United Arab Emirates

UAE launches inaugural AI challenge, winner to receive $150,000

Challenge invites startups to propose AI solutions for different sectors including cybersecurity and GenAI in banking and finance

 7th Sharjah Investment Forum to explore AI-driven opportunities and global economic trends on 18-19 September

Organized by Invest in Sharjah, the forum will take place under the theme “A Futuristic Vision for Smart Economies”

Fitch upgrades Etihad Airways to ‘A+’ citing stronger standalone credit profile

The outlook on the Issuer Default Rating is stable, the report noted

Air Arabia expands Europe footprint with new Sharjah-Vienna route

The new service will commence operations on December 20, 2024, with a frequency of 4 non-stop weekly flights

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

Ajman embraces contactless payments on public transport buses with Visa partnership

The deals aims to support smart, sustainable mobility solutions that enhance customer experience

UAE gold prices up, global rates rise as market awaits June U.S. CPI data

Traders are currently pricing in a 46 percent chance that the Fed will cut rates twice by the end of the year

Nasdaq Dubai welcomes three Indonesian Sukuk listings worth $2.35 billion

Total value of debt listed on Nasdaq Dubai reached $134.1 billion with Sukuk making up $93.89 billion

Sheikh Khaled witnesses signing ceremony for international partners joining ADNOC’s Ruwais LNG project

His Highness met with heads of global energy companies to discuss the future of the sector

Dubai to get world’s largest fruit and vegetable trade logistics hub

Witnessed by Sheikh Maktoum, the agreement was signed between Dubai Municipality and DP World

One million mangrove seeds planted using drone technology in Abu Dhabi

EAD and its partners completed 14 programs with a progress implementation rate of 49 percent

Abu Dhabi’s Etihad Airways launches daily flights to Boston, Toronto

Etihad will also begin flying its state-of-the-art Airbus A350 once daily to Toronto Pearson Airport in Canada, starting October 27

Dubai Green Spine: Plan unveiled to transform key highway E311 with trams, cycling paths

The project also aims to enhance community and biodiversity through extensive green spaces with diverse habitats

Masdar JV Emerge, SNOC break ground on largest solar plant in Sharjah

Solar power plant will generate enough clean energy to offset 66,000 tons of carbon dioxide emissions annually

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

Global physically backed gold exchange-traded funds saw inflows for the second month straight in June

Sharjah airport, Nuctech Middle East ink agreement for advanced security inspection devices

Nuctech Middle East to supply 67 X-ray security inspection devices for detection of prohibited items

Dubai Chambers, VFS Global to accelerate global expansion of local companies, boost trade development

The deal facilitates global expansion of Dubai firms by reducing entry barriers and enabling quicker access to opportunities

Mohammed Bin Rashid Library to host first Dubai International Library Conference 2024 from 15-17 November 2024

Discussions will include the preservation and restoration of archives, AI, intellectual property, copyright laws

UAE work permit cancellation to take just 45 seconds with zero documents

The new process eliminates the previous requirement of two documents

UAE doubles passport validity to 10 years for citizens aged 21 and above

The move aims to reduce bureaucracy and save time for citizens

UAE gold prices down, global rates rise as investors await June U.S. inflation data

Recent weak U.S. economic data has raised the market's hopes for two interest rate cuts by the end of the year

Sheikh Khaled approves Emirati Family Growth Program under Abu Dhabi Family Wellbeing Strategy

Program aims to enhance the growth and stability of Emirati families as the main driver of economic and social development in Abu Dhabi

Commercial Bank of Dubai, Visa ink agreement to accelerate digital payments in UAE

Under the agreement, CBD and Visa will collaborate on establishing a ‘Center of Excellence’

Abu Dhabi World Food Security Summit 2024 to empower innovative solutions for hunger-free world

The event is set to be hosted for the first time on November 26-27, 2024