United Arab Emirates

UAE to add 6.34 GW power capacity from 12 green projects by 2030: Energy Industries Council

These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance

Abu Dhabi Airports achieves 35.6 percent surge, facilitating travel for over 6.9 million passengers in Q1 2024

Zayed International Airport alone welcomed over 6.8 million passengers during the first quarter of 2024

Abu Dhabi signs MoU with Chile to boost trade, investment

The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more

DRIFTx: Abu Dhabi, U.S. Joby partner to build electric air taxi ecosystem

The MoU signed seeks to establish Joby's air taxi services in Abu Dhabi and beyond

UAE gold prices rise as global rates increase ahead of key U.S. inflation data

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

UAE and Austria discuss strategic partnership developments, boosting cooperation

The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023

Abu Dhabi’s DRIFTx: ADIO, Regent join forces to develop electric seagliders for coastal transport innovation

Seagliders will serve up to 180 miles with current batteries and up to 500 miles with next-gen batteries

Sheikh Hamdan launches pilot modules for landmark Dubai Reef sustainability project

Sheikh Hamdan hails Dubai Reef initiative as a testament to Sheikh Mohammed Bin Rashid Al Maktoum's visionary leadership

Archer, ADIO sign deal to accelerate commercial air taxi operations across UAE

Agreement encompasses in-country manufacturing, operations and training

Abu Dhabi issues bonds worth $5 billion

The bonds comprised three tranches and have three different maturity periods

Dubai’s DMCC hosts trade roadshow in Japan to drive growth in Web3, AI and gaming

DMCC is home to 83 Japanese companies, constituting over 24 percent of Japanese firms in the country

UAE, Chile successfully conclude CEPA talks to enhance trade, investment

Non-oil trade between the UAE and Chile amounted to $305.1 million in 2023

Operational approval granted to UAE’s first vertiport for flying vehicles

The approval reflects the UAE's ongoing efforts to advance autonomous technologies in the transportation industry

UAE reveals 6G roadmap with targeted launch in 2030

The roadmap seeks to bridge current communication services and future requirements, addressing evolving societal and economic needs

ADQ forms framework agreement worth up to $500 million investment in Kenya’s priority sectors

Kenya has the largest economy in East Africa and is projected to grow at 5-6 percent in 2024

Russian businesses eye UAE’s market for global development, expansion

Russia sees the UAE market as a promising hub for conducting trade with Middle Eastern and African countries

ADGM, Hacken partner to set new benchmarks for blockchain security and compliance

The agreement seeks to develop security standards and on-chain monitoring solutions within ADGM's DLT Foundations framework

UAE approves $544.60 million for rain damage to homes

Last week, the UAE saw the heaviest rains in 75 years

Eid Al Adha 2024: Top 10 destinations to visit from the UAE

Explore the top 10 destinations to visit from the UAE this Eid Al Adha

Abu Dhabi’s ADQ acquires 49 percent stake in Plenary Group to drive public infrastructure expansion

The stake includes the shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec

UAE’s AD Ports secures 20-year agreement to operate, upgrade Angola’s Luanda terminal

AD Ports Group acquires 90 percent stake in joint venture to serve the broader logistics market in Angola

UAE and Ecuador initiate negotiations for CEPA to boost trade, investment

In 2023, non-oil bilateral trade between the UAE and Ecuador reached $675 million

UAE gold prices increase, global rates recover as markets await key U.S. economic data

Gold could remain between $2,300 and $2,350 unless a fresh catalyst emerges

IEA forecasts strong growth in electric car sales to 17 million in 2024

The IEA expects China to account for 10 million electric vehicle sales this year