United Arab Emirates

UAE gold prices ease, global rates dip as traders await U.S. economic data

Gold prices may rally if reports signal a weaker economy and the Fed considers a larger rate cut

Sheikh Khaled attends inauguration of IIT-Delhi Abu Dhabi

The agreement to establish the institute’s Abu Dhabi campus was signed in July 2023

UAE’s BRICS membership fosters new growth opportunities, global development

BRICS now represents around 45 percent of the world's population and 25 percent of global exports

DP World completes acquisition of Hong Kong-based Cargo Services Far East

DP World now has more than 115,000 employees in 800 locations globally

UAE to host major global events in September: All you need to know

The DIFC will host the inaugural Dubai AI & Web3 Festival on September 11-12 at Madinat Jumeirah

Shareholders at Abu Dhabi’s Borouge approve $650 million interim dividend

Borouge also reaffirmed its intention to pay a total of $1.3 billion dividend this year

UAE oil imports to Japan reach 31.07 million barrels in July 2024, 49.1 percent of total

Arab oil made up 97.8 percent of Japan's imports, totaling 61.92 million barrels

Abu Dhabi, Dubai launch unified parking permit system for people of determination

Initiative falls in line with ongoing efforts to support the nation's drive toward sustainability and digital transformation

Dubai RTA opens two new major bridges on Al Khail Road, travel time to be cut by 30 percent

These newly completed bridges stretch 1,350 meters and can accommodate approximately 8,000 vehicles per hour

UAE gold prices flat, global rates down on smaller Fed rate cut bets

The U.S. personal consumption expenditures (PCE) price index rose 0.2 percent in July, in line with expectations

UAE: Petrol, diesel prices for September 2024 announced

The rates will be applicable from September 1 onwards

NMDC Energy IPO oversubscribed within hours on first day

Offer shares are available to eligible investors at AED2.8 per share

Netherlands adopts Dubai model, launches smart police station in Utrecht

SPS Utrecht launch comes following the establishment of the first smart police station in the Republic of Serbia in 2023

DP World’s Jebel Ali sets new record with 1.4 million TEUs in July 2024

In H1 2024, the port handled 7.3 million TEUs, a 3.9 percent YoY increase

DAMAC Properties expands into Ras Al Khaimah with ‘Shoreline’ luxury project

The 17-storey beachside residence features 1-, 2-, and 3-bedroom units and duplexes

UAE’s ADX sees $507.2 million in ETF trading value during eight months of 2024

Since the start of 2024, ETF trading volume has reached 450.7 million units

Emirates doubles partnership connectivity, expands to 1,700 cities beyond its network

Airline delivers additional travel choices alongside 31 codeshare, 118 interline, and 13 rail and helicopter services partners

Listed firms in GCC report $60.7 billion in net profits, 8.1 percent QoQ growth

Dubai's YoY profit growth reached 30.9 percent in Q2 2024, totaling $6.7 billion

ADFW 2024 set to begin on December 9, to host 50 events

Last year’s edition of ADFW hosted over 3,300 directors and executives from leading global financial firms

Dubai’s Dragon Oil opens new regional office in Turkmenistan, eyes additional offshore concessions

Dragon Oil seeks to raise its total production in the countries where it operates to 250,000 barrels per day by the end of 2025

Global video game market expected to reach $257 billion by 2028: Key trends and insights

Over 25 percent of revenue invested in marketing by companies under $1 billion

Dubai, Abu Dhabi ranked best destinations for executive digital nomads: Report

The two cities attract hybrid finance and consultancy executives with excellent connectivity and high living standards

UAE Islamic T-sukuk auction draws $1.72 billion in bids, oversubscribing by 5.7 times

This $299.49 million auction is part of the Islamic T-Sukuk issuance program for August 2024