MoneyDubai
@MoneyDubai_ae
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Covering the latest economic trends from Dubai to the world
Dubai, United Arab Emirates
Joined November 2022
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Pinned Tweet
✨ Kristalina Georgieva refutes the "conventional" perception of the IMF’s operations.. 🏦
🗣️ In an exclusive interview with "Money Dubai," the IMF's Managing Director outlines gender-focused operations:
• “The preconceived image belongs to your grandmother's time!”
#IMF
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@atrupar
Job growth, are vital signs of a country's health and should be assessed on their merits rather than politicized!
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⚽ Ronaldo purchases a palace on Palm Jumeirah Island in Dubai
🏖️ He will receive his new palace this year, granting him private beach access and easy downtown reach
🇦🇪 Dubai remains Ronaldo's favorite destination since his Real Madrid days
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@Sprinter99800
The GDP of the newly expanded
#BRICS
in terms of purchasing power parity (PPP) will reach $65 trillion, or 37.3% of global GDP, versus the G7 at 29.9%. This suggests that the BRICS countries will have a significant impact on the global economy.
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@unusual_whales
The reason for Apple's consideration of DuckDuckGo as the default search engine is likely due to its reputation as a privacy-focused search engine. DuckDuckGo does not track users or collect their personal information, making it a popular choice for users who prioritize privacy.
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🎥 WATCH | Middle East is in a ‘Golden Era,’ JPMorgan’s European Boss Says
🗣️ “KSA, UAE, Qatar, all are pretty well positioned, both for attracting money managers, hedge funds, to also their own domestic economies becoming mainstream.”
▪️Source: Bloomberg
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▪️ The FBI raided my house during breakfast
▪️ America isn't ideal for work
▪️ That's why I moved to Dubai 7 years ago 🇦🇪 and never looked back
▪️ We wouldn't replace the UAE with anywhere else
• Pavel Durov, Telegram app founder
• Net worth: $15.5 billion, "Forbes'
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@CNBC
Elon Musk has secured the Guinness World Record for the largest amount of money lost by a single person. 🎉
He lost a staggering $180-$200 billion since Nov 2021, mostly due to Tesla's underperforming stocks.
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UAE Ambitions... and the “Number One” Driving Force‼️
H.E. Omar bin Sultan Al Olama, UAE Minister of State for Artificial Intelligence and Digital Economy, to Bloomberg:
1. The UAE is a pioneer in the AI technology market
2. The UAE is more ambitious than Saudi Arabia in
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The UAE...
• An Inspiring Success Story! ✨🇦🇪
• How did it evolve throughout the years? 🌐📊
#UAENationalDay52
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@economics
Huawei's chip breakthrough is a significant step forward for China's tech industry and its ambitions to become a global leader in chipmaking. It reduces the country's dependence on foreign technology and shows the potential for collaboration among Chinese tech companies to
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WATCH | Kevin O'Leary, Shark Tank star, comments:
🇦🇪 The UAE ranks 3rd globally in artificial intelligence development
🇺🇸 And here in the US, the Congress is still discussing whether we should use AI or not! 🏛️🤖
#UAE
#AI
#Technology
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🚨 Dubai Outperformed London & New York in New Year's Eve Hotel Bookings Over the Last 10 Years!
🏨 Occupancy rates signify city's tourism appeal, especially during peak travel times
🌆 This highlights Dubai's tourism allure & prosperity
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If you were running the IMF, how would you handle the pressure of making decisions?
Figure out how
@KGeorgieva
does it with heart 🤍
@RealMnt9f
@IMFinMENA
@IMFNews
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⭕️ NASA Administrator, Senator Bill Nelson: Thank you, Emirates!
🇦🇪🇺🇸
💠 On the sidelines of COP28 in Dubai, UAE Space Agency organised the first-ever “Space Agencies Leaders” Summit, engaging global participation
#COP28UAE
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🛫 Al Maktoum Airport Set to be the World's Largest
✅ Sheikh Mohammed approves new terminal designs, costing AED 128 billion
🗣️ Sheikh Mohammed via "X": Al Maktoum will top global capacity at 260 million passengers
✨ Five times larger than the current Dubai International
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🚨 The World Government Summit 2024 Kicks Off in Dubai‼️
◀️ WGS 2024 focuses on “Shaping Future Governments”
🌐 Includes over 25 state and government heads
• 140 governments
• + 85 international organizations
• +4000 attendees
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🌟 Work Notification from H.H. Sheikh Mohammed Bin Rashid:
🗣️ “When you wake up, you better start running!”
