United Arab Emirates

High-net-worth individuals poised to invest $4.4 billion in Dubai’s residential real estate: Report

According to Knight Frank, Dubai's prosperity has been fuelled by its transformation into a global commerce hub over the last 50 years

Fitch upgrades Ras Al Khaimah to ‘A+ with stable outlook, forecasts 6.2 percent growth in 2024

The revision reflects the emirate's improved credit metrics driven by stronger medium-term growth forecasts

UAE gold prices dip, global rates down ahead of Fed meeting minutes

Gold prices held above the $2,400 key level ahead of potential interest rate cuts later this year

Sheikh Mohammed bin Rashid visits Zayed International Airport in Abu Dhabi

The airport spans 742,000 square meters and can handle up to 45 million passengers per year

Meet half-yearly Emiratization targets by June 30, urges UAE ministry

2024 targets aim to raise the number of skilled Emiratis working in the private sector by 1 percent

AD Ports’s SAFEEN Group trials Middle East’s first electric tug

Electric tug boasts a 70-ton bollard pull able to handle the largest vessels

UAE leads MENA region, ranks among top 20 on WEF travel and tourism index

According to the report, the UAE has raised its score by 4.4 percent in the 2024 index

Abu Dhabi bans single-use styrofoam products starting June 1, 2024

Ban falls under the EAD's 'single-use plastic policy' which the authority launched in 2020

Dubai World Trade Centre’s economic output soars 40 percent to $4.97 billion in 2023

DWTC hosted 76 events with 1.54 million attendees, 46 percent international

Abu Dhabi’s Mubadala backs Japan’s 108GW solar target with inaugural renewable energy investment

PAG REN I platform will play a critical role in supporting large corporations across Japan as they transition to clean energy

UAE hospitality sector surges in Q1 2024, 22 percent rise in Abu Dhabi hotel guest numbers: Report

Dubai experienced robust growth with a total of 5.18 million international visitors in Q1

UAE gold prices slip, global rates decline from record high on stronger dollar

The dollar index rose 0.1 percent, making greenback-priced bullion less attractive to holders of other currencies

Dubai International welcomes 23 million passengers in Q1 2024, targets 91 million by year-end

India remained DXB's top destination country, with passenger traffic reaching 3.1 million

UAE’s MoEI, Etihad WE partner to promote fast and accessible EV charging

The partnership seamlessly aligns with the UAE's Net Zero 2050 Strategy

ADNOC makes first major U.S. investment with 11.7 percent stake in NextDecade’s LNG project

ADNOC also signed a 20-year LNG off-take agreement for 1.9 million tonnes per annum of LNG

ADX launches Global Investor Roadshow in New York, showcases leading companies

Market capitalization of 15 of ADX’s most prominent listed companies reaches over $228 billion

UAE’s real GDP to grow 4 percent in 2024: IMF

UAE's oil GDP is also expected to expand this year as OPEC+ output cuts ease

Abu Dhabi’s Tadweer Group, DUBAL Holding acquire e-waste specialist Enviroserve

Acquisition seeks to enhance Tadweer Group's sustainable waste management operations, e-waste recycling capabilities

Abu Dhabi’s ADGM sees record 211 percent surge in AUM in Q1 2024

107 asset and fund managers operating in ADGM, currently managing 137 funds

UAE aviation sector sees 14.7 percent passenger growth in Q1 2024 at 36.5 million

The breakdown includes over 10.7 million arrivals, 10.9 million departures, and nearly 15 million transit passengers

Emirate of Sharjah ‘BBB-/A-3’ ratings affirmed; outlook stable: Report

The report expects Sharjah's fiscal deficits to gradually narrow over 2024-2027 due to several factors

Alef Education to list 20 percent shares on Abu Dhabi stock market

The final price will be announced on June 5, and shares are likely to begin trading on the ADX on or around June 12

UAE gold prices up, global rates hit record high of $2,440.49 on rate cut bets

The dollar index maintained its downward trend, declining 0.03 percent on Monday

UAE’s ADNOC Drilling secures $1.69 billion contract to develop 144 unconventional wells

To service the contract and explore future opportunities, ADNOC Drilling has incorporated Turnwell Industries