Financial News
RAKBANK more than doubles its quarterly Net Profit at AED 450M for Q1’23
RAKBANK delivered a Net Profit increase of 105% for Q1 2023 driven by a robust and diversified growth on both sides of the balance sheet. This was underpinned by strong sales momentum and lower cost of funds.
Raheel Ahmed – CEO of RAKBANK
- Total Income performance was supported by a strong net interest income of AED 788.8M, up 46.0% YoY. Net interest margins increased to 4.9% against 3.8% (Q1’22) and continues to be among the highest in the Industry. Q1’23 non-interest income of AED 284.4M, up 52.5% YoY. The growth in non-interest income was driven by higher forex and derivative income.
- Gross loans & advances at AED 38.7B, reflecting a 1.4% increase compared to 31 December 2022 on the back of a changing balance sheet mix in line with the strategic direction of the bank.
- Customer deposits stood at AED 46.4B, an increase of 3.3% compared to 31 December 2022. The Bank has a strong Current & Saving Account (CASA) franchise with the CASA ratio of 70.5%.
- Cost of Risk remained low due to the Bank’s diverse business mix and resilient UAE economic environment, leading to a 30.9% reduction in impairments as against Q4’22. Impaired Loan provision coverage ratio increased to 192.1% against 137.8% in Q1’22, remaining one of the strongest in the industry.
The Bank achieved balanced growth across all Business Segments:
Personal Banking:
- Gross loans & advances at AED 19.1B are up 1% YoY and +2% against FY’22 driven by the sales momentum across products with balance sheet for Auto loans +6%, Mortgages +5% and Personal loans +0.3%.
- Customer deposits of AED 16.7B, are up 22% YoY and +6% during the quarter driven by higher Term deposits +30% & CASA +0.3%.
- Q1’23 income supported by net interest income of AED 229M, +19.0% YoY and non-interest income of AED 123M, +1% YoY.
Business Banking:
- Gross loans & advances of AED 9.3B, are up 12% YoY and +3% against FY’22 mainly through higher volumes for Rak business loans +5%.
- Customer deposits of AED 19.7B, are up 14% YoY and +7% during the quarter driven by higher CASA deposits +7% & Term deposits +2.7%.
- Q1’23 income supported by net interest income of AED 337M, +57.0% YoY and non-interest income of AED 77M +6% YoY.
Wholesale Banking & Others:
- Gross assets (including lending to banks) of AED 19.8B, are up 13% YoY and +1% against FY’22 mainly driven by higher FI bank lending +2%.
- Customer deposits of AED 9.9B, are up 13% YoY and +7% during the quarter.
- Q1’23 income supported by net interest income of AED 224M, +68.0% YoY and non-interest income of AED 84M against a loss of 8Mn in Q1’22.
RAKBANK delivered strong shareholder returns with ROE of 19.4% and ROA of 2.8%, and remained highly liquid and well capitalized.
- The Bank’s Capital Adequacy Ratio (CAR) was at 16.8%.
- The regulatory eligible liquid asset ratio at 14.8%, compared to 12.8% as at 31 December 2022, and the advances to stable resources ratio stood comfortably at 81.8% compared to 79.7% at the end of 2022.
- Cost-income ratio improved to 36.2% driven by strong cost discipline, automation and digitization.
- The Bank’s non-performing loans ratio improved to 3.0% against 3.6% in Q1’22.
Raheel Ahmed, CEO of RAKBANK said, “Delivering on our multi-year strategy, we accelerated our growth and achieved a record net profit of AED 450M and a record total income of AED 1,073M for the quarter. In addition to this impressive growth, I am very pleased with the progress we are making in laying the foundation for sustainable growth.
In diversifying our income sources, we achieved robust growth on both sides of the balance sheet, across interest and fee incomes, and in all our segments. In terms of building deeper customer relationships, we achieved strong growth in digitally active customers with digital transactions growing by 12% YoY. Our high CASA ratio in our deposit base of 70.5% despite the high interest rate environment is a testament of the strong relationships we built with our customers and clients. We enhanced our operational leverage and improved our cost-income ratio through our strong cost discipline, and our cost of risk reduced via diversifying our business mix. The Bank remains well capitalized and liquid with a Capital Adequacy Ratio of 16.8% and an Eligible Liquid Asset Ratio of 14.8%. As a result of our progress, we achieved an ROE of 19.4% and ROA of 2.8%.
