Tuesday 21 May 2024

MoIAT unveils third Make it in the Emirates Forum agenda

The third edition of the Make it in the Emirates Forum will unveil new initiatives, incentives, enablers, and financial solutions worth billions of dirhams to promote industrial investments.   To be held at the Abu Dhabi Energy Centre from May 27 to 28 under the


UAE economy to grow by 4% in 2024, says IMF

The real gross domestic product (GDP) of the UAE is likely to grow by 4% in 2024, according to The International Monetary Fund (IMF).   In a statement today, following the conclusion of a team of its experts' visit to the UAE regarding the 2024 Article IV co


ADX and its listed firms start Global Investor Roadshow

Abu Dhabi Securities Exchange (ADX), which has a market capitalisation of over $765 billion, has launched its 2024 Global Investor Roadshow and Conference in New York in collaboration with Morgan Stanley Bank.    The ADX delegation comprises CEOs, CFOs and


Alkhabeer Capital fund IPO subscription deadline extended to June 13

  Alkhabeer Capital, a prominent asset manager specialising in shari’a-compliant investments, financial services and brokerage services, has announced that the subscription deadline for the IPO of its Alkhabeer Diversified Income Traded Fund 2030 has now been e


Maldives signs MoU with IFZA to develop special zones

Maldives and IFZA have signed a deal for IFZA to develop, and be the governing authority for the special economic and financial services zone at Funadhoo Island and the Maldives Economic Gateway at Ihavandhippolhu Atoll.    These are strategic projects of P


Prudent policies to lift Qatar economic growth: IMF

Prudent macroeconomic and financial sector policies will further strengthen Qatar’s resilience with average growth expected to be lifted to around 4.5 per cent in the medium term by the significant LNG production expansion and initial gains from implementing NDS3, an IMF report said.


Mubadala grows portfolio with AUM hitting $300bn

Mubadala Investment Company, an Abu Dhabi sovereign investor, has grown its portfolio with assets under management (AUM) reaching more than AED1.1 trillion ($300 billion), in a tumultuous year.    In line with its strategy of focusing on innovation-centric


DIFC boosts its brokered premiums by 61pc in 2023: CEO

Dubai International Financial Centre (DIFC) has bolstered its brokered premiums by 61% year-on-year in 2023, crossing the $2 billion threshold, said Arif Amiri, CEO of the DIFC Authority.    He said that the DIFC, as a premium (re)insurance hub, has strengt


Gulf Insurance Group Q1 net profit falls 5.2pc to $35.6m

Gulf Insurance Group (GIG) has seen its first-quarter net profit fall 5.2% to KD10.9 million ($35.6 million), or 38.58 fils per share. In Q1 2023 the company had posted a net of KD11.5 million, or 40.37 fils per share.    Notwithstanding that the comparativ


Miral signs up Emirates NBD as key banking partner

Miral, the leading creator of immersive destinations and experiences in Abu Dhabi, has announced a strategic partnership with Emirates NBD.   As per the deal, Emirates NBD will be the Official Banking Partner across multiple Miral attractions, including Ferrari

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