Economy

DEWA, Acwa Sign AED 1.76 Billion Agreements for Hassyan Desalination Project Expansion

News Editor 06/11/2026

Dubai Electricity and Water Authority (DEWA) has signed two agreements worth AED 1.76 billion (USD 478 million) with Acwa to develop the second phase of the Hassyan seawater reverse osmosis (SWRO) desalination project in Dubai. The Water Purchase Agreement and Shareholder Agreement were signed

Economy

Ajman Government Media Office, Ajman DED join forces to boost creative economy

News Editor 05/11/2026

The Ajman Government Media Office and the Ajman Department of Economic Development (Ajman DED) have signed a strategic partnership agreement to support the emirate’s growing creative economy and promote investment in media, technology and artificial intelligence. Under the agreement, Ajman DED will serve as the Creative Economy Partner for Ajman Media Forum THE SIGNAL

Economy

First Abu Dhabi Bank’s nine-month net profit rises 3% to AED16.46 billion

News Editor 29/10/2026

First Abu Dhabi Bank (FAB) reported a 3 percent year-on-year increase in group net profit to AED16.46 billion for the first nine months of 2026, supported by higher revenue, increased lending activity and continued cost discipline. The UAE’s largest bank by assets recorded a 7 percent rise in operating income to AED29.71 billion, while profit […]

Economy Kuwait

Kuwait Central Bank Accelerates Digital Banking Transformation as Cashless Transactions Reach 84%

News Editor 28/10/2026

The Central Bank of Kuwait (CBK) is advancing the country’s banking sector through digital innovation, modern payment systems, stronger cybersecurity measures and regulatory reforms aimed at building a secure and efficient financial ecosystem. Kuwait’s journey towards digital banking began in 1979 with the introduction of its first automated teller machine

Economy

Dubai International Chamber Backs Metito Utilities’ Expansion into Mozambique

News Editor 23/10/2026

Dubai International Chamber has facilitated the expansion of Dubai-based Metito Utilities into Mozambique, supporting the company’s efforts to strengthen its presence in Africa’s water infrastructure sector. Metito Utilities, an investor, developer and operator of sustainable water and wastewater infrastructure, has entered into a Memorandum of Understanding

Economy Markets UAE

DIP Holding Announces Plans for IPO on Dubai Financial Market, Offering 20% Stake

News Editor 19/10/2026

Photo Credit: WAM DIP Holding Plc, the owner of Dubai Investments Park (DIP), has announced plans to launch an initial public offering (IPO) on the Dubai Financial Market (DFM), with 20% of its issued share capital to be offered to investors. The proposed offering will involve the sale of 1,735,243,300 existing ordinary shares by Dubai […]

Economy

Sharjah Digital Department, AWS partner to advance government digital capabilities

News Editor 14/10/2026

Photo Credit: WAM Sharjah Digital Department (SDD) has signed a Memorandum of Understanding (MoU) with Amazon Web Services (AWS) to strengthen cooperation in digital capability development, knowledge exchange and technical expertise. The agreement supports Sharjah’s wider digital transformation agenda and aims to enhance the capabilities of government entities while

Economy

AquaIndex Plans UAE Water Token Launch as Part of Global Expansion

News Editor 12/10/2026

Photo Credit: WAM AquaIndex is preparing to launch a UAE water token as part of its broader international expansion strategy, marking a new step in the company’s efforts to connect water-related assets and digital finance. The planned token launch in the United Arab Emirates is expected to support AquaIndex’s global growth ambitions while strengthening its […]

Economy Finance

UAE Ministry of Finance Updates Accreditation Framework for eInvoicing Service Providers

News Editor 09/10/2026

Photo Credit: WAM The UAE Ministry of Finance has issued Ministerial Decision No. 168 of 2026, introducing updated eligibility criteria and accreditation procedures for service providers operating under the country’s Electronic Invoicing System. The new decision, which came into effect on 1 October 2026, replaces Ministerial Decision No. 64 of 2025 and its subsequent

Economy

Aldar, Arada announce AED15 billion development partnership in Abu Dhabi

News Editor 30/09/2026

Photo Credit: WAM Aldar and Arada have announced a strategic partnership covering major development opportunities on Yas Island and at Seih Sdeirah in Abu Dhabi, with a combined value of approximately AED15 billion. The partnership includes a joint venture to develop a large-scale mixed-use community at Seih Sdeirah, located near the Abu Dhabi-Dubai border, as […]

