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United Arab Emirates
Banking & Finance
UAE teams up with global bank to accelerate capital market growth
Agreement to increase international investor access to the UAE’s market
Markets
TECOM listing adds billions to Dubai Market capitalization
Shares were active during the first minutes of trading
Economy
UAE non-oil private sector growth slows as inflation bites
Input costs in the non-oil sector rose sharply in June
Economy
Special gifts await exceptional students in the UAE
The objective is to inspire high school pupils to excel
Real Estate
AlAjaji: Real estate is the best investment to hedge against inflation
Driven Real Estate prepares market studies to guide investors
Energy
Dubai raises share of renewable energy sources to 14% by end 2022
DEWA: Total energy production capacity reached 14.1 gigawatts
Banking & Finance
AD Ports to acquire $140 mn stake in two Egypt-based companies
Move marks first international acquisition realized by the Group
Energy
UAE fuel prices rise: What will drivers pay in July?
The price rise is in line with previous increases throughout 2022
Markets
First UAE’s Co-op to list its shares in Dubai Financial Market
Listing is scheduled for the 18th of this month
Economy
Microsoft appoints Naim Yazbeck as General Manager, UAE
Yazbeck to succeed Sayed Hashish who served in the role since 2016
Technology
Dubai begins digital mapping for a fleet of driverless taxis
Increased focus on self-driving transport, more driverless journeys
Logistics
Dubai’s Yiwu Market opens doors to public with 1,600 showrooms
The project aims to increase foreign trade to AED2 tn in five years
Technology
UAE launches first AI Center of Excellence in the region
AI could unlock $12.6 trillion in value globally by 2030
Economy
Dubai to maintain post-pandemic recovery amid GDP growth
International passenger traffic to continue pandemic recovery
Economy
Non-oil trade between UAE, Japan valued at $3.5 billion in Q1 2022
Intra-non-oil trade between two countries reached $13.3 billion in 2021
Banking & Finance
Alpha Dhabi becomes parent company of Aldar Properties
Alpha Dhabi is now Aldar's single largest shareholder
Economy
Shopping online or in-stores? Here’s what women want
50% looked up the product online before going to the store to buy it
Markets
UAE’s TECOM raises over $463 mn for its IPO
Offer marks highest oversubscription multiple for listings on the DFM
Banking & Finance
Heavy demand for UAE bonds despite recession fears
Bonds five times oversubscribed
Energy
ADNOC inks local manufacturing deals
Participating companies to contribute 110 billion dirhams
Economy
UAE: 750 intellectual works’ registration certificates issued in 5 months
A 57% increase compared to the same period in 2021
Economy
UNCTAD: UAE ranks first regionally, 19th globally in attracting FDI
Outward investments flows reached $22.5 billion
Hospitality & Tourism
International visitors fuel Dubai’s tourism momentum
A 197 percent YoY increase from the same period in 2021
Logistics
Abu Dhabi introduces Amazon’s latest last-mile delivery technology
The emirate welcomes opening of largest Amazon high-tech facility
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