United Arab Emirates

Abu Dhabi’s Etihad Airways carries 5.7 million passengers in 4 months

The airline transported over 1.4 million passengers, resulting in an average passenger load factor of 84 percent

Dubai’s Spinneys revenues surge to $221.89 million, transactions rise by 9.5 percent in Q1 2024

The company's gross profit margin also demonstrated strength, reaching 41.2 percent in the quarter

Number of UAE nationals employed in private sector rises 157 percent in 2 years: MoHRE

UAE labor market witnessed a 10.53 percent growth in the number of employees

e& UAE claims new 5G record with fastest 30.5Gbps speed

The achievement showcased the strong combination of multiple carriers operating on high-band and mid-band spectrums

UAE ranks second globally in shopping satisfaction: Report

Extensive use of digital features improves the in-store shopping experiences of UAE consumers

Abu Dhabi airport, Shanghai explore expanding economic, tourism ties

Investments, trade alliances and cultural exchanges to further deepen UAE-China ties

UAE gold prices up marginally, global rates rise ahead of U.S. inflation data

Stagflationary risks in the U.S. continue to support gold prices

UAE’s TII launches updated Falcon 2 LLM, outperforming Meta’s Llama 3

Falcon 2 11B VLM stands out as TII's first multimodal model

UAE’s ADNOC Drilling reports record revenue of $886 million in Q1 2024

The net profit for the quarter amounted to $275 million, reflecting a substantial 26 percent year-on-year increase

Investopia Europe 2024: UAE Economy Minister highlights strong strategic ties with EU, vows to deepen mutually beneficial relationship

H.E. Bin Touq meets with ministers and top EU officials to discuss prospects for enhancing economic cooperation

UAE, Mauritius to deepen cooperation in water, energy, sanitation

Areas of collaboration included renewable energy, hydrogen, liquefied natural gas

UAE leads global fiber connectivity for 8 years in a row with 99.3 percent penetration

Singapore ranks second with 97.1 percent fiber optic network penetration

Mubadala Energy announces second gas discovery in Indonesia’s South Andaman

Discovery comes just a few months after the major discovery at the Layaran-1 well

ADNOC Drilling lands $1.7 billion deal to tap UAE’s world-class unconventional energy reserves

Under the contract, Turnwell will be responsible for delivering 144 unconventional oil and gas wells

Abu Dhabi extends visa support for Indians seeking to get married

The new visa initiative supports emirate’s tourism strategy, which aims to targeting 39.3 million visitors by 2030

Dubai’s Salik posts $153 million in revenues from 122.8 million trips in Q1 2024

Toll usage revenue also grew by 8.1 percent YoY to $133.67 million

Emirates Group profit jumps 71 percent at $5.1 billion, hits new record

The airline, too, reported record profit of AED17.2 billion, up 63 percent

UAE gold prices down, global rates decline ahead of U.S. inflation data

U.S. employment data supported gold prices, which rose over 2 percent by the end of last week

Dubai’s investments in Vietnam surpass $76.2 million in 5 years, generating 4,500 job opportunities

Bilateral trade between Dubai and Vietnam surged to $8.6 billion in 2023

UAE, Indonesia sign agreement to promote local currencies for bilateral transactions

Agreement to facilitate the settlement of cross-border trade transactions in the two national currencies

UAE’s SNOC signs deal with Eni to explore oil in Ras Al Khaimah

Under the terms of the deal, Eni retains a 60 percent ownership stake and assumes the role of the operator

Dubai’s DFSA records 25 percent surge in licensed firms in 2023, reaching 791

The Authority saw growth in ESG securities listings, totaling $11.72 billion in new ESG bonds and Sukuk listed

UAE’s UAQ Department of Tourism signs agreement to develop tourism sector in the emirate

The deal seeks to facilitate the exchange of knowledge and expertise in the fields of tourism, hospitality, and entertainment