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On October 2, 2025, the central banks of the United Arab Emirates and Turkey formalized a bilateral currency swap agreement valued at 18 billion UAE dirhams (approximately US$4.9 billion). The arrangement is designed to bolster local currency liquidity and reduce dependence on the U.S. dollar for bilateral trade settlements. In addition to the swap, the two countries inked memoranda of understanding to encourage using local currencies in cross-border transactions and to integrate their payment systems. The agreement is part of a broader push by both nations to deepen financial cooperation and strengthen economic ties.https://wa.me/message/KOZIZEY5B4M7B1

UAE, Turkey Cenbanks Sign $4.9-Bln Currency Swap Deal

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In September 2025, the UAE’s non-oil private sector posted its strongest growth in seven months, driven by a rebound in new orders, rising business activity, and stronger employment figures. According to S&amp;P Global, the UAE Purchasing Managers’ Index (PMI) climbed to 54.2 from 53.3 in August. The expansion was largely fueled by a surge in new demand, especially from domestic sources, and companies reported increased hiring to meet order backlogs. However, firms trimmed inventories for the third consecutive month. While input costs continued to rise, competitive pressures kept output price inflation in check. Growth was especially strong in Dubai, mirroring national trends, and forecasts suggest non-hydrocarbon GDP could grow by 4.5 % this year, with 4.8 % growth expected in 2026.https://wa.me/message/KOZIZEY5B4M7B1

UAE Non-Oil Private Sector Growth Rebounds In September, Pmi Shows

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After three straight sessions of losses, the stock markets in the UAE rebounded, with Dubai’s main index rising about 0.7%.&nbsp;&nbsp;The rebound was led by strong performance in financials and consumer staples—Dubai Islamic Bank rose ~2.5% and supermarket operator Spinneys saw a ~6.8% gain.&nbsp;&nbsp;In Abu Dhabi, energy and banking stocks also helped reverse downward momentum. ADNOC Gas surged ~4.1%, aided by its parent company’s entry into a U.S. LNG project.&nbsp;&nbsp;While the rebound is encouraging, the article notes that both markets still ended the week in the red, with Dubai down ~2.8% and Abu Dhabi ~1.3%, marking Dubai’s worst weekly performance in over three months.&nbsp;&nbsp; Potential support is expected from strong fundamentals and the upcoming ALEC IPO, which analysts believe could help stabilize sentiment.https://wa.me/message/KOZIZEY5B4M7B1

UAE Bourses Rebound As Energy And Financial Shares Climb

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Dubai has greenlit a massive infrastructure project to build a deep-tunnel drainage network designed to protect the city from flooding for the next century, a move driven by the severe rainstorms it experienced in April 2024. &nbsp; The system will integrate smart technologies (such as GIS for flood-scenario analysis) and rely on public-private partnerships to manage costs and expertise.&nbsp;&nbsp;By building this long-term resilience infrastructure, Dubai aims to safeguard its urban areas, roads, buildings, and public assets from future extreme weather events.https://wa.me/message/KOZIZEY5B4M7B1

Dubai Approves 100-Year Deep-Tunnel Drainage System To Combat Extreme Flooding

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Dubai is preparing to welcome the world’s tallest hotel, Ciel Dubai Marina, which is set to open in November 2025. The 377-meter, 82-floor tower will house 1,004 rooms, including 147 suites, all featuring floor-to-ceiling windows with sweeping views of Palm Jumeirah and the Arabian Gulf. Prices will start at around 1,921 AED for a deluxe suite, while high-end three-bedroom suites with lounge access could reach 4,400 AED per night. Guests can expect eight dining venues, a luxury spa on the 61st floor, wellness and leisure facilities, an executive lounge, meeting spaces, as well as record-breaking features such as the world’s highest infinity pool and rooftop club. Bookings are scheduled to open on November 15, 2025.https://wa.me/message/KOZIZEY5B4M7B1

World’s Tallest Hotel ‘Ciel Dubai Marina’ To Open In Dubai: Know Stay Costs And Luxury Features

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Dubai and Abu Dhabi’s stock markets rose after the UAE central bank cut interest rates by 0.25 percentage points, following a similar move by the U.S. Federal Reserve. Dubai’s main stock index gained 0.7%, driven largely by real estate and industrial companies such as Emaar Development and Gulf Navigation Holding. Abu Dhabi’s index also increased by about 0.3%, supported by ADNOC Gas and Emirates Telecommunications Group. Analysts noted that the UAE’s economic growth forecast for 2025 has been revised upward to 4.9% from 4.4%, reflecting stronger oil output and non-oil sector performance. However, volatility in global oil prices continues to pose risks for investor sentiment.https://wa.me/message/KOZIZEY5B4M7B1

Blog

UAE, Turkey Cenbanks Sign $4.9-Bln Currency Swap Deal

UAE Non-Oil Private Sector Growth Rebounds In September, ...

UAE Bourses Rebound As Energy And Financial Shares Climb

Dubai Approves 100-Year Deep-Tunnel Drainage System To Co...

World’s Tallest Hotel ‘Ciel Dubai Marina’ To Open In Duba...

Dubai And Abu Dhabi Shares Climb On Rate Cut