#UAE
#Moneydubai
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Elon Musk's Heartfelt Gesture: Starlink Internet for Gaza's UAE Field Hospital 🏥🛰️
🗣️Abdullah bin Zayed thanked Elon Musk for supporting the UAE field hospital in Gaza by providing Starlink internet service.
🗣️ Musk responded in Arabic, “No thanks necessary; it’s my duty.”
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🚆 First Abu Dhabi-Dhanna Rail Trip by ADNOC & Etihad Rail‼️
🚂 ADNOC led first passenger journey on Etihad Rail
👥 Rail service boosts travel ease for ADNOC employees & partners
🔍 Industry Minister inspected ADNOC's key projects, including Borouge 4 and Ruwais LNG station
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🚨🗣️ “ To Unite, Act, and Deliver…
I’m pleased to announce the creation of a USD 30 billion fund that will foster transformative international partnerships towards achieving global climate solutions that promise a better future for all.”
▫️HH Sheikh Mohammed bin Zayed Al
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The moment of announcing the expansion of BRICS membership including:
• Egypt 🇪🇬
• Saudi Arabia 🇸🇦
• UAE 🇦🇪
• Iran 🇮🇷
• Argentina 🇦🇷
• Ethiopia 🇪🇹
Effective: January 1, 2024
#BRICS
#BRICSSummit2023
#UAE
#KSA
#Egypt
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The New World Order Economy
▪️37% of BRICS+ countries
▪️30% of G7 countries
#BRICS
#BRICSSummit2023
#Economy
#G7
#GDP
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In 2023, the UAE 🇦🇪 attracted as much foreign direct investment as Saudi Arabia 🇸🇦, Egypt 🇪🇬, and Bahrain 🇧🇭 combined!
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🎙️ "What the UAE is doing is phenomenal. We can't do that in the US!"
⭕️ U.S. Senator Mike Rounds at Davos, responding to Omar Sultan Al Olama, Minister of State for Digital Economy and Artificial Intelligence, about UAE's AI advancements
#WorldEconomicForum
#Davos2024
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🇦🇪🤝 🇵🇸 UAE aids Gaza: "Mohammed bin Rashid Al Maktoum Global Initiatives" donates AED 43 M to World Food Programme (WFP)
🔹 Feeds over 1 million Palestinians in Gaza
📜🌐 Part of agreements during WFP in Davos
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The UAE Ranks First in the Arab Economies' Competitiveness Index
💠 What does it signify?
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The UAE has the Largest Sovereign Wealth Fund in the Region
▪️4th Globally in Terms of Asset Value
#UAE
#AbuDhabi
#SovereignWealthFund
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Dubai Opens 5th phase of World's Largest Single-Site Solar Park
🔹Powers 270K homes
🔹 Reduces carbon emissions by 1.18M tonnes/year
#Dubai
#SolarPark
#Energy
#RenewableEnergy
#UAE
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🧵 UAE Expands Emiratisation to Private Sector Firms with Less than 50 Employees
▪️ Fines up to AED108K to apply
#Emiratisation
#UAE
#PrivateSector
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🗣️ “The content creation sector is currently attaining unprecedented milestones!”
▪️This is what Alia AlHammadi, CEO of the New Media Academy, disclosed in her opening speech at the “One Billion Followers Summit” in Dubai
📲 | Watch 🎥:
#1BillionFollowers
#UAE
#Dubai
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🗣️Younis Haji Al Khoori, UAE’s Undersecretary of the Finance Ministry:
🇦🇪 UAE economy growth projection:
• 3.1% in 2023
• 5.7% in 2024
🔺 Non-oil GDP growth projection:
• 5.9% in 2023
• 4.7% in 2024
🔸 Marking Resilience despite global economic slowdown
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🚨
#BREAKING
3.2K Residential Land Plots to be Allocated to Dubai Citizens
The Higher Committee for Development & Citizens Affairs:
• 11.5K housing plots were allocated to Dubai citizens
• AED 7B housing loans approved for 7K beneficiaries
#UAE
#RealEstate
#Housing
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🗓️ On this day, we commemorate the anniversary of the late Sheikh Rashid Bin Saeed Al Maktoum
▪️Model of work & sincerity
▪️Man of vision & boundless ambition
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Dubai's Solar Power Milestone..
💠 HH Sheikh Mohammed opens world's largest solar power project in Dubai
⚡️Global Significance:
• Represents Dubai's commitment to sustainability & environmental leadership
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🗣️Steve Harvey on the UAE's remarkable progress: 🇦🇪
🔹 “Money doesn’t produce vision. Vision produces money.”🔹
His words remind us that true success starts with a clear vision and bold ambition.
The UAE's journey is a testament to this principle.
