The Islamic economy is growing nearly twice as fast as the global economy, according to Thomson Reuters, with the UAE taking a hearty chunk of that market, coming second only to Malaysia. Muslim consumer spending exceeds USD 1.8 trillion (AED 6.6 trillion). Mustafa Adil, acting Head of Islamic Finance at Thomson Reuters, says halal food, shariah-compliant tourism and Islamic finance are the biggest drivers.
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UAE and Benin exchange CEPA in Abu Dhabi
The UAE and Benin exchanged a Comprehensive Economic Partnership Agreement on Sunday aimed at significantly expanding trade and investment between the two countries.
ADNOC unlocks over AED 60 billion in UAE manufacturing opportunities
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Ambani's Jio becomes most subscribed Indian IPO
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Apple launches into foldable market as iPhone Duo sales begin
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
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