September 12 The activities of the 8th session of the World Investment Forum (UNCTAD), one of the largest investment forums in the world, will be launched in Abu Dhabi during the period from 16 to 20 October 2023, with the support of the Ministry of Economy and the Department of …
Read More »Standard & Poor’s expects strong performance for UAE banks and credit growth of 7% in 2023
Abu Dhabi on September 12 Standard & Poor’s Global Ratings expects UAE banks to achieve strong performance in 2023. Standard & Poor’s added in a recent report today that UAE banks will benefit from strong non-oil GDP growth, which will mitigate the impact of rising interest rates on credit growth. …
Read More »$1.3 trillion in individual wealth in the UAE by 2027
September 12 The new annual study of global wealth management, conducted by Boston Consulting Group, expected that the compound annual growth rate of financial wealth in the United Arab Emirates will rise at a rate of 5.5%, rising from $1 trillion in 2022, to $1.3 trillion by 2027. The report, …
Read More »The UAE participates in the Belt and Road Initiative summit in Hong Kong, with a delegation headed by the Minister of Economy
September 12 An official Emirati investment delegation, headed by Abdullah bin Touq Al Marri, Minister of Economy, will participate in the eighth session of the “Belt and Road Initiative” summit, which will be held in Hong Kong tomorrow, within the framework of growing economic relations between the two sides and …
Read More »“CBRE”: 7.3% apartment rental return in Dubai compared to 4% for central London. Prices rose 20% for the best performance in 10 years.
September 12 The month of August witnessed an increase in apartment values in Dubai, at the highest pace in nearly a decade, according to what the “CBRE” group reported, adding to the real estate recovery, which has turned the city into one of the most important housing markets, around the …
Read More »The UAE is witnessing a revolution in artificial intelligence applications
September 11th The United Arab Emirates is on the right track to harness artificial intelligence in various vital sectors, to enhance its position as a global destination for pioneering digital transformation and anticipating the future. According to a report issued by Crayon Data, a company specializing in artificial intelligence and …
Read More »Dubai leads with 17 facilities.. The UAE is leading the data center revolution in the region
September 11th In a report issued on the sidelines of the Cityscape Global exhibition, JLL revealed the important role that the United Arab Emirates plays in shaping the data center landscape in the region. While governments’ pursuit of digital transformation fuels the demand for data centers in the Middle East, …
Read More »Hamdan bin Mohammed approves the plan to develop the maritime transport system in Dubai until 2030
September 10 His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, approved the comprehensive plan to develop maritime transport in the Emirate of Dubai until 2030, which includes extending the length of the network by 188%, increasing the number …
Read More »“The Independent”: Dubai is among the top 10 winter tourist destinations
September 10 The British newspaper The Independent chose Dubai among 10 amazing family tourist destinations to spend the upcoming winter season. According to a report published by the newspaper, Dubai has become a destination worth visiting for families wishing to enjoy a sunny winter for several convincing reasons, including its …
Read More »Dubai Electricity and Water Authority warns against phishing scams
DEWA warns of phishing scams that aim to trick you into sharing your personal information. Watch this video to avoid falling victim to these scams and learn how to protect your digital security. For more information on information security awareness, please visit: https://bit.ly/cybersecurityawarenessar
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