United Arab Emirates

UAE gold prices rise, global rates inch up on U.S. interest rate cut optimism

Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent

Dubai launches summer destinations guide with beaches, waterparks and indoor activities

Guide highlights the city's diverse range of experiences that cater to the tastes and interests of people of all ages and nationalities

DP World, Aldar to develop 144,000 sqm logistics park in Dubai

Construction of the new logistics park will begin in Q4 2024, with the first tenants set to be welcomed in Q4 2025

UAE outlines sustainability roadmap beyond 2030 in latest report

Report discusses climate resilience, technology inclusion, economic inequality and health crises

Dubai’s RTA launches trials of world’s first 3D printed abra, reducing manufacturing time by 90 percent

The 3D-printed abra can carry 20 passengers and was designed to retain the traditional abra identity

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates

UAE gold prices steady, global rates rise as investors seek rate cut cues from Fed’s Powell

Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool

Emarat, Emirates airline sign first aviation fuel supply agreement for Al Maktoum Airport

The deal is part of a longstanding three-decade partnership between Emirates and Emarat

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

CBUAE’s foreign assets surge 2.55 percent to $204.27 billion in April 2024

The Central Bank has added more than AED176 billion to its foreign assets within a year

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

UAE gold prices surge, global rates set for third weekly gain amid rate cut bets

Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation

ADNOC deploys AIQ’s RoboWell AI solution to autonomously operate wells

RoboWell delivers up to 30 percent optimization in gas lift consumption and up to a 5 percent increase in operating efficiency

Sharjah Islamic Bank lists $500 million Sukuk on Nasdaq Dubai

This listing marks the bank's 9th public Sukuk issuance and first since 2020

UAE launches inaugural AI challenge, winner to receive $150,000

Challenge invites startups to propose AI solutions for different sectors including cybersecurity and GenAI in banking and finance

 7th Sharjah Investment Forum to explore AI-driven opportunities and global economic trends on 18-19 September

Organized by Invest in Sharjah, the forum will take place under the theme “A Futuristic Vision for Smart Economies”

Fitch upgrades Etihad Airways to ‘A+’ citing stronger standalone credit profile

The outlook on the Issuer Default Rating is stable, the report noted

Air Arabia expands Europe footprint with new Sharjah-Vienna route

The new service will commence operations on December 20, 2024, with a frequency of 4 non-stop weekly flights

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

Ajman embraces contactless payments on public transport buses with Visa partnership

The deals aims to support smart, sustainable mobility solutions that enhance customer experience

UAE gold prices up, global rates rise as market awaits June U.S. CPI data

Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year

Nasdaq Dubai welcomes three Indonesian Sukuk listings worth $2.35 billion

Total value of debt listed on Nasdaq Dubai reached $134.1 billion with Sukuk making up $93.89 billion

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector