Thursday, April 16, 2026

billion dirhams

Abu Dhabi Ports launches new terminal at Khalifa Port at a cost of 3.1 billion dirhams

Abu Dhabi Ports Group announced the launch of the “CMA Terminals” station Khalifa Port“As part of a joint venture with the CMA CGM Group, to enhance Khalifa Port’s capacity and support its position as a global logistics hub. Joint venture...

Insurance premiums in the UAE rise 18.5% to 21.1 billion dirhams

Total claims paid for all types of insurance plans in the UAE increased by 18.3% year-on-year to reach AED 8.4 billion in the first quarter of 2024. Total increased Insurance premiums Subscriptions increased by 18.5% on an annual basis in...

The UAE Central Bank increases its gold balance to 19.6 billion dirhams

Gold is among the various assets owned by the UAE Central Bank, which include liquid funds, certificates of deposit, and securities held until maturity. Balance increased Central Bank of the Emirates from gold By 12.6% to 19.615 billion dirhams at...

Emirati energy revenues increased to 13.7 billion dirhams

TAQA began 2024 with strong financial performance, driven by the contribution of Sustainable Water Solutions and notable growth in the electricity and water sectors. Abu Dhabi National Energy Company “Taqa” announced its financial results for the first quarter of 2024,...

UAE banks increase their capital and reserves by 13.3% to 496.8 billion dirhams

National banks accounted for 86.5% of the total capital and reserves of banks operating in the Emirates, with a value of 429.4 billion dirhams at the end of last January. The capital and reserves of banks in the Emirates increased...

Latest News

Abu Dhabi to Host Biggest Make it in Emirates Edition

Abu Dhabi is set to host the biggest Make it in the Emirates edition. The event will take place from May 4-7.

US Lifts Shelter Advisory in UAE

The US has lifted its shelter advisory in the UAE. This decision was made after a halt in drone and missile attacks in the country.

LIV Golf Funding Cut by Saudi Arabia

A report suggests Saudi Arabia is preparing to cut off funding for LIV Golf. This development may have significant implications for the golf tour's future.

Bain Capital Opens Office in Abu Dhabi, Deepening Long-Term Commitment to the Middle East – Bain Capital

Bain Capital has opened an office in Abu Dhabi. That's a big deal. And it deepens the company's long-term commitment to the Middle East....

UAE Vice President Discusses De-Escalation Efforts

The UAE vice president has engaged in discussions with Iran's parliament speaker to explore de-escalation efforts. This development is part of ongoing efforts to enhance relations between the UAE and Iran.