United Arab Emirates

UAE gold prices down, global rates set for monthly gain as focus shifts to U.S. economic data

Gold prices gained almost 3 percent in the last 30 days, marking their second consecutive monthly gain

Dubai’s wealth management sector sees 62 percent surge in authorized entities in H1 2024: DFSA

The DFSA facilitated the expansion of capital markets in the DIFC, which remains the world’s largest ESG sukuk market

e& enterprise completes $60 million acquisition of Türkiye’s GlassHouse

As the new subsidiary of e& enterprise, the company will retain its brand identity and continue to operate independently

UAE telemarketing rules: Key guidelines companies must follow

Violations and penalties range in value from AED10,000 to AED150,000 depending on the type and nature of the violation

UAE’s AD Ports climbs to 19th place in 2024 global rankings: Report

The port operator expanded to 33 terminals across 8 countries in 2024

Dubai’s Empower awards design contract for second Jumeirah Village district cooling plant

Company plans to establish six next-generation plants to serve the growing community with a total cooling capacity of 256,000 tons

Delivery Hero plans Talabat IPO on Dubai Financial Market in Q4 2024

Delivery Hero will continue to retain majority interest in the business after the listing

Abu Dhabi’s Tabreed achieves carbon verification, reducing emissions by 19,320 tons annually

This follows Tabreed's 2023 initiatives, including the first geothermal-powered district cooling plant with ADNOC

UAE’s MoEI partners with RAK Petroleum Authority to drive sustainable energy transition

The agreement emphasizes data exchange, natural hydrogen research, and carbon capture

Dubai AI Campus, Google Cloud partner to support region’s startup ecosystem

Half of all funded generative AI startups are Google Cloud customers, including 70 percent of generative AI unicorns

NMDC Energy gets IPO approval, to list 1.15 billion shares

Subscription period to open on Friday, August 30, 2024, for individual investors in the UAE

UAE: Petrol, diesel prices for September to be announced later this week

Petrol prices had increased in August after dropping in June and July

Sunset Hospitality Group acquires majority stake in Maximal Concepts

Transaction includes popular brand Mott 32, adds 19 restaurants in 13 countries to SHG portfolio

Celebrating Emirati Women’s Day: Visa’s ‘She’s Next’ returns to UAE with third edition

The third edition supports women entrepreneurs in publishing, fashion, food, and more over several months

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

Traders priced in a 65.5 percent chance of a 25-basis-point cut and a 34.5 percent chance of a bigger 50-basis-point reduction

UAE visa amnesty: All you need to know

The amnesty covers all types of visas, such as expired residence and tourist visas

UAE labor law: Do you get extra salary for overtime or working on weekends?

According to the MoHRE, the maximum normal working hours for workers are eight hours per day or 48 hours a week

GCC listed banks post record $14.8 billion net profit in Q2 2024

Year-over-year, the growth was robust at 9.2 percent compared to Q2 2023

Dubai Centre for Family Businesses introduces new guide on governance, strategic services

This guide provides an overview of Family Office governance structures, their expertise, services, and key benefits

Dubai Aerospace Enterprise acquires 23 aircraft for $1.1 billion

The portfolio has an average age of 3.4 years, a lease term of 8.8 years, and serves 13 airlines in 9 countries

Emirates Group highlights 38 percent contribution of Emirati women to workforce growth

The Group supported 70+ Emirati women through leadership programs

UAE: $9.52 billion surge in AUM by portfolio management companies, investment funds

The SCA reported an 83 percent increase in authorized companies this year, rising from 18 to 33 since January

$2.3 trillion crypto market reaches new heights, 95 percent more millionaires: Report

The count of Bitcoin millionaires has surged by 111 percent to reach 85,400