Browsing: Economic growth

Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) significantly boosted its support for entrepreneurs and businesses in the first half of 2024, ensuring SMEs contribute to economic growth in Dubai.

British International Investment (BII), the UK’s development finance institution, has pledged up to $35M for the first phase of a new container port in the Democratic Republic of Congo (DRC). The Port of Banana will be the DRC’s first deepwater container port, enhancing the country’s access to global markets and unlocking significant trade potential.

Qatar Airways has acquired a 25 per cent stake in South Africa-based regional carrier Airlink as part of its strategy to expand across Africa.

ENOC High-Level Participation and Event Highlights In honour of International Youth Day, ENOC Group concluded…

Powered by a dynamic non-oil sector, the UAE, the Arab world’s second-largest economy, continues to experience strong growth, according to the Organisation of the Petroleum Exporting Countries (Opec).

Abu Dhabi Global Market (ADGM), the UAE capital’s international financial centre, has sustained its remarkable growth, recording exceptional performance in the first half of 2024.

The first half of 2024 has proven to be a landmark period for Abu Dhabi’s…

UAE’s economy is experiencing significant growth, particularly in non-oil sectors such as real estate, tourism, and manufacturing, according to the Organisation of the Petroleum Exporting Countries (OPEC).

Dubai’s Roads and Transport Authority (RTA) reported that public transport and shared mobility options in Dubai—including Metro, Tram, buses, marine transport, Taxis, and e-hail vehicles—served approximately 361.2 million users in the first half of 2024. This reflects a 6 per cent increase from the 340.5 million users recorded during the same period in 2023. The average daily ridership rose to 1.98 million from 1.88 million in 2023.

In a significant move, Saudi Aramco has agreed to purchase an additional stake in PetroRabigh…