In a bold move strengthening regional ties and economic growth, the UAE’s Etihad Rail has signed a memorandum of understanding with Jordan to construct a 360km freight railway, connecting the Dead Sea to the Red Sea. UAE Expands Its Railway Expertise Beyond Borders The United Arab Emirates is set to make a significant impact on…
Dubai’s Golden Visa Initiative for Outstanding Educators Dubai has announced a new initiative to offer Golden Visas to exceptional teachers in the private education sector, recognizing their crucial role in shaping the emirate’s future. This move, announced on World Teachers’ Day, aligns with Dubai’s Education 33 strategy and broader ambitions for key sectors. The Golden…
Talabat Holding plc, a leading food delivery and e-commerce company, has announced its intention to list on the Dubai Financial Market (DFM). The company plans to offer shares to UAE Retail Investors, including eligible employees, and Professional Investors outside the United States, including those in the UAE. The subscription period for the UAE Retail Offering…
India-UAE Investment Treaty: A New Era of Economic Collaboration The recent signing of a bilateral investment treaty between India and the UAE marks a significant milestone in their economic relationship. This agreement, effective from August 31, 2024, replaces the previous treaty and introduces enhanced provisions for investment protection and promotion. Key Features and Benefits The…
The United Arab Emirates has taken a bold step forward in its fight against financial crime with the approval of a new national strategy. The 2024-27 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing, approved by the UAE Cabinet, marks a significant milestone in the country’s ongoing efforts to safeguard…
UAE’s Economic Leap: Largest Federal Budget Unveiled The United Arab Emirates (UAE) has taken a monumental step in its economic journey by approving the largest federal budget in its history. This unprecedented move is set to significantly impact the nation’s economic landscape, fostering growth across various sectors and enhancing the overall business environment. The newly…
Udo Deppisch shares valuable tips on sales techniques, money management, and building a successful business in this insightful interview. Money: The Ultimate Tool for Success Udo Deppisch emphasizes that money is neither good nor bad; it’s simply a tool. The value of money lies in how you use it. Whether you spend it on helping…
The UAE’s embedded finance sector is set for remarkable growth, with projections indicating a 16.1% annual increase to reach $1.56 billion by 2024. This surge is driven by strong government support, technological advancements, and rising consumer demand for integrated financial services. Governmental initiatives like the Future and Dubai International Financial Centre (IFC) are fostering fintech…
UAE Banks Boost SME Lending to $22bn Small and medium-sized enterprises (SMEs) in the UAE received a significant financial boost as banks extended 81.2 billion dirhams ($22.1 billion) in loans and financial facilities by the end of the first half of 2024. This figure, reported by the Central Bank of the UAE (CBUAE), represents 9.5…
Global Markets Navigate Geopolitical Tensions and Policy Anticipation Global financial markets experienced mixed performance on Tuesday as investors grappled with geopolitical tensions and awaited further announcements from the incoming White House administration. Stock indices showed varied results, while oil prices eased amid rising concerns over Russia-US relations regarding Ukraine. Stock Market Volatility Amid Policy Uncertainty…
