UAE banking sector assets rise to AED 5.57 trillion in April 2026 UAE banking sector assets rose to AED 5.57 trillion at end‑April 2026 as credit and resident deposits increased, …
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SpaceX Seeks $1.8 Trillion Valuation and $75 Billion IPO Amid AI Pivot
by James Bryantby James BryantSpaceX IPO Aims for $1.8 Trillion Valuation as Company Expands into AI and Orbital Data Centers SpaceX IPO seeks a $1.8 trillion valuation and up to $75 billion in proceeds, …
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Gulf Cooperation Council economies mark May 25, 2026 anniversary with $2.4tn GDP and accelerated non-oil growth On May 25, 2026 the Gulf Cooperation Council marks its anniversary as GCC economies …
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UAE affirms record reserves and $2.9 trillion sovereign funds, vows infrastructure overhaul
by James Bryantby James BryantUAE financial resilience backed by record reserves and $2.9tn sovereign assets, says economist UAE financial resilience is underpinned by record central bank foreign reserves and roughly $2.9tn in sovereign assets, …
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UAE Banks Record AED 5.56 Trillion Assets as Deposits Rise AED 106 Billion
by James Bryantby James BryantUAE banking sector assets rise to AED 5.556 trillion as deposits and credit surge UAE banking sector assets reached AED 5.556 trillion by end-March 2026, with deposits, credit and payments …
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Samsung Heirs Settle 12 Trillion Won Inheritance Tax on Lee Kun-hee Estate
by James Bryantby James BryantSamsung heirs complete 12 trillion-won Samsung inheritance tax payment Samsung heirs complete roughly 12 trillion-won inheritance tax on late chairman Lee Kun‑hee’s estate, fulfilling a five-year repayment plan that began …
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The Arab Corporation for Investment Assurance and Export Credit (guarantee) revealed the growth of Arab GDP by 1.8%, to exceed 3.6 trillion dollars, during the year 2024, with its continued …
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The assets of the banking sector in the UAE recorded a great leap, last December, as it increased by 108.6 billion dirhams during a month, bringing the total assets owned …
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Business
We are determined to continue supporting the Dubai real estate sector and enhance its value to one trillion dirhams
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, said through his official account on the social networking …
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Financial transfers in the country’s banking sector, which took place through the Central Bank system, recorded their highest level ever at the end of the first 10 months of last …