Browsing: Business

Dubai Maritime City announces infrastructure upgrades, doubling its vessel handling capacity to 1,000 ships annually and supporting more complex shipbuilding and repair projects.

The UAE and New Zealand concluded negotiations on a comprehensive trade partnership aimed at boosting economic ties and investment opportunities between the two countries.

Al Seer Marine adds two MR tankers to its fleet, boosting capacity for clean petroleum products and chemicals, aligning with its strategic growth in the UAE maritime industry.

Meta and Dubai Future Foundation launch the UAE’s first AI accelerator, aiming to connect startups with UAE corporates and drive innovation using Meta’s open-source AI model.

Abu Dhabi Finance Week 2024 will bring together over 300 global financial leaders, including CEOs of major institutions, to discuss finance, innovation, and collaboration.

Sheikh Mohammed greenlights AED10B plan for Dubai Exhibition Centre expansion, aiming to enhance Dubai’s global leadership in the MICE sector and attract major international events.

Egypt’s Central Bank plans to list United Bank on the Egyptian Stock Exchange, with the IPO set to conclude by Q1 2025, pending market conditions and regulatory approvals.

UAE’s economy will expand by 4.8% by 2025, according to Oxford Economics, driven by growth in the non-oil sector, including tourism, real estate, and foreign investment.

Arab stock exchanges grew to a combined $4.268 trillion in market capitalization in August 2024, according to the Arab Monetary Fund, reflecting a $22 billion increase over July.

IRENA and Azerbaijan will host the first Central Asia Energy Transition Investment Forum in Baku in November, focusing on attracting investments for renewable energy projects.