United Arab Emirates

US Federal Reserve, UAE Central Bank keep interest rates unchanged

Interest rate cuts by the Fed, expected earlier this year, have been delayed due to stubbornly high inflation

UAE banks thriving, Al Maktoum airport expansion to reshape real estate landscape: S&P

Real estate transactions, demand and prices in Dubai witnessed a surge in recent years

UAE gold prices decline, global rates marginally rise ahead of Fed’s policy decision

Gold prices have declined more than $140 after reaching a record high of $2,431.29 on April 12

UAE banks’ gross assets reach record high, exceed $1.14 trillion in February 2024: CBUAE

UAE banks' monetary base expanded 2.7 percent monthly to AED688.7 billion in February

ADIB card holders can now use Visa’s installment solution at NEOPAY locations

The payment solution is now available at multiple locations across the UAE

DFM sees 171 percent increase in Q1 net profits to $26.03 million

DFM’s trading value reached over AED25 billion during Q1 of 2024

UAE gold prices dip as global rates decline ahead of U.S. Fed meeting

Gold lost 2.2 percent last week amidst easing tensions in the Middle East

UAE: Petrol, diesel prices for May 2024 announced

Petrol prices in the UAE have been rising from February onwards

Sheikh Hamdan launches Dubai blueprint for AI

As part of the first phase, a chief AI officer will be appointed in every government entity in Dubai

WEF Special Meeting: Tourism plays key role in boosting growth, says economy minister Al Marri

Tourism sector is expected to contribute $15.5 trillion to the global GDP by 2030

WEF Special Meeting: UAE has doubled renewables capacity, says minister Al Mazrouei

UAE has allocated AED200 billion to clean energy projects locally until 2030

UAE, Ukraine finalize CEPA terms to increase non-oil foreign trade

Non-oil trade between the UAE and Ukraine amounted to $385.8 million in 2023

UAE gold prices decline, global rates dip as hope for early rate cuts diminishes

Gold could capitalize on potential downturns in U.S. macroeconomic data in the coming quarters

Dubai’s Al Maktoum airport to get new $35 billion passenger terminal

All operations at Dubai International will be transferred to Al Maktoum airport in the coming years

Dubai weather: Interest-free loans with grace period of up to 1 year announced

Eligible companies to obtain interest-free loans of a maximum of AED300,000

UAE to add 6.34 GW power capacity from 12 green projects by 2030: Energy Industries Council

These projects showcase UAE's commitment to energy sustainability, reducing fossil fuel reliance

Abu Dhabi Airports achieves 35.6 percent surge, facilitating travel for over 6.9 million passengers in Q1 2024

Zayed International Airport alone welcomed over 6.8 million passengers during the first quarter of 2024

Abu Dhabi signs MoU with Chile to boost trade, investment

The MoU aims to collaborate in sectors like renewable energy, mining, infrastructure, technology, and more

DRIFTx: Abu Dhabi, U.S. Joby partner to build electric air taxi ecosystem

The MoU signed seeks to establish Joby's air taxi services in Abu Dhabi and beyond

UAE gold prices rise as global rates increase ahead of key U.S. inflation data

Despite the increase, gold prices were down around 2.3 percent, their biggest weekly drop since early December

UAE and Austria discuss strategic partnership developments, boosting cooperation

The UAE-Austria non-oil trade volume grew 18 percent YoY, hitting $1 billion in the first nine months of 2023

Abu Dhabi’s DRIFTx: ADIO, Regent join forces to develop electric seagliders for coastal transport innovation

Seagliders will serve up to 180 miles with current batteries and up to 500 miles with next-gen batteries

Sheikh Hamdan launches pilot modules for landmark Dubai Reef sustainability project

Sheikh Hamdan hails Dubai Reef initiative as a testament to Sheikh Mohammed Bin Rashid Al Maktoum's visionary leadership