Being one of the largest SME banks in the UAE, we continue to back entrepreneurs and start-ups by opening more than 4,000 business accounts in Q1 2023, of which 1,600 accounts were opened for start-ups. Similarly, we disbursed AED 571M in business loans, out of which AED 394M were disbursed for new business loan customers.
As we grow, we are investing heavily in technology while maintaining cost discipline to digitize customer journeys, upgrade core data architecture, and revamp compliance and risk infrastructure. This investment will enable RAKBANK’s journey to provide a superior customer experience that is characterized by its hyper-personalization and relevance. The recent launch of our first fully digital accounts opening capability with straight-through processing is a good example of how we are digitizing our customer journeys.
Continuing from Q4 2022, we are focusing on expanding strategic hires to lead our growth, and we remain committed to and supporting the career aspirations and ambitions of our colleagues. Special attention is drawn to developing our Emirati talents as we align ourselves to the UAE leadership’s mission of growing and nurturing local talent.
As one of the nation’s leading financial institutions, RAKBANK recognizes our responsibility to support the ‘UAE Net Zero by 2050’ initiative. The team is actively engaged with RAK Government on COP28 submissions, working on financial inclusion and reducing emissions. We continue to support financial inclusion and accelerate digital remittances through our wages protection system partner and the United Nations Capital Development Fund.
Lastly, our outlook for FY 2023 remains positive yet cautious, with the buoyant UAE economy and uncertain global macro set up as backdrops. While we closely monitor the headwinds of inflation, rising interest rates, geopolitical developments, we will continue building on the Bank’s strengths and remain committed to delivering on our strategy.”
| Digital Transactions
+12% YoY |
Card Spends
|
Payment through our rails (In/Out) +9% YoY |
Digitally Active Customers
+15% YoY
|
Financial Highlights for Q1 2023
| Income Statement Highlights | Quarter Results | Variance | |||
| (AED Mn) | Q1’23 | Q4’22 | Q1’22 | Q1’23 | Q1’23 |
| vs Q1’22 | vs Q4’22 | ||||
| Net Interest Income and net income from Islamic financing | 788.8 | 733.1 | 540.4 | 46.0% | 7.6% |
| Non-Interest Income | 284.4 | 261.6 | 186.5 | 52.5% | 8.7% |
| Total Income | 1,073.2 | 994.8 | 726.9 | 47.6% | 7.9% |
| Operating Expenditures | (389.0) | (371.4) | (372.4) | (4.5%) | (4.7%) |
| Operating Profit Before Provisions for Impairment | 684.2 | 623.3 | 354.6 | 93.0% | 9.8% |
| Provisions for Impairment | (233.9) | (338.7) | (134.5) | (73.9%) | 30.9% |
| Net Profit | 450.3 | 284.6 | 220.1 | 104.6% | 58.2% |
| Balance Sheet Highlights | Results as at | Variance | |||
| (AED Bn) | Mar’23 | Dec’22 | Mar’22 | Q1’23 | Q1’23 |
| vs Q1’22 | vs Q4’22 | ||||
| Total Assets | 68.9 | 66.4 | 60.0 | 14.8% | 3.8% |
| Gross Loans & Advances | 38.7 | 38.1 | 37.2 | 4.1% | 1.4% |
| Deposits | 46.4 | 44.9 | 39.8 | 16.4% | 3.3% |
| Key Ratios | Quarter Ratios | Variance | |||
| Percentage | Mar’23 | Dec’22 | Mar’22 | Q1’23 | Q1’23 |
| vs Q1’22 | vs Q4’22 | ||||
| Return on Equity* | 19.4% | 12.5% | 10.5% | 8.9% | 6.9% |
| Return on Assets* | 2.8% | 1.7% | 1.5% | 1.3% | 1.1% |
| Net Interest Margin* | 4.9% | 4.5% | 3.8% | 1.1% | 0.4% |
| Cost to Income | 36.2% | 37.3% | 51.2% | 15.0% | 1.1% |
| Impaired Loan Ratio | 3.0% | 3.0% | 3.6% | 0.6% | 0.0% |
| Impaired Loan Coverage Ratio | 192.1% | 181.7% | 137.8% | 54.3% | 10.4% |
| Total Capital Adequacy Ratio Basel III** | 16.8% | 16.4% | 16.5% | 0.3% | 0.4% |
| * Annualized | |||||
| **After application of Prudential Filter | |||||
Profitability Growth supported by Income momentum and improvement in Provisions
- Net Profit increased by 104.6% to 450.3M (vs Q1’22 104.6% and Q4’22 58.2%).
