United Arab Emirates

UAE’s ADNOC Drilling awarded $733 million contract for three AI-powered island rigs

These new rigs will support the growing operations at the offshore Zakum field

UAE’s ADIB releases comprehensive ESG report, highlights $1.51 billion in sustainable finance and net zero commitments

The bank reduced Scope 1 emissions by 65 percent compared to 2022 and set 2030 emissions reduction targets for six portfolio sectors

Dubai’s Q2 residential real estate market soars with 35,310 transactions and 20.5 percent YoY growth

The surge was driven by the rising popularity of customizable units and stable investment returns

UAE gold prices rise, global rates up as investors eye Fed meeting minutes

Fed Chair Jerome Powell said on Tuesday the U.S. was back on a 'disinflationary path' but policymakers remain cautious

Dubai’s DFSA completes record number of inspections to ensure audit quality at DIFC

The DFSA recorded its highest number of authorizations, licensing over 100 new firms in 2022-2023

Abu Dhabi’s EAD, TotalEnergies partner to conserve and restore coastal ecosystems in the emirate

As part of this collaboration, EAD and TotalEnergies will research, monitor, and evaluate Abu Dhabi's coastal ecosystems

UAE’s ADNOC embraces AI for sustainability, drives $500 million in savings and 1 million tons of carbon cuts

Last year, ADNOC implemented over 30 AI tools to improve the efficiency of its projects

Sheikh Hamdan announces Dubai’s winning bid to host premier global conference on computer vision, AI

The event is expected to draw over 15,000 industry leaders, experts, and officials from around the globe

Abu Dhabi ranks as world’s safest city, tops GCC in quality of life index

In a list of 311 cities, Abu Dhabi has ranked highest on the safety index (88.2) and lowest on the crime index (11.8)

Abu Dhabi’s Yahsat selects SpaceX to launch advanced new geostationary satellites AY4 and AY5

The agreement is part of the AY4 and AY5 procurement program, expected to cost $1.06 billion

ADNOC L&S awards $2.5 billion in contracts to Korean shipyards for 8 LNG carriers

LNG carriers will be delivered by 2028 and time chartered for 20 years to ADNOC Group subsidiaries

UAE gold prices decline, global rates down as investors await key U.S. jobs data

Fed chair Jerome Powell's speech later today to provide insight into the U.S. interest rate outlook

UAE’s Arada lists $400 million sukuk on Nasdaq Dubai

Arada's sukuk listing brings the total value of sukuk issuances to $93 billion

Sharjah Ruler establishes communication technologies free zone in Kalba

Free zone to establish Sharjah as an attractive hub for investments, partnerships and skilled professionals in communication technologies

Emirates introduces refurbished Boeing 777 to Geneva, Tokyo Haneda, Brussels

In total, 81 Boeing 777 aircraft will get an upgrade as part of Emirates' investment in its retrofit program

e& UAE, Khalifa Fund for Enterprise Development partner to accelerate local startup growth

Khalifa Fund members will gain access to special offers and tailored telecommunications and digital solutions from e& UAE through a dedicated online portal

Dubai launches new mixed-use development project ‘DIFC Square’

The project will expand DIFC's real estate with offices and retail, meeting the demand for prime office space in Dubai's financial district

Al Maktoum airport to boost UAE’s passenger traffic, economic development

Knight Frank emphasizes the significant impact the airport's expansion will have on the real estate market

Experts forecast robust growth for the UAE economy in 2024 amid global challenges

In 2023, the UAE's GDP reached AED1.68 trillion, growing by 3.6 percent

UAE gold prices decline, global rates down amid Fed rate cut speculations

U.S. personal consumption expenditures index rose by 2.6 percent in May after a 2.7 percent rise in April

Dubai approves $6.8 billion FDI program to attract $176.96 billion in investments by 2033

New initiatives launched to make Dubai one of the world's top three urban economies by 2033.

Emiratization in UAE: MoHRE to begin compliance verification starting July 1

MoHRE aims to raise the number of UAE citizens in skilled jobs by 1 percent at companies with over 50 employees

Al Zeyoudi strengthens UAE-U.S. ties in technology, innovation with Silicon Valley visit

Meeting identifies potential partnerships in high-priority fields such as AI, machine learning and climate technology

Fitch affirms UAE’s rating at ‘AA-‘; outlook stable

The agency expects non-oil growth of 4.3 percent in 2024