United Arab Emirates

UAE’s MoEI, Etihad WE partner to promote fast and accessible EV charging

The partnership seamlessly aligns with the UAE's Net Zero 2050 Strategy

ADNOC makes first major U.S. investment with 11.7 percent stake in NextDecade’s LNG project

ADNOC also signed a 20-year LNG off-take agreement for 1.9 million tonnes per annum of LNG

ADX launches Global Investor Roadshow in New York, showcases leading companies

Market capitalization of 15 of ADX’s most prominent listed companies reaches over $228 billion

UAE’s real GDP to grow 4 percent in 2024: IMF

UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease

Abu Dhabi’s Tadweer Group, DUBAL Holding acquire e-waste specialist Enviroserve

Acquisition seeks to enhance Tadweer Group's sustainable waste management operations, e-waste recycling capabilities

Abu Dhabi’s ADGM sees record 211 percent surge in AUM in Q1 2024

107 asset and fund managers operating in ADGM, currently managing 137 funds

UAE aviation sector sees 14.7 percent passenger growth in Q1 2024 at 36.5 million

The breakdown includes over 10.7 million arrivals, 10.9 million departures, and nearly 15 million transit passengers

Emirate of Sharjah ‘BBB-/A-3’ ratings affirmed; outlook stable: Report

The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors

Alef Education to list 20 percent shares on Abu Dhabi stock market

The final price will be announced on June 5, and shares are likely to begin trading on the ADX on or around June 12

UAE gold prices up, global rates hit record high of $2,440.49 on rate cut bets

The dollar index maintained its downward trend, declining 0.03 percent on Monday

UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries

Sheikh Hamdan inaugurates Dubai AI Campus cluster at DIFC Innovation Hub

The move is part of phase one of the DUB.AI programme launched to accelerate AI adoption across key sectors

UAE e-commerce market to exceed $13.29 billion by 2028

MENA e-commerce market to grow to AED183.6 billion by 2028

Dubai Land Department launches REES initiative to redefine urban landscape

Initiative aims to develop property innovation and attract real estate technology companies to Dubai

Mubadala’s assets under management rise 9.45 percent to $300 billion in 2023

Company's diverse ventures generated total proceeds of AED99 billion in 2023

Dubai International Chamber attracts 8 new multinational companies, 29 international SMEs in Q1 2024

The Chamber also played a crucial role in supporting the expansion of 21 local companies into new global markets during Q1

Seamless Middle East 2024: Monty Finance ready to roll out MyMonty globally

In-store payments, self-service checkouts and eCommerce solutions to transform global payment sector

UAE gold prices rise, global rates on track for second weekly gain

Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies

UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi

The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day

UAE property sector thrives in Q1 2024, prices in Dubai up 20.7 percent: Report

Transaction volumes in Abu Dhabi saw a 22.6 percent increase

Abu Dhabi launches HealthX to advance emirate as global biotech, life sciences hub

The startup program will help onboarding 30 global life science startups into the UAE's healthcare ecosystem over the next 2 years

Sharjah real estate transactions reach $462.83 million in April 2024

Mortgage transactions reached 197, with a value of $109.5 million

UAE gold prices surge, global rates rise on cooling U.S. inflation

U.S. consumer prices increased less than expected in April, which supported bullion