" in recent days, particularly for the queen's favorite white lilies, according to the British Florist Association
Mourners are asked to stop leaving non-floral objects like balloons, lit candles, and soft toys resembling Paddington Bear
Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening. The US consumer...The US Federal Reserve will lean "hawkish," raising rates by 75 bps in September and 50 bps both in November and December, before a final 25 bps hike in early 2023
Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening, Qatar National Bank says in its weekly report
- The fourth auction, which witnessed the first issuance of five-year T-Bonds saw a strong demand through the six primary bank...
Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, stated that the new five-year T-Bonds will contribute to strengthening the local debt capital market
In May 2022, the UAE issued the dirham denominated T-Bonds of the UAE Government (T-Bonds), in two and three year tenures.