- Net Interest Income and Income from Islamic products net of distribution to depositors increased by 46.0% to AED 788.8M (vs Q4’22 7.6%).
- Interest income from conventional loans and investments increased by 79.7%, while interest costs on conventional deposits and borrowings increased by 300.5%. Net income from Sharia-compliant Islamic financing increased by 7.8%.
- Non-Interest Income increased by 52.5% to AED 284.8M (vs Q1’22 52.5% and Q4’22 8.7%), primarily due to forex and derivative income booked in Q1 2023.
- Total Income increased by 47.6% (vs Q4’22 7.9%), benefiting from the balance sheet growth momentum.
- Operating Expenditure was AED 389.0M (vs Q1’22 AED 372.4M), reflecting a 4.5% increase compared to the same period in 2022, and a 4.7% increase compared to Q4 2022, due to the Bank’s growth investments.
- Operating Expenses increased mainly due to higher staff costs, card expenses, and other operating expenses. However, these were partly offset by lower IT expenses, occupancy costs, depreciation, and communication expenses.
- Cost-to-Income ratio for the bank decreased to 36.2% (vs Q1’22 51.2% and Q4’22 37.3%).
- Provision for credit loss increased by 73.9% to AED 233.9M for Q1 2023 compared to Q1 2022, due to prudent precautionary measures in anticipation of expected developments. However, compared to Q4 2022, the provision for credit loss decreased by 30.9% for Q1 2023.
- Net Credit Losses to average loans and advances closed at 2.5% (vs Q4’22 3.4%).
Balance Sheet crosses AED 68.9B with a strong uptick across all customer segments.
- Balance sheet crosses AED 68.9B as the Total Assets increased by AED 2.5B compared to 31 December 2022, reflecting a growth of 3.8%, with an increase in Cash/Central Bank balances by AED 929.2M, Investments by AED 805.8M, Gross Loans and Advances by AED 551.9M and Lending to Banks by AED 480.3M as compared to 31 December 2022.
- Business Banking portfolio increased by AED 264M, Retail Banking by AED 286.2M and Wholesale Banking segment (including bank lending) increased by AED 211M compared to 31 December 2022.
- Business Banking recorded 2.9% growth compared to 31 December 2022 with Business Loans growing by 5.3% and an increase of 1.5% on the Trade and Working Capital Loans portfolio.
- Retail Banking reflected a growth of AED 286.2 M supported by a strong sales momentum across products with Mortgages growing by 4.8% and Auto Loans by 6.4%.
- Non-performing Loans and Advances to Gross Loans and Advances ratio remained same at 3.0% as at 31 March 2023 compared to 31 December 2022.
Robust Growth in Customer Deposits as we continue to be the main bank for most of our customers
- Q1’23 Customer deposits increased by 3.3% compared to 31 December 2022, mainly due to an increase of AED 1,089.5M in CASA deposits and AED 404.7M in time deposits, endorsing the trust our customers place in RAKBANK’s solutions and services. RAKBANK has built a strong CASA franchise with a CASA ratio of 70.5 % as at 31 March 2023.
Strong Capital and Liquidity position
- The Bank’s Capital and Liquidity ratios remained strong.
- With a Total Capital Ratio as per Basel III, after the application of prudential filter, at 16.8% compared to 16.4% at the end of 2022.
