United Arab Emirates

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 

Sheikh Mohammed praises GDRFA director general following secret shopper visit

Sheikh Mohammed frequently sends secret shoppers to government offices to test services

Gross assets of UAE banks rise to $1.19 trillion by August 2024

Gross credit at UAE banks increased by 0.5 percent to AED2.112 trillion at the end of August 2024

UAE’s Federal Tax Authority urges businesses to file corporate tax returns by December 31, 2024

This will help them avoid administrative penalties for failing to comply with the legally mandated deadlines

ADNOC Gas awards design contract for Bab Gas Cap’s gas processing facilities

New facilities will likely boost ADNOC Gas’ current processing capacity by 20 percent

ADFW 2024: Diversity and depth

Broad range of topics and themes ensure a richer and engaging experience

Ten talks you shouldn’t miss at ADFW 2024

Topics range from Abu Dhabi’s expanding influence on Sustainability to AI in finance

New events for 2024 edition: From Abu Dhabi Capital Markets Forum to Islamic Finance Summit

The addition of new events will enhance connectivity, promote insightful exchanges, and introduce groundbreaking forums

ADFW 2024 reaches new milestone

In seven years, the UAE plans to double FDI to $354 billion and triple the FDI balance to $599 billion

Gold prices rise as traders eye Fed Chair’s speech for rate cut clues

Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting

UAE National Day: Foreign aid hits $98 billion since 1971

The UAE allocated $100 million in foreign aid to assist in combating hunger and poverty worldwide

UAE National Day: Nation celebrates key economic achievements, milestones in 2024

Achievements underscore the effectiveness of the UAE’s initiatives and strategies across key sectors

E-hailing platform Bolt launches operations in UAE on Eid Al Etihad

Bolt's debut supports the Dubai government’s directives to transition 80 percent of taxi trips to e-hailing in the coming years

Dubai Holding’s Jumeirah expands into Africa with exclusive island, private safari reserve

Jumeirah Thanda Island and Jumeirah Thanda Safari will open for bookings starting December 2024

Gold prices rise as traders await Fed’s December rate cut decision

The dollar index was up 0.07 percent to 106.52, reducing gold’s appeal among holders of other currencies

UAE supplies Japan with 47.8 percent of its oil imports in October 2024

Japan imported in October 31.80 million barrels of oil from the UAE 

UAE National Day: Celebrating 53 years of unity and progress through visionary leadership, groundbreaking initiatives

A comprehensive reflection on 2024’s milestones in governance, infrastructure, and global positioning

UAE National Day: 53rd Eid Al Etihad celebrates cherished memories, joy, and pride, says Sheikh Mohammed bin Rashid

This event allows reflection on the nation’s progress and inspires efforts to enhance resilience and improve lives

World Bank: GCC growth projected at 1.6 percent in 2024, 4.2 percent in 2025-2026

UAE's economic growth is projected at 3.3 percent in 2024, driven by 4.1 percent non-oil sector growth 

UAE National Day: NDDSF clears $109.4 million in debts for 1,277 Emirati citizens

The move is in collaboration with 18 banks and financial institutions across the nation 

UAE National Day: Historical bond with Saudi Arabia rooted in unity, shared vision

The Saudi Crown Prince's visit to the UAE emphasizes commitment to collaboration on regional and international issues amid global challenges 

UAE National Day: Bahraini landmarks celebrate 53rd Eid Al Etihad with UAE flag colors

Bahrain’s Prince Salman congratulated UAE President on 53rd National Day

UAE National Day: Dubai Police releases celebration guidelines and $13,600 fine notice

Al Mazrouei said only Eid Al Etihad stickers and logos that meet official guidelines are allowed on vehicles

UAE President, Saudi Crown Prince meet to discuss close bilateral ties

The Crown Prince congratulated the UAE President on 53rd Eid Al Etihad