Panama's government has announced they will create a committee of experts to recommend ways to boost financial transparency. This comes after the leak of the "Panama Papers," 11.5 million documents that reveal how the law firm Mossack Fonseca helped some clients evade taxes and avoid sanctions. Panama president, Juan Carlos Varela said the report will be shared with other countries so the nations can move together towards further transparency.
Abu Dhabi Crown Prince approves launch of FIDA cluster
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved the launch of the FinTech, Insurance, Digital and Alternative Assets (FIDA) cluster, announced at the Abu Dhabi Finance Week.
UAE's economy leads growth in Gulf region in 2025: IMF
The Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), on Monday, said the UAE economy posted the best performance among GCC countries in 2025.
Nakheel awards contract for Palm Crown development on Palm Jumeirah
Nakheel, a member of Dubai Holding Real Estate, has awarded a AED400 million contract to Shapoorji Pallonji Mideast for the construction of 38 Crown Garden Villas, an exclusive collection of grand residences at Palm Crown on Palm Jumeirah.
DP World to develop strategic border facilities in Afghanistan
DP World has signed a landmark agreement with Afghanistan to develop and operate the country’s most important land border facilities at Torkham and Hairatan.
Maktoum bin Mohammed chairs DREC Board meeting
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and Chairman of the Dubai Real Estate Corporation (DREC), chaired a meeting of the DREC Board of Directors, during which he reviewed the 2025 performance of Wasl Group.
