Economy

  • DUBAI, 28th April, 2025 (WAM) — Sherif Fathi, the Egyptian Minister of Tourism, stated that Emirati investments in Egypt's tourism sector serve as a successful paradigm for public-private partnerships between the two nations.Highlighting the significance of recent investments, particularly the Ras El Hekma project, he emphasised their crucial addition to existing ventures and asserted that […]
  • DUBAI, 28th April, 2025 (WAM)– Alya AlZarouni, Chief Operating Officer at Dubai International Financial Centre (DIFC) Authority, announced the Centre recorded a 35 percent leap in gross written premiums from USD 2.6bn to USD 3.5bn during 2024.He made the remarks as the Dubai International Financial Centre (DIFC) is currently hosting the largest ever gathering of […]
  • DUBAI, 28th April, 2025 (WAM) — Emirates has signed eight Memorandum of Understandings (MoUs) on the first day of Arabian Travel Market (ATM) with the Tourism Boards of Sharjah, The Philippines, Maldives, Visit Britain, Thailand, Japan National Tourist Organisation (JNTO), Uganda and Hungary.These agreements demonstrate the airline’s commitment to attract more travellers across its extensive […]
  • DUBAI, 28th April, 2025 (WAM) — On the opening day of Arabian Travel Market (ATM) today, tourism leaders from the UAE were joined by representatives from the International Congress and Convention Association (ICCA) and the International Association of Professional Congress Organisers (IAPCO) on the Business Events Stage, to examine how major events and festivals are […]
  • DUBAI, 28th April, 2025 (WAM) –Dubai's tourism sector is experiencing significant growth, with visitors from the Russian Federation and Gulf countries demonstrating the highest spending, closely followed by tourists from select European nations. Issam Kazim, CEO, Dubai Corporation for Tourism and Commerce Marketing, announced during the Arabian Travel Market in Dubai that the city welcomed […]
  • DUBAI, 28th April, 2025 (WAM) — The Ministry of Finance is all set to host the second edition of the “Financial Media Forum” on 1 May under the theme “Shaping the Future of Financial sector: The Balance Between Influence and Responsibility”.Held in collaboration with the media and educational insinuations across the UAE, the event aims […]
  • ABU DHABI, 28th April, 2025 (WAM) — Multiply Group (ADX: MULTIPLY), a leading Abu Dhabi-based investment holding firm, today reported its Q1 2025 results with an EBITDA excluding fair value changes of AED572 million, representing a 19% growth compared to the same period last year (AED 482 million in Q1 2024). Robust underlying profit growth […]
  • ABU DHABI, 28th April, 2025 (WAM) — IHC, ADQ, and First Abu Dhabi Bank (FAB) have announced plans to launch a new stablecoin backed by Dirhams, which will be fully regulated by the Central Bank of the United Arab Emirates (CBUAE) and issued by the UAE’s largest bank, FAB (subject to regulatory approval). The new […]
  • DUBAI, 28th April, 2025 (WAM) — H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, today opened the 32nd edition of Arabian Travel Market (ATM), a leading global event for the travel and tourism industry, being held […]
  • DUBAI, 28th April 2025 (WAM) — ENOC Group, a leading integrated global energy player, has announced strong performance in 2024 demonstrating significant progress across its five-pillar growth strategy, with services expanding to over 129 million customers across its network of 200+ service stations across the UAE, and operations spanning more than 60 countries globally.Saif Humaid […]
  • ABU DHABI, 28th April, 2025 (WAM) — EWEC (Emirates Water and Electricity Company), a leading company in the integrated planning, purchasing, supply, and system despatch services of water and electricity across the UAE, today announced the signing of a Power Purchase Agreement (PPA) for the Shuweihat 1 (S1) power project. In support of EWEC’s strategic […]
  • SHARJAH, 28th April, 2025 (WAM) — The Sharjah Chamber of Commerce and Industry (SCCI) engaged in discussions with a high-level diplomatic delegation from the State of Kuwait, exploring avenues for enhancing economic and trade relations.The discussions focused on facilitating the exchange of trade missions and hosting joint business events, thereby fostering mutual investment cooperation across […]
  • RAS AL KHAIMAH, 28th April, 2025 (WAM) — Ras Al Khaimah Department of Economic Development (RAKDED) reported that the results of commercial activity in the emirate during the first quarter of 2025 showed that new licences increased by 15.6%. Professional licences ranked first with 24.4%, followed by industrial licences (15.4%), and commercial licences (8.9%).The total […]
  • ABU DHABI, 28th April, 2025 (WAM) — Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, announced today at the Arabian Travel Market in Dubai that the expansion of Yas Waterworld Yas Island, Abu Dhabi is set to open to the public this summer. Gearing up for a summer like never before, this phase […]
  • ABU DHABI, 28th April, 2025 (WAM) — Presight has announced its participation at the Future of Digital Countries (FDC) Summit 2025 in Cairo, Egypt. The company will be present at the UAE Pavilion alongside the UAE Cybersecurity Council, spotlighting its AI-driven smart city innovations as part of its mission to bring Applied Intelligence to life […]