Economy

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

RAK Properties collaborates with Commercial Bank of Dubai on $544.5 million financing agreement

The funding will support RAK Properties' projects, including luxury hotels and residential communities in Mina Al Arab

Gitex Global 2024: Tech leaders discuss AI’s role in economic transformation

World Future Economy Digital Leaders Summit comes at a time when the UAE is accelerating its efforts to adopt AI in different sectors

Expand North Star 2024: Dubai Chamber of Digital Economy highlights emirate’s business environment advantages

The emirate is fostering digital companies, boosting its reputation as a global digital economy capital

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

Gitex Global 2024: Saudi pavilion showcases 40 tech companies

The participation highlights Kingdom's dedication to enhancing the global footprint of its businesses

Dubai Cares partners with UAE Stands with Lebanon initiative to deliver urgent humanitarian relief amid the ongoing crisis

This collaboration aims to mobilize the UAE community to raise vital funds for emergency relief

Oil prices decline as demand forecast weakens, supply concerns subside

Brent crude futures fell by $2.27 to $75.19 per barrel

Gitex Global 2024: Sheikh Mohammed bin Rashid tours world’s largest tech event

Gitex Global 2024 is set to provide a strong boost to the goals of the Dubai Economic Agenda D33 to double the emirate’s GDP

Abu Dhabi’s Borouge delivers 700,000 tons in first year under Etihad Rail agreement

Since September 2023, over 36,000 Borouge containers have moved from Al Ruwais to Khalifa Port

Mubadala’s KELIX bio acquires four GlobalOne Healthcare Holding assets

Acquisitions significantly enhance the UAE's local life sciences capabilities through strategic investments

UAE pioneering future of financial services through AI innovation

UAE has emerged as a leading nation in the development of technology and AI-driven solutions

SuperBridge Summit 2024 kicks off tomorrow: Innovating for Next Gen with insights on economic power, technology, and leadership

With 70 speakers from various industries, the two-day summit will inspire and empower the next generation of leaders

Gitex Global 2024, Expand North Star to boost global AI economy set to reach $2.7 trillion by 2032

Presenting the year’s largest AI event, Gitex Global 2024 will deliver 120-plus hours of AI and deep tech content across various topics

Expand North Star 2024 underway in Dubai, welcomes over 1,800 startups

Event brings global startup ecosystem to the UAE to accelerate startups towards rapid growth and development

Oil prices fall on weak Chinese data and Middle East instability

Brent oil futures for December delivery dropped by 1.8 percent, settling at $77.65 per barrel

ADNOC JV inks $250 million contracts for two mega ammonia carriers

The agreements were finalized in Abu Dhabi at Jiangnan Shipyard’s first Middle East office opening

BioSoul signs agreement with ADIO to establish global headquarters in Abu Dhabi

Agreement sets a path for Abu Dhabi to continue its global leadership in innovative marine solutions and technologies

Dubai-based companies invest $2 billion in Türkiye in over 6 years, says Dubai Chambers president

Turkish companies that are members in the Dubai Chamber of Commerce grew 934 percent from 315 in 2014 to over 3,257 by mid-2024

WTO anticipates gradual recovery in global merchandise trade despite geopolitical tensions, inflationary pressures

The organization highlighted disparities between GDP growth and merchandise trade performance

Dubai Silicon Oasis recognized as Middle East Free Zone of the Year for Innovation Zones

DSO celebrated four awards at the fDi Global Free Zones of the Year Awards

ADNOC gets all approvals to buy 50 percent plus 1 share stake in Fertiglobe

A block trade will occur on the Abu Dhabi Securities Exchange (ADX) today, October 11, 2024, settling on October 15