- The regulatory eligible liquid asset ratio at the end of 31 March 2023 at 14.8%, compared to 12.8% as at 31 December 2022, and the advances to stable resources ratio stood comfortably at 81.8% compared to 79.7% at the end of 2022.
Healthy Cash Flows from operating activities
- Cash and cash equivalent as at 31 March 2023 were AED 4.7B compared to AED 4.3B as at 31 December 2022.
- Net cash generated from operating activities was AED 1.2B, AED 819.8M was used in investing activities and AED 4.7M used in financing activities.
Impact of Projected Capital Expenditure and Development
- The Group incurred AED 37.3M in capital expenditure in Q1 2023.
- RAKBANK will carry on advancing its investment towards customer-centric technology transformation.
Ratings
RAKBANK gets continuously rated by leading rating agencies with their latest ratings shown in the table below. This rating reflects the institutional strength of the Bank that is backed up by trust and transparency in financial reporting.
| Rating Agency | Last Update | Deposits | Outlook | |
| Moody’s | November 2022 | Baa1 / P-2 | Stable | |
| Fitch | April 2023 | BBB+ / F2 | Stable | |
| Capital Intelligence | August 2022 | A- / A2 | Positive | |
Financial
StashAway broadens private market access for UAE-based HNWIs amid strong growth
High-net-worth investors now account for over 75% of UAE deposits, and StashAway is responding with new semi-liquid portfolios that broaden access to private markets.
StashAway, a wealth management platform, is offering UAE-based high-net-worth individuals (HNWIs) greater opportunities to build long-term wealth through private markets1. The move follows a year of strong growth among its high-net-worth clients, with this segment driving over 75% of its growth in the UAE over the past 12 months.
The new semi-liquid offerings – private infrastructure and private equity portfolios – are managed by Hamilton Lane, a global private market specialist with over US $956 billion in assets under management. With these portfolios, investors will benefit from significantly lower minimums, lower fees, and monthly liquidity, providing flexibility than traditional funds typically lack.
StashAway’s momentum reflects a broader trend: Nearly 10,000 new millionaires are expected to arrive in the UAE by the end of 2025. As the country continues to attract global wealth, its wealth management landscape is becoming increasingly digital, with growing demand from affluent investors for alternative investment opportunities.
Increasing demand for private market investment opportunities
Globally, private markets are reshaping the investment landscape, with the number of publicly listed companies declining significantly over the past 25 years. Recent data revealed there are just 2,800 public companies, compared to 18,000 private businesses with annual revenues above US $100 million in the United States. This disparity underscores that opportunities to build wealth will increasingly be found in private markets, both in the US and worldwide.
With StashAway’s expanded private market offering, UAE-based HNWIs can tap into these growth opportunities. Clients can now access private infrastructure and private equity – an asset class with target net annual returns of 10-12%2.
Michele Ferrario, Co-founder and CEO, StashAway comments, “We’ve seen tremendous demand from high-net-worth investors who value the transparency and unbiased wealth advisory that we offer. Now, we’re bringing that same trusted experience to private markets, making it simple for investors to access high-quality, institutional-class opportunities.”
In line with StashAway’s existing private markets offering, both portfolios have significantly lower minimums and fees compared to private banks. While private banks often charge up to 3.5% in total management fees, StashAway clients pay a management fee as low as 0.5%. Unlike traditional private market funds with 10 to 15 year lock-ups, StashAway’s new portfolios allow investors to access their capital after a short initial lock-up period – offering greater flexibility as their financial goals evolve.
Raaed Sheibani, UAE Country Manager, StashAway adds, “A diversified portfolio with exposure to private markets is vital for high-net-worth investors seeking to build long-term wealth. But many clients tell us that high minimums and long lock-ups of traditional private market funds make it hard to get started or maintain the right allocation. We’re committed to making these opportunities more accessible. Our semi-liquid offering does exactly that – providing flexible access without tying investors into multi-year lock-ups.”
Both portfolios offer multi-manager & sector diversification through a single investment. The Private Infrastructure portfolio provides exposure across sectors such as energy, transport, digital networks, and utilities. The Private Equity portfolio is diversified across private equity life stages, geographies, and vintages.
