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Economy Events Local 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.

DAE Nears Deal for Macquarie Airfinance Stake

Two sources in the aviation sector have stated that DAE Capital, a subsidiary of Dubai Aerospace Enterprise specializing in aircraft leasing, is nearing a deal to acquire a controlling stake in Macquarie Airfinance platform. This move could significantly impact the aircraft leasing market and strengthen DAE Capital's global position. The sources did not provide details on the potential deal, including its value or timeline.

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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.
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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

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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.
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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.
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