Inspiring insights from a
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@theworldindex
The UAE's strong international alliances stem from its strategic location, diversified economy, and proactive foreign policy, which aims to maintain good relations with major powers and promote regional stability.
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🇦🇪 UAE Bids Farewell to the “Grey List”‼️
⏩️ Enhancing its Global trade & Investment Stature
• UAE meets all 15 FATF anti-money laundering and terror financing recommendations 💼
• A win highlighting government's dedication to fight money laundering
📊 What does this
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🌍 Why Africa?
💰 Investment opportunities of up to $5.6 trillion
🇦🇪 UAE is the largest Arab investor, with 88% of Gulf investments
🏁 Comprises 55 countries and 1.3 billion people, 18% of the global population
🌱 Not just a continent; it's the world's future
💎 Houses 65%
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Continuous growth in the total brand value of ADNOC, E&Y, and Emirates Airlines: 🇦🇪
• 2021: $23.9 billion
• 2022: $27.6 billion
• 2023: $29.7 billion
• 2024: $33.5 billion
🔹Brand Finance report on the most expensive brands in 2024
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@WallStreetSilv
By joining the BRICS bank, Saudi Arabia could potentially access funding for infrastructure projects, trade financing, and other development initiatives…
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Dubai: The City Where Safety Shines - Andrew Tate Applauds Dubai Police!
• Watch | 🎥 👇🏻
@Cobratate
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@business
As Buffett and Charlie Munger, the vice chairman of Berkshire Hathaway, have stated, “Musk chooses the hard way to make money.”
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@Schuldensuehner
It’s worth noting that this indicator alone does not necessarily indicate the overall economic development of a country.
Other factors such as the size of the economy, the number of listed companies, and the composition of the stock market can also affect this indicator.
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🌐 Abu Dhabi forms an AI Council, chaired by Tahnoon bin Zayed‼️
📜 New law issued by UAE President Sheikh Mohammed bin Zayed to establish the council in Abu Dhabi
🔸 Sheikh Tahnoon bin Zayed to lead; Khalid bin Mohammed as vice president
✅ Members include Khaldoon Khalifa
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Dubai Tops the List of Most Popular Cities on Social Media (TikTok):
1. Dubai 🇦🇪
2. London 🇬🇧
3. Nice 🇫🇷
4. Barcelona 🇪🇸
5. Paris 🇫🇷
6. Istanbul 🇹🇷
7. New York 🇺🇸
8. Miami 🇺🇸
9. Singapore 🇸🇬
10. Abu Dhabi 🇦🇪
Source: Mirror Travel (UK)
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WATCH | Shark Tank Star Kevin O'Leary 🦈🌟 shares his thoughts on UAE safety:
🗣️"I feel 100% safe."
"There's no place like this on earth."🇦🇪
#UAE
#KevinOLeary
#SharkTank
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🚨
#BreakingNews
Hatem Dowidar Tops Global Telecom CEO Rankings
• CEO of "Etisalat &e", UAE 🇦🇪
• Brand highest valued in MEA telecom, 13th globally
• Portfolio brand value: $17 billion
@etisalatAnd
@hdowidar
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🚨
#BREAKING
Dubai Government Reduces Public Debt by AED 29 Billion
▪️Debt now stands at 25% of the Emirate's GDP
#UAE
#Economy
#PublicDebt
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🚨 | Dubai International Airport Busier Than Pre-Pandemic Levels
▪️DXB received 41.6 M passengers in H1-2023
#UAE
#Dubai
#DXB
#DubaiInternationalAirport
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🗣️ COP28 President HE Dr Sultan Al Jaber:
▫️Cop28 is most consequential since Paris
▫️Emphasizes need for "practical and pragmatic" climate change solutions
#COP28
#SultanAlJaber
#COP28UAE
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@CarlZha
The release of treated wastewater has deeply divided nations and scientists, with some arguing that it is a necessary step to address the ongoing contamination at the Fukushima plant, while others believe that it poses an unnecessary risk to the environment and public health.
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🚨 US | Congress passed a bill to avoid a government shutdown until Nov. 17
• The bill does not include new funding for Ukraine 🇺🇦
🧵 How would a US government shutdown impact the economy?
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@WatcherGuru
The Fed's perspective is significantly disconnected from reality, which is alarming!
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🎥WATCH | In these words, COP28 President Sultan al-Jaber urged countries to work together to reach agreement before the summit ends:
🗣️🌎 “Together we have surprised the doubters and inspired the optimists‼️”
#COP28UAE
#SultanAlJaber
#COP28
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@WallStreetSilv
It's worth noting that while
#China
has reduced its holdings of American government debt, it still holds a significant amount of
#US
Treasury debt.
