United Arab Emirates

Dubai completes 3 traffic improvements in Business Bay area, increases street capacity by 100 percent

The street parallel to Sheikh Zayed Road was converted from a two-lane, two-way configuration into a one-way dual roadway

UAE: Strong sovereign ratings from top 3 credit rating agencies spotlight economy’s resilience

Fitch Ratings affirmed the UAE’s rating at “AA-” with a stable outlook on June 24

UAE President extends Hijri New Year greetings, emphasizing global peace and prosperity

The Hijri New Year signifies the beginning of the Islamic lunar calendar and deep spiritual reflection

Dubai gold prices rise to AED402.75 as global rates gain 0.17 percent on weaker dollar

The U.S. dollar fell to its lowest level since March 2022, making gold less expensive for holders of other currencies

UAE President, Emir of Qatar meet in Doha to discuss strengthening bilateral ties

The UAE President visited Qatar to reinforce the deep-rooted ties between the two countries

UAE, Pakistan sign visa exemption deal for diplomatic passport holders

The two sides also signed agreements for cooperation in AI and the digital economy, and joint investment promotion

Sharjah opens first solar plant ‘SANA’ to produce 60 megawatts of energy

Facility can produce clean energy that would be enough to power about 13,780 homes each year

AI to contribute 20 percent to UAE’s GDP by 2031 with market growing to $46.3 billion

In 2023, the UAE’s AI market was valued at approximately $3.5 billion

Dubai: Free parking for Hijri New Year holiday announced

The Dubai Metro will operate from 5 AM to 1 AM the following day during the Hijri New Year holiday

UAE and GCC airlines update: Some flights remain suspended or rerouted after ceasefire

GCC airspace reopens, yet Emirates and flydubai continue to suspend flights to several crucial routes 

Borouge to develop AI-powered autonomous operations to revolutionize UAE plant operations

The company will identify new opportunities to deploy Agentic AI solutions and advanced machine learning algorithms

UAE remains world’s top wealth magnet, to attract record 9,800 millionaires in 2025

The estimated wealth of millionaires moving to the UAE this year is $63 billion

Abu Dhabi conducts first parcel delivery trial by drone

The first test flight, conducted in Abu Dhabi's Khalifa City, demonstrated the viability of parcel delivery by drone

Etihad, Air Europa strengthen ties with new Boeing 787-9 service from Abu Dhabi to Madrid

Air Europa's inaugural wet-lease flight marks its first operation from the Middle East to Spain 

The one who holds on to everything ends up losing everything

Letting go of what weighs you down is often the first step toward real growth

How fiscal policy, increased public spending are shaping GCC economic resilience in 2025

Total public spending in GCC countries is projected to reach $542.1 billion in 2025 

UAE’s FTA highlights importance of registering for Corporate Tax to benefit from key exemptions

The authority indicated that the exceptional condition for benefitting from the exemption applies only to the first tax period of the entity subject to tax

Addleshaw Goddard strengthens Middle East operations with new office in ADGM

The move marks a significant milestone in Addleshaw Goddard's strategic growth across the Middle East

UAE Central Bank boosts gold reserves by 19.3 percent to $7.46 billion in Q1 2025

Demand deposit balances surpassed AED1.147 trillion, up from AED1.109 trillion in December 2024 

Emirates carries over 1.7 million passengers in past 2 weeks despite regional disruptions

Emirates activated its robust contingency and disruption plans, with no diversions and only a small number of cancellations

UAE issues guidance on process of double taxation relief

The guidance further clarifies the timelines in which taxpayers must make a MAP claim

Dubai welcomes 8.68 million tourists in first five months of 2025

The city welcomed 1.53 million international visitors in May alone

Fitch affirms UAE rating at AA-, Abu Dhabi at AA with stable outlook

Rating reflects the UAE's moderate consolidated government debt, strong net external asset position and high GDP per capita