United Arab Emirates

Abu Dhabi’s ADIPEC 2024 to explore role of AI, finance in accelerating energy transition

Event to feature more than 1,800 leading innovators, experts, and visionaries from fields of energy and AI

UAE drives regional economic growth: Insights from LSE Deputy CEO

The country has successfully completed 37 bond issues amounting to a total of $18.51 billion 

Abu Dhabi Commercial Bank announces H1 2024 net profit after tax of $1.2 billion

Customer deposits in current and savings accounts totaled AED169 billion by the end of September 2024 

UAE named Middle East’s hub for women in business

87 percent of women leaders have made changes to be more inclusive of women in managerial positions

Dubai reveals #ZayedAndRashid campaign: A celebration of national unity, cultural heritage across emirates

The campaign coincides with UAE Flag Day and 53rd Eid Al Etihad celebrations

NMDC Energy profits surge 145 percent to $109.45 million in Q3 2024

Revenue in the first nine months of 2024 rose 96 percent to a record high of $2.66 billion

Islamic treasury bonds auction for October 2024 attracts $1.96 billion in bids

The auction attracted interest from eight primary dealers for both tranches maturing in May 2027 and September 2029

UAE President engages with world leaders on trade and development at BRICS Summit

The summit, which runs until October 24, is themed 'Strengthening Multilateralism for Equitable Global Development and Security,’

UAE gold prices dip, global rates rise as demand offsets stronger dollar

Analysts expect gold prices to reach over $2,800 this year and $3,000 in 2025

Dubai’s net-zero efforts cut emissions by 29 percent in 2023

Achievement highlights the effectiveness of current measures under Dubai’s strategy to reduce carbon emissions by 30 percent by 2030

UAE, Rajasthan sign investment agreement to pursue 60 GW renewable energy project in India

Both nations have set ambitious clean energy targets in recent years

UAE President Sheikh Mohamed attends 16th BRICS Summit in Kazan, Russia

Extending until October 24, the 16th BRICS Summit will focus on key issues including financing, technology, food trade and expanding the union’s membership

Dubai Islamic Bank lists $500 million AT1 sukuk on Nasdaq Dubai

Dubai Islamic Bank currently boasts an outstanding value of over $9 billion through 11 sukuk listings on Nasdaq Dubai

UAE maintains leadership in global labor market competitiveness indicators

The country secured the top position globally in four key indicators from the Institute for Management Development World Competitiveness Yearbook 2024

Dubai’s DMCC reports 11 percent growth in Turkish companies as UAE-Türkiye trade surges

In the first half of 2024, trade between the two countries rose by 15 percent, following a surge of 107 percent in 2023

UAE’s AI firm G42 appoints new Group Chief Strategy Officer

Ali Dalloul brings extensive expertise in AI commercialization, enterprise integration, and product strategy

ADNH Catering shares listed on ADX following successful IPO

The IPO raised gross proceeds of AED864 million, implying a market capitalization of AED2.16 billion at listing

UAE’s real GDP expected to expand by 5.1 percent in 2025, according to IMF

Globally, growth is expected to remain stable but lackluster, with projections of 3.2 percent for both 2024 and 2025 

Sheikh Mohammed bin Rashid meets local investors, businessmen at Zabeel Palace

Sheikh Mohammed engaged with attendees on a range of topics related to Dubai’s development journey

Arada introduces $1.36 billion W Residences project at Dubai Harbour, featuring over 400 apartments for sale

This project features a selection of amenities and is situated in one of Dubai’s most sought-after districts

Parkin to launch barrierless parking at three shopping malls in Dubai

The new parking system will be implemented at Mall of the Emirates, City Centre Deira and City Centre Mirdif by January 1, 2025

flydubai announces new service from Dubai to Bhairahawa in Nepal starting November 10

This service will depart daily from Terminal 2 at Dubai International (DXB), providing travelers with a convenient route to a new entry point into Nepal

Gold prices hit new record high of $2,752.38, UAE rates up

Market awaits the upcoming release of U.S. existing home sales data, which will provide additional insight into the health of the economy

PRYPCO secures $10 million in seed funding led by Shorooq Partners

The seed funding will help PRYPCO scale its operations and expand its offerings