Category Archives: Business & Investments

Business & Investments

Economic confidence among finance professionals hits highest level since first half of 2023  

Economic confidence among finance professionals hits highest level since first half of 2023  

Key indices remain indicative of an upbeat picture for the Middle East

Dubai, UAE; April 30, 2024: Accountants and finance professionals are more confident in the global economy than they have been since Q2 2023. The latest ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) Global Economic Conditions Survey (GECS) saw a moderate increase in confidence to put the index just above its historical average.

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Business & Investments, Hotels & Hosppitality, Real Estate

One Za’abeel launches The Offices, Dual Licensed Office Space in One Za’abeel Tower

One Za’abeel launches The Offices, Dual Licensed Office Space in One Za’abeel Tower

Dubai, 30 April 2024: One Za’abeel, the iconic mixed-use development developed by ICD (Investment Corporation of Dubai), is pleased to announce the launch of The Offices, its ultra-luxurious dual licensed corporate office spaces in One Za’abeel Tower. The Grade-A offices are set to become Dubai’s ultimate business address, attracting global and local organisations alike with its unique dual licensing for both Dubai World Trade Centre Free Zone (DWTC FZ) registered companies and those registered under the mainland.

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Business & Investments

India’s economic trajectory is poised for substantial growth

Written by Abbas Shah, freelance writer at Milabalyawmi

India’s economic trajectory is poised for substantial growth, with estimates from 6.5 percent increase in the fiscal year 2024-25, reaching 7 percent by 2026. Data from the quarter ending September showcased a robust 7.6 percent year-on-year expansion, positioning India as an enticing foreign investment destination set to surpass China’s growth forecast.

Even the IMF’s conservative projections anticipate India emerging as the world’s third-largest economy by 2027, surpassing Japan and Germany, with a GDP exceeding US$5 trillion. This economic momentum is bolstered by resilient growth and favorable demographics, as India boasts the world’s largest young population with a median age of 28.2 years.

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Business & Investments

ECI Highlights Growth and Sustainability in Global Trade Finance at the Berne Union Spring Meeting in Oslo

ECI Highlights Growth and Sustainability in Global Trade Finance at the Berne Union Spring Meeting in Oslo

  • H.E. Raja Al Mazrouei: We are developing innovative solutions to support exports and global trade by employing big data and artificial intelligence

Dubai, United Arab Emirates; 29 April 2024: 

Etihad Credit Insurance (ECI), the UAE’s Federal export credit company, participated in the Berne Union Spring Meeting held in Oslo, Norway, from 23rd to 25th April, which explored the ECAs’ role in a rapidly changing global trade landscape and in fostering international trade. At the meeting, ECI highlighted the crucial role of strategic partnerships in mitigating risks and bolstering national economies.

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Business & Investments

Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses

Unleashing Growth: DIFC Emerges as Premier Global Hub for Family Businesses

  • Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs.
  • His Excellency Abdulla bin Touq Al Marri, Cabinet Member and UAE Minister of Economy, DIFC leadership and leading family businesses convene to mark DIFC Family Wealth Centre 1-year anniversary.
  • More than 440 registered foundations and over 600 active entities affiliated with top family businesses and individuals in DIFC as of 2023.
  • Home to more than 120 of the world’s wealthiest families and individuals, with a total net worth exceeding USD 1trn.
  • Updated DIFC Family Arrangements Regulations provide greater privacy through a Private Registry option.
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