United Arab Emirates

UAE banks attract over $14.7 billion in 3-month deposits in five months

Term deposits exceeding 12 months recorded AED44.48 billion at the end of May, up by 0.52 percent

Tourism surge, evolving preferences raise demand for short-term rentals in Dubai by 30 percent

Business Bay, Arjan, Jumeirah Village Circle, Downtown Dubai, Palm Jumeirah and DAMAC Hills are particularly popular for short-term stays

UAE’s non-oil foreign trade reaches record $379.81 billion in H1 2024


The country’s key exports like gold, jewelry, and metals have driven strong non-oil export growth, Al Zeyoudi says

UAE gold prices down, global rates dip as market awaits September U.S. rate cut

The dollar hovered near its lowest level in 13 months, making gold cheaper for other currency holders

ADAFZ, MSM Logistic break ground on $23 million strategic logistics project in Abu Dhabi’s Al Falah District

28,623-square-meter development to offer flexible storage solutions for local and international logistics businesses

Microsoft launches new AI-powered Surface devices in UAE to accelerate innovation, enhance productivity

New Surface devices are for students, professionals, and enthusiasts, looking to enhance their productivity using AI

DEWA’s R&D Centre develops digital first approach for condition assessment of critical assets

This approach eliminates the need for on-site sensors or hardware. It only requires asset data and their locations

UAE’s AD Ports Group embraces digitalization, big data to optimize smart operations

The Group's experts address industry challenges like software interoperability, cybersecurity, and change resistance

UAE’s Masdar to launch 4GW solar energy station in Egypt

Masdar's investments in Egypt's renewable energy sector fall in line with the country's National Strategy for Climate Change 2050

Emirati AI expert Dr. Ebtesam Almazrouei named in global AI 100 list

The AI expert was selected for driving real-world impact through scaling AI solutions across industries

Abu Dhabi’s E7 to begin $50 million digital tax stamp production in 2025

In June, E7 Group announced the plan to invest in ambitious organic growth initiatives across its security solutions business segment

UAE, Lithuania hold inaugural Joint Economic Committee to promote cooperation in key sectors

The UAE and Lithuania emphasised that the research, development, and innovation sector is key to enhancing economic development

Visa-free travel to Sri Lanka: UAE, Saudi Arabia, and 33 other countries granted access

Saudi Arabia ranked third as a potential market for Sri Lankan tourism in June 2024

UAE gold prices decline, global rates set for weekly fall after slipping from record highs

Gold prices fell almost 1 percent this week after hitting a record high on Tuesday

Dubai Business Forum – China: Dubai Chambers, CCPIT Beijing partner to bolster trade relations, bilateral ties

Agreement supports CCPIT Beijing’s member companies in establishing and expanding their investments in Dubai

UAE’s EGA inks equity purchase agreement to acquire 80 percent of U.S. recycling firm Spectro Alloys

Acquisition to significantly grow EGA's business and expand its offering to customers with domestic production

Dubai’s TECOM Group unlocks $544.5 million in growth opportunities with strategic acquisitions, new development

AED1.7 billion strategic plan raises TECOM Group’s portfolio of high-quality commercial assets to over 10 million square feet of gross leasable area

Dubai Business Forum – China: Dubai-based Emirati companies invested $1.4 billion in China in last 8 years

The number of active Chinese companies within the Dubai Chamber of Commerce reached around 5,400 at the end of H1 2024

du, etisalat by e& partner with Nakheel to provide fixed telecom services for key Dubai projects

The partnership will deliver cutting-edge telecom services to Dubai's citizens, residents, and visitors.

Dubai SME: Over $3 billion in contracts awarded to entrepreneurs since inception

Hamdan Innovation Incubator supported 109 Emirati tech startups in H1 2024

ADX-listed Phoenix Group, Tether partner to create UAE Dirham-pegged stablecoin

The value of the global market for stablecoins is currently at $150 billion and is set to grow exponentially to $2.8 trillion by 2028

UAE gold prices inch down, global rates dip on stronger U.S. dollar, Fed rate cut outlook

U.S. dollar index broke its four-day losing streak, recording a 0.17 percent increase

Abu Dhabi’s Mubadala expands data center assets portfolio with Yondr Group investment

Global cumulative data center demand is expected to grow at an 11 percent CAGR by 2032