Tag: UAE

Economy

UAE’s 3.4% Q1 GDP surge reflects economic resilience

the financial -
The real gross domestic product of the UAE recorded 3.4 per cent growth year-on-year to Dh430 billion in the first quarter 2024, underlining “the...
Economy

Gulf decision makers expect continued economic growth

the financial -
Gulf decision makers are mostly upbeat about the prospects for economic growth through the end of this year and are largely undeterred by looming...
Crypto

Spot Bitcoin ETFs See Largest Outflows Since May 1, Totaling $287M

the financial -
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday According to data from SosoValue,...
Business

UAE, 7 OPEC+ countries extend additional voluntary production cuts

the financial -
OPEC+ countries, which previously announced additional voluntary cuts in April and November 2023, including the UAE, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and...
Uncategorized

Private sector AI investment poised to boost UAE GDP by Dh335b

the financial -
Private sector investment in Artificial Intelligence (AI) is expected to boost the UAE’s economy, adding an extra Dh335 billion by 2031, according to industry...
Uncategorized

Regional security spending set to increase 14% in 2025

the financial -
End-user spending on information security in the Middle East and North Africa (Mena) region is forecast to total $3.2 billion in 2025, an increase...
Economy

UAE and Brics: Partnership seeking to enhance global development, prosperity

the financial -
The UAE’s accession to the Brics group has embodied its commitment to multilateralism and constructive dialogue, aiming to support development, prosperity, and wellbeing for...
Crypto

UAE: Now, deposit or withdraw cryptocurrencies in dirhams through this bank

the financial -
UAE residents can now deposit and withdraw UAE dirhams against cryptocurrencies they are holding. Crypto.com and Standard Chartered Bank have tied up to enable near-real-time...
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