United Arab Emirates

Abu Dhabi, Hong Kong forge cooperative agreement to facilitate global trade, investment flows

The MoU outlines a pledge for mutual cooperation on investment promotion exchanges and support

Yas Island’s eco-friendly city earns top sustainable urban design rating in Abu Dhabi

The Estidama 5 Pearl rating signifies excellence in sustainable design

UAE’s GCAA invests in world-class air traffic controller training to boost aviation safety, efficiency

The contract will see GANS provide training services to GCAA ab-initio air traffic controllers at its training centre in Al Ain

Dubai’s Mashreq Bank allocates additional $272.25 million in financing for industrial companies

The move aligns with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300Bn

Emirates Islamic’s profits hit record $463 million in H1 2024

Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent

Dubai launches sample constitution toolkit to empower family businesses

The launch of this comprehensive guide is part of the centre's efforts to provide practical support to family businesses

UAE gold prices inch up, global rates rise on rate cut hopes

Fed officials noted that the path toward looser monetary policy has become shorter

UAE, Indonesia announce eight agreements in key sectors

Non-oil trade between the UAE and Indonesia rose from $2.7 billion in 2014 to $4.4 billion in 2023

e&, Samsung partner to launch smart schools initiative in UAE

Collaboration aligns seamlessly with the UAE's ambitious vision for a knowledge-based economy

UAE citizens can now claim VAT refunds for new home construction via new smart app

The move aims to provide the world's best government services by eliminating bureaucracy and adopting efficient models

Dubai Chambers, FTA collaborate to strengthen tax awareness among private sector

The workshop covered key taxes for UAE businesses, including Excise Tax and VAT, and the processes for tax returns

Dubai South announces successful completion of first stage in UAE’s autonomous vehicle trials

The trials were conducted on a predefined route within a closed area of the Dubai South Logistics District

UAE’s DEWA invests $42.85 million in new 60-million gallon water reservoir in Lusaily

The new reservoir has been constructed adjacent to an existing reservoir with a capacity of 120 MIG of desalinated water

Dubai International Airport ranks 2nd busiest in the world: Report

DXB is still the leading airport for international travel

Sharjah Airport reports 8.3 million passengers in H1 2024, achieving 12.4 percent growth

The airport saw a 12.2 percent growth in aviation movements, totaling 52,702 flight operations

Gold price hits record high of $2,482.29, UAE rates surge

Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting

ADFD launches new corporate identity on 53rd anniversary

New identity reflects fund's ambitious strategic direction to support sustainable development

flydubai to hire 130 new pilots this year: Here are the salaries

Airline continues to attract young Emirati talents, emphasizing its commitment to employing local youth and enhancing Emiratization effort

Islamic banks account for 21 percent of gross domestic credit: UAE Central Bank

Investments by Islamic and commercial banks grew by 9.8 percent and 3.7 percent, respectively

UAE Central Bank’s gold holdings reach $5.54 billion by April end, up 12 percent year-on-year

Reserves increased on a monthly basis by 3.5 percent from AED19.615 billion in March 2024

KEZAD invests $81.67 million in expanding natural gas network in Abu Dhabi

The new network has been developed by KEZAD Group's subsidiary, KEZAD Utilities & Facilities Management Company, in three phases

ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future

The move aims to develop Emirati talent for crucial sectors through advanced training

DIFC Courts records strong uptake of services in H1 2024, handles 480 cases worth $285.86 million

The Small Claims Tribunal (SCT) also saw strong operational capacity, with 265 claims filed, totaling AED27.2 million

UAE banking sector transfers surpass $1.66 trillion in first four months of 2024

The value of transfers executed through the system increased by over 20 percent year-on-year