Sphere Abu Dhabi on Yas Island to Open by 2029 in $1.7 Billion Project
Sphere Abu Dhabi on Yas Island will rise as a global landmark by late 2029. The Department of Culture and Tourism, known as DCT Abu Dhabi, confirmed the location. Sphere Entertainment Co. picked Yas Island for its first venue outside the United States. You can expect a $1.7 billion build between Yas Mall and SeaWorld […]
UAE Tops World’s Most Powerful Passports List in 2026 Global Ranking Index
World’s most powerful passports rankings now place the UAE in first position for 2026. The country earned a mobility score of 182 on the latest Passport Index 2026. Arton Capital published the new report, and it tracks travel freedom for citizens worldwide. You can read this score as a clear measure of how far your […]
RTA digital revenue 2025 climbs to AED5.3 billion on Dubai smart services
RTA digital revenue 2025 reached AED5.3 billion, a 20.6 percent rise over the previous year. Customers across Dubai completed more than 628 million transactions through digital channels in 2025. Digital channel adoption reached 96 percent, showing how residents now trust online government services. The authority offers 105 services through six channels, giving you many ways […]
UAE Tourist Identity Unlocks Instant Digital Bank Accounts for Visitors
UAE Tourist Identity now gives every visitor instant access to the UAE banking system. The Central Bank of the UAE, known as CBUAE, launched this service alongside two key government partners. The Federal Authority for Identity, Citizenship, Customs and Port Security, called ICP, joined the effort. Abu Dhabi Commercial Bank, known as ADCB, completed the […]
What is a Swap Line Agreement and Why Central Banks Use It Now?
What is a Swap Line agreement, and why does it matter for global finance today? A swap line is a pact between two central banks. The deal lets them exchange currencies at a pre-agreed rate. Each side caps the size of the swap and the time window. You can picture it as a standing credit […]
Central Bank of UAE develops e-KYC platform
ABU DHABI, 15th April, 2026 (WAM) — The Central Bank of the UAE (CBUAE) announced the development of the nationwide unified Know Your Customer (eKYC) platform, following the signing of a technical partnership agreement with the global technology company Norbloc AB. This strategic initiative constitutes a core pillar of the Financial Infrastructure Transformation (FIT) Programme, […]
DIEZ sets new economic measures for stronger Dubai business stability
DIEZ sets new economic measures to support companies facing pressure across Dubai free zones today. The new package covers Dubai Airport Freezone, Dubai Silicon Oasis, and Dubai CommerCity from now. The authority wants stronger business continuity while regional conditions place extra strain on planning. Officials also want firms to keep moving, protect cash flow, and […]
Al Tayer Motors is launching Shelby for UAE performance car buyers today
Al Tayer Motors is launching Shelby in the UAE, bringing a major new option for performance car buyers across the country. The move gives local drivers direct access to Shelby models through a trusted automotive group with a strong national footprint. For collectors and enthusiasts, this launch adds a simpler path to owning rare American […]
Sheikh Mohammed: Raise the UAE flag as a symbol of national unity
DUBAI, 9th April, 2026 – His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, has urged citizens and residents to display the UAE flag on homes, institutions, and buildings as a symbol of national unity in the wake of the recent crisis. In a post […]
UAE banking sector assets rise as deposits and credit grow in February
Fresh CBUAE data shows a banking system with rising liquidity, larger deposits, and stronger credit activity. Total bank assets reached AED5.47 trillion by late February, adding further weight to recent expansion. Credit also moved upward during the month, with private sector borrowing providing the clearest support. Deposit growth stayed broad, with residents and non-residents both […]
Salik AED1.55 billion profit lifts 2025 dividend payout for all investors
Salik reported strong momentum across its business during 2025, supported by steady toll crossing activity. The company remains the exclusive operator managing Dubai toll gates across major commuting routes. Those assets give Salik direct exposure to daily travel demand across the wider emirate network. Higher usage and disciplined operations helped lift earnings without placing extra […]
UAE-Bahrain currency swap agreement supports Gulf trade and stability today
UAE-Bahrain currency swap agreement links two Gulf banking systems through a five-year liquidity framework. The announced facility carries a nominal value of AED 20 billion, or BHD 2 billion. Both sides presented the signing as another step toward stronger central bank cooperation efforts. Officials also tied the arrangement to wider UAE Bahrain trade ties across […]
