United Arab Emirates

Emirates, Avianca launch codeshare partnership through European gateways

Emirates and Avianca customers can enjoy seamless connectivity on multiple routes starting June 4

$935 million institutional placement of ADNOC Drilling shares complete

ADNOC will retain the majority 78.5 percent of ADNOC Drilling

Sharjah’s GDP surges 6.5 percent to $39.5 billion in 2023

Non-oil sectors also saw a significant 7.1 percent increase, reaching $38.79 billion in 2023

Emirates NBD upgrades UAE’s non-oil growth forecast to 5 percent in 2024

In 2023, the UAE's economy grew by 3.6 percent, in line with the bank's forecasts

Dubai’s RTA accelerates technological advancements with AI, metaverse and robotics in new digital strategy

The Authority launched 24 innovative initiatives integral to Digital Strategy 2023-2030

UAE gold prices slip, global rates continue decline after Monday’s record high

Traders are currently pricing in a 73 percent chance of an interest rate cut in November

UAE world’s second-largest global commodity trading hub: DMCC report

United States retained the top spot on the Commodity Trade Index with a score of 59 percent

UAE’s Islamic T-sukuk auction attracts bids worth $2.67 billion, oversubscribed 8.9 times

Strong demand seen from the eight primary dealers for both the 3-year and 5-year tranches of the sukuk

ADNOC acquires 10 percent stake in major LNG development in Mozambique

Mozambique's Coral South LNG development has a production capacity of almost 3.5 mtpa

UAE and France partner to boost global AI ecosystem

The partnership will cover various areas, including data centre and supercomputing infrastructure buildout

High-net-worth individuals poised to invest $4.4 billion in Dubai’s residential real estate: Report

According to Knight Frank, Dubai's prosperity has been fuelled by its transformation into a global commerce hub over the last 50 years

Fitch upgrades Ras Al Khaimah to ‘A+ with stable outlook, forecasts 6.2 percent growth in 2024

The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts

UAE gold prices dip, global rates down ahead of Fed meeting minutes

Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year

Sheikh Mohammed bin Rashid visits Zayed International Airport in Abu Dhabi

The airport spans 742,000 square meters and can handle up to 45 million passengers per year

Meet half-yearly Emiratization targets by June 30, urges UAE ministry

2024 targets aim to raise the number of skilled Emiratis working in the private sector by 1 percent

AD Ports’s SAFEEN Group trials Middle East’s first electric tug

Electric tug boasts a 70-ton bollard pull able to handle the largest vessels

UAE leads MENA region, ranks among top 20 on WEF travel and tourism index

According to the report, the UAE has raised its score by 4.4 percent in the 2024 index

Abu Dhabi bans single-use styrofoam products starting June 1, 2024

Ban falls under the EAD's 'single-use plastic policy' which the authority launched in 2020

Dubai World Trade Centre’s economic output soars 40 percent to $4.97 billion in 2023

DWTC hosted 76 events with 1.54 million attendees, 46 percent international

Abu Dhabi’s Mubadala backs Japan’s 108GW solar target with inaugural renewable energy investment

PAG REN I platform will play a critical role in supporting large corporations across Japan as they transition to clean energy

UAE hospitality sector surges in Q1 2024, 22 percent rise in Abu Dhabi hotel guest numbers: Report

Dubai experienced robust growth with a total of 5.18 million international visitors in Q1

UAE gold prices slip, global rates decline from record high on stronger dollar

The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies

Dubai International welcomes 23 million passengers in Q1 2024, targets 91 million by year-end

India remained DXB's top destination country, with passenger traffic reaching 3.1 million