Browsing: Economic growth

Dubai Taxi Company (DTC) has released its financial results for the first half of 2024, demonstrating strong performance with notable growth across all operational areas.

Non-oil business activity in the UAE grew at its slowest rate in nearly three years in July, as competitive conditions, rising price pressures, and capacity overloads affected performance, according to a survey released on Monday.

Dubai, – Non-oil business activity in the UAE experienced its slowest growth in nearly three…

Dubai, UAE – In a significant move to enhance financial inclusion and literacy among the…

Banks in the GCC region are showing a strong desire to expand their presence in major regional markets, particularly Turkey, Egypt, and India, according to Fitch Ratings on Tuesday. This is driven by improved economic conditions and growth opportunities in these target markets.

Abu Dhabi saw the non-oil sector reach record levels, with a AED 154.7B ($42.1B) contribution to GDP, according to official figures.

Sharjah Fish Resources Authority convened with the Sharjah Foundation for Supporting Young Entrepreneurs (RUWAD), an affiliate of the Sharjah Economic Development Department, to explore avenues for bolstering national entrepreneurial ventures in the fisheries sector. They discussed launching structured awareness and media campaigns to enhance the visibility of their production resources in the market.

Emirates NBD has reported a record profit of AED 13.8 billion ($3.76 billion) for the…

Dubai Investments has begun the development of DIP Angola, a transformative mixed-use project covering 2,000 hectares in the Dande province, 50 kilometers from Luanda. Set to be Angola’s first fully integrated economic zone, DIP Angola is all set to create a new example in the region’s urban planning and economic growth. 

Dubai-based property giant DAMAC Group has bolstered its investment in the thriving artificial intelligence (AI) sector through a $50m deal with Anthropic. The conglomerate has also made substantial investments in xAI, an American AI startup founded by Elon Musk, and Mistral, a French AI firm.