United Arab Emirates

UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024

Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment 

UAE advances space sector’s growth with launch of FADA, EDGE Group’s new space company

FADA to significantly contributes to the UAE's transition to a knowledge-based economy and its broader economic diversification goals

Abu Dhabi Housing Authority and Abu Dhabi Commercial Bank collaborate to enhance housing loan accessibility for UAE nationals

This initiative allows eligible citizens to secure extra financing on their AED1.75 million loans for better housing

ADNOC Distribution approves $350 million interim cash dividend for H1 2024

ADNOC Distribution to pay the second and final dividend for 2024 in April 2025

Arcapita and Dgpays consortium acquires majority stake in NEOPAY from Dubai’s Mashreq

The transaction values NEOPAY at approximately $385 million, pending regulatory approvals

UAE issues treasury bonds, Islamic sukuk worth $6.81 billion since 2022

The programs saw the issuance of treasury bonds worth $3.05 billion and Islamic sukuk worth $3.76 billion

UAE celebrates 94th Saudi National Day, reinforcing fraternal ties as non-oil trade soars to $280.96 billion from 2014 to 2023

The fraternal ties between the UAE and Saudi Arabia exemplify a unique model of collaboration

Global gold prices set new record high of $2,631.09 on rising geopolitical tensions, UAE rates up

Declining interest rates globally, rising geopolitical tensions in the Middle East and the upcoming U.S. election boost gold to new high

RAKEZ boosts UAE-India economic ties, collaborates with CEPA Council

India is a key market for RAKEZ, which is already home to over 6,000 Indian investors

AD Ports Group signs agreements with two UAE banks to refinance $2.25 billion debt

The two new lending facilities also extend debt maturity to 2026 and beyond

Sharjah’s Arada completes phases 2 and 3 of Masaar: 986 homes handover begins in 19 million square foot masterplan

Masaar, organized into six gated districts, encompasses a total of 3,000 villas and townhouses 

New Georgian Business Council established by Dubai Chamber of Commerce to boost trade, investment

This initiative enhances collaboration between Dubai and Georgia's private sectors 

Alef Group launches Samr 1 neighborhood in $953 million Hayyan development, Sharjah

New residential development consists of 180 units including townhouses and standalone villas

ITS World Congress 2024: Bridgestone showcases latest innovations, green mobility solutions

Bridgestone highlights sustainable mobility by focusing on accelerating the adoption of EVs and other eco-friendly transportation solutions

Etihad Airways marks 20 years of linking India to Abu Dhabi and beyond

The carrier boosted seat capacity from Abu Dhabi to India by adding flights to Ahmedabad, Bengaluru, and Kolkata 

Sharjah Investment Forum 2024 attracts 5,000+ attendees, paving path to smart economies

The event highlighted Sharjah’s strategic role as a prime destination for FDI

Etihad Cargo, SF Airlines strengthen UAE-China trade with joint venture commitment

Key aspects of the joint venture include greater aircraft capacity, improved transit times and interconnected networks

Abu Dhabi’s G42, NVIDIA partner to advance climate technology

The two companies will establish a new operational base and a climate tech lab in Abu Dhabi

UAE gold prices surge, global rates set for weekly gain following Fed rate cut

The dollar index fell 0.05 percent to 100.56, making gold less expensive for other currency holders

VERSES AI, Analog launch smart city pilot in Abu Dhabi to optimize taxi fleet management

The project aims to simulate taxi fleet management in Abu Dhabi using the Genius platform

AD Ports Group’s 2023 highlights: 5,000 tons of CO2 saved, 124 CSR projects launched

The Group achieved 7 percent drop in electricity consumption, 174 percent increase in recycled waste

Dubai launches new initiative to attract investments, boost global medical tourism market

New MoU between DHA and DET aims to position Dubai as a leading global medical tourism destination