United Arab Emirates

Dubai’s du posts 54.2 percent net profit surge to $322.35 million in H1 2024

In its Q2 2024 financial results report, du announced that its net profit reached AED581 million

UAE passport ranked among world’s most powerful, climbs up 53 places on index

The UAE passport ranks 9th on the list with a visa-free score of 185

UAE’s ADNOC L&S invests $1.9 billion in supersize ethane carriers and ammonia vessels

The VLECs will be deployed on 20-year time charter contracts, generating an estimated $4 billion in revenue

Over 34,000 new companies join Dubai Chamber of Commerce in H1 2024

Chamber's members saw a significant 6.7 percent annual increase in the value of exports and re-exports to AED145.9 billion

DEWA installs over a million smart water meters in Dubai

This is further aimed at enhancing operational efficiency, managing facilities and services through smart and integrated systems

Air Arabia to connect Sharjah and Maldives with daily non-stop flights

The new route offers travelers more convenient and affordable ways to explore a popular South Asian destination

Surge in demand for industrial and logistics assets reaches 185 percent in Dubai, Abu Dhabi: Report

The Jebel Ali Industrial Area Second Category saw rents jump 38.5 percent to AED36 ($9.80) per sq ft.

Dubai launches landmark $28.58 million mental health framework

The new framework features 10 key initiatives that will be launched over the next five years

UAE gold prices decline, global rates down ahead of U.S. economic data release

Gold prices reached a record high of $2,483.60 last week as markets expected a 25-basis-point U.S. interest rate cut by September

PureHealth’s Ardent Health successfully concludes IPO on New York Stock Exchange

In September 2022, PureHealth acquired a 26.05 percent equity stake in Ardent Health for $500 million

Dubai Chambers, SGS partner to facilitate export of local products and services globally

Dubai companies can now ensure that their products and services comply with the standards of 176 countries

DEWA commissions 8 new electricity transmission substations worth $370 million

Projects include 89 kilometers of ground cable which enhance the efficiency of Dubai's the 132kV transmission network

UAE, China forge agreement to boost air connectivity, bilateral relations

The agreement between the UAE and China will have a substantial positive impact on the economic sectors of mutual interest

Abu Dhabi Airports launches smart travel project: Time to serve passengers down to 7 seconds

Traveler registration service automation to eliminate the need for travel documents or direct interaction with airport staff

UAE gold prices rise, global rates down as focus shifts to U.S. economic data

Interest rate cut expectations and the political uncertainty in the United States have supported gold prices to their record high

UAE and Seychelles partner to promote local currency usage, interlink payment and messaging systems

This includes developing the exchange market, facilitating bilateral trade and direct investment, and remittance settlement

UAE’s Emirates flight operations unaffected amid Microsoft and CloudStrike-related global major IT meltdown

A spokesperson noted that there could be delays to some Emirates flight timings later in the day

DXB airport restores operations after CrowdStrike-linked outage

A global system outage affected the check-in process for some airlines in Terminals 1 and 2 this morning

UAE’s Ajman property transactions top $2.45 billion in H1 2024

This reflects a 33 percent increase compared to the same period in 2023

Abu Dhabi Police launches AI-powered robot to make emirate’s roads safer

AI technology has enhanced efforts, shortened time and provided fruitful results in police and security work

Dubai’s real estate sector sees 12.2 percent rise in transaction volumes in H1 2024: Report

Dubai's Arabian Ranches 3 has the highest return on investment (ROI) of 6.42 percent for luxury villas

Dubai’s real estate transactions surge 35.7 percent to $33.5 billion in Q2 2024: Report

The total transaction volume saw a 60.06 percent year-on-year growth, with 48,220 transactions recorded

Spanish EOS-X SPACE to launch space flights from Abu Dhabi next year

By 2029, the company seeks to achieve a turnover of $1.127 billion and a gross profit of $324 million