Browsing: Economy

In a move to broaden its network and enhance connectivity within the Middle East, Etihad Airways, the national airline of the United Arab Emirates, today announced the addition of Al Qassim, Saudi Arabia, to its growing list of destinations, increasing its total number of Saudi gateways to four. 

The initial three months of 2024 saw a notable change in investment patterns in Dubai’s residential property sector, with Indians once again taking the lead in investing in the city’s real estate market, surpassing the longstanding leaders, the British, according to insiders and recent research.

Dubai Electricity and Water Authority (DEWA) will host the 26th Water, Energy, Technology, and Environment Exhibition (WETEX) from the 1st to the 3rd of October 2024 at the Dubai World Trade Centre.

Atvos, one of Brazil’s leading producers of biofuels, announced on Wednesday that it has signed an agreement to construct a biomethane plant in the state of Mato Grosso do Sul.

Demand for online delivery services is on the rise in Saudi Arabia, as indicated by recent data published by the Kingdom’s commerce ministry.

French author Voltaire’s renowned adage, “with great power comes great responsibility,” served as the inspiration behind the launch of sustainable urban mobility start-up Eco Way in Dubai by serial investor and Ukrainian entrepreneur Ivan Kroshnyi.

The economy of Abu Dhabi’s private sector has expanded by 35 per cent to over $92B since 2016, reflecting the increasing significance of the emirate’s non-oil economy.

Commercial Bank International (CBI) has revealed its investment in zypl.ai, a fintech startup leading the way in applying generative AI in the lending sector

Forbes’ most recent World’s Billionaires list has unveiled an astonishing revelation: 2,781 individuals worldwide have attained the esteemed status of billionaire, amassing a combined net worth of $14.2T witnessing a staggering $2T surge from the preceding year.

Securities and Commodities Authority (SCA) of the UAE actively enforced a regulation (pdf) since last Sunday, prohibiting onshore banks from promoting or marketing foreign funds to retail investors. This regulation allows only funds registered with the SCA to be marketed in the UAE to retail investors.