United Arab Emirates

Abu Dhabi’s Etihad Cargo’s strategic expansion drives 17 percent tonnage growth in H1 2024

The company has experienced remarkable growth, especially in the East, with a 19 percent increase in tonnage

Abu Dhabi Bayanat’s smart solutions power strong H1 2024 with $74.32 million revenue

The company's gross profit for H1 2024 reached $22.86 million, translating to a gross margin of 31 percent

SIF 2024 in September to highlight youth and women’s participation in the smart economy

The event seeks to leverage AI to enhance public services, health, and education

Etihad Rail launches sustainable finance framework for green investments in transportation, infrastructure

Framework developed in collaboration with industry experts, First Abu Dhabi Bank and Standard Chartered Bank, who served as co-ESG advisors

Indian businesses top Dubai Chamber of Commerce’s list of newcomers in H1 2024

The trade and repairing services sector ranked first, accounting for 41.5 percent of all new companies joining the chamber

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

Abu Dhabi’s TAQA reports 12.3 percent rise in net income to $1.2 billion in H1 2024

TAQA's revenues rose 2 percent annually to AED27.2 billion mainly due to the contribution from SWS Holding

UAE gold prices dip, global rates down as markets await U.S. inflation data release

Data on Tuesday revealed that U.S. producer prices increased less than expected in July, signaling a cooling in inflation

UAE Corporate Tax: FTA issues public clarification on first period

The Corporate Tax Law applies to tax periods commencing on or after June 1, 2023

DMCC, Bybit extend partnership to boost Dubai’s position as global crypto hub

Bybit supported and advised over 20 startups, helping them establish a foothold in Dubai's dynamic crypto landscape in 2023

DEWA commissions 558 electricity distribution substations of 11 kV across Dubai in H1 2024

There are currently 72 33 kV substations in service and 44,472 medium voltage substations across Dubai

UAE’s ADNOC Drilling to join MSCI flagship indexes, boosting global visibility and investor appeal

The company will become the 12th member of the MSCI UAE index after meeting the necessary criteria

UAE amends domestic workers’ law: Enhanced employment rights, dispute resolution procedures

Domestic work disputes to be transferred from the UAE's Court of Appeal to the Court of First Instance

Egypt, UAE sign $3 billion agreement to establish Mediterranean logistics trading zone

Agreement includes the possibility of supplying petroleum products to the local market

UAE nationals receive $691.53 million in home construction tax refunds from FTA

This covers the period since the service was launched and until the end of the first half of 2024

Air Arabia reports $188.67 million net profit in H1 2024, continues network expansion and sustainability efforts

The airline achieved a turnover of $449.22 million, a 19 percent increase year-over-year

UAE’s diversified economy maintains robust growth in real estate, tourism, and manufacturing: OPEC

OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May

Emirates to launch retrofitted Boeing 777s to Zurich, Riyadh starting October 1

So far, 25 aircraft have been retrofitted, with 17 more to undergo the upgrade by December 2024

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Dubai’s Parkin reports $114.62 million in H1 2024 revenue, expands to 200,400 spaces

The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million

UAE gold prices rise, global rates dip after hitting over one-week high

Gold prices will likely see additional support if a softer U.S. inflation report is released, raising hopes for a larger rate cut

Dubai International: Why does the airport have two codes, DXB and OMDB?

Why does Dubai International not use the code DUB instead?

DMCC accounts for 15 percent of total FDI in Dubai, 7 percent of GDP in H1 2024

Free zone posted a notable expansion in the technology sector, registering 226 new companies, including 14 gaming and nine AI companies