United Arab Emirates

Salik assigned strong investment grade credit ratings by Moody’s, Fitch

Fitch has assigned Salik an investment grade A- issuer default credit rating with a stable outlook

EDB provides $305 million in financing to UAE’s food security sector

EDB seeks to support the growth of a robust and resilient ecosystem that drives sustainable development

dnata Logistics breaks ground on $27.2 million Dubai South warehouse

The new warehouse will handle 400,000 tons of cargo annually, boosting storage capacity by 50 percent and creating over 50 jobs 

Abu Dhabi’s Zayed International Airport named world’s most beautiful

In just one year of operation, Zayed International Airport claimed the top spot in this highly coveted category

Dubai CommerCity launches autonomous delivery robots trial for enhanced last-mile logistics

The free zone will designate areas for robot parking and charging during the trial to enable seamless operations 

Dubai remains global leader in branded residences with nearly 140 projects

Global demand for branded residences is expected to double over the next seven years

COP16 Riyadh: Arab Coordination Group commits $10 billion by 2030 to combat desertification, land degradation

This commitment aims to enhance land restoration, climate resilience, and nature-positive development

Dubai Duty Free reports $1.94 billion in sales by end of November 2024

November 30 set a new daily sales record for the year at $8.46 million

AI in sports forecasted to hit $19.2 billion by 2030: Report

AI expected to generate $8.5 billion for GCC media and entertainment by 2030

Abu Dhabi Business Week attracts over 10,000 participants on first day

ADBW will deliver more insightful sessions during its remaining days, allowing participants to drive sustainable development and partnerships

Gold prices edge down as market awaits U.S. payrolls data

Fed Chair Jerome Powell said on Wednesday the U.S. economy is stronger than the central bank expected in September

UAE emerges among world’s most prosperous societies: Report

The country ranked fourth globally in Economic Performance 2024

Abu Dhabi’s NMDC Group creates new Logistics & Technical Services division to drive expansion and diversification

The new unit adds logistics and technical services to the Group’s marine, EPC, engineering, and construction sectors 

Sheikh Mohammed praises GDRFA director general following secret shopper visit

Sheikh Mohammed frequently sends secret shoppers to government offices to test services

Gross assets of UAE banks rise to $1.19 trillion by August 2024

Gross credit at UAE banks increased by 0.5 percent to AED2.112 trillion at the end of August 2024

UAE’s Federal Tax Authority urges businesses to file corporate tax returns by December 31, 2024

This will help them avoid administrative penalties for failing to comply with the legally mandated deadlines

ADNOC Gas awards design contract for Bab Gas Cap’s gas processing facilities

New facilities will likely boost ADNOC Gas’ current processing capacity by 20 percent

ADFW 2024: Diversity and depth

Broad range of topics and themes ensure a richer and engaging experience

Ten talks you shouldn’t miss at ADFW 2024

Topics range from Abu Dhabi’s expanding influence on Sustainability to AI in finance

New events for 2024 edition: From Abu Dhabi Capital Markets Forum to Islamic Finance Summit

The addition of new events will enhance connectivity, promote insightful exchanges, and introduce groundbreaking forums

ADFW 2024 reaches new milestone

In seven years, the UAE plans to double FDI to $354 billion and triple the FDI balance to $599 billion

Gold prices rise as traders eye Fed Chair’s speech for rate cut clues

Powell is scheduled to speak later in the day, likely marking the last public remarks before the Fed's December meeting

UAE National Day: Foreign aid hits $98 billion since 1971

The UAE allocated $100 million in foreign aid to assist in combating hunger and poverty worldwide

UAE National Day: Nation celebrates key economic achievements, milestones in 2024

Achievements underscore the effectiveness of the UAE’s initiatives and strategies across key sectors