United Arab Emirates

EDB and ADIB partner to boost SME financing in the UAE

 EDB will provide guarantees of up to 50 percent for the financing offered to SMEs by ADIB

DP World expands investment plans in Mozambique to enhance regional trade opportunities

The logistics giant has long operated at the Port of Maputo and recently extended its concession by 25 years, now lasting until 2058 

Azizi Developments to set up 12 factories in Abu Dhabi’s KEZAD for $272 million

The construction of the proposed facilities will ensure speed of build for materials required for the region’s burgeoning housing sector

Dubai launches new IP hub to empower entrepreneurs, enhance business landscape

This platform supports startups and researchers across creative design, sustainability, health, education, and law

ADNOC Drilling announces Turnwell JV to execute $1.7 billion unconventionals contract

Turnwell adopts batch drilling, which is a method that improves efficiency and reduces costs

McLaren Dubai delivers first GTS in the Middle East

Car is just 1,520kg, making it the lightest car in its class, with a segment-best power-to-weight ratio of 418PS per ton

Dubai’s EGA finalizes acquisition of majority stake in U.S. recycling company

This acquisition expands EGA's operations across four continents, from bauxite mining to aluminium recycling 

Crown Prince of Abu Dhabi holds talks with Qatar’s Emir, uncovers new avenues for strategic partnership

The talks focused on advancing joint cooperation in strategic sectors of mutual interest

Sharjah’s Alef Group launches $680 million Olfah residential project

One of Olfah’s most distinctive features is Sharjah's largest private community park, located on an elevated podium spanning over 26,000 square meters

Crown Prince of Abu Dhabi arrives in Doha on official visit

Sheikh Khaled and Sheikh Abdullah discussed ways to strengthen cooperation in key areas for the benefit of both nations

Abu Dhabi SME Champions Program awards $24.1 million in procurement deals within first six months of 2023 launch

During its pilot phase, the program awarded 54 contracts to 49 SMEs, averaging AED1.8 million each 

Solomon Islands embassy inaugurated in Abu Dhabi 

Dr. Al Zeyoudi and PM Manele revealed a plaque that signifies the establishment of the Solomon Islands' diplomatic mission in the emirate

Abu Dhabi’s Masdar expands U.S. portfolio, acquires 50 percent stake in Terra-Gen

Masdar plans to build 100GW of capacity in its global renewable energy portfolio by 2030

Abu Dhabi reports new record GDP of $80.86 billion, 4.1 percent increase in Q2 2024

This growth is driven by the development of non-oil sectors, showcasing the emirate's economic diversification efforts

UAE holds largest share of Arab banking sector’s assets at 24.3 percent: AMF

UAE, Saudi Arabia and Qatar account for 58.9 percent of total assets in the Arab banking sector

UAE gold prices decline, global rates rise after Fed’s Powell signals smaller rate cuts

Amid the uncertain global economic and geopolitical landscape, bullion posted its best quarterly gain since 2016 on Monday

OMNIYAT launches $1.9 billion mixed-use project The Alba on Dubai’s Palm Jumeirah

The Alba is the first mixed-use garden retreat by the sea in the world designed by Zaha Hadid Architects

ATM 2025: Global travel and tourism market to reach $11.1 trillion, generate 348 million jobs in 2024

Amid the surge in travel and tourism globally, Dubai welcomed a record 9.31 million international overnight visitors in H1 2024

UAE commits $30 million to boost Ghana’s biodiversity and climate initiatives

The framework outlines six key investment areas, including biodiversity corridors, reforestation

UAE strengthens position as global leader in AI through strategic investments, partnerships

The country ranks third worldwide in attracting AI experts, with a strong emphasis on cultivating a skilled workforce to drive digital transformation

Emirates airline hosts largest ever commercial gathering, outlines strategic vision for growth

Strategic discussions around the future of revenue management, loyalty and B2C sales took center stage

Sharjah welcomes 1.057 million hotel guests in 8 months

Hotel occupancy rates held steady at 66 percent 

MBRHE partners with Microsoft to drive digital transformation, cloud computing initiatives for Dubai’s residents

The two entities will collaborate to organize workshops and training programs to develop digital skills among MBRHE employees