After reporting strong first-half results, Senaat – the industrial holiday company of the Abu Dhabi government – plans to further invest in the UAE’s industrial sector. On July 31, Senaat posted a 20% year-on-year rise in net profit to Dh453 million. The earnings before taxes, interest, depreciation and amortization surpassed Dh1 billion for the first…

Senaat General Holding Corporation, an Abu Dhabi government owned industrial group, recently announced that its revenues for the first half of 2015 are Dh6.8b – a 2.5% increase from the same time period in 2014. Senaat is a top contributor to Abu Dhabi’s Economic Vision 2030, which strives to diversify economic sectors in the emirate…

A new, long-term strategy has been initiated in the United Arab Emirates that is set to boost the success rate of small and medium enterprises by 50%. The plan is aimed to reduce the country’s dependence on oil revenue and the federal entity responsible for the initiative has been endorsed by the UAE Cabinet. Currently,…

Egypt is home to more than 89 million people which makes it the 15th most populated country in the world but did you know 60% of the population lives below the poverty line? This means that millions of its citizens are struggling to make ends meet and the Egyptian government is seeking ways to turn…

The issue of gender inequality is one that exists in nearly every country across the globe.  Achieving equal rights and status in society has been a long and hard fought war with many battles still to come.  Even in countries such as the U.S. and the U.K.  there remains a great deal of inequality both…

Senaat is a corporation that was created by the Abu Dhabi government and charged with investing the government’s money and helping it generate profit and revenue.  The other name for Senaat is the General Holding Corporation.  Last year the Senaat saw a net profit growth of 5% which gave the corporation a total of Dh923…

Investment firms from the UAE have been making positive economic strides in their own country that is billowing out to international investments. Khalifa Fund for Enterprise Development has already begun to pave the way for Emirati innovators throughout the UAE by planning an entrepreneurial program that would help Emirati’s develop their ideas and bring them…

In an effort to improve the energy sector in Egypt, Al-Nowais Investment Groups has signed an agreement with the Egyptian Electricity Holding Company to build a coal-fired power plant. This $4.5 billion agreement will be a first of its’ kind in the Suze region in Egypt and will help position the country as a global…

The United Arab Emirates may be known for their vast oil reserves but unique and innovative ideas may come to fruition in the near future with a new program aimed at entrepreneurs. The proposed program will focus on the bright ideas that come from Emiratis who want to bring their ideas to life, whether those…

When it comes to the global economy, it’s important for world leaders to meet and discuss current financial trends to discover new methods of economic strength. And when you combine The United Arab Emirates with some of the brightest world leaders, you end up creating the annual Global Financial Markets Forum. This two-day economic conference…