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United Arab Emirates
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
Banking & Finance
The shareholders of “Takaful” and “National” agree to merge
The $70.7 million company will be the largest provider by market share
Banking & Finance
Expo 2020 Dubai awards $1.8 billion in contracts to SMEs
These companies accounted for more than a quarter of all contracts by value
Technology
Chalhoub enters the Metaverse with its first NFT collection
“925 Genesis MOOD” to be launched on May 7th
Technology
Abu Dhabi grants Kraken the first license to trade cryptocurrency in dirhams
Kraken has fulfilled all approval requirements
F&B
The UAE accelerates trade in the F&B sector
Total volume of the UAE's foreign trade in F&B increased by 16%
Real Estate
Dubai is a safe business and lifestyle hub
The secondary market activity sees a surge in European investors
Health
UAE played a major role in enabling global health response to COVID-19
The 2nd G20 FMCBG meeting discussed the latest global developments
Hospitality & Tourism
Strong performance by UAE’s hotel market in Q1 2022
Performance supported by Expo 2020, returning international visitors
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