United Arab Emirates

UAE gold prices down, global rates rise as investors await June U.S. inflation data

Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year

Sheikh Khaled approves Emirati Family Growth Program under Abu Dhabi Family Wellbeing Strategy

Program aims to enhance the growth and stability of Emirati families as the main driver of economic and social development in Abu Dhabi

Commercial Bank of Dubai, Visa ink agreement to accelerate digital payments in UAE

Under the agreement, CBD and Visa will collaborate on establishing a ‘Center of Excellence’

Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world

The event is set to be hosted for the first time on November 26-27, 2024

Dubai Customs harnesses blockchain to usher in an era of efficient and transparent trade

New platform launched to strengthen collaboration between government entities and logistics industries

DEWA’s IPWP model attracts $11.87 billion investment over 10 years

Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion

UAE gold prices decline, global rates ease from one-month high on rate cut bets

Unemployment reached a 2.5-year high of 4.1 percent, signaling a softer U.S. labor market

UAE’s ADNOC, JBIC sign $3 billion green financing agreement

The credit facility is part of JBIC's GREEN lending program and is partially supported by Japanese commercial banks

ADNOC cuts 6.2 million tons of greenhouse gas emissions in 2023: Report

ADNOC aims to achieve a 5 percent energy efficiency improvement by 2025

Abu Dhabi’s non-oil sector grows 59 percent in the last 10 years

Abu Dhabi's industrial sector soared 21.7 percent since 2022 from AED83 billion to AED101 billion in 2023

UAE holidays: 35 percent jump in international travel bookings in July, August, says report

Most popular destinations for international travel from the UAE include Thailand, Maldives and Mauritius

83 percent of Sharjah Taxi fleet is now hybrid, eco-friendly

Initiative falls under Sharjah Taxi's ambitious plan to achieve a 100 percent eco-friendly fleet by 2027

UAE’s cryptocurrency sector projected to expand by 7.89 percent annually, reaching $395.80 million by 2028

Data showed that the average daily number of crypto traders in the region exceeded 500,000 in February

UAE gold prices rise, global rates eye second consecutive weekly rise

If the non-farm payrolls data declines, investors will likely raise their expectations of a September Fed interest rate cut

UAE’s DP World, China’s Zhejiang Seaport partner to strengthen UAE-China trade

Partnership further supports UAE-China trade ties and the Belt and Road Initiative

Abu Dhabi Pension Fund ranks as 1st government service provider for 4th consecutive year

The fund received over 15,000 cases and transactions annually through the Abu Dhabi Contact Center

Dubai to host 10th World Green Economy Summit on October 2-3

Summit will be held under the theme ‘Empowering Global Action: Unlocking Opportunities and Advancing Progress'

Abu Dhabi Mobility completes 1 million passenger trips on Abu Dhabi Link since 2020

Abu Dhabi Link's on-demand bus service saw an increase from 50,000 trips in 2020 to over 300,000 trips in 2023

Elon Musk praises Zayed International Airport’s technological prowess, urging U.S. to “catch up”

The airport plans to increase its capacity from 45 million to 65 million passengers over the next 10 years

Tadweer Group launches four new subsidiaries to enhance waste recycling, conversion in Abu Dhabi

Tadweer Environmental Services and Solutions will focus on public waste collection activities

Dubai’s rising property supply to ease rent price growth in 2024: Report

In May 2024, the total volume of real estate transactions reached a record-high of 15,766

UAE gold prices rise, global rates decline as weak U.S data raises rate cut speculation

The dollar index declined 0.06 percent to 105.34, making greenback-priced bullion cheaper for other currency holders

ADNOC, e& partner to build energy industry’s largest private 5G wireless network

The 5G network is projected to generate $1.5 billion in value during the first five years of its operation

UAE’s 7X reveals expansion plans to strengthen diversified portfolio, global presence

As a member of the Universal Postal Union representing 192 countries, 7X can facilitate access to a global postal network