Dubai’s economy has shown robust growth in recent years, driven by various sectors including tourism, trade, adn technology.Here are some key points from the provided web search results: First Quarter of 2024: Dubai’s GDP topped AED 115 billion, with the tourism sector posting a growth of 3.8% and contributing 4.1% to the GDP. The average … Read more
Alpha Dhabi Acquires 73.73% Stake in National Corporation for Tourism and Hotels, Redefining Luxury Hospitality In a landmark move, Alpha Dhabi Holding has secured a 73.73% controlling stake in the National Corporation for Tourism and Hotels (NCTH), solidifying its position as a dominant player in the luxury hospitality sector. This strategic acquisition was achieved … Read more
n### Dubai Aviation industries Strengthens Market Position with Strategic Aircraft Sale and Acquisition In a notable move to bolster its presence in teh aviation sector, Dubai Aviation Industries has finalized a landmark agreement with K2 Aviation, a specialist in aviation investments, to sell seven Airbus and Boeing aircraft currently leased to six airlines. This deal … Read more
The United Arab Emirates (UAE) has solidified its position as a global powerhouse for foreign direct investment (FDI), ranking 11th worldwide in terms of FDI inflows by value and second in the number of new establishment projects. This remarkable achievement was highlighted in a extensive research paper titled “The United Arab Emirates: An Attractive Global … Read more
The UAE banking sector continues to demonstrate robust growth,with total banking assets reaching 4.456 trillion dirhams by the end of October 2024, according to the latest
The UAE and Uganda have solidified a landmark agreement to establish a state-of-the-art eye hospital in Entebbe, Uganda, with an investment of up to $20 million. This initiative, driven by the directives of UAE President Sheikh Mohammed bin Zayed Al Nahyan, underscores the UAE’s commitment to advancing global healthcare and addressing critical medical needs in … Read more
Gold Prices in the UAE Decline on January 15,2025: A Detailed Report Gold prices in the United Arab Emirates experienced a notable decline on Wednesday,January 15,2025,sparking interest among investors and consumers alike. The drop in prices,coupled with significant disparities across different karats,has drawn attention to the dynamics of the gold market in the region. Known … Read more
The UAE is making a bold leap into the lithium industry, a move that is set to redefine its industrial landscape and bolster its position as a global leader in clean energy and advanced technologies. According to the Interregional Center for Strategic Analyzes, this strategic shift is aimed at strengthening the industrial sector and attracting … Read more
The United Arab Emirates (UAE) and Mexico are forging stronger economic ties, with non-oil trade between the two nations reaching $2.2 billion in the first ten months of 2024, marking a 1% increase compared too the same period in 2023. This growth builds on a significant 20.8% surge in 2023, when trade volumes hit $2.6 … Read more
Indian Rupee remains Stable Against UAE Dirham Amidst Trade Deficit Concerns Table of Contents Indian Rupee remains Stable Against UAE Dirham Amidst Trade Deficit Concerns Exchange Rates Across Major UAE Banks (January 4, 2025) India’s Trade Deficit: A Looming Shadow India’s Widening Trade Deficit Weighs on Rupee Rupee Holds Steady Against Dirham Despite India’s Widening … Read more