United Arab Emirates

Moody’s affirms UAE’s Aa2 rating citing strong economic diversification momentum

The UAE's rating takes into account the strong support from the government of Abu Dhabi, said the agency

Emirates Islamic’s $750 million senior unsecured sukuk oversubscribed 2.1 times

The sukuk saw demand from over 100 investors, including a considerable amount of new investors

UAE flights canceled, diverted amid London Heathrow Airport closure

London’s main airport said that it had suffered a significant power failure due to a fire at an electrical substation supplying the facility

DEWA approves $844 million dividend for H2 2024, elects new board of directors

In 2024, DEWA Group delivered another year of strong performance, reporting consolidated full-year revenue of AED30.98 billion

UAE gold prices dip AED0.5, global rates set for third weekly gain on rate cut hopes

Bullion recorded an all-time high of $3,057.21 per ounce on Thursday and has climbed about 1.5 percent so far this week

UAE: 8 essential travel tips to ensure a smooth journey during peak holiday seasons

The UAE's airports are gearing up for high passenger volumes during the upcoming Eid Al Fitr holiday

DP World launches deep-water port project in Congo

This collaboration marks a key milestone in the Banana Port project, transforming trade and boosting DRC’s economy

Dubai ranks 5th globally for FinTech for the first time: Global Financial Center Index

Dubai was the only financial city in the region to rank in the top 15 for global competitiveness across multiple categories

UAE’s eInvoicing program: New portal, stricter criteria to boost financial efficiency

Accreditation is valid for two years; service providers must submit renewal applications before expiration

UAE empowers Emirati mothers with enhanced pension rights, leave benefits

The law mandates equal pension distribution among daughters and sons, ensuring fairness in shares

DWTC welcomes 2.65 million attendees in 2024, MICE segment grows 26 percent

The healthcare, medical and scientific sector remained the top-performing industry, with 25 events that attracted over 465,000 attendees

ADIO partners with global creator firm to establish regional HQ as content creator economy nears $440 billion

Gushcloud's expansion is set to create 100+ full-time jobs across tech, finance, sales, and legal sectors

ENOC Group, RTA partner to explore green hydrogen-powered mobility solutions in Dubai

ENOC Group will supply green hydrogen fuel to RTA’s hydrogen-powered city buses

Emirates anticipates busy weekends before Eid al-Fitr, with over 80,000 daily travelers for spring break

Emirates advises customers to allow extra time for journeys to Terminal 3 due to expected traffic congestion

Sheikh Hamdan issues resolution forming data and statistics committee in Dubai

Committee will integrate the use, exchange and governance of data and statistics in Dubai

NVIDIA and xAI to join MGX, BlackRock and Microsoft’s $30 billion AI Infrastructure Partnership

Partnership will mobilize up to $100 billion in total investment potential when including debt financing

UAE gold prices gain AED2.25, global rates hit new record high at $3,055.96

So far this year, gold has recorded 16 record highs, four of which were above the $3,000 milestone

ADQ, Energy Capital Partners to invest $25 billion in powering U.S. data center

Partnership seeks to service the growing power needs of data centers, hyperscale cloud companies and other energy-intensive industries

Federal Reserve, UAE central bank hold interest rates steady as Trump’s policies raise economic concerns

The UAE central bank has also decided to maintain the Base Rate applicable to the Overnight Deposit Facility (ODF) at 4.40 percent

Abu Dhabi’s G42, NVIDIA to develop AI-powered weather forecasting system

G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model

UAE, EU strengthen relations as bilateral non-oil trade reaches $67.6 billion

Bilateral non-oil trade between the UAE and Belgium reached $4.7 billion in 2024

UAE real estate: Leading 2024 project awards with 45 percent share worth $40.6 billion

Dubai's residential sector saw 32 percent sales growth in 2024, reaching $99.9 billion, driven by investor interest

DP World’s expanded electric freight operations at Jebel Ali Port to reduce 14,600 tons of CO2 equivalent annually

The first wave of the electric fleet is set to move over 204,000 twenty-foot containers annually