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Economy Politics Local 2026-02-23T20:09:44+00:00

European Stocks Open Week Lower

European stocks opened the week lower amid growing concerns about the global economy. Investors are assessing the latest inflation data and monetary policies of central banks.

European Stocks Open Week Lower

European stocks opened the week lower on Monday. Major indices are showing a negative trend amid growing concerns about the global economy. Investors are assessing the latest inflation data and monetary policies of central banks. Analysts note that market volatility persists. Meanwhile, some sectors are showing moderate growth, offsetting the overall decline.

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DAE Nears Deal for Macquarie Airfinance Stake
2026-02-23T20:18:15+00:00

DAE Nears Deal for Macquarie Airfinance Stake

DAE Capital, a Dubai Aerospace Enterprise subsidiary, is nearing a deal to acquire a controlling stake in Macquarie Airfinance, potentially strengthening its position in the aircraft leasing market.
Economy Events Local
Dubai Financial Market closes with 1.82% gain
2026-02-23T20:14:37+00:00

Dubai Financial Market closes with 1.82% gain

The Dubai Financial Market closed on Monday with a 1.82% gain, reaching 6710.88 points. The increase was driven by a collective rise in share prices across the real estate, banking, and industrial sectors. The market capitalization exceeded 1.1223 trillion dirhams.
Economy Politics Local
Empower Signs Design Contract for Fifth Cooling Station in Dubai
2026-02-23T20:13:46+00:00

Empower Signs Design Contract for Fifth Cooling Station in Dubai

Empower, the world's largest district cooling provider, has announced a design contract for its fifth station in Dubai. The project, with a 44,000-ton cooling capacity, will break ground in 2026.
Economy Events Local
Dubai Chamber Holds Annual Meeting
2026-02-23T20:12:50+00:00

Dubai Chamber Holds Annual Meeting

Dubai Chamber discussed economic development and business support. Participants reviewed initiatives to improve the business climate and attract investment.
Economy Politics Local
UAE Central Bank Issues AI Guidelines
2026-02-23T20:10:49+00:00

UAE Central Bank Issues AI Guidelines

The Central Bank of the UAE has issued guidance on consumer protection and responsible use of AI and machine learning by financial institutions. The regulator established new rules for licensed organizations. The goal is to create a safe environment for advanced technology adoption.
Economy Politics Local