UAE partners with IMF, vows contribution to poverty alleviation, climate funds
The UAE has signed two agreements with the IMF, contributing to funds aimed at poverty reduction and climate resilience.
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IMF pins UAE economic growth at 5.1% for FY2025
The UAE's economy is set to grow by 5.1% in 2025, driven by strong non-oil sectors and structural reforms, according to the IMF. Diversification and public investment are key growth factors.
Saudi Arabia ramps up agricultural output with $10bn inflow to private sector FDI
Saudi Arabia secures $9.8B private investment to drive agriculture growth under Vision 2030, with tech and sustainability focus. Incentives like loans and infrastructure improvements will enhance food security in the Kingdom.
Financiers flock to Riyadh for ‘Davos in the Desert’ FII conference
Financiers will gather in Riyadh from October 29 to 31 for Saudi Arabia's 8th Future Investment Initiative. Vision 2030 needs urgent foreign investment amidst tighter budgets, as Saudi eyes foreign investment.
UAE mosques to install EV charging stations in governmental clean energy project
UAE mosques will soon have EV charging stations as part of a new energy efficiency project. The initiative supports the country’s green mobility and sustainability goals.
Dubai’s aviation industry set to add $53 billion to GDP by 2030
Dubai’s aviation sector will contribute nearly one-third of GDP by 2030 but faces hurdles due to Boeing’s aircraft delays. Emirates is scaling up Airbus orders to meet demand.
UAE tops MENA bond market growth, drives sustainable investments: LSE Deputy CEO
LSE Deputy CEO highlights the UAE's dominance in MENA bond markets, driven by its leadership in sustainable investments. Strategic partnerships are key to this success, propelling growth in infrastructure and green finance sectors.
Saudi Arabia secures over $2bn through multi-tranche sukuk offering
Saudi Arabia raises SAR 7.8 billion from a multi-tranche sukuk issuance, continuing its commitment to Islamic finance. The issuance spans five tranches with the largest maturing in 2039.
Emirates named world’s best airline, dominating premium services and entertainment
Emirates named world’s best airline, dominating in inflight entertainment and premium services. Awarded 19 accolades, including Best First Class and Premium Economy, highlighting its luxury offerings and loyalty programme.
Qatar Airways debuts world-first free Starlink Wi-Fi on Boeing 777 flights
Qatar Airways launches the world's first Boeing 777 flight equipped with SpaceX's Starlink internet, offering passengers free, high-speed connectivity. The airline plans rapid fleet-wide roll-out, marking a leap in in-flight passenger experience.
