United Arab Emirates

Aluminum and iron ore drive Bahrain’s $894.31 million export surge in July 2024

China emerged as the leading import partner, contributing BHD73 million (16 percent) to Bahrain's import basket

Dubai’s DXB to serve 3.43 million passengers between August 21 and September 2

The airport forecasts September 1 to be the peak day, accommodating 291,000 passengers

UAE travel: Abu Dhabi Airports welcomes 3 new IndiGo routes to India

The expansion boosts Abu Dhabi-India connectivity, bringing the total number of IndiGo-operated routes to 13

UAE’s top banks post strong Q2 2024 growth on higher profits, improved asset quality: Report

Banks saw a 3.2 percent rise in loans and advances, outpacing the 0.4 percent growth in deposits

Abu Dhabi Chamber sees 23.8 percent year-on-year growth in certificates of origin

This growth underscores the chamber's efforts to boost trade opportunities and enhance the UAE's international trade footprint

Abu Dhabi’s hotel revenue soars to $865.79 million in first five months of 2024, welcoming 2.4 million guests

By the end of May, Abu Dhabi boasted 169 hotel establishments, offering a total of 34,079 rooms

UAE’s ADQ, ne’ma join forces to combat food waste from farm to table

ne'ma aims to reduce food loss and waste by 50 percent by 2030, in line with U.N. Sustainable Development Goal 12.3

Passenger traffic at UAE airports surges 14.2 percent to 71.75 million in H1 2024

National carriers transported 68 percent of the 2,162,786 tons of air cargo

UAE gold prices down, global rates decline from record high ahead of Fed meeting minutes

Further supporting gold prices, the dollar index declined to its lowest this year, while benchmark 10-year Treasury yields dipped

UAE banks add 15 ATMs in Q1 2024, reaching 4,669

This growth is driven by technological advancements and changes in the financial sector, leading to greater security and efficiency

DP World, British International Investment pump $35 million into Congo’s first deepwater port

The project aims to unlock Congo's trade potential and boost its economy

First residential Abu Dhabi Rental Index launched to support capital’s growing property market

Platform offers easily accessible and reliable data for residential, commercial and industrial properties

Dubai Chambers expands China ties further, partners with Industrial and Commercial Bank of China

Agreement to promote collaboration between companies in Dubai and China to boost bilateral trade and investment in both markets

Dubai welcomes over 691,000 health tourists, generating $280.42 million in spending

The emirate's indirect revenue from health tourism reached AED2.3 billion in 2023

Abu Dhabi’s EAD launches region’s largest AI-based research program to monitor natural terrestrial habitats

AI adoption significantly reduces research costs and time, saving up to 90 percent compared to traditional methods

Abu Dhabi Airports bolsters advanced air mobility infrastructure in emirate with Groupe ADP

Collaboration aligns with Abu Dhabi Airports' vision for a more efficient, convenient, connected and sustainable future for air transport

UAE gold prices steady, global rates down as investors await more rate cut cues

U.S. dollar index fell to a seven-month low in the previous session, further supporting dollar-denominated gold

11 UAE e-commerce giants pledge for safer online shopping

Amazon, Noon, Al-Futtaim Group among first companies to sign up to voluntary pledge

UAE’s DWTCA Free Zone reports 19 percent rise in registered companies to 2,818 in H1 2024

The number of direct jobs within the free zone also grew to 8,223, a 5 percent annual increase from  7,837 in H1 2023

DMCC seeks to expand UAE-U.S. trade, investment flows across key sectors

DMCC is currently home to over 45 percent of the 1,500 American businesses in the UAE

Global economic zones converge in Dubai in September for 10th World FZO World Congress

The event will highlight how these zones contribute to national economies by promoting trade, commerce, and the digital economy

UAE’s new satellite takes Earth observation to the next level

The satellite, launched in partnership with ICEYE, reached orbit on August 16

Abu Dhabi’s Masdar, Infinity Power to build 200-megawatt wind farm in Egypt

The MoU secures a long-term supply of renewable energy from a large onshore wind project in Ras Ghareb, Egypt