United Arab Emirates

Parkin revenues surge 25 percent to $65.12 million in Q3 2024

Parkin's net profit rose 5 percent to AED104.7 million compared to AED99.8 million in Q3 2023

UAE education ministry, Space42 launch spacetech educational campaign for UAE students

Campaign aims to encourage greater engagement with the sciences through hands-on learning experiences that align with the UAE’s STEM curriculum

Sheikh Maktoum, Visa’s Oliver Jenkyn meet to advance innovation in fintech and digital financial services

This meeting underscores the UAE's commitment to collaborating with global fintech leaders to foster innovation 

Dubai air taxis: Construction of first vertiport begins near DXB

The 3,100 sqm facility will have the capacity to handle 42,000 landings and 170,000 passengers annually

UAE President attends COP29, urges accelerated climate action

As COP29 President, Babayev emphasized the conference's commitment to inclusivity, transparency, and collaboration among Parties

Emaar Development reports 66 percent surge in property sales, exceeding $13 billion in Q1-Q3

The launch of 50 projects across various masterplans solidifies Emaar's market leadership and paves the way for future growth 

Sheikh Hamdan appoints Moaza Al Marri CEO of Executive Affairs Sector at RTA

This Resolution is effective from the date of its issuance and will be published in the Official Gazette

UAE, global gold prices hover near one-month low ahead of key U.S. data, Fed comments

U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election

Abu Dhabi’s ascent continues as the ‘Falcon Economy’ soars

Expanding non-oil sectors and thriving financial landscape propel the UAE capital’s growth

DEWA achieves record revenue of $6.4 billion, $3.2 billion in EBITDA during first nine months

The authority reported a consolidated revenue of AED9.9 billion for the third quarter of 2024, reflecting a 4.75 percent increase

UAE diamond trade to hit $40 billion in 2024

Diamonds account for 5.5 percent of the UAE's non-oil trade, with the value of diamond trade reaching nearly $39 billion in 2023

Emirates leads ULTRAs 2024 Awards as ‘Best Airline in the World’

In 2023, the airline refurbished eight aircraft—three A380s and five Boeing 777s—under its $4 billion retrofit initiative

$353.9 million of real estate transactions in Central, Eastern regions of Sharjah

The department recorded a total of 22,059 real estate transactions, covering 37 million square feet

Dubai Tram transports over 60 million passengers since launch

Dubai Tram leads the world as the first tram system with automatic platform doors at stations, ensuring the highest levels of safety and comfort for passengers

Dubai Municipality completes 7 intersection planting projects on Sheikh Zayed, Al Khail roads for $66.7 million

These initiatives further cover an impressive area of over 1.4 million square meters

UAE establishes new agency to lead humanitarian aid, disaster relief efforts

The agency's main role is to implement foreign aid programs that align with international humanitarian policies

COP29: UAE hands COP presidency over to Azerbaijan, highlights historic UAE Consensus

During the speech, Dr. Al Jaber called on all parties to 'prove once again that we can unite, act, and deliver'

DIFC successfully repays $700 million sukuk on schedule

The Sukuk was issued to fund the Centre’s expansion, including Gate Avenue

ADNOC Gas to acquire 60 percent stake in Ruwais LNG for $5 billion from ADNOC

The Ruwais LNG plant will more than double ADNOC Gas’ current gross 6 mtpa LNG capacity to more than 15 mtpa

Sheikh Hamdan names new CEO of Central Accounts Sector at Dubai Finance Department

Ahmad Al Marzouqi has been appointed as the Chief Executive Officer of the Central Accounts Sector

COP29 begins in Baku with active, effective participation from UAE

COP29's mission is to restrict global warming to 1.5°C, highlighting the critical necessity for investment in climate initiatives

Sheikh Hamdan appoints 3 deputies to Secretary General of The Executive Council of Dubai

Hamda Mohammed Jassim bin Kalban has been appointed as the Assistant Secretary General of the Council

UAE, global gold prices dip as market awaits key U.S. data, Fed comments

The dollar gained 0.08 percent to 105.08 on Monday after marking significant gains following the U.S. Presidential election