Browsing: growth

Abu Dhabi Future Energy Company PJSC (Masdar), the UAE’s leading clean energy firm, has partnered with TotalEnergies and EPointZero, the decarbonisation division of 2PointZero, to enhance clean energy access in emerging markets across Africa and Asia.

Sharjah Islamic Bank (SIB) reported exceptional financial performance for the year ending 31st December 2024, achieving significant growth. The bank’s net profit before tax rose by 36.5% to AED 1.15B, with net profit after tax increasing by 24.5% to AED 1.05B. This marks the first time SIB’s net profit has exceeded AED 1B, reflecting its ability to expand and diversify operations in both local and international markets.

The Ministry of Finance has announced the issuance of Cabinet Decision No. (127) of 2024, expanding the application of the Reverse Charge Mechanism to include precious metals and stones among VAT-registered businesses in the UAE.

CredibleX, a platform providing working capital finance to SMEs, has secured AED 200M (USD 55M) in equity and debt funding, receiving support from notable investors and financial institutions.

The Emirates Group has reported its best-ever financial performance for the first half of 2024-25,…

UAE insurance sector experienced continued growth in Q2 2024, as reported in the Quarterly Economic Review by the Central Bank.

Yuan-denominated loans in China surged by 14.43 trillion yuan (approximately USD 2 trillion) during the…

The Dubai International Financial Centre (DIFC) has unveiled a series of strategic initiatives designed to…

Eleven leading UAE e-commerce retailers and platforms have partnered with the Ministry of Industry and Advanced Technology by signing the Compliance Pledge, a major initiative aimed at improving the quality and safety of online products.

DMCC Strong Performance in H1-2024 The Dubai Multi Commodities Centre (DMCC) has reported exceptional growth…