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Global Hedge Funds Opt for Dubai and Abu Dhabi
Global hedge funds have expressed their strong confidence in both Dubai and Abu Dhabi, designating them as promising financial destinations. In a rare statement, key players in the hedge fund industry, known for their discreet operations, affirmed the role...
Dubai Municipality Issues 10,700 Building Permits in the First Quarter of 2026
The Dubai Municipality has announced significant performance indicators in the construction sector from the beginning of 2026 until March of this year, showcasing the rapid developmental activity taking place in the emirate and the attractive investment environment that continues...
Central Bank: Bank Transfers Reach Highest Monthly Rate in Eight Years
In January 2026, transfers via the UAE's money transfer system, governed by the Central Bank of the UAE, surpassed 2 trillion dirhams, marking the highest monthly transfer rate in eight years, according to banking indicators released by the Central...
Mubadala Energy Secures “Southwest Andaman” License in Indonesia
Abu Dhabi-based Mubadala Energy has announced its acquisition of a joint exploration and production contract in the "Southwest Andaman" region, following the gross production sharing contract system in Indonesia. The company secured the "Southwest Andaman" block from the Directorate...
Mubadala Announces the Sale of Its Stake in Cool IT in a Deal Worth $4.75 Billion
Mubadala Investment Company has announced the completion of a definitive agreement to sell its minority stake in Cool IT Systems, a firm specializing in liquid cooling solutions for data centers, to Ecolab. This transaction, led by KKR, is valued...
Sets Dividend Distribution for the Fiscal Year 2025
The National Central Cooling Company (Tabreed) convened its annual general assembly. In light of the strong financial and operational performance achieved in 2025, shareholders approved a cash dividend distribution for the second half of 2025 amounting to 6.5 fils...
Suhail Al Mazrouei: The Supply and Transport System in the UAE Operates with High Efficiency
His Excellency Suhail Mohamed Faris Al Mazrouei, Minister of Energy and Infrastructure and Chairman of the Supply and Transport Committee, has stated that the transportation system and supply chains in the United Arab Emirates are operating with high efficiency...
Dollar Declines Amid Market Tensions and Rising Energy Prices
The dollar experienced a decline in its recent gains during Asian trading on Thursday as investors were seeking indications of a de-escalation in the U.S.-Israeli conflict regarding Iran and tempered expectations for interest rate hikes in America.Amid ongoing geopolitical...
Dubai Advances to Seventh Place in Global Financial Centers Index
The Emirate of Dubai has achieved its highest-ever ranking in the Global Financial Centres Index (GFCI), moving up to seventh place globally. This advancement underscores its rapid rise as one of the most influential financial hubs worldwide and solidifies...
Abdullah Bin Touq: The UAE as a Resilient Economic Model Effectively Navigating Global Crises
The Economic Integration Committee held its third meeting for the year 2026, chaired by His Excellency Abdullah bin Touq Al Marri, Minister of Economy and Tourism, along with the presence of esteemed directors from various economic departments.At the outset...