Browsing: Billion

HE Dr Thani Al Zeyoudi: ‘The UAE and China share a longstanding economic partnership, built on decades of cooperation and a shared vision for prosperity.’ BEIJING, 13th April 2026 (WAM) – The UAE-China Business Promotion Conference, held under the theme ‘From Vision to Value’, gathered ministers, senior officials, and business leaders from both countries to explore new avenues for collaboration, investment and innovation. The conference was held on the sidelines of the official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, who is leading a high-level delegation to the People;s Republic

Total transactions reached AED 66 billion across 13,518 transactions Sales and purchases drove the majority of activity, totalling AED 50.97 billion (up 228.6%), while mortgage transactions reached AED 15.03 billion (up 53.4%). Development activity continued to expand, with 16 new projects registered Hudayriyat Island emerged as the top-performing area with AED 11.97 billion in transactions, followed by Reem Island (AED 9.45 billion) and Saadiyat Island (AED 8.8 billion). Strong demand continues to outpace supply, emphasising the market strength Foreign direct investment saw growth of 423%, reaching AED 8.27 billion from inve

Dubai, UAE, March 31, 2026: du, the leading telecom and digital services provider, held its Annual General Assembly Meeting at its headquarters in Dubai Hills Business Park 2, Dubai. At the meeting, shareholders approved the financial statements for the year ended 31 December 2025 and endorsed the Board of Directors; recommendation to distribute a cash dividend of AED 1.8 billion for the second half of 2025. This brings the total cash dividends for 2025 to AED 2.9 billion. With a dividend of AED 40 fils per share for the second half of the year, du’s total cash dividend for 2025 reaches AED 64 fils per share, marking a new benchmark in

Elon Musk’s SpaceX has entered discussions with Saudi Arabia’s Public Investment Fund (PIF) for a potential $5 billion anchor investment in the space company’s highly anticipated IPO, according to sources familiar with the talks. The move signals a potential deepening of the relationship between the Saudi sovereign wealth fund and Musk’s portfolio of tech companies. […] The post Saudi Public Investment Fund in Talks for $5 Billion Anchor Investment in SpaceX’s Mega-IPO first appeared on MENA Startup Digest.

Further increase in deliveries: 10,747 cars delivered worldwide Revenue exceeds €3 billion once again (€3.20 billion) Operating income at €768 million with profitability at 24% Sant;Agata Bolognese, 19 March 2026 – Following the recent announcement of a new delivery record of 10,747 cars, Automobili Lamborghini closes 2025 with the highest revenue in its history, exceeding the €3 billion threshold for the second consecutive year and reaching €3.20 billion, up 3.3% compared to the previous year. In a year characterised by a complex and constantly evolving macroeconomic environment, the company demonstrated

Strong participation from all primary dealers, reflected in an oversubscription of 4.4 times with bids totalling AED 4.85 billion. Competitive Yield to Maturity (YTM) achieved of 3.73% for the T Bond tranche maturing September 2027 and 3.85% for the T-Bond tranche maturing January 2031, at a comparative tight spread of up to 16 basis points above comparable US Treasuries at the time of issuance. Abu Dhabi, UAE – 14 March 2026 The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the March 2026 auctio

The United Arab Emirates is joining the State of Kuwait in celebrating its National Day, observed annually on 25th More…

The UAE announced a further US$1.2 billion for supporting Gaza through the Board of Peace. H.H. Sheikh Abdullah bin More…

Networking reception celebrates UAE’s contribution to German and European energy security and economic growth ADNOC, XRG and Masdar have invested more than €38 billion in energy and industrial projects across the continent UAE’s energy and industrial investments in Germany exceed €18 billion, with plans to increase this to around €30 billion over the next decade Dr Sultan Al Jaber, hosting the event, says UAE “is proud to be a partner that Germany and Europe can count on” The event was attended by 300+ government and business leaders from the UAE and Europe Munich, Germany – February 14, 2026: The UAE