United Arab Emirates

Residents of this Dubai community to receive sub-30 minute robotic deliveries

They will navigate sidewalks safely and independently, finding charging stations as needed, eliminating human intervention

Dubai Taxi Company revenues rise 14 percent to $297 million in H1 2024

The company's taxis and limousines completed 23 million trips, up 4 percent compared to H1 of 2023

UAE wins bid to host COSPAR 2028, world’s largest space research event

The country has become a leading hub for global scientific research, especially in space exploration

UAE gold prices stable, global rates rise but set for weekly losses

U.S. economy grew faster than expected in Q2, but inflation pressures eased, maintaining market expectations of a September rate cut

UAE Central Bank issues new regulations on sandbox conditions, payment token services

Central bank's regulations are designed to advance the digital economy and foster innovation in the fintech sphere

UAE’s EWEC issues bids for greenfield 400-megawatt energy system in Abu Dhabi

System will support EWEC's goal of raising its solar capacity to 7.5 gigawatts by 2030

Dubai property market thrives with 11.5 percent rise in residential sales: Report

Dubai saw a 61.4 percent annual surge in transactions of off-plan contract registration, equivalent to investments worth AED59.9 billion

Dubai International Chamber attracts 24 multinational companies in H1 2024

Chamber supported the expansion of 34 local companies into new global markets through its international offices

Etihad Airways unveils Warner Bros World branded aircraft

An Etihad Airways Boeing 787-10 Dreamliner has been decorated with iconic Warner Bros. characters

UAE’s pension authority, ADGMA forge agreement to boost financial literacy among Emiratis

Agreement supports the UAE’s efforts to enhance financial awareness amongst Emiratis in federal, government and private sector entities

UAE gold prices fall, global rates dip as investors book profits ahead of U.S. economic data

If the PCE data reveals that inflation is slowing and the Fed can cut rates in September, gold prices will likely surge

Abu Dhabi launches agriculture and food security data platform

Platform monitors local, regional and global food security conditions through comprehensive a dashboard

Dubai consolidates position as global business events hub, winning 175 bids in H1 2024

This marks a 24 percent increase compared to the same period last year

Dubai’s DMCC reports 9 percent rise in Chinese member companies in H1 2024

DMCC has become home to 15 percent of the estimated 6,000 Chinese businesses and companies in the UAE

Dubai’s office stock grows by 20,000 sq. m., Abu Dhabi adds 7,500 sq. m. in Q2 2024: Report

The growth is attributed to a strong economy, diverse demand, and focus on quality, sustainable spaces

51 percent of UAE investors prefer real estate IPOs: Survey

The UAE market contributed a remarkable 58 percent of 2023 IPO proceeds in the GCC region

Dubai to host Games of the Future in 2025

The UAE was last month selected as the host for the games at a ceremony in Istanbul

UAE announces $216.31 million in pension payments for July 2024, benefiting 48,199 pensioners

This marks an increase compared to July 2023, when AED711,323,785.25 was allocated to 46,835 recipients

Dubai’s Dragon Oil launches AI project to develop Egypt’s Morgan and Badri oil fields

The AI project is a significant step towards digital transformation and innovation in Egypt's oil and gas industry

UAE, Indonesia to boost cooperation in public finance, debt management, and climate finance

The two countries enjoy thriving bilateral trade, with $4 billion in volume in 2023 

UAE gold prices up, global rates rise as investors await U.S. GDP reading

In a bid to boost demand, India slashed import duties on gold and silver from 15 percent to 6 percent

Core42, Qualcomm launch Compass 2.0, provide access to leading open-source LLMs

Compass 2.0 utilizes the Qualcomm Cloud AI 100 Ultra inference accelerators to deliver industry-leading energy efficiency