Economy News

Mubadala takes USD 1bn minority stake in China’s Luckin Coffee

Abu Dhabi's Mubadala Investment Company has agreed to acquire a significant minority stake in Luckin Coffee in a transaction valued at approximately USD 1 billion, co-investing alongside Centurium Capital.

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Economy News

UAE’s BRICS membership drives 28.5% surge in non-oil trade to USD 312bn

The UAE is participating in the 18th BRICS Summit in New Delhi, with its membership generating measurable trade momentum.

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Economy News

UAE climbs to world’s second-largest crypto hub with perfect tax score

The UAE has vaulted from fifth to second place in the Henley & Partners Crypto Adoption Index 2026, cementing its position as a leading global destination for digital asset investors.

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Economy News

UAE bank credit growth hits 18% as foreign lending surges to AED 582bn

UAE bank lending is expanding at nearly three times the pace of Gulf peers, with gross credit reaching AED 2.76 trillion at end-June 2026 – up 18% year-on-year and 7% since December.

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Economy News

UAE banking sector assets hit AED 5.3tn as CBUAE stability report flags system strength

The Central Bank of the UAE's Financial Stability Report 2025 confirms the banking sector expanded total assets by 17.1% to AED 5.3 trillion by end-2025, with the loan portfolio growing 17.8% on the back of increased domestic lending to retail customers and private-sector businesses.

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Economy News

Alpha Dhabi H1 net profit surges 48% to AED 9.8bn

Abu Dhabi-listed Alpha Dhabi Holding posted a 48% year-on-year increase in net profit to AED 9.8 billion for the first half of 2026, with revenue rising 5% to AED 37.6 billion and adjusted EBITDA climbing 7% to AED 9.3 billion.

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Economy News

DFM trading volumes surge 40% in H1 2026

The Dubai Financial Market (DFM) recorded a 40% increase in total traded value during the first half of 2026, with the number of trades rising 31% to 2.23 million and average daily traded value climbing 45% year-on-year to exceed AED 1 billion.

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Economy News

UAE Capital Market Authority abolishes 15 fees in drive to reduce regulatory burden

The UAE Capital Market Authority (CMA) has eliminated 15 fees following a comprehensive review of its fee framework, with the board-approved decision aimed at lowering costs for licensed companies and individuals operating in the country's capital markets.

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Economy News

GCC defies regional tensions as USD 18bn in mega private capital deals closes

Two landmark private capital transactions totalling approximately USD 18 billion closed in the same week, underscoring the resilience of long-term investor appetite in the Gulf despite ongoing regional geopolitical uncertainty.

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Economy News

DIFC new company registrations surge 30% to exceed 10,000 active firms

The Dubai International Financial Centre (DIFC) recorded a 30% increase in new company registrations in the 12 months to end-June 2026, attracting 2,318 new active firms.

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