- The UAE’s payments revenue reached $18.8 billion in 2023 and is projected to grow to $27.3 billion by 2028, with a compound annual growth rate (CAGR) of 7.8%.
- Transaction volumes in the UAE are expected to increase by 78%, reaching 3.1 billion by 2028.
- Global payments revenues are forecast to rise from $1.8 trillion in 2023 to $2.3 trillion by 2028 at a slower CAGR of 5%.
Category Archives: Business & Investments
Alpen Capital joins UN-supported Principles for Responsible Investment
Dubai – UAE, December 16, 2024: Alpen Capital is pleased to announce that it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI), world’s leading proponent of responsible investment.
Rohit Walia, Executive Chairman and CEO of Alpen Capital.
Supported by the United Nations, the PRI works to understand the investment implications of environmental, social and governance (ESG) factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.
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Shaker Announces Strategic Partnership with Stanley Black & Decker to Distribute BLACK+DECKER ®️ Appliances in Saudi Arabia
Riyadh, Saudi Arabia, December 12, 2024: Al Hassan Ghazi Ibrahim Shaker Co. (“Shaker”, the “Group” or the “Company”), Saudi Arabia’s leading importer, manufacturer and distributor of Air Conditioners and Home Appliances, is proud to announce a landmark strategic partnership with Stanley Black & Decker, the world’s largest renowned American manufacturer of power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world’s makers, creators, tradespeople, and builders.
Continue reading Shaker Announces Strategic Partnership with Stanley Black & Decker to Distribute BLACK+DECKER ®️ Appliances in Saudi ArabiaDepartment of Energy – Abu Dhabi Wins Visionary Leadership Award as IDRA World Congress 2024 Concludes
Abu Dhabi, December 14, 2024 – The Department of Energy – Abu Dhabi (DoE) has been awarded the prestigious Visionary Leadership for the Most Progressive Disruptive Policy in Water Reuse Award at the IDRA World Congress 2024 Gala Awards Dinner.
The award, presented during a ceremony at the Emirates Palace Hotel, recognizes the DoE’s pioneering efforts in tackling global water challenges and its commitment to innovative policy-making in water reuse. The event was attended by senior leadership from the energy and water sectors along with esteemed attendees of the congress.
Continue reading Department of Energy – Abu Dhabi Wins Visionary Leadership Award as IDRA World Congress 2024 ConcludesUAE participates in ComeUp 2024 in Korea to enhance growth opportunities for national SMEs and support them in their expansion to foreign markets
UAE delegation included 28 SMEs that showcased their products & services based on advanced technology
Abu Dhabi, 15 December 2024:
A UAE delegation, led by Her Excellency Alia bint Abdullah Al Mazrouei, Minister of State for Entrepreneurship, participated in the ComeUp startup festival held in the Korean capital, Seoul, recently. The UAE’s participation in the forum was aimed at enhancing cooperation with Korea in the fields of entrepreneurship, SMEs, advanced technology and innovation, and exchanging experiences and policy frameworks in these fields.
UAE News 24/7 