United Arab Emirates

PureHealth revenues surge 53 percent to $3.4 billion in H1 2024

PureHealth's hospital revenues rose 83 percent annually to AED9.6 billion due to major acquisitions

Abu Dhabi’s Borouge reports $308 million Q2 net profit, 33 percent YoY increase

Higher sales and cost efficiencies drove the company's highest-ever production volumes

Emirates to operate second daily A380 service to Bali starting September 1

Emirates currently offers two daily flights to both Jakarta and Bali

UAE-Chile CEPA set to take effect in six months, promises $73 million national economic boost by 2031: Al Zeyoudi

The agreement aims to liberate trade between both countries, empower women in commerce

DIFC sees rapid expansion, adds 820 companies in H1 2024, AUM reaches $700 billion

Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre

Dubai’s RTA launches AI-powered inspection vehicle to enhance rail infrastructure safety

This innovative vehicle can detect violations, restricted activities, and damage within rail the right-of-way areas

Abu Dhabi airports welcome 13.9 million passengers in first half of 2024

Zayed International Airport alone facilitated 13,726,550 passengers, a 33.8 percent increase compared to the same period in 2023

UAE gold prices surge, global rates rise ahead of Fed policy decision

If the Fed signals the possibility of multiple rate cuts this year, gold prices will likely rally

UAE jobseeker visa: How much does it cost?

The jobseeker visa has a validity of 60, 90 or 120 days

Dubai Chambers, ProChile forge agreement to enhance trade, investment

Non-oil trade between Dubai and Chile reached approximately AED5.3 billion over the past five years

Dubai’s real estate market poised for expansion, with over 30,0000 units to be delivered in H2 2024: Report

Despite the surge in new units, the market remains imbalanced, with demand outpacing supply, data showed

Abu Dhabi’s Alef Education posts $67.79 million in adjusted profit before tax in H1 2024

This translates to an adjusted profit before tax margin of 70 percent, up by 4 percentage points from H1 2023

UAE’s new AI Charter prioritizing safety, privacy, and societal trust in AI advancements

The launch reflects the UAE's vision to establish itself as a global AI hub

ADNOC’s offshore SARB field begins AI-enabled operations, raises capacity by 25 percent

Expansion supports ADNOC’s target to increase its production capacity to 5 million barrels of oil per day by 2027

DEWA completes region’s first pilot virtual power plant project, revolutionizes energy management and sustainability

Through the virtual power plant project, DEWA has integrated over 8 DERs with a total flexibility of around 3.3 MW

Dubai Financial Market announces 74 percent rise in pre-tax net profit to $53.19 million in H1 2024

The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor

UAE, Chile CEPA to boost non-oil bilateral trade to $750 million by 2030

Deal will also likely boost the value of UAE exports by $247 million by 2030, according to official UAE estimates

UAE gold prices down, global rates up ahead of Fed policy meeting

The Bank of England and the Bank of Japan's policy meetings are also due this week

UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers

The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships

Dubai’s digital economy chamber supports 215 digital startups worth $7 billion in H1 2024

During H1, the chamber trained 243 Emiratis as part of the 'Create Apps in Dubai' initiative

EWEC seeks bids to develop Madinat Zayed IPP project in Abu Dhabi

Expected to begin operations in Q3 2027, the Madinat Zayed project will provide up to 1.5 gigawatts of backup generation

G20: UAE to double digital economy’s GDP contribution to 19.4 percent with $20 billion investment

This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy

UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms

In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019

UAE to issue three new policies to boost cybersecurity by end of 2024

Policies to include cloud computing and data security, Internet of Things security and cybersecurity operations centers