United Arab Emirates

ADBW 2024: Abu Dhabi announces Golden Vendor list to boost local procurement in industrial sector

Products and services that are part of the Golden Vendor List will now be integrated into the Abu Dhabi Government's tendering process

UAE non-oil economy reports strong growth in November: PMI

The Dubai PMI climbed to 53.9 in November, up from 53.2 in October but slightly below the UAE's 54.2

Why are the world’s billionaires moving to UAE?

The aggregate wealth of UAE billionaires rose 39.5 percent to $138.7 billion

Abu Dhabi’s NMDC LTS signs definitive agreement to acquire 70 percent equity stake in Emdad

The acquisition, pending regulatory approvals, will allow NMDC to expand into oilfield services

Abu Dhabi passengers can now book self-driving car rides on Uber

Services will first be available in Saadiyat Island, Yas Island and routes to and from Zayed International Airport

ADBW 2024: Abu Dhabi Chamber launches 2025-2027 Roadmap with five pillars for innovation and growth

The new roadmap guides the enhancement of the emirate’s economy, building on ADCCI’s successes over the next three years 

What to expect at the 30th Dubai Shopping Festival this December

DSF offers concerts, fireworks, drone displays, shopping, and raffles, enchanting visitors daily across Dubai, from sunrise to sunrise

Gold prices set for second weekly decline amid rate cut uncertainty

Markets currently see a 70.1 percent chance of a 25-basis-point cut by the Federal Reserve in 12 days

DIFC announces decarbonization strategy, achieving Net Zero by 2045

DIFC targets reducing emissions in areas it directly controls relating to its operations, construction activities and supply chain

Etihad Airways, Air Astana codeshare comes into effect

Networks of both airlines will offer seamless travel to destinations across the Middle East and Central Asia

UAE, Senegalese Presidents explore ways to deepen cooperation

The two leaders explored ways to deepen cooperation across various sectors, particularly in investment, economy, trade, and development

Salik assigned strong investment grade credit ratings by Moody’s, Fitch

Fitch has assigned Salik an investment grade A- issuer default credit rating with a stable outlook

EDB provides $305 million in financing to UAE’s food security sector

EDB seeks to support the growth of a robust and resilient ecosystem that drives sustainable development

dnata Logistics breaks ground on $27.2 million Dubai South warehouse

The new warehouse will handle 400,000 tons of cargo annually, boosting storage capacity by 50 percent and creating over 50 jobs 

Abu Dhabi’s Zayed International Airport named world’s most beautiful

In just one year of operation, Zayed International Airport claimed the top spot in this highly coveted category

Dubai CommerCity launches autonomous delivery robots trial for enhanced last-mile logistics

The free zone will designate areas for robot parking and charging during the trial to enable seamless operations 

Dubai remains global leader in branded residences with nearly 140 projects

Global demand for branded residences is expected to double over the next seven years

COP16 Riyadh: Arab Coordination Group commits $10 billion by 2030 to combat desertification, land degradation

This commitment aims to enhance land restoration, climate resilience, and nature-positive development

Dubai Duty Free reports $1.94 billion in sales by end of November 2024

November 30 set a new daily sales record for the year at $8.46 million

AI in sports forecasted to hit $19.2 billion by 2030: Report

AI expected to generate $8.5 billion for GCC media and entertainment by 2030

Abu Dhabi Business Week attracts over 10,000 participants on first day

ADBW will deliver more insightful sessions during its remaining days, allowing participants to drive sustainable development and partnerships

Gold prices edge down as market awaits U.S. payrolls data

Fed Chair Jerome Powell said on Wednesday the U.S. economy is stronger than the central bank expected in September

UAE emerges among world’s most prosperous societies: Report

The country ranked fourth globally in Economic Performance 2024

Abu Dhabi’s NMDC Group creates new Logistics & Technical Services division to drive expansion and diversification

The new unit adds logistics and technical services to the Group’s marine, EPC, engineering, and construction sectors