London, United Kingdom -- Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the...
- New York, United States -- The global commercial aviation fleet will stand just under 50,000 planes in 2044, with most...
Dubai, UAE--The UAE has unveiled what it calls as the next generation of future design tools, enabling government entities to...The network released a guidebook that will be a reference for national institutions to craft initiatives aligning with global transformation trends
The platform will encourage government entities to adopt future-proof practical projects, prioritize future-supporting projects and support cooperation
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has noted with satisfaction the persistent credit appetite of...The apex bank noted the strong liquidity and funding positions of the UAE banking system in the first quarter of 2023, supported by strong deposit growth
It revealed that the net NPL ratio moderated from the peak during the Covid-19 pandemic to 2.9 percent in Q1, showing a rise in credit growth and a fall in NPLs
Dubai, UAE - Dubai International Chamber, one of the three chambers operating under Dubai Chambers on Wednesday marked the official...The new office further strengthens the UAE’s growing trade links with Africa and will seek to boost the level of bilateral investments between Dubai and South Africa
A total of 777 South African companies were registered with Dubai Chamber of Commerce by the end of 2022, representing growth of 77 percent since 2016
The energy company will pay US$462 million for the buyout.TAQA will pay 50 percent of the amount on completion of the deal and the remaining 50 percent will be paid a year later
The acquisition is expected to add some US$4.35 billion to TAQA's exisiting regulated asset value of approximately US$20.42 billion
- Dubai, UAE - Pakistan has taken steps to finalize a deal with the United Arab Emirates (UAE) for the handover...
The decision was made during a meeting chaired by Finance Minister Ishaq Dar, held by the Cabinet Committee on Inter-Governmental Commercial Transactions
To facilitate the negotiation process, a committee has been formed to establish a commercial agreement between the Karachi Port Trust (KPT) and the UAE government
- It is expected to propel Qatar as an investment hub.
The new platform aligns with the advanced financial market technologies deployed by exchanges like London Stock Exchange Group
A multi-asset, multi-market, trading platform, it will provide wide support a range of asset classes including equity, fixed income, and derivatives
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) announced on Tuesday that the Money Supply aggregate M1...Total Bank Deposits increased by 1.9 percent, rising from $626.47 billion at the end of March 2023 to $638.73 billion at the end of April 2023
The Money Supply aggregate M2 climbed by 2.0 percent, from $485.57 billion at the end of March 2023 to $495.47 billion at the end of April 2023
The EU also lauds the exceptional execution of FIFA 2022 in Qatar. It helped refine Qatar's reputation and correct misconceptions....European Union commends Qatar's successful organization of FIFA World Cup and its positive impact
The bloc has also vowed to strengthen relations with Islamic countries and combat hatred against Islam
- Ankara, Turkey - Turkish government has announced a 34 percent increase in the monthly minimum wage, effective from July 1. ...
The decision was reached by the minimum wage assessment commission, following negotiations between workers and employers
President Tayyip Erdogan, who was re-elected, has indicated a willingness to implement interest rate hike in an attempt to stabilize the economy
DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released...The market also recorded 130 mortgage deals totaling US$732 million and 21 gift deals amounting to US$59.5 million.
The sales included 566 villas and apartments worth US$394 million and 72 land plots worth US$109 million.
