United Arab Emirates

Emirate of Sharjah ‘BBB-/A-3’ ratings affirmed; outlook stable: Report

The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors

Alef Education to list 20 percent shares on Abu Dhabi stock market

The final price will be announced on June 5, and shares are likely to begin trading on the ADX on or around June 12

UAE gold prices up, global rates hit record high of $2,440.49 on rate cut bets

The dollar index maintained its downward trend, declining 0.03 percent on Monday

UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries

Sheikh Hamdan inaugurates Dubai AI Campus cluster at DIFC Innovation Hub

The move is part of phase one of the DUB.AI programme launched to accelerate AI adoption across key sectors

UAE e-commerce market to exceed $13.29 billion by 2028

MENA e-commerce market to grow to AED183.6 billion by 2028

Dubai Land Department launches REES initiative to redefine urban landscape

Initiative aims to develop property innovation and attract real estate technology companies to Dubai

Mubadala’s assets under management rise 9.45 percent to $300 billion in 2023

Company's diverse ventures generated total proceeds of AED99 billion in 2023

Dubai International Chamber attracts 8 new multinational companies, 29 international SMEs in Q1 2024

The Chamber also played a crucial role in supporting the expansion of 21 local companies into new global markets during Q1

Seamless Middle East 2024: Monty Finance ready to roll out MyMonty globally

In-store payments, self-service checkouts and eCommerce solutions to transform global payment sector

UAE gold prices rise, global rates on track for second weekly gain

Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies

UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi

The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day

UAE property sector thrives in Q1 2024, prices in Dubai up 20.7 percent: Report

Transaction volumes in Abu Dhabi saw a 22.6 percent increase

Abu Dhabi launches HealthX to advance emirate as global biotech, life sciences hub

The startup program will help onboarding 30 global life science startups into the UAE's healthcare ecosystem over the next 2 years

Sharjah real estate transactions reach $462.83 million in April 2024

Mortgage transactions reached 197, with a value of $109.5 million

UAE gold prices surge, global rates rise on cooling U.S. inflation

U.S. consumer prices increased less than expected in April, which supported bullion

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