The UAE had asked for the immediate return of the funds in the wake of the recent situation in West Asia following the US-Israel war on Iran …
Pakistan clears $3.45b loan to UAE after final $1b payment: SBP
State Bank of Pakistan repaid deposit of US$ 1 billion to Abu Dhabi Fund for Development (ADFD) UAE on 23April2026. Deposits of $2.45 billion were repaid last week. This completes the repayment of …
Dubai authority partners with Volt for AI-ready data centre
Dubai Integrated Economic Zones Authority (DIEZ) is partnering with Dutch AI data centre developer Volt to develop an artificial intelligence (AI)-ready data centre in Dubai Silicon Oasis. The data …
Abu Dhabi court rejects bank’s nearly Dh950,000 loan case over regulatory breach
The court found that the bank had not secured any valid guarantees from either the borrower or the guarantor at the time the credit facility was granted …
UAE’s Al Ramz rolls out two open-ended GCC investment funds via IPO
Abu Dhabi based Al Ramz Corporation has launched the initial public offering (IPO) of two new open ended GCC investment funds the Horizons GCC Sukuks Fund and the Fortitude GCC Equity Fund. The two …
UAE’s rebound offers a blueprint for GCC markets as investors look for long-term opportunity
The rebound in UAE markets following the region’s recent downturn is reinforcing a broader view among strategists that Gulf Cooperation Council (GCC) assets remain underpinned by strong fundamentals.
Khaled bin Mohamed bin Zayed honours winners of Abu Dhabi Award for Excellence in Government Performance
Sheikh Khaled bin Mohamed bin Zayed honours 37 entities and 103 initiatives at the Abu Dhabi Award for Excellence in Government Performance, recognising innovation, collaboration and public-sector exc …
Dubai Chamber of Commerce and DIB organise open dialogue on the banks’ role in enabling business resilience
Dubai: Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently organised an interactive dialogue in collab …
From first jobs to family businesses: The journeys of Dubai’s textile traders
Dubai: In the narrow lanes of Bur Dubai’s historic Fahidi district, where wind towers rise above coral-stone buildings, bolts of fabric spill out of shopfronts …
Treasury Secretary Bessent predicts future of payment rails
U.S. Treasury Secretary Scott Bessent testifies about the 2027 budget request for his department.
After 70% surge, Dubai housing sees first price drop since the pandemic
A home price index compiled by ValuStrat fell 5.9% in March from a month earlier, with valuations seeing their first decline since 2020 …
Dubai home prices fall for first time since the pandemic boom: Report
Residential sales value in Dubai fell nearly 20 per cent to 37.2 billion dirhams ($10.1 billion) in March from February.
UAE targets 50% government AI automation in two years with new Agentic AI framework
UAE unveils Agentic AI framework to transform 50% of government services within two years, targeting faster delivery and low costs …
Anantara resort closes on Dubai World Islands
Anantara World Islands Dubai Resort closed permanently on April 10. The closure occurs amid challenges in Dubai’s tourism sector related to the Iran war and reduced airline capacity.
UAE Orders 50% of Government Operations to Run on Agentic AI by 2028
The UAE directs 50% of federal government operations to run on Agentic AI within two years, aiming for a global first.
UAE Absorbs 58% of Hormuz Diversions as Cargo Compression Intensifies in Week 7
Supply Chain Insights data shows the Gulf shipping network is no longer redistributing cargo across the Indian Ocean. It is compressing back into the UAE, with Jebel Ali import dwell hitting 46.9 days …
Sheikh Khaled bin Mohamed honours Abu Dhabi’s best-performing government departments
Annual awards ceremony celebrates crucial work of government organisations across the capital …