Historically, both asset classes have outperformed public equities, while simultaneously experiencing lower volatility. As an example, a 10% private infrastructure allocation to a traditional 60/40 portfolio from 2014 to 2024 would have increased returns by 5.3% and reduced volatility by 10.6%. They are therefore essential to strengthening long-term portfolios.
These portfolios reflect StashAway’s broader commitment to simplifying access to the best investment solutions. They expand the platform’s suite of HNW offerings, which also includes Private Credit and unbiased wealth advisory for StashAway Reserve clients.
Financial
EDB’s New Documentary Puts the Human Face on the UAE’s Economic Transformation
Emirates Development Bank (EDB), the UAE’s leading national development bank driving economic diversification and industrial growth, has premiered its groundbreaking documentary, The Multiplier Effect, at an exclusive VIP screening at Cinema Akil. The film marks a new chapter in financial storytelling, highlighting the inspiring human stories behind the nation’s economic transformation.
Developed in partnership with the Ministry of Industry and Advanced Technology (MoIAT)’s ‘Make it in the Emirates’ initiative and the Ministry of Economy and Tourism’s ‘Startup Capital of the World’ national initiative, the documentary offers an intimate look at how strategic support creates a ripple effect of progress across society. It follows the inspiring stories of three entrepreneurs who, with EDB’s support, have overcome immense personal and professional challenges to build businesses in the UAE. By showcasing these real journeys of resilience and innovation, the film aims to inspire the next generation of entrepreneurs to take bold steps in building the UAE’s entrepreneurial nation.
Through a partnership with STARZPLAY, the documentary will be streamed to audiences across the region, with its public launch set for December 2nd, a tribute to the UAE’s visionary leadership and national spirit.
The premiere was attended by representatives from the Ministry of Industry and Advanced Technology, the Ministry of Economy and Tourism, and other government partners, as well as senior executives from STARZPLAY, alongside EDB partners from the public and private sectors, entrepreneurs from the industrial ecosystem, and leading media representatives.
H.E. Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank, said: “The Multiplier Effect highlights the people and ideas driving the UAE’s economic transformation. At EDB, our mission is straightforward: when we finance growth, the nation grows. Every business we support contributes to jobs, innovation, and long-term value for the country. This film shows that impact clearly. By backing ambitious founders and working closely with our government and partners, we are strengthening the foundations of a diversified and future-ready economy.”
As the UAE’s national development bank, EDB plays a critical role in advancing the country’s economic diversification agenda and supporting the National Strategy for Industry and Advanced Technology. The documentary highlights how EDB’s support and financing in priority sectors, including advanced technology, food security, and healthcare, is creating a powerful multiplier effect that drives economic growth, job creation, and self-sufficiency.
H.E. Abdulaziz Al-Nuaimi, Assistant Undersecretary for Entrepreneurship and the Economic Affairs Regulatory Sector, Ministry of Economy and Tourism, said: “The UAE’s vision for economic development is fundamentally people-centric. We measure success not only by outputs, but also by the human spirit and resilience — the founders who take risks, innovate, and shape new industries. This same vision lies at the core of the ‘Startup Capital of the World’ campaign. It is not just about numbers or rankings; it is primarily about fostering a culture where entrepreneurship becomes a natural and celebrated path for the UAE’s youth. When government, financial institutions, investors, and industry work seamlessly together, entrepreneurs gain the confidence to take bold steps. The stories featured in this film show exactly what that ecosystem makes possible, and how it inspires many more to contribute to a diversified, future-ready economy.”
The documentary features:
- Rashid Al Sulmi, the founder of SULMI, who risked his family’s legacy to build the UAE’s first electric motorbike from scratch in his garage. SULMI is a graduate of the Make it in the Emirates Accelerator, launched in partnership with MoIAT earlier this year at the Make it in the Emirates 2025 event.
- Bodour Al Tamimi,the founder of Pure Soil, a mother who turned her battle with autoimmune disease into a thriving organic food business, proving that world-class, healthy products can be made in the UAE. Pure Soil is also a graduate of the Make it in the Emirates Accelerator.
