United Arab Emirates

Sharjah Airport and Air Arabia launch daily flights to Maldives, boosting tourism and connectivity

Air Arabia will provide daily flights between Sharjah Airport and Velana International Airport in Malé, Maldives, utilizing Airbus A320 aircraft

Abu Dhabi’s NMDC Group reports $598.96 million net profit in first nine months of 2024, driven by strong project pipeline

A remarkable 68 percent increase in revenues and a 45 percent rise in net profits compared to the same period last year

AD Ports Group generates 22.9 percent of Abu Dhabi’s non-oil GDP: Report

Group’s 2022 activity supported around 398,400 jobs across the UAE, or 14.1 percent of total employment in the non-oil sector

Abu Dhabi Crown Prince Sheikh Khaled to begin official visit to Singapore on Tuesday

Discussions will focus on strengthening cooperation across key sectors of mutual interest

UAE-Brazil Business Council launches in Sao Paulo to boost growing trade, investment ties

Non-oil bilateral trade between the two countries reached $2.64 billion in the first half of 2024, marking an 18.2 percent annual increase

UAE, global gold prices edge down on stronger dollar

Recent gains place the dollar on track for its best month since April 2022

ADPF partners with Aldar for pensioner discounts, benefits via ‘Darna’

The Darna platform will offer pensioners and beneficiaries customized discounts and promotions

Dubai Chamber of Commerce launches Korean Business Council to strengthen economic ties

Korean Business Council aims to further enhance economic cooperation between Dubai and Korea, with a focus on the most promising sectors

COP29 critical for shaping future climate contributions: IRENA director-general

La Camera stressed the urgent need for $31.5 trillion in investments in renewable energy, grids, resilience measures, and energy efficiency by 2030

P.O.B1 Properties launches inaugural $56 million Serenova project in Dubai Silicon Oasis

Set for completion in Q2 2027, the project spans across an expansive 7,850 sqm plot

Emirates, GE Aerospace ink 10-year agreement for B777 electrical system services

Emirates is the world’s largest B777 operator with a fleet of 143 aircraft

UAE signs two agreements with IMF to support PRGT, RST funds

At the October 2023 IMFC meeting in Marrakech, the UAE announced a $200 million co-financing initiative for the PRGT

Dubai Finance launches Smart Installment System and Biometric Payment System

These agreements were revealed during the recent Gitex Global 2024 event in Dubai

Sheikh Hamdan calls for accelerating efforts to boost UAE’s position as global investment hub

Value of inward FDI in 2023 to the UAE amounted to $30.688 billion, compared to $22.737 billion in 2022, a growth of nearly 35 percent

Aldar completes redevelopment of Al Hamra Mall in Ras Al Khaimah

The project is part of Aldar's $272.25 million investment initiative in significant retail locations

UAE gold prices dip, global rates set for weekly gain as geopolitical risks raise demand

U.S election, along with Middle East tensions, might continue to act as a tailwind for gold prices

Record population growth, falling interest rates boost Dubai property market

The volume of off-plan property registrations in Dubai reached an all-time high, with 32,968 transactions in Q3

e& completes acquisition of controlling stake in PPF Telecom, expanding global reach to 38 countries

This collaboration will drive growth and create opportunities for digital services, IoT solutions, and B2B offerings

Abu Dhabi’s luxury real estate market thrives in Q3 2024

Al Reem Island, Yas Island and Al Raha Beach have consistently ranked among the most popular luxury areas for apartments in Abu Dhabi

Abu Dhabi’s PureHealth introduces technology platform to link in-hospital and remote healthcare services

Patients can visit SEHA-affiliated facilities in Al Dhafra for remote consultations and medical exams with PureHealth doctors 

Commercial Bank of Dubai reports 15.2 percent rise in net profit to $607 million

During the first nine months of 2024, CBD reported a 12.1 percent rise in operating income to AED4.164 billion

CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024

SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June