Launch of a 100 Million Dirham Fund to Empower Public Benefit Institutions
Her Excellency Shamma bint Suhail Al Mazrouei, the Minister of Community Development, emphasized that the 100 million AED Public Benefit Institutions Empowerment Fund is a vital initiative as it shifts the support system from merely providing assistance to making...
The UAE Champions a Global Consensus to Enhance Conflict-Free Diamond Trade
Ahmed bin Sulayem, the Chair of the Kimberley Process, delivered a high-level presentation at the United Nations General Assembly in New York, representing the United Arab Emirates as the "presiding state." During this address, he highlighted the primary achievements...
Dubai Holding and Emirates NBD Integrate Early Financing into Property Ownership Experience
Dubai Holding Property and Emirates NBD, a leading banking group in the Middle East, have unveiled a memorandum of understanding aimed at delivering an array of comprehensive financing solutions for residential projects currently under construction by both "Meraas" and...
Ports and Customs Strengthen Continuous Supply of Provisions and Fuel for Vessels in Dubai Ports and Anchorages
The Dubai Ports Authority has reaffirmed its ongoing commitment to provide comprehensive maritime services to ships docked at the emirate's ports, operating around the clock. This approach ensures efficient operations and the fulfillment of various maritime needs.The authority emphasized...
Wasl Group Introduces ‘Central Park’ at Wasl Gate to Enhance Community Living and Wellbeing
The Wasl Group, a leading real estate development company in the UAE, has announced the opening of “Central Park,” one of the largest parks in residential communities within the emirate. This new park is situated in the Wasl Gate...
Abu Dhabi Islamic Bank Becomes The First Emirati Bank To Offer Open Financing Services
Abu Dhabi Islamic Bank, a leading provider of Islamic financial services, has officially obtained a license to offer open finance services as a licensed third-party provider (TPP). This makes it the first bank in the UAE to receive such...
Bloomberg: Resilience Boosts Dubai’s Appeal for Hedge Fund Giants
In recent years, Dubai has successfully attracted some of the world's largest hedge funds, solidifying its position as a key hub for this sector. The emirate is currently accelerating efforts to provide companies with greater operational flexibility, as reported...
Dubai Strengthens Its Maritime Position with Around-the-Clock Ship Services
The Dubai Ports Authority, part of the Ports, Customs, and Free Zone Corporation, has reaffirmed its continuous readiness to provide comprehensive maritime services to vessels at the emirate's ports and docking areas around the clock. This commitment ensures operational...
Naguib Sawiris to “Al-Bayan”: I Advise Those Considering Leaving the UAE Not to Worry… Leave Your Investments to Me
Billionaire Naguib Sawiris, the Chairman of Ora Real Estate Development, has announced that he has doubled his investments in the UAE from $15 billion to 30 billion dirhams.In an interview, he stated, “I believe in the future of the...
The UAE Explores Financial and Economic Cooperation Opportunities with the USA
During his participation and leadership of the UAE delegation at the annual meetings of the World Bank and the International Monetary Fund, as well as the G20 meetings, His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for...