The UAE led the region with foreign capital net inflows of $680.4 million in May, rebounding from the previous month that saw the country follow a GCC-wide negative trend, stemming from escalating tensions in the Middle East and the challenging global economic climate, including higher interest rates.
UAE biggest wealth magnet for third straight year
The UAE is set to lead for the third year in a row as the world … at $10bn two years ago but are now worth $12.5bn if not more given the 25pc increase in property prices in the emirate. Millionaires …
UAE To Remain Fastest Growing Economy In GCC In 2024 And 2025
James Swanston, economist for the Mena region at Capital Economics, projected that the UAE’s GDP will grow 3.3 per cent this year and 5.5 per cent in 2025, surpassing its Gulf peers as well as wider regional countries. Stay up to date with the latest news. Follow KT on WhatsApp Channels.
Old report about overseas Filipino workers with HIV falsely linked to Dubai
A news report from 2011 about HIV infections among Philippine migrant workers has resurfaced in TikTok posts viewed hundreds of thousands of times that falsely linked it to Dubai. The original report …
UAE national banks provided $4.25bln in credit facilities to business, industrial sectors in Q1-24
The apex bank’s figures showed that the two sectors saw a 2.1 percent rise in cumulative credit balance to AED757.4 billion by the end of March 2024 …
First Abu Dhabi Bank bolsters CLM operations with Fenergo
First Abu Dhabi Bank (FAB) the largest bank in the UAE, has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) …
Fintech firm aims to grow loan portfolio to $2B in next 5 years
Financial technology firm Salmon Group Ltd. said on Wednesday it is eyeing a significant increase in its loan portfolio in the next three to five years. “What I can share is where we want to be in …
UAE’s Bold Leap into AI: From AI Ministers to World-Class Universities
Steps have already been taken to turn their aspirations into a reality, including making the UAE the first country to appoint the first AI minister in the world in 2017. AI is going to be yet another …
How Hydrogen Will Trade in the Commodity Markets of the Future
Transitioning hydrogen from its current deployment – produced from … and the European Energy Exchange (EEX). He recently relocated to Dubai to launch ZETA in the Middle East. Related: India’s New …
Abu Dhabi announces $2,720 fines and business closures for unlicensed influencer adverts
Abu Dhabi will fine firms up to $2,720 if they collaborate with social media influencers without the correct licences in place. Abu Dhabi Department of Economic Development (ADDED) has called upon all …
Closure, fines of up to Dh10,000: Abu Dhabi firms warned against illegal contracts with social media influencers
A uthorities in Abu Dhabi are calling on all licensed economic establishments in the emirate to comply with guidelines related to partnerships with social media influencers. Failure to do so will …
Abu Dhabi: Fines up to Dh10,000 in penalties for unlicensed influencer collaborations
Social media influencers must obtain a license from ADDED to offer advertising services Abu Dhabi: The Abu Dhabi Department of Economic Development (ADDED) issued a circular today urging all licensed …
First Social Decentralized Perpetual Exchange raised $7.6M in total, Introduces Governance Token
Dubai, UAE , June 19, 2024 (GLOBE NEWSWIRE) — ZKX, the first Social Perp Trading DEX built on Starknet and Ethereum, has successfully raised a total of $7.6M to date with a new strategic round of …
Coinbase CEO says company has donated $25M to vote anti-crypto politicians out of Congress
With just five months to go until the 2024 U.S. elections, large crypto firms continue to bet big on crypto-friendly candidates who could help the $2 trillion digital asset industry achieve …
Kraken faces extortion after $3 million crypto bug exploit
Kraken faces a $3 million loss after a security bug was exploited by a researcher. The incident raises questions about ethical hacking and highlights the challenges in securing digital assets.
Dubai’s Latest Patrol Car is a Tesla Cybertruck: A Glimpse into the Future of Policing?
Professional Tesla tuning company Unplugged Performance recently became controversial when they revealed a tuned Cybertruck for police use.
Le Xiaomi Redmi Note 13 compatible 5G perd 110 € de son prix grâce à cette offre inédite
Le Xiaomi Redmi Note 13 5G est sans conteste l’un des meilleurs smartphones de la gamme Redmi du fabricant chinois. Il n’y a qu’à voir son bel écran, ses bonnes performances et son autonomie généreuse …