All posts by uaenews247

Business & Investments

Abu Dhabi’s Economy Thrives: Non-Oil Trade Hits AED 415.4 Billion

Non-oil exports soar 63%, re-exports 20%, and imports 22%

Abu Dhabi- … April 2026:

Statistics released by Abu Dhabi Customs reveal a significant rise in the emirate’s non-oil foreign trade in 2025, increasing by 36% to exceed AED 415.4 billion, compared with approximately AED 306 billion in 2024. This growth reflects Abu Dhabi’s leading position as one of the world’s fastest-growing economies in external trade, driven by expanding commercial activity and strengthened economic partnerships with global markets.

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Technologies

LaLaZar Launches Interactive Virtual Mall for Retail Innovation

LaLaZar Unveils the World’s First Interactive Virtual Mall, Introducing a More Flexible and Sustainable Economic Model for Retail

Middle East retail market projected to exceed $162 billion by 2026

Dubai, UAE – April 28, 2026

Amid rising operational costs and ongoing economic pressures across the retail sector, LaLaZar has announced the launch of the world’s first interactive virtual mall—introducing a next-generation shopping model that goes beyond digital innovation to redefine how businesses sustain and scale in challenging market conditions.

LaLaZar delivers a fully immersive experience that seamlessly blends digital and physical elements. Users can enter the platform through personalized avatars, explore virtual storefronts, interact with others in real time, and discover products through content creators—transforming the traditional shopping journey into a dynamic, social, and content-driven experience.

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Business & Investments, Technologies

Navigating AI and Blockchain in Finance

ABU DHABI, UAE, 28th April 2026 — ADGM’s Registration Authority (RA)and Hashed Open Research (HOR), a Hashed policy think tank, have co-authored a new policy report synthesising insights from the “Web3 Leaders Roundtable,” convened in partnership with Hashed during Abu Dhabi Finance Week (ADFW) 2025.

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Business & Investments, Technologies

OKX and BlackRock Launch Tokenized Treasury Yield Collateral Framework

• OKX to accept BlackRock’s tokenized short-term US treasury fund, BUIDL, as yield-bearing collateral for trading

• Standard Chartered to provide a comprehensive and reliable custody offering, the first-ever G-SIB-backed off-exchange tokenized collateral framework

• Initiative scales utility of tokenized real-world assets (RWA) and enables broader market participation

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Business & Investments

Ajman Bank Reports AED 134M Profit in Q1 2026

H.H. Sheikh Ammar bin Humaid Al Nuaimi chairs Ajman Bank Board meeting; profit before tax of AED 134 million in the first quarter

Total revenue up 22% to AED 443 million

Ajman, United Arab Emirates – 29 April 2026. Ajman Bank PJSC reported a strong first quarter on Wednesday, posting net profit before tax of AED 134 million and net profit after tax of AED 130 million, as total revenue rose 22% year-on-year to AED 443 million, reflecting growth across the Bank’s core financing, treasury and fee-generating businesses.

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