Economy News

Dubai Financial Market Q1 profit jumps 43% on trading surge

Dubai Financial Market reported Q1 2026 net profit before tax of AED 193.3 million, up 43% from AED 134.9 million a year earlier.

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Economy News

Emirates Development Bank hits AED 1bn monthly financing milestone

Emirates Development Bank has reached AED1 billion in monthly financing approvals, reinforcing its role in driving the UAE’s industrial and economic diversification agenda.

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Economy News

WeThrive launches as UAE platform for residency, business setup, and CV Referral Support

WeThrive is a single online platform where UAE professionals and SMEs can apply for residency, register a business at a subsidised rate, or access CV referral support – all in one place. Dubai, UAE – [Date] – Creative Zone, in partnership with a number of stakeholders, has launched WeThrive, a new UAE-based initiative designed to

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Economy News

UAE Central Bank to develop unified e-KYC platform

The Central Bank of the UAE (CBUAE) has partnered with Norbloc AB to build a nationwide e-KYC platform, streamlining customer verification across the financial sector.

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Economy News

UAE financial system surges as banking assets hit AED 5.4 trillion in 2025

The UAE’s financial system delivered standout performance in 2025, with the Central Bank of the UAE (CBUAE) reporting strong growth across banking, insurance, and digital finance.

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Economy News

UAE and Bahrain sign AED 20bn currency swap deal to boost bilateral trade

The central banks of the UAE and Bahrain have signed a five-year currency swap agreement with a nominal value of AED 20 billion (USD 5.5 billion), aimed at promoting the use of local currencies in cross-border trade and investment and reducing dependence on the US dollar for bilateral transactions.

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Economy News

Dubai Chamber welcomes 2,709 new member companies in March 2026

Dubai Chamber of Commerce added 2,709 new member companies in March 2026, reflecting continued investor confidence in Dubai as a business destination despite regional uncertainty.

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Economy News

UAE enters global top 10 exporters for first time with USD 1.64tn trade milestone

The UAE ranked 9th globally in goods exports in 2025, entering the world's top 10 for the first time according to the World Trade Organization's latest World Trade Prospects and Statistics report.

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Economy News

UAE Ministry of Economy and DFSA sign MoU to strengthen financial oversight

The UAE Ministry of Economy and Tourism and the Dubai Financial Services Authority (DFSA) have signed a memorandum of understanding to enhance regulatory cooperation and information sharing across auditors and Designated Non-Financial Businesses and Professions (DNFBPs) within their respective jurisdictions.

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Economy News

UAE Ministry of Finance amends tax procedure regulations effective 1 April

The UAE's Ministry of Finance has introduced amendments to the executive regulations governing tax procedures, effective 1 April 2026, aligned with the updated Tax Procedures Law that came into force on 1 January 2026.

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