United Arab Emirates

UAE Central Bank, Dubai Courts to link electronic services, improve efficiency

Agreement facilitates the implementation of the UAE's zero government bureaucracy program

OZON Pharmaceuticals to develop $80 million manufacturing facility at Dubai Industrial City

Facility to have a production capacity of more than 300 million tablets annually in phase 1

UAE’s Alpha Dhabi Holding reports $1.82 billion net profit, $7.97 billion revenue in H1 2024

Net profit from operations also surged to $1.38 billion, marking a 92 percent year-on-year increase

Sharjah’s real estate market soars to $4.95 billion with 10,809 transactions in H1 2024

Seven new real estate projects launched in the emirate, including residential complexes and towers.

GCC, Indonesia initiate talks for comprehensive deal to boost trade and investment

The proposed agreement aims to enhance cooperation, streamline investment regulations, and create new jobs

Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345

The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys

Dubai bets on AI-driven data centres to unlock $3.89 billion in economic growth by 2028

Digital Dubai outlines measures to realize vision for AI-enabled data center sector

VFS Global launches Japan visa services for UAE residents

Japan visa application centres operational in Abu Dhabi and Dubai from August 1, 2024

Dubai’s taxi sector hits 55.7 million journeys, serving 96.9 million passengers in H1 2024

E-bookings accounted for 40 percent of the total number of taxi journeys in Dubai during the first half of this year

UAE gold prices rally, global rates hit 2-week high as Fed hints at September rate cut

Gold prices rose as support for the safe-haven asset strengthened amid the threat of conflict escalation in the Middle East

e& revenue climbs 6 percent to $7.7 billion in H1 2024

The e& board approved an interim dividend of 41.5 fils per share for the first half of 2024

UAE faces 11.7 percent rise in malware detections as email attacks surge 293 percent globally: Report

Cybersecurity experts stressed the need for improved vigilance and protective measures against growing threats

PureHealth revenues surge 53 percent to $3.4 billion in H1 2024

PureHealth's hospital revenues rose 83 percent annually to AED9.6 billion due to major acquisitions

Abu Dhabi’s Borouge reports $308 million Q2 net profit, 33 percent YoY increase

Higher sales and cost efficiencies drove the company's highest-ever production volumes

Emirates to operate second daily A380 service to Bali starting September 1

Emirates currently offers two daily flights to both Jakarta and Bali

UAE-Chile CEPA set to take effect in six months, promises $73 million national economic boost by 2031: Al Zeyoudi

The agreement aims to liberate trade between both countries, empower women in commerce

DIFC sees rapid expansion, adds 820 companies in H1 2024, AUM reaches $700 billion

Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre

Dubai’s RTA launches AI-powered inspection vehicle to enhance rail infrastructure safety

This innovative vehicle can detect violations, restricted activities, and damage within rail the right-of-way areas

Abu Dhabi airports welcome 13.9 million passengers in first half of 2024

Zayed International Airport alone facilitated 13,726,550 passengers, a 33.8 percent increase compared to the same period in 2023

UAE gold prices surge, global rates rise ahead of Fed policy decision

If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally

UAE jobseeker visa: How much does it cost?

The jobseeker visa has a validity of 60, 90 or 120 days

Dubai Chambers, ProChile forge agreement to enhance trade, investment

Non-oil trade between Dubai and Chile reached approximately AED5.3 billion over the past five years