Business & Money | Thursday 28 November, 2024 9:32 am

UAE’s Net Wealth Reached USD 2.9 Trillion in 2023, Reveals BCG Global Wealth Report

Boston Consulting Group's (BCG) annual global wealth report, Global Wealth Report 2024: The GenAI Era Unfolds revealed that the United Arab Emirates' (UAE) net wealth reached USD 2.9 trillion in 2023. The UAE's financial wealth grew by 10% from 2022 to 2023, versus the Middle East and Africa's 8%....

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Business & Money | Thursday 28 November, 2024 9:28 am

Global study from Checkout.com reveals Generation Alpha’s rising influence in Digital Economy

 A global study released by Checkout.com, leading global digital payments provider, highlights the consumer buying behaviour of Generation Alpha, which is powering today’s digital economy. The research, conducted across the UAE, UK, US, and China, reveals and compares a number of trends,...

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Business & Money | Thursday 28 November, 2024 9:26 am

Azizi Developments unveils Monaco Mansions, part of Azizi Venice, at grand launch event

Azizi Developments, a leading private developer in the UAE, has unveiled Monaco Mansions, marking a new chapter in ultra-luxury mansion living within its mixed-use development, Azizi Venice. Set entirely on a swimmable, crystal-blue body of water - one of the largest lagoons of its kind in the...

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Business & Money | Wednesday 27 November, 2024 11:22 am

UAE key contributor to achieving SDGs: FAO

AbdulHakim Elwaer, FAO Assistant Director-General and Regional Representative for the Near East and North Africa, has said that the UAE is a leader in environmental sustainability, with ambitious commitments, targets and innovative projects demonstrating a proactive approach to tackling climate...

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Business & Money | Wednesday 27 November, 2024 11:20 am

DFSA takes decisive action by finalising eight enforcement cases in 2024 against individuals, firms

The Dubai Financial Services Authority (DFSA), the independent regulator of financial services, conducted in, and from, the Dubai International Financial Centre (DIFC) has, 2024 year to date, taken eight enforcement actions and issued 24 alerts. These actions targeted individuals and entities that...

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Business & Money | Wednesday 27 November, 2024 11:03 am

Abu Dhabi Finance Week unveils agenda for 2024 edition

Under the esteemed patronage of H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, Abu Dhabi Finance Week (ADFW) has unveiled a compelling agenda for this year’s event that will take place from 9th to 12th December...

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Business & Money | Wednesday 27 November, 2024 11:01 am

ENEC, ADNOC to explore use of advanced nuclear technologies, excess heat utilisation for oil, gas operations

The Emirates Nuclear Energy Company (ENEC) announced it has signed a Strategic Collaboration Agreement (SCA) with ADNOC to research and explore developing innovative energy solutions to enhance energy efficiency in support of the UAE's energy diversification strategy. This agreement involves a ...

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Business & Money | Wednesday 27 November, 2024 11:00 am

Abu Dhabi Chamber projects UAE food, beverage sector’s revenues to reach AED 141 billion in 2024

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) revealed a 19 percent increase in food and beverage exports from the UAE during the first half of 2024 and projected a surge in the sector’s revenue to reach US$38.3 billion (AED 141 billion), highlighting the success of the food and beverage ...

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Business & Money | Wednesday 27 November, 2024 10:57 am

World Economic Forum lauds Dubai's model in securing emerging technologies

The World Economic Forum (WEF), in a recent study, highlighted the Dubai Electronic Security Center’s (DESC) contributions to Dubai’s leading model in securing emerging technologies, integrating them into the digital infrastructure, and safely deploying them across various economic...

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Business & Money | Wednesday 27 November, 2024 10:55 am

Economy Minister says Vision 2030 maintains strong momentum in 8th year

Saudi Arabia's Minister of Economy and Planning, Faisal Al-Ibrahim, stated that the Kingdom's Vision 2030 is progressing steadily and with high momentum in its eighth year, just as it was in its first year. At the 2025 Budget Forum, Al-Ibrahim emphasized that Saudi Arabia’s overall...

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