The World Government Summit will take place in Dubai on Monday and will bring together hundreds of ministers, corporate executives, decision-makers, and specialists from all around the world. Over the course of three days, they will consider important issues including how artificial intelligence is changing the nature of labor, the difficulty of feeding a growing […] Read more
On Thursday, Faisal al-Ibrahim, the minister of economy and planning for Saudi Arabia, will participate in a WEF panel discussion titled “Between Liquidity and Fragility: Reforming in MENA.” The panel discussion will focus on how, although certain Middle Eastern and North African nations are predicted to have rapid economic growth, others are struggling with escalating […] Read more
The publication of the DFSA’s Business Plan for 2023–2024 was announced today by Fadel Al Ali, Chairman of the Dubai Financial Services Authority (DFSA). The Business Plan was created to promote a business-friendly climate as Dubai and the UAE continue to solidify their position as a well-run and progressive financial services Centre. The new two-year […] Read more
Saudi Arabia’s Crown Prince Mohammed bin Salman declared on Monday that the Diriyah Project will be the Public Investment Fund’s (PIF) fifth giga-project, joining Neom, the Red Sea, Qiddiya, and Roshn. According to the crown prince, the initiative displays Diriyah’s status as a special location with unique cultural, historical, and tourist attractions. The Diriyah Gate […] Read more
Shares of Standard Chartered increase by 20% following reports of an Abu Dhabi takeover. In what would have been a complicated transaction intended to create an emerging markets lender with more than $1 trillion in assets, First Abu Dhabi Bank admitted that it had considered making a bid for Standard Chartered. The biggest bank in […] Read more
According to a report by the sports council of the emirate, the port in Dubai generated an additional AED9 billion ($.2.46 billion). 2022 saw stadium crowds return as Covid measures across the world were eased, and the emirate attracted worldwide talent in a range of sports. According to the Dubai Sports Council, sports were responsible […] Read more
According to a research by Swiss boutique business Passport Legacy, Dubai has maintained its position as the top hub for residency and citizenship by investment (RCBI) for the second year. Over 150,000 Golden Visas have been given. According to the report, the UAE will lead the world with 35 international RCBI specialists in 2022, up […] Read more
In an effort to strengthen business relations despite the Russian invasion, the UAE will begin trade discussions with Ukraine. Officials thought that establishing this economic cooperation would help to recover lost trade, particularly in food products, and eventually more than quadruple trade beyond prewar levels. Bilateral commerce has been cut in half due to the […] Read more
Two new natural gas fields have been found in the Eastern Province of Saudi Arabia, according to the energy minister. One of the fields was found 142 kilometers south-west of Hofuf, and the other was located 230 kilometers south-west of Dhahran. According to Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, “the relevance of these […] Read more
Dubai, United Arab Emirates – Dubai-based digital bank Zand will attempt to attract customers with competitive deposit rates and a digital-first product lineup when it launches later this year, challenging traditional bank rivals as Covid-19 drives a wave of digital adoption in the Gulf. “We think there is a huge opportunity,” Zand CEO Olivier Crespin said during […] Read more
