The Central Bank of the UAE (CBUAE) has unveiled a new symbol for the UAE Dirham, a crucial step towards increasing the currency's worldwide recognition. According to the CBUAE, the use of the new symbol is consistent with efforts to establish the Dirham as an international currency. The new symbol is based on the English term for the Dirham and contains two horizontal lines to reflect the currency's stability. The design is also influenced by the UAE flag, which emphasises the country's commitment to financial and monetary security. In addition to introducing the new symbol, the CBUAE
On Monday, the Central Bank of the United Arab Emirates (CBUAE) announced that it has launched a new Dh100 polymer currency, a significant step towards the country's commitment to financial innovation and sustainability. This latest addition to the UAE money series integrates modern security features while honouring the country's history and prosperity. The front of the new banknote prominently features the Umm Al Quwain National Fort, a site that highlights the UAE's vast cultural heritage. The back side of the note depicts the Port of Fujairah and an illustration of Etihad Rail, represen
The UAE has pledged a major $1.4 trillion investment in the United States over the next decade, greatly increasing bilateral economic ties. The agreement comes after a high-profile meeting between top UAE officials and former US President Donald Trump earlier this week. On Friday, a White House official confirmed the deal, emphasising the focus on artificial intelligence, semiconductors, energy, and manufacturing. According to the official, the framework aims to increase the UAE's current investments in crucial sectors of the US economy. Trump and UAE National Security Adviser Sheikh Tahno
Australia is solidifying its place as a top destination for mining listings, with the Australian Securities Exchange (ASX) expected to see an increase in secondary listings this year. Mine developers are drawn to Australia because of its large pension riches, stable rules, and protection from US trade disputes, according to industry sources. The ASX is increasing its market share in metals and mining, competing with Toronto and London as the industry strives for $100 billion in annual expansion to attain net-zero ambitions by 2050. While overall ASX listings have decreased, mining continue
The Asia Foundation's Go Digital ASEAN initiative has successfully completed its second phase, equipping 215,892 micro, small, and medium-sized companies (MSMEs) throughout Southeast Asia with critical digital skills. In Thailand, approximately 44,000 individuals and small businesses received free training, with 69% reporting increased revenue. The ASEAN Coordinating Committee on MSMEs has endorsed the program, which is being executed by The Asia Foundation with support from Google.org, Google's philanthropic arm. Thailand's digital economy was valued at USD 21 billion in 2020 and is antic
On Wednesday, Prime Minister Narendra Modi met with Bill Gates, co-founder of Microsoft and philanthropist, to discuss a variety of themes, including technology, innovation, and sustainability. The discussion focused on India's vision for the future, accomplishments in critical industries, and the country's commitment to advancing progress. Following the meeting, Prime Minister Modi took to social media platform X to express his opinions, calling the discussion "excellent." He emphasised the significance of teamwork in ensuring a better future for upcoming generations. “As always, an exc
London has presented the 'Growth Plan,' an ambitious economic effort to raise £27 billion in additional tax revenue and revive productivity growth. The strategy, launched by Mayor Sadiq Khan and London & Partners, names India as the city's top FDI source. The strategy anticipates a 2% yearly productivity increase over the next decade, which could boost London's GDP by £107 billion by 2035. Since 2022-23, India has surpassed US as London's largest FDI provider, and this trend is expected to continue in 2023-24. Laura Citron, CEO of London & Partners, emphasised India's growing
According to Union Minister Dr. Jitendra Singh, India's space economy is expected to grow by over five times to reach USD 44 billion in future. Speaking at the 'Space-Tech for Good Governance' Conclave, organised by the Indian Institute of Democratic Leadership, he emphasised the country's remarkable progress in space technology. According to the Ministry of Science and Technology, organisations such as NSIL and In-SPACe have encouraged collaboration between the government and the business sector, propelling India's space economy to its present USD 8 billion valuation. Dr. Singh emphasi
India is strengthening its economic and diplomatic ties with the United Kingdom, with fresh initiatives aimed at expanding their £41 billion trading agreement. External Affairs Minister S. Jaishankar is in the UK to advance negotiations on trade, investment, and strategic relations. His visit is anticipated to speed up ongoing negotiations and create new prospects for collaboration. As part of this increasing connection, India will establish two new consulates in Belfast and Manchester. This action is intended to boost regional economic involvement, increase investment relations, and prov
In 2024, non-oil trade between the United Arab Emirates (UAE) and India reached over US$65 billion, a 20.5% rise from US$54 billion in 2023. This increase is due to the ongoing success of the Comprehensive Economic Partnership Agreement (CEPA), which is now in its third year. India remained the UAE's leading destination for non-oil exports, accounting for 13.5% of total exports. The volume of these exports increased by a startling 75.2% compared to 2023, demonstrating the two countries' growing economic relations. Experts credit CEPA with eliminating trade barriers and lowering tariffs, re