United Arab Emirates

ADNOC Drilling lands $1.7 billion deal to tap UAE’s world-class unconventional energy reserves

Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells

Abu Dhabi extends visa support for Indians seeking to get married

The new visa initiative supports emirate’s tourism strategy, which aims to targeting 39.3 million visitors by 2030

Dubai’s Salik posts $153 million in revenues from 122.8 million trips in Q1 2024

Toll usage revenue also grew by 8.1 percent YoY to $133.67 million

Emirates Group profit jumps 71 percent at $5.1 billion, hits new record

The airline, too, reported record profit of AED17.2 billion, up 63 percent

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

U.S. employment data supported gold prices, which rose over 2 percent by the end of last week

Dubai’s investments in Vietnam surpass $76.2 million in 5 years, generating 4,500 job opportunities

Bilateral trade between Dubai and Vietnam surged to $8.6 billion in 2023

UAE, Indonesia sign agreement to promote local currencies for bilateral transactions

Agreement to facilitate the settlement of cross-border trade transactions in the two national currencies

UAE’s SNOC signs deal with Eni to explore oil in Ras Al Khaimah

Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator

Dubai’s DFSA records 25 percent surge in licensed firms in 2023, reaching 791

The Authority saw growth in ESG securities listings, totaling $11.72 billion in new ESG bonds and Sukuk listed

UAE’s UAQ Department of Tourism signs agreement to develop tourism sector in the emirate

The deal seeks to facilitate the exchange of knowledge and expertise in the fields of tourism, hospitality, and entertainment

UAE’s ADNIC posts net profit of $27.4 million for Q1 2024

The solid performance is attributed to ADNIC's strong underwriting discipline and substantial growth in key metrics

Dubai’s residential segment thrives with 24.7 percent annual growth in Q1 2024: Report

The office sector soars with 29.9 percent annual increase during the quarter

UAE gold prices surge, global rates at over two-week high on rate-cut hopes

Softer U.S. jobless claims data contributed to the optimism surrounding gold

ATM 2024 breaks record with 15 percent growth and over 46,000 attendees across four days

The 31st edition of the event welcomed more than 33,000 visitors from over 160 countries

UAE travel ban: Complete guide on how to check the restrictions

A travel ban, as defined by the government, is an order that prohibits an individual from leaving or entering the country

ADNOC Distribution’s earnings grow 18 percent to $248 million in Q1 2024

Excluding the corporate tax impact, net profit saw a robust 13 percent year-on-year increase to $165 million

Abu Dhabi’s Presight, ADNOC acquire controlling stake in AIQ

The deal aims to expedite AI innovation, cultivate cutting-edge energy and industry solutions

Dubai’s DET boosts green future efforts with inaugural sustainability report

Report showcases city's efforts to align with global sustainability objectives and D33

$35 billion Al Maktoum airport expansion, commercial transport strategy to propel Dubai’s growth: Sheikh Hamdan

Commercial Transport Strategy 2030 aims to double sector's contribution to Dubai's economy to AED16.8 billion

UAE gold prices up as global rates rise on anticipated U.S. economic data

Hotter-than-expected U.S. inflation data could potentially drive gold prices down

After 41 years, Colm McLoughlin to step down as Dubai Duty Free executive vice-chairman, CEO

Announcing his retirement, McLoughlin says he will maintain an advisory role with the organisation

ADNOC L&S reports $193.8 million in net profit for Q1 2024

This represents a 34 percent increase compared to the net profit of $145.1 million achieved during the same period last year