United Arab Emirates

Dubai’s Spinneys announces IPO, to list 25% shares on DFM

The subscription period will open on Tuesday, April 23, 2024

Dubai’s DXB named world’s busiest international airport for 10 years in a row

ACI unveils preliminary top 10 busiest airports worldwide for 2023, reflecting resurgence in international travel

UAE gold prices remain stable as global rates surge on Middle East tensions

Central bank buying and geopolitical tensions drive gold's rally near record-high

World Bank raises forecast for UAE’s real GDP growth to 3.9 percent in 2024; 4.1 percent in 2025

The report indicates the UAE's current account surplus is expected to reach 8.4 percent in 2024 and 8.3 percent in 2025

Microsoft invests $1.5 billion in Abu Dhabi’s G42 to accelerate AI development, global expansion

As part of the agreement, Brad Smith, Vice Chair and President of Microsoft, will join the G42 board of directors

When is Eid Al Adha 2024? UAE residents set to get another long holiday

Eid Al Adha is among the two main holidays celebrated in Islam, the other being Eid Al Fitr

Seamless Middle East, Arab League renew partnership to develop region’s digital economy

Collaboration strengthens efforts to propel Arab world's digital economy forward

Sharjah Ramadan Festival 2024 records 25 percent surge in sales to $109 million

Record-breaking sales and festive events mark 34th edition's success

UAE gold rate surges amid rising Middle East tensions as global prices ease after hitting new high

Gold prices increased to an all-time high of $2,431.29 on Friday, gaining over 14 percent this year

Dubai’s RTA launches major Al Khaleej Street Tunnel project to transform traffic flow

The project complements the Al Shindagha Corridor's development to accommodate the area's population growth and urbanization

UAE gold prices rally after global rates hit record highs yesterday

Investors eye Federal Reserve meeting minutes and inflation figures for market direction

Sheikh Mohammed issues decree, sets up judicial authority in Dubai

President of the Court of Cassation at Dubai Courts will chair the new authority

Abu Dhabi approves $593.62 million housing package for 1,502 citizens

The housing benefits package includes housing loans, ready-built houses, and grants for residential land

Global gold prices continue record surge to $2,353.79, UAE rates climb

Gold prices remained undeterred despite the robust U.S. job growth in March

ADX, DFM record nine major direct deals valued at $435.7 million in Ramadan

ADX witnessed five major direct deals on 243.4 million shares worth $186 million

Moon sighting for Eid Al Fitr: UAE urges Muslims to look for Shawwal crescent on Monday

The sighting of the Shawwal moon would mark the end of the holy month of Ramadan and the beginning of Eid Al Fitr.

ATM 2024 in Dubai set to double footfall of Chinese visitors

China’s outbound tourism numbers to double in 2024, only 22 percent below record pre-pandemic levels of 155 million tourists

Dubai South awards $408 million contract for new phase developments

Al Kharafi Construction Company to build phases 3,4 and 5 of the project

Abu Dhabi plans to welcome 39.3 million visitors by 2030

26 key initiatives across 4 strategic pillars to achieve strategy's goals

Abu Dhabi’s private sector achieves 35 percent growth, surpassing $92 billion in 2023

Significant contribution of family-owned businesses to this growth

Eid Al Fitr 2024: Dubai’s Emirates set to fly over 150,000 passengers during holiday rush

Emirates is expecting a high number of passenger departures from Dubai starting April 5

CBUAE’s gold reserves surged to $4.88 billion in January

The gold reserves recorded 7 percent year-on-year increase