Latest news and articles about UAE economy from NEX English
The Emirati Development Bank has unveiled ambitious plans to provide funding of up to <strong>9 billion dirhams</strong> in 2023, aimed at supporting developmental projects and bolstering the national economy. This announcement aligns with the bank's strategy to enhance its role in financing vital sectors.
Economic sources indicate that the recently announced ceasefire in the region presents an opportunity for UAE companies to plan short-term strategies. However, addressing current backlogs may take considerable time, placing the local economy in a delicate position.
Mubadala Investment Company has reported significant growth in its asset base, projected to reach <strong>$385 billion</strong> by <strong>2025</strong>. This increase reflects the company's commitment to enhancing investments in vital sectors within the UAE.
The 'Make in the UAE' forum recently held in Abu Dhabi highlighted the importance of boosting local manufacturing as an effective response to the increasing challenges of global supply chains. Experts emphasized that this approach is a fundamental pillar for ensuring business continuity and achieving economic security.
Economic forecasts indicate that the UAE will experience notable growth driven by massive investments and economic diversification. The government is preparing to enhance infrastructure and develop vital sectors.
Mubadala Investment Company announced that its total managed assets have reached <strong>AED 1.4 trillion</strong>, reflecting the success of its diverse investments in boosting economic growth in the UAE. This announcement comes at a time when the country is experiencing significant growth across various sectors.
As tensions rise due to the Iranian war, opinions diverge on Dubai's future. While some residents insist life continues normally, others fear the dream of Dubai may be fading.
Mubadala Investment Company announced its contribution of <strong>45 billion dirhams</strong> to Abu Dhabi's GDP in <strong>2025</strong>, reflecting its commitment to enhancing the national economy. The company aims to create quality job opportunities and attract global investments.
Dubai Ports World has announced its expectations to achieve revenues of <strong>$24.4 billion</strong> by 2025, reflecting ongoing growth in the maritime transport and logistics sector. This projection is part of the company's expansion strategy aimed at enhancing its global market position.
The UAE has announced the resumption of the truce, leading to improved sentiments in the tourism sector. Travel companies are cautiously moving towards recovery after the negative impacts of the COVID-19 pandemic.
The UAE stock markets experienced significant gains on Wednesday, with the Dubai Financial Market recording its highest one-day gains in over a decade. This surge followed U.S. President Donald Trump's announcement of a two-week ceasefire with Iran, boosting investor sentiment in the region.
The National Bank of Abu Dhabi has opened a new branch in Dubai, reflecting its commitment to enhancing banking services in the region. This opening aligns with the bank's expansion plans to meet customer needs.
Several Emirati companies have announced changes to their employment strategies, focusing on protecting current jobs while enhancing flexible roles. This shift responds to global economic challenges and aims to adapt to the evolving labor market.
The UAE government is set to unveil a new support package aimed at boosting the tourism sector as part of its efforts to recover from the economic impacts of the COVID-19 pandemic. This initiative reflects the country's commitment to revitalizing its economy.
Kizad Economic Zone has secured new projects valued at <strong>147 million dirhams</strong> following a drone-related incident that raised investor concerns. Despite the incident, Kizad remains committed to development and growth.
Real estate sales in Dubai have seen a significant increase, reaching <strong>176.7 billion dirhams</strong> in the first quarter of 2026. This growth reflects the continued strong demand for new properties amidst a stable market.
Abu Dhabi has announced plans to receive <strong>26.6 million visitors</strong> by 2025, marking a significant recovery in its tourism sector. Hotel revenues are projected to reach <strong>9.1 billion dirhams</strong>, reflecting the success of promotional strategies.
The United Arab Emirates has announced its readiness to launch a new support package aimed at enhancing the tourism sector amidst increasing regional tensions. This decision comes at a critical time as the country seeks to strengthen its local economy and attract more visitors.
Thani Al Zeyoudi, Minister of State for Foreign Trade, announced plans to increase the number of comprehensive economic partnership agreements for the UAE in 2025. This initiative aims to enhance economic relations with other countries.
Sheikh Mohammed bin Rashid Al Maktoum announced that the UAE has entered the top ten globally in goods exports, moving from 17th to 9th place in five years. This achievement reflects the rapid development of the country's trade sector.
The Department of Municipalities and Transport in Abu Dhabi announced that the total real estate transactions in the emirate will reach <strong>142 billion dirhams</strong> by 2025. This figure reflects the continuous growth in the real estate sector and strengthens Abu Dhabi's position as a leading investment hub.
During a field tour in Abu Dhabi, UAE Economy Minister Abdullah bin Touq confirmed the stability of prices and the availability of strategic goods in sufficient and safe quantities. These statements come amid notable fluctuations in global markets.
The UAE is experiencing a notable surge in shopping centers as visitors flock to take advantage of special offers and discounts. This activity reflects a significant economic recovery in the country.
Abu Dhabi Ports Group has confirmed the continuity of all its commercial operations despite current regional developments. This assurance comes at a time when the world is witnessing rapid changes affecting trade and transport.
Dubai, the renowned tourist city, has seen a significant drop in visitor numbers following escalating tensions in the region. Luxury hotels like the Fairmont have been impacted by security incidents, highlighting the fragility of the tourism sector in the face of geopolitical events.
The UAE economy exhibits high levels of financial and economic resilience, enabling it to adapt to global challenges. This resilience stems from effective resource management strategies and sustainable growth initiatives.
The UAE Central Bank announced the injection of over <strong>30 billion dirhams</strong>, equivalent to approximately <strong>$8.2 billion</strong>, to stabilize the financial market amid global economic challenges. This move reflects a proactive approach to ensure market confidence.
Sources indicate that the restoration of the aluminum complex in Abu Dhabi could take up to <strong>12 months</strong> due to significant damage caused by unforeseen circumstances. This situation has impacted aluminum production in the region.
The Central Bank of the UAE has announced a new credit facility package exceeding <strong>$8 billion</strong> to support commercial banks. This initiative aims to enhance financial stability in the country and provide necessary liquidity to banks amid current economic challenges.
The UAE has launched unique food offers priced at <strong>9.71 AED</strong>, featuring a range of restaurants and applications. These initiatives aim to enhance the dining experience and provide affordable options for residents and visitors alike.