United Arab Emirates

Sheikh Hamdan approves launch of MBZ-SAT satellite

The satellite is fully developed and built by a team of Emirati engineers from MBRSC

UAE announces 10-year Blue Residency visa

UAE already grants 10-year golden visas to eligible investors, entrepreneurs, scientists and outstanding students, among others

UAE construction sector flourishes despite global challenges, holds $590 billion project pipeline: Report

$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28

UAE banking sector witnesses soaring consumer confidence, reaching 90 percent in 2023: UBF Chairman

Banks demonstrated resilience and proactive strategies in adapting to market conditions

Sheikh Hamdan launches new Dubai quality of life strategy featuring more than 200 projects and initiatives

The strategy's objectives include a 300 percent increase in the length of beach cycling tracks

Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024

The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year

UAE gold prices rise, global rates down ahead of key U.S. inflation data

Decline in inflation indicators could bode well for the precious metal

Dubai once again ranks No. 1 for attracting greenfield FDI projects

In 2023, Dubai welcomed 1,070 global greenfield FDI projects, 142 percent more than second-placed Singapore

Abu Dhabi’s DoH, M42 launch region’s largest hybrid cord blood bank

The Abu Dhabi Biobank aims to improve treatment access, health outcomes

Seamless Middle East 2024 begins today, to navigate the future of digital commerce

Topics of discussion will include AI's impact on the banking industry, real-time transactions, the evolving commerce landscape

Abu Dhabi’s Etihad Airways carries 5.7 million passengers in 4 months

The airline transported over 1.4 million passengers, resulting in an average passenger load factor of 84 percent

Dubai’s Spinneys revenues surge to $221.89 million, transactions rise by 9.5 percent in Q1 2024

The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter

Number of UAE nationals employed in private sector rises 157 percent in 2 years: MoHRE

UAE labor market witnessed a 10.53 percent growth in the number of employees

e& UAE claims new 5G record with fastest 30.5Gbps speed

The achievement showcased the strong combination of multiple carriers operating on high-band and mid-band spectrums

UAE ranks second globally in shopping satisfaction: Report

Extensive use of digital features improves the in-store shopping experiences of UAE consumers

Abu Dhabi airport, Shanghai explore expanding economic, tourism ties

Investments, trade alliances and cultural exchanges to further deepen UAE-China ties

UAE gold prices up marginally, global rates rise ahead of U.S. inflation data

Stagflationary risks in the U.S. continue to support gold prices

UAE’s TII launches updated Falcon 2 LLM, outperforming Meta’s Llama 3

Falcon 2 11B VLM stands out as TII's first multimodal model

UAE’s ADNOC Drilling reports record revenue of $886 million in Q1 2024

The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase

Investopia Europe 2024: UAE Economy Minister highlights strong strategic ties with EU, vows to deepen mutually beneficial relationship

H.E. Bin Touq meets with ministers and top EU officials to discuss prospects for enhancing economic cooperation

UAE, Mauritius to deepen cooperation in water, energy, sanitation

Areas of collaboration included renewable energy, hydrogen, liquefied natural gas

UAE leads global fiber connectivity for 8 years in a row with 99.3 percent penetration

Singapore ranks second with 97.1 percent fiber optic network penetration

Mubadala Energy announces second gas discovery in Indonesia’s South Andaman

Discovery comes just a few months after the major discovery at the Layaran-1 well