Category Archives: Business & Investments

Business & Investments

Deloitte symposium explores role of Public-Private Partnerships and Technology in addressing financial crime

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Deloitte symposium explores role of Public-Private Partnerships and Technology in addressing financial crime

  • The gathering provided insights on the delisting of the United Arab Emirates from FATF ‘grey’ watchlist

Dubai, United Arab Emirates, 19 March 2024 – The leading global professional services firm, Deloitte, hosted the seventh annual Financial Crime Symposium in Dubai, gathering professionals from various sectors of the global financial services industry, including law enforcement, regulatory bodies, financial institutions and experts in the field of financial crime.

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Business & Investments

ADIB Named Best Bank for Sustainability Linked sukuk in the Middle East

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ADIB Named Best Bank for Sustainability Linked sukuk in the Middle East by Global Finance for its $500 million green sukuk

Abu Dhabi, 19 March 2024: Abu Dhabi Islamic Bank, a leading financial institution, has been recognized as the Best Bank in the middle east for Sustainability Linked Bonds/ sukuk at the Global Finance 2024 Sustainable Finance Awards.

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Business & Investments

The market predicts a 99% chance that the Fed will keep interest rates unchanged at tomorrow’s meeting – Market Updates from CPT Markets

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The market predicts a 99% chance that the Fed will keep interest rates unchanged at tomorrow’s meeting – Market Updates from CPT Markets

In-depth market analysis by Vikas Lakhwani, Chief Revenue Officer, CPT Markets

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Business & Investments

Pharmatrade launches its Logistics Centre in KEZAD

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Pharmatrade launches its Logistics Centre in KEZAD

This new centre will ensure uninterrupted medical supplies to Abu Dhabi and Al Ain.

Abu Dhabi, UAE – 19 March 2024: Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and the UAE-based Pharmatrade today announced the opening of Pharmatrade’s Abu Dhabi Logistics Centre.

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Business & Investments

Dubai’s MICE sector grows 25% while events industry clocks Dh165 billion in 2023 as Alltech Events doubles turnover

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Dubai’s MICE sector grows 25% while events industry clocks Dh165 billion in 2023 as Alltech Events doubles turnover

Dubai, UAE; March 19, 2024

News Highlights:

  1. The event industry in Dubai is estimated to be worth Dh165.15 billion (US$44.7 billion) in 2023 and grow at a Compound Annual Growth Rate (CAGR) of 25% from 2023 to 2027.
  • Dubai’s exhibitions, conferences, seminars and business events sector has recorded a 25 percent growth last year as Dubai World Trade Centre (DWTC) said it has attracted 2.47 million participants in 2023.
  • The events industry supports 100,000 jobs in Dubai while it will create a further 10,000 more in the next five years.
  • The Meetings, Incentives, Conferences, and Exhibitions (MICE) industry in the UAE is expected to grow at 8.5 per cent during the 2023-30 from US$5.21 billion to US$9.22 billion by 2030 due to increasing business events, exhibitions and conferences in the country.
  • According to Market Decipher, a research entity, Middle East Event Services Market shall reach a value of US$144.2 billion in 2033, growing with a CAGR of 12.1% during the forecast period of 2023 to 2033.
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