United Arab Emirates

ADIO, HSBC partner to drive bilateral trade, investment flows between Abu Dhabi and Asia

HSBC’s 160-year heritage in Asia gives the bank the expertise and reach to help achieve Abu Dhabi’s international goals

UAE, South Korea enhance collaboration in public oversight and integrity

In May 2024, the UAE and South Korea announced a CEPA to promote free trade and bilateral investment in key sectors 

Amaal 8: Luxury 48-story residential development launched in Dubai’s Meydan Horizon

Tower features luxurious Infinity Collection residences on the upper floors, each boasting superior quality finishes

Dubai International Chamber holds 180 business meetings in Belgrade to promote Dubai-Serbia ties

Non-oil trade between Dubai and Serbia reached $63.68 million in 2023

Abu Dhabi tops Global SWF charts with $1.7 trillion in assets under sovereign wealth fund management

The top six cities manage two-thirds of sovereign wealth fund capital globally, which amounted to $12.5 trillion in October

Dubai’s Financial Audit Authority to reveal 3 new digital services at GITEX 2024

One key service is the Al Mo’ashir Dashboard, a platform that provides insights from the Authority’s auditing data 

How smart companies can leverage regulation to stay ahead of the curve

Businesses that can master one regulatory environment can often leverage their compliance standards to enter other markets easily

Cointelegraph establishes Middle East office among 600+ Web3 firms at DMCC Crypto Centre

This collaboration is expected to provide Cointelegraph with valuable opportunities to engage with the broader Web3 ecosystem

ADNOC L&S approves $136.5 million cash dividend for H1 2024

Company aims to distribute a total dividend amount of $273 million for the full year, up 5 percent from 2023

UAE advances Egypt’s Ras El Hekma project, drives investments from key Emirati players

The development is set to attract $110 billion in investments during its development phase

Emirates Development Bank’s financing hits $3.51 billion in Q3 2024

Bank allocated $1.20 billion for the development and growth of Dubai’s key sectors

UAE gold prices flat, global rates dip as traders eye Fed’s latest meeting minutes, economic data

Investor focus now shifts to the Fed's latest policy meeting minutes due on Wednesday and inflation data due on Friday

UAE-Jordan CEPA to expand bilateral investment flows currently at over $22.5 billion

In 2023, non-oil trade between the two countries exceeded $4.1 billion, a 46.1 percent increase compared to pre-pandemic levels

Abu Dhabi Crown Prince Sheikh Khaled visits Norway, meets CEOs of leading local companies

UAE-Norway Investment Forum, taking place in Oslo, aims to strengthen trade and investment relations between the two countries

dnata, beOnd partner to support growth of premium air travel from the UAE

beOnd currently operates two routes connecting Al Maktoum - Dubai World Central with Male (MLE) and Zurich (ZRH)

UAE’s ‘Plant the Emirates’ program to advance agriculture development, food security

Program seeks to advance agricultural technologies, build new partnerships with the private sector and expand green spaces

UAE sets up Supreme Space Council, Sheikh Hamdan to be chairman

The UAE Space Agency will be the general secretariat for the council, responsible for providing technical and administrative support

Dubai’s RTA records 16.8 percent surge in digital revenue to $1.01 billion in 2023

Transactions via RTA's smart apps rose 29 percent to 15.299 million last year

UAE, global gold prices ease as bets firm for smaller U.S. rate cut in November

Traders are currently pricing a 95.7 percent chance of a 25-basis-point rate cut in November

ADNH Catering sets IPO price range, starts subscription period

The final offer price will be announced on October 16, while listing on ADX is likely to take place on October 23

UAE: Golden Visa for exceptional teachers, announces Sheikh Hamdan

Announcement recognizes the pivotal role of educators in shaping Dubai’s future

TAQA successfully prices $1.75 billion dual-tranche bonds

Part of the offering is a $850 million 12-year green bond, TAQA’s second under its green finance framework

DoH – Abu Dhabi, Ma’an raise over $4 million for Abu Dhabi health Research and Innovation Grant

This initiative supports DoH’s mission to transform the regional healthcare landscape through science and technology 

Sharjah’s Air Arabia reintroduces flights between Ras Al Khaimah and Jeddah

Starting December 15, 2024, the flights will operate three times a week on Tuesdays, Thursdays, and Sundays