United Arab Emirates

Multiply Group revenue soars 47 percent to $141 million in Q3 2024

The balance sheet remains strong, with cash balance of AED1.88 billion and additional liquidity of up to AED4 billion available for future investments

Abu Dhabi’s CYVN Holdings to acquire McLaren’s automotive business from Mumtalakat

CYVN Holdings investment would bring McLaren access to additional capital and expertise particularly in the field of electric vehicles

Dubai’s du profits rise 49.7 percent to $517.2 million in nine months

During Q3, net profit surged to AED719 million, representing the highest quarterly net profit in the past three years

Aldar net profit surges 52 percent to $1.25 billion as development sales reach $6.53 billion

Overseas and expat resident customer base now accounts for 76 percent or AED15.3 billion of Aldar's UAE sales

Emirates strengthens connectivity, expands travel options through new MoUs with Vietnam Airlines and VietJet

The MoUs were formalized during the Vietnam - UAE Business Forum, which took place recently at the Hilton Dubai Palm Jumeirah 

Nakheel, DEWA partner to develop $73.5 million substations on Dubai’s Palm Jebel Ali

Project includes the construction of two 132/11 KV substations with a total capacity of 400 megavolt amperes

Vietnam Prime Minister tours Dubai’s Museum of the Future

Visit underscores the Museum of the Future's mission to bridge cultures and foster international collaboration

Sheikh Mohammed approves Dubai’s largest ever budget for 2025-2027 with $82.2 billion expected revenue

For FY 2025, estimated expenditures are set at AED86.26 billion, with anticipated revenues of AED97.66 billion

Amali Properties breaks ground on ultra-luxury Amali Island

24-villa development at Dubai's The World Islands celebrates 90 percent sell-out, with three of its most valued units sold for AED400 million

Emirates resumes daily service to Australia’s Adelaide with Boeing 777-200LR

This renewed service provides travelers with more than 4,200 seats weekly, linking Dubai with the capital of South Australia 

Abu Dhabi Crown Prince Sheikh Khaled visits semiconductor maker GlobalFoundries in Singapore

Mubadala invested in GlobalFoundries in 2009, anticipating the growth of chips as an enabling technology for the modern era

Modon Holding partners with LuLu to develop retail facilities in UAE, Egypt

The two entities will identify prime retail locations, implement smart innovations, enhance logistics, and improve customer experiences

Ras Al Khaimah reports 28.6 percent growth in commercial licenses in first 9 months of 2024

The first nine months of 2024 recorded the second-highest number of new licenses in the last 10 years, with a total of 1,576 licenses

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

UAE attracts $16 billion in greenfield FDI capital inflows in 2023

The UAE expects these investments to generate nearly 50,000 jobs from 1,332 projects

UAE gold prices surge, global rates near record high as U.S. election nears

Uncertainty over the outcome of the U.S. election kept traders largely biased towards safe havens such as the dollar and gold

UAE’s foresight, regulations make it a hub for fintech, blockchain

Maintaining a leadership position in a rapidly evolving market requires immense commitment and adaptability, says Amir Tabch

Etihad Airways expands North America network with daily flights to Toronto, Boston

Airline now flies 42 times a week to North America: twice daily to New York JFK, and daily to Boston, Chicago, Toronto, and Washington DC

Dubai Aerospace Enterprise inks $500 million agreement to acquire 10 aircraft

Group initiated and managed the purchase and sale of equity interests in 36 managed aircraft from existing investors to new investors

Sheikh Mansour bin Zayed meets with Vietnam’s Prime Minister at Qasr Al Watan

Vietnam is the UAE’s largest non-oil trade partner within the ASEAN, with non-oil bilateral trade reaching $6.1 billion in H1 2024

ADGM appoints Sir Nicholas Patten as Court of Appeal Judge to ADGM Courts

Sir Nicholas Patten replaces the Right Honourable Sir Peter Blanchard KNZM after he recently retired as an ADGM Court of Appeal Judge 

Dubai Future Forum 2024 to explore the future of critical sectors

Forum to feature around 70 panel discussions, keynote addresses and workshops with over 150 speakers

UAE committed to building advanced technological ecosystem that captivates global attention

The country has become the go-to destination for entrepreneurship and talent

UAE seeks stronger ties with G20 nations as bilateral trade exceeds $196 billion

UAE-Global Business Forum underlined the UAE’s role as a global trade and investment hub