United Arab Emirates

UAE’s AD Ports expands cruise terminal operations in the Red Sea with $4.7 million investment

The investment will manage and operate the three cruise terminals, expected to open in 2025

ADNOC awards $5.5 billion contract for Ruwais LNG plant

Project to more than double ADNOC’s existing UAE LNG production capacity to around 15mmtpa

Abu Dhabi’s Etihad Airways carries 1.5 million passengers with 84 percent load factor in May 2024

The airline had seen a 38 percent year-to-date increase in passengers, said CEO

UAE gold prices edge down, global rates decline as Fed holds interest rates steady

Dollar index rose 0.17 percent, making greenback-priced gold less attractive to other currency holders

Etihad Cargo raises belly-hold cargo capacity with 23 new flights starting June 2024

23 passenger flights to new destinations brings total number of new weekly passenger flights to 100

Alef Education begins trading on ADX after successful $514 million IPO

Alef Education's market capitalization reached $2.56 billion at the time of listing

UAE’s real GDP to grow by 3.9 percent in 2024, 4.1 percent in 2025: Report

The broader MENA region is expected to grow 2.8 percent in 2024 and accelerate to 4.2 percent in 2025

AI Retreat 2024: Sheikh Hamdan plans to double AI’s positive impact to drive economic growth, improve quality of life in Dubai

H.H. said the retreat will serve as an annual platform to examine the transformative impact of AI across all sectors

UAE gold prices decline marginally, global rates dip on stronger U.S. dollar

Asia gold demand surges as buyers turn to bullion as a hedge against geopolitical and economic uncertainty

UAE Cabinet approves $457.9 million housing aid package for Eid

The Cabinet also approved the launch of the "Manzili" bundle, which offers 18 housing services through 24 government entities

UAE’s non-oil sector grows 6.7 percent in Q4 2023: OPEC

Construction sector supports non-oil growth, accelerating to 8.4 percent in Q4 of 2023

UAE reaffirms commitment to reduce carbon emissions in aviation sector

IATA expects aviation traffic in 2050 to generate 1.8 billion tons of carbon emissions

Etihad Airways, Egyptair ink agreement to enhance commercial, operational ties

MoU builds on existing codeshare agreement between the two airlines

ADNOC Drilling, Alpha Dhabi joint venture raises stake in Gordon Tech for $270 million

Acquisition follows Gordon Technologies' completion of setting up its Abu Dhabi business

Dubai airport to welcome 3.7 million passengers as summer travel peaks

The average daily traffic from June 12 to June 25 will be 264,000 passengers

UAE exports to Morocco reach around $1.32 billion in 2023

Moroccan exports to the UAE amounted to about $202 million in the same year

UAE gold prices decline, global rates dip ahead of key U.S. inflation data

Upcoming U.S. consumer price index data may impact Fed's policy rate projections

New Dubai ‘nol Travel’ card: Get discounts of up to AED17,000

Users will also be able to avail of 100 exclusive promotional offers

Abu Dhabi’s new AGWA cluster to add $24.5 billion to GDP, generate 60,000 jobs

AGWA will be a global hub for novel food and ingredients, as well as technologies to increase access to and the utilisation of water resources

UAE’s ADGM, Bermuda Monetary Authority sign MoU to boost collaboration on digital asset regulation and supervision

The framework also encompasses investigative assistance, and capacity enhancement initiatives

Sharjah rises to 4th in GCC region, 7th in MENA in 2024 Global Startup Ecosystem Rankings

Sharjah also featured in the Top 15 rankings for both the Knowledge and Performance categories

Airbus to construct Yahsat’s new Al Yah 4, Al Yah 5 satellites

AY4 and AY5 procurement program will likely reach a total cost of $1.1 billion