United Arab Emirates

Dubai Metro anniversary: 15 facts you should know

Dubai Metro remains the world's longest driverless metro project

Dubai Metro marks 15 years of success: Over 2.4 billion passengers and 4.3 million trips with 99.7 percent punctuality

Currently, the metro serves around 730,000 passengers daily, making it the preferred transportation choice for many

UAE gold prices steady, global rates rise as traders await U.S. inflation data

China's central bank held back on buying gold for a fourth month in a row in August, according to official data

Bank of Sharjah prices $500 million bond, attracts orders worth $1.4 billion

The bonds have a tenor of five years from the date of issuance, with a coupon of 5.25 percent per annum

Etihad Airways to launch four weekly flights to Warsaw and Prague

The airline will operate these routes using the modern Boeing 787 Dreamliner

dnata boosts carbon footprint reduction efforts with fleet-wide transition to biodiesel in UAE

This step is expected to cut CO₂ equivalent emissions by over 3,500 tons annually

NMDC Energy IPO oversubscribed 31.3 times, generating $24 billion in demand

At the close of the subscription period, the retail tranche was oversubscribed 600 times

Dubai Chambers supports expansion of Chinese investors into Dubai with new agreement

Agreement enhances the ability of companies operating in Dubai to enter the Chinese market and build promising business partnerships in Tianjin

UAE gold prices rise, global rates set for weekly gains ahead of U.S. jobs data

The possibility of a 50-basis-point rate cut by the Federal Reserve this month has risen from 34 percent last week to 41 percent

Rising bank credit demand in the UAE amid positive economic outlook, says Central Bank

In Q2, demand for trade credit remained strong, with a greater appetite for lending 

UAE celebrates historic milestone: Unit 4 of Barakah Nuclear Energy Plant begins operation

The plant now provides up to 25 percent of the UAE’s electricity, enough to power 16 million EVs annually

UAE’s ADNOC launches inaugural $4 billion notes offering under GMTN Program

The net proceeds from this issuance will be utilized by ADNOC Group for general corporate purposes.

GCC banks well positioned to continue strong run in 2024: Report

The report stated that high interest rates kept profit margins at 2.7 percent, with strong bank profitability in H1

Abu Dhabi set to host AIM Congress 2025 in April

The event will address economic challenges through collaborative investment strategies

UAE, Jordan sign $2.3 billion investment agreement to boost railway sector

Investment memorandum follows a $2 billion agreement that the UAE and Jordan signed in 2023

Sharjah’s SEWA inks water project deal with Saudi Arabia’s ACWA Power

Project to meet the demand for potable water for 1.4 million people

Dubai to welcome 22 floors of sustainable luxury living with $54.4 million upcoming residential development

Loutraki International is investing in Dubai’s real estate market through the Santorini Residences project

UAE gold prices rise, global rates down as investors await U.S. jobs data

Traders are on the lookout for the ADP employment report and jobless claims data due later in the day

Softlogic partners with Daikin to advance UAE’s commercial air conditioning industry

The partnership is formed amidst a booming UAE air conditioning market worth over $650 million, driven by real estate growth

Aldar launches canal-front Yas Riva villa community on Abu Dhabi’s Yas Island

As many as 151 canal-front and canal-accessible villas will be available to buyers from September 13, 2024

UAE visa amnesty: Want a job in the country? Here’s what to do

MOHRE has steps to follow depending on whether the individual has a work permit or not, and whether he/she wants to change their employer

Dubai’s Emirates airline touches down in Madagascar for the first time

Madagascar is home to some of the world’s rarest plant and animal species