- Hiba Orfahli, a cancer survivor who, just weeks before her wedding, found hope in a pioneering, scarless surgical procedure at Oriana Hospital in Sharjah – a healthcare facility supported by EDB – enabling her to start a family.
Since launching its strategy in 2021, EDB has provided more than AED 22.6 billion in total financing, created over 38,000 jobs, and contributed over AED 10 billion to the UAE’s industrial GDP.
Beyond financing, EDB plays a pivotal role in building a thriving entrepreneurial ecosystem that empowers businesses to scale and succeed. Through initiatives like the AGRIX Accelerator and Make it in the Emirates Accelerator, EDB provides entrepreneurs with strategic mentorship, technical expertise, market access, and connections to a network of partners and resources. This holistic approach ensures that entrepreneurs and growing businesses receive not just finance, but the comprehensive support needed to transform ambitious ideas into globally competitive enterprises that drive the UAE’s industrial future.
Beyond documenting success, “The Multiplier Effect” serves as a powerful call to action for aspiring entrepreneurs across the UAE and beyond. Each story demonstrates that with the right support, determination, and ecosystem, ambitious ideas can transform into world-class businesses that create jobs, advance industries, and inspire others to pursue their entrepreneurial dreams. “The Multiplier Effect” will be available for public viewing on December 2nd. EDB encourages all media partners to embed the full documentary to share these inspiring stories with the world and fuel the entrepreneurial spirit that is building the UAE’s future.
Financial
Global Investors Forum 2025: A Strategic Platform Connecting the GCC with Eurasia Through a Unified Investment Ecosystem
Georgia’s capital Tbilisi is gearing up to host the Global Investors Forum (GIF 2025), one of the world’s leading economic platforms designed to strengthen cooperation between GCC countries and Eurasia through a unified investment ecosystem that accelerates growth, deepens economic ties, and expands cross-border investment opportunities.
GIF 2025 is organised in strategic partnership with EurAsia Gulf and the International Chamber of Commerce in Georgia (ICC Georgia), with AGI Holding serving as the main partner. The forum is also supported by the International Chamber of Commerce (ICC) and, Embassy of Georgia to the UAE, and the Hong Kong–Middle East Business Chamber.
The forum, a premier investment platform, is a major international gathering that connects global capital with promising investment opportunities across the world. Through a unified investment ecosystem, GIF brings together governments, investors, and international economic institutions under a shared vision of collaboration and sustainable growth.
The two-day event will include panel discussions, investment showcases, and high-level business matchmaking sessions, bringing together more than 1,500 participants, 70 institutional investors, and 50 international speakers from over 40 countries. Taking place from 4 to 5 December 2025, GIF 2025 will focus on five key sectors: sustainability and technology, tourism, digital assets and securitisation, real estate and infrastructure, agricultural technology (Agri-tech) and food security.
The forum, marking a major economic turning point for Georgia and the wider region, will witness the launch of strategic partnerships and the signing of major international Memoranda of Understanding between government and private investment institutions from various Arab and foreign countries, including the GCC countries. These agreements aim to create cross-border financing and cooperation channels in vital sectors such as clean energy, sustainable technologies, medical tourism, smart infrastructure, and digital agriculture as key areas for investment.
The event will feature high-profile participation from leading international economic figures, including H.E. Dr Abdullah Belhaif Al Nuaimi, Chairman of the Sharjah Consultative Council (UAE); H.E. Hamid Mohammed bin Salem, Secretary-General of the Federation of Chambers of Commerce and Industry (FCCI UAE); With the attendance of H.E Aisha Mohammed Saeed Al Mulla, Chairwoman of the UAE Businesswomen Council, along with a delegation from the Council; Dr Taysir Al Khunaizi, Partner and Deputy CEO of the Georgia Saudi Investment Corporation; and Dr Sadeddine Mneimne, Chairman of AGI Holding and Founder of the Global Investors Forum.