Additionally, some analysts believe that China is unlikely to sell off its US Treasury debt in large amounts due to the risks it
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“Competition” with Saudi Arabia is
The wrong word..
I believe it's cooperation & competition together!”
~ Omar Sultan Al Olama, Minister of State for Digital Economy, Artificial Intelligence, and Remote Work Applications, in a panel discussion at the World Economic Forum in
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🎥 Watch | What if the founder of ChatGPT became the Minister of AI in UAE⁉️
🗣️OpenAI CEO Altman said UAE could serve as an AI ‘regulatory sandbox’ for the world 🌎
• Altman said world will need a unified policy to rein in future advances in AI
• UAE has invested heavily in
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🏨 Abu Dhabi National Hotels (ADNH) ends its agreement with Emaar starting today‼️
🚨What’s going on?
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@GUnderground_TV
And that’s not all!
The four nations that established BRIC are expected to add almost 40% of the world’s growth through 2028.
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@Cristiano
🌴 The Emirates attracts the wealthy with opulent palaces and a luxurious lifestyle
📈 Dubai's real estate market witnesses record sales and investments
🏰 Palaces on Palm Jumeirah range from 20,000 to 45,000 square meters, valued at over 100 million dirhams
🌟 Palm Jumeirah
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The United Arab Emirates 🇦🇪
🟣 5,000 millionaires relocated to the UAE in 2023
🔹 Aiming for deals with nations comprising 90% of world trade
🔹 Potential for two trade agreements in the first quarter
~ Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, at the
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🎥 | Check out what the UAE Minister of Economy had to say about competition with Saudi Arabia and Qatar at Davos
🇦🇪🇸🇦🇶🇦
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World leaders are due to gather for annual climate change talks in Dubai in December…
▪️What is COP28 & why is it important?
#COP28
#UAE
#Dubai
#ClimateActionNow
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@elerianm
@firstrepublic
@jpmorgan
JPMorgan is among the largest US banks, and the acquisition will boost its market share.
It currently controls 16.1% of all US deposits, making it the largest bank in terms of deposits.
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#UAE
| To all those amazing women who “uplift our nation towards a brighter future..”
❇️ Happy Emirati Women's Day!
#EmiratiWomen
#emiratiwomensday2023
#emiratiwomenday
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@spectatorindex
The central bank's decision to float the Egyptian pound against the US Dollar reflects the country's efforts to address economic challenges and stabilize its currency
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🚨
#BREAKING
In a historic hospitality deal…
🤝 "ADQ" and "Aldar Properties" secure 40.5% of Egypt's leading hospitality group “Aknan”
📁 Acquisitions:
• "ADQ": 49%
• "Aldar": 51%
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🚨
#BREAKING
| BRICS Leaders Meet Today in South Africa
▪️ Summit held in Johannesburg Aug 22-24
▪️ Expansion, de-dollarization to top agenda
🧵 What do we know about the BRICS Countries?
#BRICS
#SouthAfrica
#Economy
#Africa
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The UAE is at the Heart of the International Trade Movement‼️
🌅 “Every morning in this country heralds a new achievement!”
📣 This was proclaimed by UAE VP and Dubai's Ruler, Sheikh Mohammed bin Rashid
• Indicators:
• UAE's non-oil foreign trade
• Reaching AED 3.5
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🗣️ “The Nation is not just numbers and structures; it’s families and individuals.”
~ HH Sheikh Mohammed bin Rashid
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✨ "Flying Taxis" Set to Soar in Dubai's Skies Starting 2025! 🚕
📝 Joby Aviation signed a deal with Dubai's RTA to launch flying taxi services by 2026, with pilot operations beginning in 2025
🚁 Agreement grants Joby exclusive right to operate air taxis in Dubai for six years
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"Impossible is Possible"‼️
• UAE Pavilion Theme at the World Economic Forum in "Davos" 2024 🏙️
🧵 Why is the UAE's presence in Davos important?
#Davos2024
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👑🗣️ His Majesty King Charles III:
▫️“UAE's Founding Father, Sheikh Zayed, was advocating for clean energy at a time even before the United Arab Emirates, as such, came into being.”
#UAE
#COP28
#SheikhZayed
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🚨 In push to become a global tech hub…
▫️Abu Dhabi launches new AI company “AI71”
• What does it aim for?
In this 🧵 :
#UAE
#AI71
#AbuDhabi
#Technology
#AI
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🌐 UAE Citizens Granted Visa-Free Access to the UK 🇬🇧🇦🇪
📝 Starting date: February 1
🔍 Application: UK ETA App or
What does it signify?
🤝 Indicates strong cooperation between the countries
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