United Arab Emirates

PureHealth contributes $272.2 million to support National ICV program

National ICV Program witnessed remarkable growth, redirecting AED67 billion into the national economy in 2023

ADNOC Distribution targets 500 fast EV charging points in the next 5 years

Company aims to raise the number of EV charging points to 200 by the end of this year

UAE gold prices rise, global rates dip as traders reduce rate cut expectations

Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates

Sheikh Ahmed attends opening of 22nd Arab Media Forum in Dubai

The forum was held on Day 2 the Arab Media Summit 2024

DMCC, Korea’s SBA ink agreement to boost bilateral innovation, trade and entrepreneurship

DMCC has intensified its outreach to South Korea, hosting three roadshows in different cities

Make it in the Emirates Forum: EDB commits $1.36 billion to propel UAE’s manufacturing sector

EDB’s targeted financing includes AED1 billion allocated for co-lending with commercial banks

Alef Education sets IPO offer price between AED1.30 and AED1.35 per share

Total offering size to reach between $496 million and $515 million

Make it in the Emirates Forum: $111.6 million land capacity expansion at Dubai Industrial City

Land occupancy at Dubai Industrial City grew by 12 percent to reach 97 percent in Q1 this year

Make it in the Emirates Forum discusses industrial sustainability regulation, roadmap towards sustainable development

Regulation aims to reduce energy demand by 33 percent, improve air quality by 32 percent

Sheikh Khaled inaugurates phase one of Abu Dhabi’s $844 million North Bani Yas housing project

The wider project, estimated at $2.53 billion, has been officially named Al Mizn Neighbourhood

Dubai’s IPO boom positions city as thriving hub for capital markets: Report

Privatization of state-related entities to support the initial phase of regional IPO growth

UAE gold prices decline, global rates rise as focus shifts to U.S. inflation data

Strong dollar, possible interest rate hikes are major risks to gold prices

Make it in the Emirates forum: MoIAT, EDB to launch $100 million AI financing support

The program aims to create opportunities for local and global technology developers and startups

UAE banking sector’s profitability grows $5.66 billion in Q1 2024: Report

Banking sector's loans and advances grew 3.4 percent, reaching their highest level post-COVID-19

UAE tourism sector contributed $59.89 billion to GDP in 2023, generated 809,000 job opportunities

Projections suggest that the number of job opportunities will increase to 833,000 in 2024

Third edition of Make It in the Emirates Forum begins in Abu Dhabi, focusing on investment, innovation and growth

The forum features a diverse range of participants, including government, business, and financial representatives

UAE gold prices rise, global rates recover from 2-week low ahead of U.S. inflation data

Gold prices achieved a record high of $2,449.89 but have since lost over $100

Dubai’s DP World, Saudi Arabia’s Mawani break ground on $240 million logistics park in Jeddah

The collaboration between Mawani and DP World also includes the management of a container terminal through a separate 30-year concession

Third Make It in the Emirates Forum to begin on Monday in Abu Dhabi

The previous two editions generated AED121 billion ($33 billion) worth of local procurement opportunities

UAE Islamic banks surpass $195.39 billion in assets, up 13.61 percent year-on-year

The assets of Islamic banks operating in the UAE increased by about $23.41 billion over the past 12 month

UAE’s DEWA and Parkin join forces to expand Dubai’s EV charging network

By April 2024, there will be over 30,000 electric vehicles in Dubai, says Al Tayer

UAE announces $10 billion investment package to boost Pakistan’s promising economic sectors

In January 2023, the UAE agreed to roll over an existing $2 billion loan and provide an additional $1 billion to Pakistan

UAE gold prices decline further, global rates eye largest weekly drop in 8 months

Chinese reserve buying remains a significant tailwind, driving demand and supporting gold prices