United Arab Emirates

Six new highlights to look forward to at Expand North Star 2024

The event will be held at Dubai Harbour from October 13 to 16

IHG, Aldar to turn six Yas Island hotels into luxury resort

Straylight Yas, Vignette Collection will open in Q4 2025 on Yas Island

48,735 pensioners and beneficiaries to receive $220 million in September: Date of disbursement revealed by UAE’s GPSSA

This amount reflects a notable increase of AED91,728,008 ($25 million) compared to the same month in 2023

UAE to enter U.S. Global Entry Program by October 2024, easing travel for Emiratis

UAE and U.S. government authorities will begin to develop and finalize criteria that will lead to the UAE’s full participation in the program

COP28 President calls for ambitious NDCs to keep 1.5°C goal within reach, drive socioeconomic growth

Dr. Al Jaber said the UAE Consensus provides a vital roadmap for action at the ‘Roadmap to Mission 1.5: NDC 3.0’ event

Global digital creative economy to reach $7.35 trillion by 2030: Study

Survey and engagements with more than 400 experts shows growing appetite for the adoption of AI solutions

RTA introduces smart winter seasonal schedules to enhance maritime transport for tourists and residents in Dubai

This initiative encompasses all maritime transport services and routes, including Dubai Ferry, Abra, and Dubai Water Taxi

UAE gold prices steady, global rates set for weekly gain on second rate cut bets

Market focus now shifts to the U.S. core personal consumption expenditures price index data due later today

UAE President Sheikh Mohamed meets former U.S. President Donald Trump during official visit

Sheikh Mohamed noted that relations between the UAE and the U.S. have flourished for over 50 years thanks to their partnership and common vision

Abu Dhabi awards oil and gas exploration concession to Malaysia’s Petronas

The company was awarded exploration concession for Onshore Block 2 in Abu Dhabi

Abu Dhabi-based ADQ’s $2 billion bond issuance to list on London Stock Exchange

Dual-tranche offering includes a $1 billion seven-year bond due in 2031 and a $1 billion 30-year bond due in 2054

Gross written premiums rise 31.2 percent YoY in H1 2024 to $9.7 billion, reports UAE Central Bank

This increase was primarily driven by significant rises in property and liability insurance premiums

Sheikh Mohammed bin Rashid issues Decree on the Board of Dubai Multi Commodities Centre Authority

According to the Decree, Abdul Wahed Abdul Rahim Al Olama will take on the role of Vice Chairman of the Board

Dubai Maritime City boosts ship handling capacity to 1,000 vessels, solidifying hub status

DMC's upgraded lifts for 6,000 and 3,000 tons double capacity to 1,000 vessels annually

UAE, New Zealand sign CEPA agreement to reduce tariffs, enhance trade and investment flows

Bilateral non-oil trade between the two countries reached $460.3 million in H1 2024, an 11.5 percent annual increase

‘Invest in the Emirates’ campaign goes global, seeks to generate over 200 million impressions

Campaign’s reach also extended to major airports in Zurich, Geneva, Munich, New York and Heathrow

EtihadWE, Khalifa University join forces to enhance desalination and resource efficiency in the UAE

The agreement seeks to explore and evaluate advanced membrane technologies and improve water quality

Uber, China’s WeRide partner to bring robotaxi services to UAE

Companies to launch the robotaxi service first in Abu Dhabi later this year

Digital Dubai announces Dubai Data and AI Platform to accelerate digital transformation

Platform facilitates decentralized data exchange and marks the next generation of the Dubai Pulse platform

UAE airports soar with 14.2 percent rise to 71.7 million passengers in H1 2024

This is compared to 62.8 million during the same timeframe last year

UAE Central Bank raises country’s GDP growth forecast for 2024 to 4 percent, 6 percent for 2025

Growth in 2025 will be fueled by strong non-hydrocarbon momentum and a rise in hydrocarbon production 

Off-plan villa on Dubai’s Jumeira Bay Island sells for $34 million

This transaction is the buyer’s first investment in the UAE

Sheikh Mohammed bin Rashid issues Decree on the Board of Dubai Health

This board will be chaired by Sheikh Ahmed bin Saeed Al Maktoum

UAE gold prices up, global rates hover near all-time high ahead of Fed chair Powell’s comments

Market awaits Federal chair Jerome Powell's remarks due later in the day, along with U.S. inflation data due on Friday