United Arab Emirates

UAE’s EGA inks equity purchase agreement to acquire 80 percent of U.S. recycling firm Spectro Alloys

Acquisition to significantly grow EGA's business and expand its offering to customers with domestic production

Dubai’s TECOM Group unlocks $544.5 million in growth opportunities with strategic acquisitions, new development

AED1.7 billion strategic plan raises TECOM Group’s portfolio of high-quality commercial assets to over 10 million square feet of gross leasable area

Dubai Business Forum – China: Dubai-based Emirati companies invested $1.4 billion in China in last 8 years

The number of active Chinese companies within the Dubai Chamber of Commerce reached around 5,400 at the end of H1 2024

du, etisalat by e& partner with Nakheel to provide fixed telecom services for key Dubai projects

The partnership will deliver cutting-edge telecom services to Dubai's citizens, residents, and visitors.

Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception

Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024

ADX-listed Phoenix Group, Tether partner to create UAE Dirham-pegged stablecoin

The value of the global market for stablecoins is currently at $150 billion and is set to grow exponentially to $2.8 trillion by 2028

UAE gold prices inch down, global rates dip on stronger U.S. dollar, Fed rate cut outlook

U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase

Abu Dhabi’s Mubadala expands data center assets portfolio with Yondr Group investment

Global cumulative data center demand is expected to grow at an 11 percent CAGR by 2032

Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024

China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket

Dubai’s DXB to serve 3.43 million passengers between August 21 and September 2

The airport forecasts September 1 to be the peak day, accommodating 291,000 passengers

UAE travel: Abu Dhabi Airports welcomes 3 new IndiGo routes to India

The expansion boosts Abu Dhabi-India connectivity, bringing the total number of IndiGo-operated routes to 13

UAE’s top banks post strong Q2 2024 growth on higher profits, improved asset quality: Report

Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

Abu Dhabi’s hotel revenue soars to $865.79 million in first five months of 2024, welcoming 2.4 million guests

By the end of May, Abu Dhabi boasted 169 hotel establishments, offering a total of 34,079 rooms

UAE’s ADQ, ne’ma join forces to combat food waste from farm to table

ne'ma aims to reduce food loss and waste by 50 percent by 2030, in line with U.N. Sustainable Development Goal 12.3

Passenger traffic at UAE airports surges 14.2 percent to 71.75 million in H1 2024

National carriers transported 68 percent of the 2,162,786 tons of air cargo

UAE gold prices down, global rates decline from record high ahead of Fed meeting minutes

Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped

UAE banks add 15 ATMs in Q1 2024, reaching 4,669

This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency

DP World, British International Investment pump $35 million into Congo’s first deepwater port

The project aims to unlock Congo's trade potential and boost its economy

First residential Abu Dhabi Rental Index launched to support capital’s growing property market

Platform offers easily accessible and reliable data for residential, commercial and industrial properties

Dubai Chambers expands China ties further, partners with Industrial and Commercial Bank of China

Agreement to promote collaboration between companies in Dubai and China to boost bilateral trade and investment in both markets

Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending

The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023