United Arab Emirates

Abu Dhabi sees 16 percent growth in new economic licenses during 2024

Growth is boosted by emirate's business-friendly ecosystem and high standards of transparency, governance

UAE President, Bahrain King reaffirm commitment to cooperation and development

Non-oil trade between the UAE and Bahrain hit $4.16 billion, a 26 percent surge

WGS 2025: Day Zero kicks off in Dubai with key forums

Forums include the Arab Fiscal Forum, the Arab Meeting for Young Leaders and the Young Arab Leaders Forum

UAE Ministry of Finance unveils cabinet decision to introduce top-up tax for multinational enterprises

The UAE DMTT is closely aligned with the GloBE Model Rules issued by the Organisation for Economic Co-operation and Development (OECD)

UAE gold prices up AED2.75 as global rates near records amid Trump tariffs threats

Trump announced 25 percent tariffs on all steel and aluminum imports, escalating trade policy amidst existing metal duties

WGS 2025: Dubai to host first edition of Young Arab Leaders Forum

Forum will bring together over 200 emerging leaders from across the Arab world on February 10

Sheikh Mohammed reviews progress of $381.2 million Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project for Citizens

The development features green spaces, the Rashid mosque, endowment markets, parks, and family-friendly villas

Louvre Abu Dhabi welcomes record 1.4 million visitors in 2024

Reflecting its global appeal, international visitors made up 84 percent of total attendance

DP World’s Jebel Ali Port welcomes historic first call of new Gemini service

The vessel enhances trade links between the Indian Subcontinent, Middle East, and Northern and Southern Europe

DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services

The initiative aims to boost Emirati knowledge, skills, and leadership in financial services

UAE aviation sector sees 10 percent growth in passenger traffic to 147.8 million in 2024

In 2024, the country welcomed 41.6 million inbound passengers, while 41.7 million departed

Strategic agreements signed to support railway project between UAE, Oman

In October 2024, Hafeet Rail secured $1.5 billion financing for the Sohar-UAE railway project

Dubai Chambers, U.S Chamber of Commerce partner to enhance trade, investment ties

Partnership will strengthen trade relations and enhance the ties between the business communities of Dubai and the United States

UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris

The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies

ADX among top five exchanges globally in IPO proceeds, raising $3.35 billion in 2024

The exchange maintained its position as the second-largest bourse in the region and reinforced its ranking among the world's top 20 stock exchanges

Dubai Fountain to close for five months for major upgrade, enhancements

The renovation will commence in May and is expected to take five months to complete

Sheikh Hamdan approves key social welfare, digital transformation initiatives for Dubai

Strata Registration initiative approved to enhance homeownership opportunities for UAE citizens

UAE gold prices rise AED1.25, global rates set for sixth consecutive weekly gain

Gold hit an all-time high of $2,882.16 on Wednesday and has gained more than 2 percent this week

Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024

Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth

Dubai’s TECOM Group posts record revenue of $653.4 million in 2024

The Group saw 14 percent YoY increase in net profit, reaching $326.7 million 

DP World sets new record for container handling in 2024, up by 8.3 percent

The global logistics business now has the capacity to handle more than 100 million TEU across operations in 78 countries

UAE sees 40 percent surge in AI specialists since 2022, says BCG Global

The UAE is now one of the most attractive countries for AI specialists and is effectively retaining top talent

ADNOC Gas net income grows 13 percent to record $5 billion in 2024

Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume