American companies secured over $128 billion worth of deals at the Dubai Airshow, including one worth $52 billion between Emirates Airline and Boeing.
In statement to the Emirates News Agency (WAM), Martina A. Strong, the Ambassador of the United States to the United Arab Emirates, highlighted the UAE's significance for American companies, noting the presence of over 1,500 American businesses in the country, many of which are global leaders in their respective industries.
She said they're drawn to the UAE's strategic location, its pro-business environment, and its gateway to regional markets.
Strong further emphasised the strength of the US investment landscape, characterised by a dynamic market and a robust regulatory framework that fosters growth and innovation.
Additionally, diversity remains a cornerstone of the American workforce, the diplomat remarked.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.