United Arab Emirates

UAE gold prices edge up, global rates dip ahead of U.S. inflation data

Markets currently await the release of the U.S. Consumer Price Index data

AD Ports Group net profit grows 11 percent to record $121.15 million in Q3 2024

The group's revenues rose 10 percent year-on-year to a record $1.27 billion due to a 60 percent surge in vessel trading activities

UAE President meets with heads of state, delegation leaders at COP29

The UAE President called on all parties at COP29 to prioritize mutual understanding over division

SAAS Properties delivers 7 successful projects, setting benchmarks in UAE’s luxury real estate

The company's developments in Abu Dhabi and Dubai align with the UAE’s vision for economic sustainability and diversification

Flexible work hours, remote policies reduce morning peak travel times by 30 percent in Dubai

32 percent of private companies currently implement remote work policies 

UAE-Japan ties: Abu Dhabi Crown Prince explores stronger bilateral ties with governor of Tokyo

In September this year, the UAE and Japan launched talks to reach a Comprehensive Economic Partnership Agreement

Parkin revenues surge 25 percent to $65.12 million in Q3 2024

Parkin's net profit rose 5 percent to AED104.7 million compared to AED99.8 million in Q3 2023

UAE education ministry, Space42 launch spacetech educational campaign for UAE students

Campaign aims to encourage greater engagement with the sciences through hands-on learning experiences that align with the UAE’s STEM curriculum

Sheikh Maktoum, Visa’s Oliver Jenkyn meet to advance innovation in fintech and digital financial services

This meeting underscores the UAE's commitment to collaborating with global fintech leaders to foster innovation 

Dubai air taxis: Construction of first vertiport begins near DXB

The 3,100 sqm facility will have the capacity to handle 42,000 landings and 170,000 passengers annually

UAE President attends COP29, urges accelerated climate action

As COP29 President, Babayev emphasized the conference's commitment to inclusivity, transparency, and collaboration among Parties

Emaar Development reports 66 percent surge in property sales, exceeding $13 billion in Q1-Q3

The launch of 50 projects across various masterplans solidifies Emaar's market leadership and paves the way for future growth 

Sheikh Hamdan appoints Moaza Al Marri CEO of Executive Affairs Sector at RTA

This Resolution is effective from the date of its issuance and will be published in the Official Gazette

UAE, global gold prices hover near one-month low ahead of key U.S. data, Fed comments

U.S. dollar held near a four-month high as investors continued to gravitate towards assets that are benefiting from Trump's election

Abu Dhabi’s ascent continues as the ‘Falcon Economy’ soars

Expanding non-oil sectors and thriving financial landscape propel the UAE capital’s growth

DEWA achieves record revenue of $6.4 billion, $3.2 billion in EBITDA during first nine months

The authority reported a consolidated revenue of AED9.9 billion for the third quarter of 2024, reflecting a 4.75 percent increase

UAE diamond trade to hit $40 billion in 2024

Diamonds account for 5.5 percent of the UAE's non-oil trade, with the value of diamond trade reaching nearly $39 billion in 2023

Emirates leads ULTRAs 2024 Awards as ‘Best Airline in the World’

In 2023, the airline refurbished eight aircraft—three A380s and five Boeing 777s—under its $4 billion retrofit initiative

$353.9 million of real estate transactions in Central, Eastern regions of Sharjah

The department recorded a total of 22,059 real estate transactions, covering 37 million square feet

Dubai Tram transports over 60 million passengers since launch

Dubai Tram leads the world as the first tram system with automatic platform doors at stations, ensuring the highest levels of safety and comfort for passengers

Dubai Municipality completes 7 intersection planting projects on Sheikh Zayed, Al Khail roads for $66.7 million

These initiatives further cover an impressive area of over 1.4 million square meters

UAE establishes new agency to lead humanitarian aid, disaster relief efforts

The agency's main role is to implement foreign aid programs that align with international humanitarian policies