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United Arab Emirates
Hospitality & Tourism
UAE, Saudi top MENA region list of where GCC travelers plan to visit
GCC travellers have a vital role in driving tourism recovery
Energy
More investments needed to diversify clean energy production
Global leaders, industry experts convene for day two of the World Utilities Congress
Technology
UAE firms are paying ransomware to crooks, despite the risks
59% of UAE's organizations surveyed were hit with ransomware in 2021
Hospitality & Tourism
Dubai tops global hotel occupancy ranking
3.9 million foreign travelers visit the emirate in Q1 2022
Logistics
Emirates Airlines hopes to start paying Dubai government $4.1 bn soon
Company awarded title of "Best Air Carrier in the World"
Markets
Subscription to ADC’s IPO begins May 12
It plans to raise 367 million dirhams
Markets
ADX Secondary market encourages more listings by private businesses
FAM Holding to list its shares on the ADX's growth market
Economy
UAE issues new laws in latest labor market reforms
Heavy penalties imposed if private firms do not meet the Emiratisation criteria
Energy
Fuel sales raise ADNOC Distribution’s profit by 6.3%
The company recorded the highest volume of fuel sales ever during Q1
Hospitality & Tourism
ATM: Dubai contributes to promoting the recovery of global tourism
The largest event of its kind in the Middle East attracts 1500 exhibitors
Economy
Dubai beats New York, Paris as top city for FDI in financial firms
Total capital flows of FDI projects exceeded 26 billion dirhams in 2021
Economy
S&P: UAE’s business activity maintains strong growth
Soaring energy, material prices led to great increases in production input costs
Hospitality & Tourism
Medical tourism in the UAE is booming
It has outperformed many countries that have a long history in this field
Technology
Dubai’s VARA becomes world’s first authority to enter the metaverse
VARA establishes its headquarters in The Sandbox
Hospitality & Tourism
All eyes on ATM Dubai, with live and virtual versions
Event will host 1,500 exhibitors and reps from 112 global destinations
Telecom
Dubai telecom operator Du posts net profit jump of AED 311 mn
The surge is driven by sustained demand for broadband and mobile services
Economy
UAE’s retail sector booming in 2022
Consumer spending in retail stores increased by 14 percent in Q1
Banking & Finance
ADNOC acquires Mubadala’s stake in Borealis
Upon completion of the transaction, Borealis will be 25% by ADNOC
Energy
Digitalization, sustainability vital to tackle water scarcity
WUC 2022 set to discuss the future of low-carbon power and water supplies
Markets
Which government companies will be listed on the DFM?
The introduction of road toll system (Salik) expected next
Technology
Dubai to launch first robotic biobank in the UAE
AED17 million to advance medical research and discovery
Logistics
Aramex first UAE company removes foreign ownership limits
The decision will allow investors to invest in the company’s stocks
Banking & Finance
Abu Dhabi Bank’s profits hit record levels with sale of stake in “Magnati”
The merger with "Awda Misr" scheduled in next few months
F&B
An interview with DRIFT Beach Dubai’s Chef de Cuisine Sylvain Noël
Bringing Provençal cuisine to the region
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