Economy

UAE’s Ministry of Energy and Infrastructure partners with Siemens Energy to promote green energy

This partnership will focus on addressing upcoming challenges related to grid infrastructure

Oman’s producer prices rise 3.3 percent in Q2 2024

Oman saw a softer increase in producer prices in the manufacturing industries group

Abu Dhabi to soon launch unified water strategy, says DoE Chairman

The comprehensive approach covers all stages of the water cycle, including production, delivery, and consumption

UAE: Private joint stock companies to have at least one woman on board of directors from 2025

A similar initiative was previously applied to public joint-stock companies

ADGM, DMT sign MoU to transfer real estate services on Al Reem Island

The agreement clarifies roles for smooth transition of Al Reem Island Real Estate from DMT to ADGM

Middle East set to achieve $75.6 billion in renewable energy investments: Report

These investments encompass 116 renewable energy are expected to become operational between 2025 and 2030

UAE, Japan launch CEPA talks

The UAE receives 40 percent of Japan's exports to Arab countries

Saudi Arabia’s Crown Prince pledges $5 billion investment in Egypt through PIF

Saudi Arabia to provide additional facilities for companies operating in the new and renewable energy sector in Egypt

Sheikh Mohammed bin Rashid reviews cultural district project in Dubai South

The cultural district in Dubai South features an impressive selection of venues aimed at enriching the emirate's artistic scene

UAE’s National Bank of Fujairah issues Additional Tier 1 capital securities at $275 million

This initiative aims to enhance capital structure and refinance $350 million in existing AT1 securities

Dubai tops Arab world, ranks fifth globally in international shipping centre index

Dubai holds the position of the fifth strongest international shipping hub for the fifth consecutive year 

Kuwait Central Bank issues bonds, tawarruq worth $792 million

These issuances have a maturity period of three months, with a yield of 4.375 percent 

SIF 2024 kicks off tomorrow to explore AI’s transformative power in revolutionizing smart economies

Forum's 7th edition boasts an impressive lineup of 17 key partners from leading institutions

Dubai’s Meraas awards $231.4 million construction contract for Bvlgari Lighthouse on Jumeira Bay Island

The luxury project is expected to be completed by the second quarter of 2027 

Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger

This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value

UAE’s ‘Invest in the Emirates’ campaign to attract world’s top innovators, talents and entrepreneurs

The campaign will launch in major cities including Cannes, Munich, Paris, London, Zurich, Geneva, and New York

UAE: Aviation Future Week to be held in October

The event will gather UAE ministers, senior officials, and industry leaders from aviation, aerospace, airfreight, MRO, and logistics

Saudi-Egyptian investment protection deal to launch in two months, says PM Madbouly

The trade between Saudi Arabia and Egypt surpassed $33 billion during 2022 and 2023

UAE, Australia free trade agreement to save $160 million a year in tariffs

In 2023, bilateral investment between Australia and the UAE reached $20.6 billion

Saudi Crown Prince and Egyptian Prime Minister discuss bilateral relations, aspects of cooperation

Several prominent figures from both sides were in attendance at the meeting 

Korea-UAE synergy through strategic trade partnerships

A deep dive into the role of key South Korean agencies