Economy

ADX Joins SWIFT Network to Strengthen Global Market Access

News Editor 25/09/2026

Photo Credit: WAM Abu Dhabi Securities Exchange (ADX) has joined the global SWIFT network after establishing its Business Identifier Code (BIC), ADSEAEADXXX, marking another step in the development of its post-trade infrastructure and international connectivity. The integration will allow ADX to exchange secure, standardised and internationally recognised financial

Economy

ADIPEC 2026 to bring global energy leaders to Abu Dhabi under UAE President’s patronage

News Editor 24/09/2026

Photo Credit: WAM ADIPEC 2026 will take place at ADNEC Centre Abu Dhabi from November 2 to 5 under the patronage of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, bringing together senior government officials, energy executives, investors and technology leaders from around the world. The four-day event will focus on attracting investment […]

Economy

SIF 2026 to Welcome Over 10,000 Participants for 140+ Activities and 80 Business Meetings

News Editor 24/09/2026

Photo Credit: WAM More than 10,000 participants from over 60 countries are expected to attend the Sharjah Investment Forum (SIF 2026), which will take place on October 14 and 15 at Al Jawaher Reception and Convention Centre in Sharjah. The ninth edition of the forum, organised by the Sharjah FDI Office (Invest in Sharjah) in […]

Economy

EQT launches Middle East platform with new Abu Dhabi office

News Editor 23/09/2026

Photo Credit: WAM Global private markets firm EQT has launched a dedicated Middle East platform and opened a new office at Abu Dhabi Global Market (ADGM), marking a major expansion of its presence in the Gulf region. The firm, which manages around US$389 billion in assets, said the Abu Dhabi office will establish a permanent […]

Economy

Abu Dhabi Arbitration Centre reports 67% rise in filings in H1 2026

News Editor 22/09/2026

Photo Credit : WAM The Abu Dhabi International Arbitration Centre, known as arbitrateAD, recorded a 67% increase in new arbitration filings during the first half of 2026, marking its strongest period of growth since operations began. By 30 June 2026, the total value of disputes submitted to the Centre for administration had reached AED985 million, […]

Economy UAE

SIF 2026 to Focus on Adaptive Economies, AI, Capital Flows and Supply Chain Resilience

News Editor 21/09/2026

Photo Credit : WAM The ninth edition of the Sharjah Investment Forum (SIF 2026) will take place on October 14 and 15 at the Al Jawaher Reception and Convention Centre, bringing together policymakers, investors and business leaders to examine how economies can adapt to rapid technological, geopolitical and market changes. Held under the theme “Building […]

Economy

Hanwha Finance Expands Financial Cooperation with Abu Dhabi

News Editor 18/09/2026

Hanwha Finance is deepening its engagement with Abu Dhabi’s financial ecosystem as part of its broader “Digital Asset Silk Road” vision, aimed at strengthening financial links between the Republic of Korea and Abu Dhabi across digital assets, capital markets and financial services. Hanwha Life, Hanwha General Insurance, Hanwha Investment & Securities and Hanwha Asset

Economy

RASID Achieves My Green Lab Gold Certification for Sustainable Laboratory Operations

News Editor 18/09/2026

Photo Credit : WAM The Reference And Surveillance Intelligence Department (RASID), part of the Central Testing Laboratory at the Abu Dhabi Quality and Conformity Council (ADQCC) and operated in partnership with M42, has received the My Green Lab® Gold Certification, marking a major milestone in sustainable laboratory operations. The certification recognises RASID for

Defence & Security Economy

EDGE, Hanwha Expand Strategic Cooperation on UAE Integrated Air Defence

News Editor 17/09/2026

Photo Credit : WAM EDGE Group and South Korea’s Hanwha have expanded their strategic cooperation to support the development of an integrated air defence system for the UAE, with the two companies signing a Term Sheet at EDGE Group’s headquarters in Abu Dhabi. The agreement sets out the proposed direction of cooperation around the UAE’s […]

Economy Energy

Abu Dhabi Announces Inaugural Water & Power Week for December 2026

News Editor 17/09/2026

Phtoto Credit : WAM The Department of Energy – Abu Dhabi (DoE) has announced further details of the inaugural Abu Dhabi Water & Power Week (ADWPW) – Special Water Edition 2026, scheduled to take place from 8 to 10 December 2026 at ADNEC Centre Abu Dhabi. Held under the patronage of H.H. Sheikh Khaled bin […]