Author: MoneySecrets

Dragon Oil, fully owned by the Government of Dubai, concluded its successful participation in the GOTECH 2025 Conference and Exhibition held recently in Dubai by announcing the signing of a series of strategic agreements and memoranda of understanding, reaffirming its commitment to international expansion and strengthening its leadership position in the energy sector. The agreements included a collaboration with Business Oil Africa to develop oil and gas assets in Gabon, a new concession agreement with the Egyptian General Petroleum Corporation for exploration and production in the East Hamad area, and a memorandum of understanding with Qorum to accelerate digital transformation…

Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology, Managing Director and Group CEO of ADNOC and its affiliated companies, visited the headquarters of OMV in Vienna. They discussed ways to enhance the strategic partnership between the two sides. The visit comes amid ongoing progress in establishing “Borouge International”, which is a new entity resulting from the integration of ADNOC’s and OMV’s stakes in Borouge and Borealis. The new group is set to acquire NOVA Chemicals, positioning it as the world’s fourth-largest producer of polyolefins. This step marks a major milestone in ADNOC’s global growth strategy and its…

The World Bank expects the United Arab Emirates’ economy to grow by 4.6% in 2025, the highest rate among all Gulf Cooperation Council (GCC) countries, with projections indicating a further increase to 4.9% in 2026. These forecasts were included in the World Bank’s latest economic update for the Middle East and North Africa, announced during the Spring Meetings in Washington under the title, “How the Private Sector Can Strengthen Growth in the Middle East and North Africa.” Previously, the World Bank had projected in its January Global Economic Prospects report that the UAE’s economy would grow by 4% in 2025.…

Abu Dhabi National Oil Company (ADNOC) has raised $1.5 billion through the sale of dollar-denominated sukuk with a ten-year maturity, as part of its recently launched international sukuk program. The issuance, carried out by ADNOC Murban, a subsidiary specialized in issuing debt instruments in global capital markets, attracted orders exceeding $3.85 billion. The sukuk were priced at 60 basis points over U.S. Treasury bonds. Standard Chartered acted as the sole global coordinator, while Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, Morgan Stanley, and Mitsubishi UFJ Financial Group served as…

The Dubai International Financial Centre (DIFC) has reported a significant 35% growth in total gross written insurance premiums in 2024, reaching $3.5 billion, underscoring its growing role as a major hub for the insurance and reinsurance industry in the region. As part of the Dubai World Insurance Congress 2025, DIFC is hosting the largest-ever gathering of insurance and reinsurance professionals, welcoming 1,700 participants from 82 countries, according to a press release issued today. This wide participation reinforces DIFC’s position as the region’s only specialized platform for the insurance and reinsurance sector. More than 6,000 business meetings have been scheduled during…

Tourism and investment leaders gathered at the Arabian Travel Market to discuss the vital role of strategic investment in unlocking the full potential of the tourism sector across the Middle East. During a high-level panel session on the event’s Global Stage, speakers explored how advanced government policies, innovative development, and close collaboration between the public and private sectors are accelerating sustainable tourism growth throughout the region. The participants agreed that diversifying tourism offerings is essential for ensuring long-term sustainability. The panel emphasized that strategic diversification is no longer optional but a necessary component for continued growth, helping attract a wider…

The White House announced that the United Arab Emirates has committed to investing $1.4 trillion in the U.S. economy over the next ten years as part of a long-term strategic partnership. The announcement follows a high-level meeting between senior Emirati officials and U.S. President Donald Trump. According to a White House official, this major investment will significantly strengthen economic ties between the two countries. It will focus on key strategic sectors such as artificial intelligence, semiconductors, infrastructure, energy, and manufacturing—reflecting mutual trust and a shared vision for fostering innovation and achieving sustainable economic growth. Source: Al Khaleej Newspaper

DP World recorded a strong performance during the first quarter of 2025, handling 22.29 million twenty-foot equivalent unit (TEU) containers across its global terminals, marking a 7.5% increase compared to the same period in 2024. This remarkable growth is attributed to rising demand for maritime shipping services and the group’s expanding operations across global markets. Container handling volumes in the Asia-Pacific and Indian subcontinent regions rose by 3.2% to 10.65 million containers, while Europe, the Middle East, and Africa saw a 13.7% increase, reaching 8.34 million containers. The company achieved a 7.3% growth in the Americas and Australia, handling 3.29…

Dubai’s real estate market continues to break records, with the Dubai Land Department reporting over AED 22.7 billion in transactions across 5,319 deals within a single week. This remarkable performance comes despite ongoing global market disruptions and rising trade tensions between the United States and China, surpassing the previous peak of AED 22 billion registered last December. The strong performance reflects the sustained demand from both local and international investors, highlighting the resilience of Dubai’s real estate market amid geopolitical and economic fluctuations, and reinforcing the city’s appeal as a safe investment destination. In detail, the Dubai Land Department recorded…

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Board of Trustees of the Dubai Future Foundation, has directed the organization of a new global conference titled “AI@70” during Dubai AI Week 2026, marking the 70th anniversary of the first introduction of the term “Artificial Intelligence” at the Dartmouth Conference in 1956. Organized in collaboration with Dartmouth College, the conference will be held under the theme “Towards a Global Humanity,” bringing together leading experts and thinkers in AI, business, technology, philosophy, arts, and sciences. It…