United Arab Emirates

Dubai invests over $844 million in Senegal over 13 years: CEO of Dubai Chambers

These investments have created more than 1,200 jobs in the Senegalese market

COP28 President calls for deeper collaboration between AI and energy sectors to drive climate action

COP28 Presidency and the UAE will work closely with Azerbaijan's COP Presidency to ensure COP29 builds on the outcomes of Dubai, the minister said

Dubai Production City sees 13 percent growth in customer base in Q1 2024

The global commercial printing market reached a size of $494.5 billion last year

UAE gold prices rise, global rates decline as traders await U.S. economic data

Signs of decline in the upcoming U.S. jobs data could support gold prices in the short term

UAE to become regional hub for low-carbon aviation fuel: Minister of Economy

New roadmap sets goal to produce up to 700 million litres of low-carbon fuel annually by 2030

Dubai Mall to undergo $408.4 million expansion

The revamped Dubai Mall will see 240 new luxury retail and dining options

Sheikh Mansour bin Zayed approves system for licensing stable cryptocurrencies

Board meeting also approves a series of policies that aim to support the banking and insurance sectors

Dubai’s DFSA enhances crypto token framework to foster innovation, development

Amendments address financial crimes through strict compliance guidelines

KEZAD Group, NMDC Energy ink $100 million agreement for manufacturing facility in Abu Dhabi

Project will serve as a strategic hub for the region's oil and gas sector, offering world-class services

ADNOC L&S acquires 80 percent of Navig8 for $1.04 billion

ADNOC L&S will acquire the remaining 20 percent ownership of Navig8 in 2027

UAE’s non-oil sector to expand 3.2 percent in 2024: World Bank

UAE's GDP real growth is projected to accelerate to 3.9 percent in 2024

Plastic ban: Abu Dhabi, Dubai to ban select styrofoam products, single-use bags from June 1

The ban is part of a larger campaign rolled out by the emirates to stop the use of plastics, styrofoam and other products that are not easily biodegradable

UAE, China ink 19 agreements in key sectors to boost investments, collaboration

UAE's non-oil trade with China reached a staggering $81 billion in 2023

AI to add $15 trillion to the global economy, says Dubai’s flagship free zone DMCC

Generative AI and the surge in e-commerce and digital services trade will drive global trade resilience

UAE: Petrol, diesel prices for June 2024 announced

Petrol prices have reduced for the first time in June after rising month-on-month since February

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022

UAE gold prices rise, global rates fall as U.S. economy growth slows in Q1, inflation data awaited

U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023

Over 40 percent expats prefer UAE for quality of life, investment opportunities: Survey

Only 27 percent of high-net-worth (HNW) expats are “very familiar” with the tax implications of wealth assets outside the UAE

New avatar at AMF 2024 showcases transformative potential of AI in media

Digital avatars of literary and media figures from the Arab world were among the most notable attractions

UAE gold prices dip, global rates decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports

Xport Xponential offers beneficiaries comprehensive credit facilities, innovative financial solutions

UAE and South Korea forge CEPA agreement to free trade, promote investment

Agreement will remove tariffs on more than 90 percent of all imports from both countries in the next 10 years

UAE’s ADFD finances projects worth $9.6 billion in 42 African countries

In 2023, ADFD led a $4.5 billion UAE initiative to boost Africa's clean energy infrastructure

UAE Ministry of Energy and Infrastructure, Technology Innovation Institute to build 3D maps of the nation’s mineral, renewable resources

The agreement seeks to explore and utilize untapped renewable and mineral resources in line with UAE's Net Zero 2050 Strategy