United Arab Emirates

UAE’s National Bank of Fujairah records 155.1% surge in net profit

Resilient performance supported by strong capital adequacy

Top UAE-listed companies reveal mixed Q3 profits

TECOM Group saw a 70% increase in its Q3 profits

UAE’s Al Seer Marine acquires third VLCC vessel valued at $107.8 mn

Company's total global VLCC deal value hits AED 900 mn in 4 months

UAE’s Government revenues increase to AED 463.9 bn in 2021

Social contributions also rose to AED 13.5 bn

Abu Dhabi Fund invests $125 mn in a private equity firm

Fund will be used to acquire sizeable positions in mid-market firms

Dubai set to sell 10% stake in Empower through IPO

Company became one of the world's largest district cooling service provider

Agriculture sector in UAE to contribute AED 19.3 bn to GDP by 2025

Country issued 30 "Agri-Tech" licenses since 2019

ADX posts 16.9% gains on FADX 15

Driven by new listings, increased investors, and trading uptick

UAE bank investments surge AED 19.4 bn in 12 months

Investments climbed by AED 16.6 bn in first 8 months

Lost your job? No problem. Still get paid

UAE employees are protected under the unemployment insurance scheme

UAE receives high ratings for ESG compliance

In contrast to the relatively low global average of only 5.5 out of 10

JAFZA trades $40 billion worth of electronic products in Dubai, region

More than 50 percent of Dubai’s total traded volume

UAE real estate market continues to flourish in Q3

Average residential prices in Q3 grew by 9% year-on-year in Dubai

UAE paid a sizable sum in ransomware the past 2 years

Global ransom demand averaged $2.2 mn in 2021

Dubai’s property market size increases to AED 21.9 bn in Q3

Average price of prime properties increased by 11.29%

Al Seer Marine seeks to conclude future contracts worth AED 36.7 bn

The JV will sell, build and maintain marine vessels across the globe

Mohamed Al Hussaini elected Chairman of Development Committee of WBG

Hussaini will manage committee's programs related to economic development

5G is already paving the way to the metaverse in UAE

Over 50% of UAE users will increase using AR apps