Author: MoneySecrets

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, met with H.E. Gilles Roth, Minister of Finance of Luxembourg, to discuss ways to expand bilateral cooperation across several key sectors, particularly finance, trade, innovation, and emerging technologies, in line with the two nations’ shared goals for inclusive and sustainable development. The meeting, held at the headquarters of the Investment Corporation of Dubai, emphasized the importance of enhancing bilateral economic ties and exploring new avenues for collaboration, especially in developing flexible financial systems capable of meeting the demands…

ARM Holding, a UAE-based multidisciplinary investment company, has announced a strategic partnership with renowned architecture studio BIG – Bjarke Ingels Group to launch a visionary urban masterplan revitalizing the area surrounding Jebel Ali Racecourse. Spanning 5 square kilometers, the project aligns with Dubai’s Urban Master Plan 2040 and represents a bold new approach to sustainable city-making. The development reimagines the racecourse as an interconnected urban oasis composed of islands linked by green space, centered around a vibrant central park, and enriched with community-focused infrastructure that blends global design with Emirati cultural identity. Mohamed Saeed Al Shehhi, CEO of ARM Holding,…

The UAE has invested over AED 294 billion (USD 80 billion) in its local petrochemicals sector as of Q1 2025, reflecting a strategic push to diversify the economy and expand the country’s non-oil industrial base. According to a report by the Abu Dhabi-based InterRegional for Strategic Analysis, these investments solidify the UAE’s status as a leading regional industrial hub. Key projects include major production expansions and integration efforts, especially in the Ruwais Industrial Complex and the “TA’ZIZ” project, which aims to create the UAE’s largest integrated petrochemical hub with an initial investment of AED 11 billion. In February 2025, ADNOC…

Alpha Dhabi Holding has posted strong financial results for the period ending 31 March 2025, with adjusted EBITDA rising to AED 4.4 billion—a 33% increase compared to the same period last year. The group’s revenue reached AED 17.4 billion, up 23% year-on-year, reflecting the strength and diversity of its portfolio and its consistent track record of sustainable growth. Net profit stood at AED 2.1 billion, while total assets reached AED 185.2 billion and total equity amounted to AED 93.5 billion, underscoring the group’s robust financial position and strategic readiness for further geographic expansion and acquisitions. Key sector contributions to…

During the Arabian Travel Market, VIDEC unveiled a new study projecting that the total air travel market in the UAE will reach $5.4 billion by 2028, up from $4.2 billion in 2024, reflecting a 6.9% compound annual growth rate (CAGR) and a 32% increase compared to 2019. The estimates are based on a demand-side methodology that evaluates market opportunities based on bookings made from local points of sale. The study, titled “VIDEC Assessment of the Travel Market and Online Travel Agency Standards”, covers the period from 2019 to 2028 and highlights the fastest-growing segments, market forecasts, and key distribution trends…

PureHealth Holding announced its financial results for a three-month period, reporting an 8% year-on-year increase in revenue, reaching AED 6.6 billion, supported by strong performance across its various sectors. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 5%, reaching AED 1.1 billion, while net profit grew by 3% year-on-year, reaching AED 505 million. Kamal Al Mazrouei, Chairman of PureHealth Group, stated that these strong results reflect the strength of the Group’s integrated healthcare model and the effectiveness of its long-term strategy. Shaista Asif, CEO of PureHealth Group, said that the first quarter results reflect strong growth across all…

According to a press release issued, Dubai Financial Market (DFM) recorded a significant 41.8% increase in its net profit during the first quarter of 2025, reaching AED 127.06 million compared to AED 89.59 million in the same period of 2024. This growth was driven by record trading activity, with pre-tax profit rising to AED 134.9 million, up from AED 95.6 million in Q1 2024. DFM witnessed the highest average daily trading value in over a decade at AED 663 million, marking a 67% year-on-year increase. Total trading value surged by 61% to AED 41 billion, compared to AED 25.5 billion…

Emsteel Group has announced the launch of its first Green Finance Framework, a strategic step aimed at aligning its financial policies with long-term environmental goals and reinforcing its position as a key contributor to the region’s sustainable finance landscape. The framework enables Emsteel and its subsidiaries to issue a variety of green financial instruments, including green bonds, loans, commercial papers, and medium-term notes in various currencies. Proceeds from these instruments will be exclusively allocated to finance or refinance eligible green projects that meet strict environmental criteria. These projects include the production of low-carbon steel and cement, the development of renewable…

In an episode of “Money Secrets” podcast hosted by Ahmed Elgamal, Youssef Salem, CFO of ADNOC Drilling, shared his valuable perspectives on crucial financial strategies for business growth and stability. Salem’s insights offer a practical framework for entrepreneurs and financial professionals seeking to optimize their approach to expansion, investment, and risk management. Salem explained that while expansion is crucial for business development, it must be approached strategically. Rapid expansion without careful planning can lead to financial strain and instability. He advises businesses to ensure adequate resources and a strong foundation before pursuing aggressive growth strategies. “You have to look at…

In an episode of the Money Secrets podcast, hosted by Ahmed Elgamal in collaboration with the Mohammed bin Rashid Al Maktoum Knowledge Foundation, Lieutenant General Dhahi Khalfan Tamim, Dubai’s Deputy Chief of Police and General Security, offered a sharp perspective on what keeps a nation truly secure. “Without knowledge, you can’t protect or progress,” he said. For Khalfan, learning isn’t just a cultural value – it’s a strategic necessity. In today’s fast-moving world, he believes informed citizens and decision-makers are key to staying one step ahead of threats. He also highlighted how Dubai is using artificial intelligence to transform public…