UAE GDP grows by 7.9% in 2022
Abdullah bin Touq Al Marri, Minister of Economy, said that the preliminary estimates of the UAE’s gross domestic product (GDP) for 2022, issued by the Federal Competitiveness and Statistics Centre, reaffirm the robustness of the country’s economic performance and its achievement of positive growth rates that exceeded estimates. The UAE’s GDP in 2022 at constant […]
Emirates SkyCargo to double capacity, add 20 new cities
Emirates SkyCargo has added 2 Boeing 747-400Fs to its freighter fleet, showing its strong confidence in the global cargo market. The cargo division of Emirates, the world’s largest international airline, is expecting 15 more freighters to join its fleet from announced orders and its freighter conversion programme, plus a boost in belly-hold capacity from […]
Dubai Chambers to showcase private sector role, expand networks at WCC in Geneva
Dubai Chamber is set to highlight the key role played by the emirate’s private sector worldwide and expand its global networks, bilateral trade, and business reach during the 13th World Chambers Congress (WCC) in Geneva, Switzerland, from 21st-23rd June 2023. As a diamond sponsor of the 13th WCC, which is held under the theme of […]
Alpha Dhabi and Mubadala form joint venture to invest up to $2.5bn in global credit market
Alpha Dhabi Holding, a unit of Abu Dhabi’s International Holding Company, and the emirate’s sovereign wealth fund Mubadala Investment Company are forming a joint venture to co-invest in private credit opportunities amid a tightening monetary environment globally. As part of the partnership, the two companies will collectively invest up to Dh9 billion ($2.5 billion) over the next […]
DP World celebrates its latest milestone with 100,000th employee
DP World celebrated its latest milestone this week, passing 100,000 employees globally, as the company continues its journey from a Dubai-based port operator to a truly global, end-to-end logistics provider. Fatima Alburaimi, a 28-year-old Emirati national was welcomed as the company’s 100,000th employee. She joins DT World, a trade solutions service developed by DP […]