Also taking part are a distinguished group of global leaders, among them Aref bin Ali Al Abbar, President of the Hobbies Club in the United Arab Emirates, and Arif Anis, internationally recognised leadership expert and recipient of the Member of the Order of the British Empire (MBE); John W.H. Denton, Secretary-General of the International Chamber of Commerce; Chamas Awad, Founder and CEO of Euro Gulf Consulting and adviser to the Belgian Royal Family; and Hani Idris, Board Member of the International Development Bank (IDB).
They will be joined by senior investors, ministers, and heads of major economic institutions, sovereign wealth funds and multinational corporations, as well as delegations from more than 40 countries, all convening under the theme: “Bridges Between Continents – From the GCC to Eurasia: Investing in the Future of Global Prosperity.”
Speaking on the occasion, His Excellency Dr Abdullah Belhaif Al Nuaimi, Chairman of the Sharjah Consultative Council – UAE, said: “The links between investment and sustainability are growing stronger amid rising global risks such as climate change, and resource depletion. By integrating environmental, social, and governance (ESG) standards, investors are seeking to reduce their exposure to volatile assets and strengthen long-term resilience. Green technologies, renewable energy, and nature-positive infrastructure have become increasingly attractive areas for capital, while AI-driven tools now support climate scenario modelling and help optimise investment portfolios. Sustainability is no longer merely an ethical choice; it has become a financial strategy for navigating environmental uncertainty.”
He added that the international forum aligns with the needs of the future, bringing together investors, decision-makers, policymakers, and academics under one roof to demonstrate the world’s ability to adapt and navigate all these mounting challenges.
Dr Sadeddine Mneimne, Founder of the Global Investors Forum and Chairman of AGI Holding, said: “The Global Investors Forum is not just a conference, it is a strategic economic platform reshaping the map of global cooperation by connecting the GCC with Eurasia through a unified framework for investment and partnership.” He underscored as saying as: “The upcoming edition of the forum in Tbilisi will mark a pivotal turning point in strengthening economic integration between East and West. It will catalyse a new wave of cross-border investments and open unprecedented opportunities for global capital. The forum aims to foster long-term partnerships between governments, international institutions, and the private sector, reinforcing global economic cooperation and redefining the investment landscape across the region.”
Arif Anis, recipient of the Member of the Order of the British Empire (MBE), said: “It is a great honour to participate as a keynote speaker at the Global Investors Forum 2025, at a time when global capital is experiencing significant turbulence, with foreign direct investment slowing and funding for vital projects declining by 26%. This is precisely why Dr Sadeddine Mneimne’s vision stands out as exceptional, he is not simply organising a conference but boldly confronting an unsettled economic reality with clarity and bravery.
He added: “The GIF will explore the future of global finance, as 130 countries move towards digital currencies, alongside the accelerating artificial intelligence revolution, which has attracted 37% of global investment capital. The forum will bring together more than 1,000 industry leaders at precisely the right time and in the right place, to launch through the major conversations that will shape the decade ahead.”
John W.H. Denton, Secretary-General of the International Chamber of Commerce, said: “In a time of uncertainty and disruption, the private sector has a critical role to play in driving the investments that help economies and communities thrive. As the voice of business representing over 45 million companies across 170 countries, our mission to make business work for everyone, every day, everywhere has never been more urgent.”
The forum represents a significant step forward in advancing international cooperation between emerging markets and global investors. By hosting GIF 2025, Georgia aims to reinforce the importance of economic collaboration in connecting the Middle East with Europe and Central Asia. UAE-Georgia economic relations have been experiencing rapid growth, with both countries enjoying increasing trade and investment flows in recent years, supported by major investment agreements exceeding USD 6 billion in development and infrastructure projects. Recent data shows that the UAE now accounts for more than 63 percent of Georgia’s total trade with Arab countries, while its investments in Georgia represent 5 percent of its total foreign trade investment (FDI), placing the UAE as Georgia’s sixth-largest global investor.
GIF 2025 is expected to yield a series of major investment agreements valued at hundreds of millions of dollars, with a strong emphasis on advancing green projects and financing innovation in renewable energy and digital infrastructure. These anticipated outcomes will further solidify the UAE’s position as a global economic hub connecting GCC markets with Europe and Asia and strengthen its influential presence within the new global economic landscape.
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