United Arab Emirates

UAE hotels generate $9.12 billion in revenues in 9M 2024

The average hotel occupancy rate across the UAE's seven emirates rose to 77.8 percent, one of the highest globally

Arab Health contributed $269.7 million to Dubai’s economy during 2024 edition

Tourism and hospitality benefited from the major healthcare event, with 2024 accommodation spending over $56.2 million

Emirates wins four ‘world’s leading airline’ awards at 2024 World Travel Awards

The airline also won the Best Airline App Worldwide and Best Airline App in the Middle East titles at the World Travel Tech Awards 2024

Dubai: New road connections to enhance accessibility and traffic flow in 19 key residential areas

This initiative includes traffic enhancements, roadside parking, improved sidewalks, and upgraded street lighting

UAE launches $81.7 million fund to support entrepreneurs

The Cabinet also announced $1.9 million reward for government employees

ADFW 2024: Fintech Abu Dhabi reaffirms city’s position as financial innovation hub

Experts examined the emergence of new unicorns in fintech despite challenges in the venture capital market

Global gold prices dip from over one-month high, UAE rates rise on rate cut bets

Traders currently expect a 98.6 percent chance that the Fed will cut rates by 25 basis points

ADFW 2024: ADGM FSRA spotlights key regulatory enhancements at Fintech Abu Dhabi

Developments include a comprehensive framework for the issuance of FRTs within ADGM

Etihad Airways, Air Seychelles partner to boost global flight network

The airlines will collaborate on six flights per week between Abu Dhabi and Mahe starting May 2025

Abu Dhabi Finance Week (ADFW) 2024: ADIO, Mastercard to establish Digital Partnership Program

Mastercard to create tailored digital financial solutions for Abu Dhabi stakeholders

DEWA commissions $23.4 million reservoir in Hatta

DEWA commissioned two water reservoirs in Lusaily and Enkhali this year, and is building a 120 MIG reservoir in Hassyan

ADFW 2024: Emirates NBD welcomes Chainlink to Digital Asset Lab

Chainlink’s membership will play a key role in advancing the lab’s mission to create innovative solutions in digital finance

Dubai’s prime property market sees 24 transactions over $8.2 million in November 2024: Report

Top developers in Dubai achieve significant sales with Emaar at 14.7 percent and Damac at 7.6 percent in November

Abu Dhabi’s Hub71, Google partner to accelerate startup growth in the UAE

Google will select 25 high-potential startups from Hub71’s ecosystem for a three-month program

Abu Dhabi Airports breaks ground on East Midfield Cargo Terminal at Zayed International

Terminal to integrate seamlessly with the Logistics Free Trade Zone's existing infrastructure, particularly Al Falah District

UAE, Eurasian Economic Union conclude CEPA negotiations

In the first half of 2024, the UAE shared non-oil trade worth $13.7 billion with the bloc

AD Ports Group assigned new A1 Credit Rating by Moody’s

The A1 rating is the fifth-highest on Moody’s scale, indicating upper-medium investment grade and low credit risk 

Abu Dhabi Finance Week (ADFW) 2024: ADIO and PGIM to establish RealAssetX Innovation Centre in Abu Dhabi

Integrating local institutions with global research leaders to advance sustainability, AI and Deep Tech for real assets

ADFW 2024: Asset Abu Dhabi explores evolving global asset management industry

Asset Abu Dhabi gathered asset managers who collectively manage over $42.5 trillion in assets to share their perspectives

Gold prices fall from two-week high ahead of key U.S. inflation data

Inflation data could help set market expectations for the Fed's 2025 policy

UAE President, Venezuela Vice President explore enhancing bilateral ties

The two sides reaffirmed their commitment to strengthening UAE-Venezuela relations and enhancing collaboration

Bitcoin MENA 2024: Eric Trump confident that Bitcoin will hit $1 million

Trump kicked off his speech by praising the UAE, stating that “the UAE is a developer’s greatest dream"

Dubai Ruler awards Ajman Crown Prince, Sheikh Theyab with Mohammed bin Rashid Sash

Sheikh Ammar received the sash for his role in developing the government system in Ajman