United Arab Emirates

UAE, global gold prices rise as U.S. inflation data supports November rate cut

Market focus now shifts to U.S. Producer Price Index (PPI) report due today

COP28 President urges global unity and action at COP29 to advance climate goals, build on UAE Consensus

The UAE Consensus serves as a crucial roadmap for fulfilling the aspirations of the Paris Agreement 

Dubai’s Union Properties launches $545 million ‘Takaya’ development in Motor City

Over the last three quarters, Motor City has experienced a sharp rise in real estate transactions and a notable acceleration of market momentum

22 percent of UAE’s non-oil trade transported by road in 2023, totaling $156.9 billion

UAE Minister Suhail Al Mazrouei said the advanced transport system has boosted the UAE's competitiveness 

UAE, Malaysia conclude CEPA talks as bilateral non-oil trade exceeds $2.5 billion in H1 2024

In the first half of 2024, non-oil trade between the UAE and Malaysia reached $2.5 billion, a 7 percent annual increase

Aldar, Expo City Dubai plan $480 million mixed-use development near Al Maktoum airport

Aldar and Expo City Dubai have established a 50-50 joint venture to deliver and own the development

UAE’s MoHAP, SEDD partner to streamline facility licensing in Sharjah

This initiative enhances regulatory services by integrating best practices in digital transformation

UAE’s AI firm G42 to reveal ‘Intelligence Grid’ at GITEX 2024

The grid aims to establish a new benchmark for scalable AI solutions across essential sectors such as government, healthcare, and energy

UAE-Oman Hafeet Rail project signs $1.5 billion bank financing deals

A single freight train journey is expected to transport over 15,000 tons of cargo, equivalent to about 270 standard containers 

flydubai Cargo, cargo.one partner to enhance digital sales capabilities, expand global presence

Carrier to raise digital sales with access to cargo.one’s global community of freight forwarders in 121 countries

ADNOC Gas leverages 3D printing for 3,500 components, aiming for $50 million in savings by 2028

The adoption of 3D printing offers a sophisticated digital solution for quickly producing high-quality components 

Expand North Star 2024: Dubai Chamber of Digital Economy highlights competitive advantages of emirate’s digital business ecosystem 

The chamber will showcase the top facilities and infrastructure in the emirate for supporting digital startups

UAE gold prices down, global rates inch up ahead of key U.S. inflation data

Traders are currently pricing an 84.7 percent chance of a 25-basis-point cut in November

Dubai Land Department launches second phase of real estate brokers program

The program aims to increase the percentage of Emirati brokers from 5 percent to 15 percent over the next three years

Dubai’s real estate revenues surpass U.K.’s in 2023: Emaar’s Mohamed Alabbar

Dubai Land Department launches second phase of the Dubai Real Estate Brokers Program

Dubai’s Empower signs agreement with Mitsubishi Heavy Industries to supply 100,000 RT chillers

The contract includes 18 energy-efficient water-cooled chillers with a total capacity of 56,250 RT, set for delivery in 2025

Dubai’s dnata secures multi-year catering deal with T’way Air in Rome to supply 80,000 meals annually

T’way Air will operate three weekly flights connecting the Italian capital with South Korea 

Ooredoo raises $500 million through 10-year bond issue

The bond features an annual coupon rate of 4.625 percent and matures in October 2034

Italy’s Raccortubi S.p.A invests $6.8 million in Sharjah’s Hamriyah Free Zone

This investment highlights Hamriyah Free Zone's effort to attract diverse foreign investments 

Core42 expands next-gen AI cloud offerings in UAE using NVIDIA infrastructure

Core42 has made the full NVIDIA DGX experience available locally, leveraging the NVIDIA AI Enterprise software platform

UAE committed to enhancing global trade system through strategic agreements, investments in key sectors: WTO

WTO’s Johanna Hill noted that "the UAE is playing an incredible role in world trade” 

Human Mobile Devices is putting the ‘human’ back into phone design with its new smartphone: The HMD Skyline 5G

Crafted from recycled aluminum, built to last longer with great battery cycle and easy self-repair innovative design

Ras Al Khaimah International Airport welcomes inaugural Fly Vaayu flight from China

Ras Al Khaimah International Airport will serve as a vital link for the carrier, connecting Asia, Africa and Europe