Tag: UAE

Microsoft invests $1.5 billion in Abu Dhabi’s G42 to accelerate AI development, global expansion

G42, the leading UAE-based artificial intelligence (AI) technology holding company, and Microsoft on Tuesday announced a $1.5 billion strategic investment by Microsoft in G42. The...

Emirates NBD leads top regional banks’ asset surge

Led by Dubai’s largest lender, Emirates NBD, 18 out of the 30 largest banks in the Middle East and Africa moved up the ranking...

World Bank raises forecast for UAE’s real GDP growth to 3.9% in 2024; 4.1% in 2025

The World Bank has raised its forecast for the UAE’s real GDP growth to 3.9 per cent in 2024, compared to its previous forecast...

UAE Records $25B in Crypto Transactions, Promotes Further Investment With Regulatory Flexibility

The United Arab Emirates (UAE) recorded $25b in crypto transactions in 2022. Now, it is adopting accommodative regulatory policies to pursue further investment, according...

Emirates Development Bank delivers record increase in industrial GDP impact

Emirates Development Bank has unveiled a record increase in total financing since the launch of EDB’s strategy in 2021 to Dh10.4 billion, bringing its...

Huawei contributes to building UAE’s first 5G Smart Warehouse

The first 5G Smart Warehouse in the UAE has officially started operating, by the joint efforts between Huawei and a local carrier. This innovative...

Fitch affirms Emirates Development Bank’s ‘AA-‘ credit rating with a stable outlook

Fitch Ratings has affirmed Emirates Development Bank’s (“EDB” or “the Bank”) at ‘AA-‘credit rating, demonstrating the bank’s strong creditworthiness due to its strategic importance...

Sharjah Chamber explores trade and investment opportunities with India

The Indian Business and Professional Council, affiliated with the Sharjah Chamber of Commerce and Industry (SCCI), has conducted an extensive business meeting to discuss...

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Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...