United Arab Emirates

Dubai real estate market on track for 30 percent sales growth by end of 2024

Annual sales transaction volumes have now surpassed 151,000 and have eclipsed 2023 year-end sales by 13.4 percent

UAE’s digital banking sector on track to reach $175.7 billion by 2029

In 2024, 80 percent of UAE banks have prioritized digital transformation, placing the nation at the center of the tech-driven banking evolution

Sheikh Hamdan witnesses agreement for new global MMA championship

The much-anticipated event is scheduled for 25 January 2025, at the Coca-Cola Arena located in Dubai’s City Walk

Sheikh Hamdan bin Zayed attends groundbreaking ceremony of Ruwais LNG Project in Al Dhafra Region

ADNOC is investing approximately AED175 billion in the Ruwais LNG, Hail and Ghasha, Borouge 4 and TA’ZIZ mega-projects

Etihad Airways reports $381 million profit after tax for first nine months of 2024

The carrier achieved 21 percent revenue growth, surpassing $5 billion in the first three quarters

Autocraft’s E20+ air taxi: A new era for urban mobility in the UAE

The “E” signifies Electric, highlighting the zero-emission propulsion that shapes the future of sustainable air travel

UAE President meets Qatar’s Prime Minister to enhance cooperation between nations

Discussions also explored ways to enhance mutual interests and reinforce security and stability in the region

Dubai International Chamber attracts 157 multinational companies, SMEs from Q1 to Q3 of 2024

The Chamber successfully supported 75 local companies expanding into global markets

Gold prices rise to one-week high on rising Russia-Ukraine tensions

Several Federal Reserve officials this week are expected to provide additional insight into the U.S. rate cut trajectory

Crown Prince of Abu Dhabi reviews Mubadala’s progress, stresses UAE investment importance in Brazil

Mubadala’s investments in Brazil have greatly contributed to the country’s socioeconomic development over the past 12 years

Sheikh Hamdan bin Mohammed attends Dubai Future Forum 2024

Sheikh Hamdan emphasized Dubai’s standing as a global pathbreaker in designing the future and anticipating emerging trends and opportunities

UAE and Rwanda: A growing partnership for Africa’s future

The UAE has become a pivotal partner for Rwanda, with trade between the two nations exceeding $1.1 billion in 2023

AED96,000 fine if companies fail to meet Emiratization targets, says MoHRE

Establishments with 50 or more workers must ensure a 2 percent increase in the number of Emirati employees in skilled positions

Dubai Future Forum 2024: World poised for ‘era-defining moments’

The forum kicked off today in its third edition at the Museum of the Future, welcoming over 2,500 experts from 100 countries

RTA launches comprehensive initiatives to enhance taxi services for residents, visitors in Dubai

RTA is also testing air fresheners in 500 airport taxis and using AI to detect smoking with in-car cameras

DP World to provide logistics support for SailGP across five continents under new partnership

Logistics giant will also help SailGP reach its sustainability ambitions by prioritizing carbon-neutral logistics and emphasizing low-carbon transport

World Bank partners with ADGM Academy to boost financial literacy, economic knowledge

The collaboration will create an environment that equips individuals, businesses, and governments with the skills to thrive in the evolving financial landscape

Etihad Airways passenger traffic surges 34 percent to 15 million by October 2024

The airline's rolling 12-month passenger total stands at 17.8 million, a 73 percent increase on the figure for the whole of 2022

Sharjah Events Festival: Four days of interactive activities, performances and shows

Popular festival offers an exciting experience blending fun activities with knowledge over four days

Abu Dhabi’s TAQA, JERA and Al Bawani to develop two new highly efficient power plants in Saudi Arabia

These agreements will enable two new CCGT projects in Saudi Arabia with over 3.6 gigawatts capacity 

G20: Crown Prince of Abu Dhabi engages in talks with Presidents of France, Egypt, and South Africa

Yesterday, Sheikh Khaled also engaged in official discussions with Brazilian President Luiz Inácio Lula da Silva

Over 51,000 companies join Dubai Chamber of Commerce in 9M 2024, up 4 percent annually

Chamber reviewed 154 laws and draft laws in cooperation with business groups, resulting in an adoption rate of 46 percent

ADX executes $40.56 million deal in IHC shares

This transaction consisted of 360,000 IHC shares, each priced at AED414

Ras Al Khaimah Ruler visits China’s Guangdong Province to boost ties in key sectors

The Ras Al Khaimah delegation will sign an agreement that focuses on promoting exchange and cooperation in several areas