First Abu Dhabi to sell bad loans to Deutsche Bank
Deutsche Bank is set to acquire First Abu Dhabi Bank’s $800 million nonperforming loan portfolio, marking a rare major distressed debt deal in the Gulf region.
UAE VC funding falls as investors shift
VC funding in the UAE dropped 8% to $613 million in 2024, reflecting a regional trend of fewer late-stage investments and increased focus on early-stage startups.
UAE non-oil business activity growth picks up in December 2024
The UAE’s non-oil private sector expanded at its fastest pace in nine months, with rising demand and business activity driving a PMI increase to 55.4.
OPEC oil output falls in UAE in December
OPEC oil production fell by 50,000 barrels per day in December, driven by a sharp decline in UAE output due to field maintenance, while Iran also saw reduced production despite gains in Nigeria and Libya.
Dar Global plans projects in the US and Greece
Dubai-based developer Dar Global announces plans to expand in the US and Greece, following luxury real estate partnerships with the Trump Organization in Saudi Arabia, Dubai, and Oman.
UAE and Pakistan to boost cooperation in various economic sectors
UAE and Pakistan pledge to expand cooperation in trade, energy, infrastructure, and agriculture, reinforcing economic ties amid Pakistan’s efforts to attract foreign investment.
UAE stock market capitalization grows 7.14% in 2024
Dubai and Abu Dhabi’s stock markets saw a 7.14% increase in 2024, driven by IPOs, foreign investment, and a strong economic outlook for 2025.
How to renew your ILOE policy in the UAE to avoid a fine
Learn how to renew your ILOE unemployment insurance policy in the UAE step-by-step to avoid the 400 AED fine. Fast, easy process explained with all key details.
Dubai’s Mashreq Metro Station Renamed InsuranceMarket
RTA renames Mashreq Metro Station to InsuranceMarket Metro Station in a 10-year public-private partnership, enhancing branding opportunities and economic collaboration in Dubai.
Primark could soon open stores in the UAE
Alshaya Group announces strategic partnership with Primark to explore store openings in the UAE, bringing affordable fashion to the GCC region.