United Arab Emirates

Sharjah Airport reports 8.3 million passengers in H1 2024, achieving 12.4 percent growth

The airport saw a 12.2 percent growth in aviation movements, totaling 52,702 flight operations

Gold price hits record high of $2,482.29, UAE rates surge

Markets are pricing in a rate cut of at least 25 basis points by the Fed at the September meeting

ADFD launches new corporate identity on 53rd anniversary

New identity reflects fund's ambitious strategic direction to support sustainable development

flydubai to hire 130 new pilots this year: Here are the salaries

Airline continues to attract young Emirati talents, emphasizing its commitment to employing local youth and enhancing Emiratization effort

Islamic banks account for 21 percent of gross domestic credit: UAE Central Bank

Investments by Islamic and commercial banks grew by 9.8 percent and 3.7 percent, respectively

UAE Central Bank’s gold holdings reach $5.54 billion by April end, up 12 percent year-on-year

Reserves increased on a monthly basis by 3.5 percent from AED19.615 billion in March 2024

KEZAD invests $81.67 million in expanding natural gas network in Abu Dhabi

The new network has been developed by KEZAD Group's subsidiary, KEZAD Utilities & Facilities Management Company, in three phases

ADNOC, Mubadala collaborate to cultivate Emirati talent for UAE’s sustainable future

The move aims to develop Emirati talent for crucial sectors through advanced training

DIFC Courts records strong uptake of services in H1 2024, handles 480 cases worth $285.86 million

The Small Claims Tribunal (SCT) also saw strong operational capacity, with 265 claims filed, totaling AED27.2 million

UAE banking sector transfers surpass $1.66 trillion in first four months of 2024

The value of transfers executed through the system increased by over 20 percent year-on-year

UAE gold prices rise, global rates inch up on U.S. interest rate cut optimism

Fed Chair Powell expressed confidence that inflation is returning to the central bank's target of 2 percent

Dubai launches summer destinations guide with beaches, waterparks and indoor activities

Guide highlights the city's diverse range of experiences that cater to the tastes and interests of people of all ages and nationalities

DP World, Aldar to develop 144,000 sqm logistics park in Dubai

Construction of the new logistics park will begin in Q4 2024, with the first tenants set to be welcomed in Q4 2025

UAE outlines sustainability roadmap beyond 2030 in latest report

Report discusses climate resilience, technology inclusion, economic inequality and health crises

Dubai’s RTA launches trials of world’s first 3D printed abra, reducing manufacturing time by 90 percent

The 3D-printed abra can carry 20 passengers and was designed to retain the traditional abra identity

ADNOC Gas awards $550 million contracts to expand UAE gas infrastructure, increase customer reach

The contracts were awarded to NMDC Energy P.J.S.C and Galfar Engineering & Contracting W.L.L Emirates

UAE gold prices steady, global rates rise as investors seek rate cut cues from Fed’s Powell

Markets are currently pricing in a 93 percent chance of an interest rate cut in September, according to the CME Fedwatch Tool

Emarat, Emirates airline sign first aviation fuel supply agreement for Al Maktoum Airport

The deal is part of a longstanding three-decade partnership between Emirates and Emarat

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

CBUAE’s foreign assets surge 2.55 percent to $204.27 billion in April 2024

The Central Bank has added more than AED176 billion to its foreign assets within a year

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

UAE gold prices surge, global rates set for third weekly gain amid rate cut bets

Gold prices surged above the $2,400 level after data showed unexpected decline in U.S. inflation

ADNOC deploys AIQ’s RoboWell AI solution to autonomously operate wells

RoboWell delivers up to 30 percent optimization in gas lift consumption and up to a 5 percent increase in operating efficiency