Abu Dhabi Fund for Development (ADFD) and the World Bank Group have signed an MoU to advance sustainable economic development, strengthen resilience and improve livelihoods in developing countries.
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), has expressed confidence that the UAE will deliver an exceptional hosting experience for the 2029 Annual Meetings of the World Bank Group and IMF in Abu Dhabi.
The Central Bank of the United Arab Emirates (CBUAE) held a bilateral meeting with the Monetary Authority of Singapore (MAS) to discuss ways to further develop cooperation between the two authorities.
The Islamic Development Bank (IsDB) Group and United Nations Development Programme (UNDP) have discussed expanding joint initiatives to support recovery and mobilise additional development financing through the IsDB's Response, Recovery, and Resilience (3R) Facility.
Dubai’s economy reached AED473 billion ($129 billion) in the first half of 2026, driven by strong performance across key sectors, including financial and insurance services, healthcare, information and communication, and construction.
The global economy has weathered the latest in a series of shocks better than expected, but outcomes have diverged across countries and resilience should not be taken for granted - there is no room for complacency in a rapidly changing world marked by heightened uncertainty, according to the International Monetary Fund (IMF).
Saudi Arabia’s foreign direct investment (FDI) net inflows for FY2025 surged to SAR159 billion ($41.7 billion), up 33.5% over the previous year, thus boosting its position as an attractive investment hub, while the country's FDI stock rose 8.3% to hit SAR1.06 trillion ($278 billion), reported SPA.
Technology, innovation, start-ups and fin-techs could help accelerate the Indo-UAE relations to $200 billion in the next few years, said a senior Indian diplomat at a conference, titled Innovators and Investors Series, organised by the Indian People’s Forum in Dubai.
HSBC has appointed Sami Abouzahr as Head of International Wealth and Premier Banking (IWPB), UAE and Middle East, effective immediately.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, has launched The Exchange, its AI Practitioner Insights Series.
