UAE Reports 24% Growth in Non-Oil Trade, Signaling Shift from Oil Dependency
The UAE is trying hard to strengthen its trade ties to diversify its economy. Its economy rose by 4% last year, caused by a robust increase in its non-oil industry.…
The UAE is trying hard to strengthen its trade ties to diversify its economy. Its economy rose by 4% last year, caused by a robust increase in its non-oil industry.…
The Dubai International Financial Centre (DIFC) celebrated a successful first half of the year, recording its best performance thus far, with 1,081 new company registrations between January and June, resulting…
UAE banks recently benefited from an increase in credit demand as regional governments make investments in infrastructure and tourism to diversify their economies away from oil. First Abu Dhabi Bank…
Space42 and the UAE government have signed a Dhs18.7 billion deal that will guarantee the supply of satellite capacity until 2043. Space42, an Abu Dhabi-based satellite service company, can use…
UAE Government Media Office stated that the new budget cycle demonstrates how the general budget serves as an annual planning tool and a strategic tool to help federal agencies. The…
ADNOC founded XRG to invest in low-carbon, chemical, and natural gas projects. Santos would be a good fit for the plan given its development of gas fields. Abu Dhabi’s national…
Last month, the company launched an app called “Make it with ADNOC”. It aims to increase local manufacturing and support the UAE’s industrial growth. The Abu Dhabi National Oil Company…
As part of its D33 strategy, Dubai wants to double its economy to Dh32 trillion over the next ten years and place the emirate among the top three global cities.…
Mubadala’s total assets under management in 2024 came to Dh1.2 trillion ($326 billion), with annualised returns of 10.1% over five years. Mubadala Investment Company, the strategic investment arm of Abu…
The reason the direct effects are minimal is because the main GCC exports to the US are hydrocarbons, which President Trump has exempted from duties. As the world complains of…