United Arab Emirates

DIFC launches Dubai Financial Experts Program to develop next generation of national leaders in financial services

The initiative aims to boost Emirati knowledge, skills, and leadership in financial services

UAE aviation sector sees 10 percent growth in passenger traffic to 147.8 million in 2024

In 2024, the country welcomed 41.6 million inbound passengers, while 41.7 million departed

Strategic agreements signed to support railway project between UAE, Oman

In October 2024, Hafeet Rail secured $1.5 billion financing for the Sohar-UAE railway project

Dubai Chambers, U.S Chamber of Commerce partner to enhance trade, investment ties

Partnership will strengthen trade relations and enhance the ties between the business communities of Dubai and the United States

UAE, French Presidents witness signing of UAE-France Framework for Cooperation in Artificial Intelligence in Paris

The two leaders emphasized a strategic AI partnership, focusing on collaboration, investment, and Virtual Data Embassies

ADX among top five exchanges globally in IPO proceeds, raising $3.35 billion in 2024

The exchange maintained its position as the second-largest bourse in the region and reinforced its ranking among the world's top 20 stock exchanges

Dubai Fountain to close for five months for major upgrade, enhancements

The renovation will commence in May and is expected to take five months to complete

Sheikh Hamdan approves key social welfare, digital transformation initiatives for Dubai

Strata Registration initiative approved to enhance homeownership opportunities for UAE citizens

UAE gold prices rise AED1.25, global rates set for sixth consecutive weekly gain

Gold hit an all-time high of $2,882.16 on Wednesday and has gained more than 2 percent this week

Dubai’s GDP grows 3.1 percent to $92.4 billion in first nine months of 2024

Trade, Transportation and Storage, and Finance and Insurance emerge as the leading sectors driving growth

Dubai’s TECOM Group posts record revenue of $653.4 million in 2024

The Group saw 14 percent YoY increase in net profit, reaching $326.7 million 

DP World sets new record for container handling in 2024, up by 8.3 percent

The global logistics business now has the capacity to handle more than 100 million TEU across operations in 78 countries

UAE sees 40 percent surge in AI specialists since 2022, says BCG Global

The UAE is now one of the most attractive countries for AI specialists and is effectively retaining top talent

ADNOC Gas net income grows 13 percent to record $5 billion in 2024

Adjusted revenues increased by 7 percent in 2024 to $24.43 billion driven by a 2 percent increase in sales volume

Sheikh Mohammed approves new boards of directors for Dubai Chambers and its three divisions

The board of directors for Dubai Chambers will be headed by Sultan Bin Saeed Al Mansoori, former UAE Minister of the Economy

WGS 2025: Expanded agenda to feature prominent tech leaders Elon Musk and Alphabet CEO

Alphabet CEO Sunder Pichai, Chairman of Alibaba Group Joseph Tsai and co-founder and CEO of Roblox David Baszuck will headline this year's edition

UAE gold prices gain AED1, global rates hover near record high on strong safe-haven demand

Gold prices hit an all-time high of $2,882.16 in the previous session

FAB reports 13 percent rise in profit before tax to $5.42 billion, revenues hit $8.60 billion

Total assets increased 4 percent annually to AED1.21 trillion by the end of December 2024

Sheikh Mohammed issues law regulating use of emblems of the Emirate of Dubai and the Dubai Government

Any person who commits any prohibited acts will face imprisonment for up to 5 years or a fine ranging between AED100,000 and AED500,000, or both

Dubai real estate transactions surge 24 percent to $12.09 billion in January 2025

The number of off-plan transactions continued to rise, accounting for 52 percent of total transactions last month

UAE launches new roadmap for Green Intellectual Property to accelerate technology localization

Ministry aims to raise the share of patent registrations for sustainable and environmental innovations to 8 percent of the total

WGS 2025: Over 200 Arab youth ministers to convene at 4th Arab Meeting for Young Leaders

Meeting will feature a ministerial discussion panel with institutional leaders and influential young figures from diverse fields

e& UAE completes phase one of private AI cloud deployment

The integration of AI into e& UAE’s private cloud aims to create a robust cloud environment

Dubai Aerospace Enterprise revenue grows 8.7 percent to $1.42 billion in 2024

The company acquired 83 owned and managed aircraft in 2024 and sold 68 aircraft, raising its total fleet size to 506