United Arab Emirates

Plastic ban: Abu Dhabi, Dubai to ban select styrofoam products, single-use bags from June 1

The ban is part of a larger campaign rolled out by the emirates to stop the use of plastics, styrofoam and other products that are not easily biodegradable

UAE, China ink 19 agreements in key sectors to boost investments, collaboration

UAE's non-oil trade with China reached a staggering $81 billion in 2023

AI to add $15 trillion to the global economy, says Dubai’s flagship free zone DMCC

Generative AI and the surge in e-commerce and digital services trade will drive global trade resilience

UAE: Petrol, diesel prices for June 2024 announced

Petrol prices have reduced for the first time in June after rising month-on-month since February

UAE’s GDP reaches $457.38 billion in 2023, 3.6 percent growth from previous year: Minister

The non-oil GDP stood at $340.3 billion, up 6.2 percent compared to 2022

UAE gold prices rise, global rates fall as U.S. economy growth slows in Q1, inflation data awaited

U.S. economy grew 1.3 percent in Q1 of 2024, significantly slower than 3.4 percent in Q4 of 2023

Over 40 percent expats prefer UAE for quality of life, investment opportunities: Survey

Only 27 percent of high-net-worth (HNW) expats are “very familiar” with the tax implications of wealth assets outside the UAE

New avatar at AMF 2024 showcases transformative potential of AI in media

Digital avatars of literary and media figures from the Arab world were among the most notable attractions

UAE gold prices dip, global rates decline on stronger dollar ahead of key economic data

First-quarter GDP data expected to reveal resilience in the U.S. economy, impacting rate cut expectations

Etihad Credit Insurance’s ‘Xport Xponential’ initiative to boost UAE exports

Xport Xponential offers beneficiaries comprehensive credit facilities, innovative financial solutions

UAE and South Korea forge CEPA agreement to free trade, promote investment

Agreement will remove tariffs on more than 90 percent of all imports from both countries in the next 10 years

UAE’s ADFD finances projects worth $9.6 billion in 42 African countries

In 2023, ADFD led a $4.5 billion UAE initiative to boost Africa's clean energy infrastructure

UAE Ministry of Energy and Infrastructure, Technology Innovation Institute to build 3D maps of the nation’s mineral, renewable resources

The agreement seeks to explore and utilize untapped renewable and mineral resources in line with UAE's Net Zero 2050 Strategy

PureHealth contributes $272.2 million to support National ICV program

National ICV Program witnessed remarkable growth, redirecting AED67 billion into the national economy in 2023

ADNOC Distribution targets 500 fast EV charging points in the next 5 years

Company aims to raise the number of EV charging points to 200 by the end of this year

UAE gold prices rise, global rates dip as traders reduce rate cut expectations

Fed officials say the central bank needs to wait for significant progress on inflation before cutting interest rates

Sheikh Ahmed attends opening of 22nd Arab Media Forum in Dubai

The forum was held on Day 2 the Arab Media Summit 2024

DMCC, Korea’s SBA ink agreement to boost bilateral innovation, trade and entrepreneurship

DMCC has intensified its outreach to South Korea, hosting three roadshows in different cities

Make it in the Emirates Forum: EDB commits $1.36 billion to propel UAE’s manufacturing sector

EDB’s targeted financing includes AED1 billion allocated for co-lending with commercial banks

Alef Education sets IPO offer price between AED1.30 and AED1.35 per share

Total offering size to reach between $496 million and $515 million

Make it in the Emirates Forum: $111.6 million land capacity expansion at Dubai Industrial City

Land occupancy at Dubai Industrial City grew by 12 percent to reach 97 percent in Q1 this year

Make it in the Emirates Forum discusses industrial sustainability regulation, roadmap towards sustainable development

Regulation aims to reduce energy demand by 33 percent, improve air quality by 32 percent

Sheikh Khaled inaugurates phase one of Abu Dhabi’s $844 million North Bani Yas housing project

The wider project, estimated at $2.53 billion, has been officially named Al Mizn Neighbourhood

Dubai’s IPO boom positions city as thriving hub for capital markets: Report

Privatization of state-related entities to support the initial phase of regional IPO growth