United Arab Emirates

UAE, U.S. ink agreement to strengthen economic, trade and customs cooperation

Agreement reiterates the UAE's position as a regional gateway for global trade with significant importance to the U.S.

Gold prices extend record high to $2,670.15 on weaker dollar, UAE rates surge

Traders now await Fed chair Jerome Powell’s remarks on Thursday and U.S. inflation data on Friday for further policy cues

Abu Dhabi’s Masdar announces $1.4 billion acquisition of Saeta from Brookfield

The acquisition encompasses a portfolio of 745 megawatts (MW) of primarily wind energy assets 

Abu Dhabi Finance Week reveals top finance leaders set to speak at 2024 edition

The 2024 edition will feature over 300 speakers, including CEOs and Chairs from 50 major global financial institutions

DET, HaejooX partner to deploy 20,000 reef modules in Dubai Reef

Deployment of the first 1,000 purpose-built reef modules to commence in late November 2024

Mashreq closes AED-denominated $136.13 million syndicated loan for TDB

Facility launched in July and was successfully subscribed by seven leading institutions from the Gulf region

UAE, IRENA forge partnership to boost climate ambitions in 20 developing nations

The partnership aims to leverage the UAE’s climate leadership and IRENA’s role in NDC development and sustainable energy transition 

Sharjah Chamber hosts first Pakistan Business Council meeting to strengthen investment, trade ties

Council’s strategy focuses on launching targeted promotional initiatives that emphasize the attractive investment environments in both Sharjah and Pakistan

Dubai’s DET and Amazon UAE launch accelerator program

The scheme under Dubai Traders initiative will propel the growth of Dubai SMEs

UAE, Bahrain discuss joint cooperation in financial sector, areas of mutual interest

Meeting explores ways to leverage the UAE’s expertise to boost Bahrain's business ecosystem

Sheikh Mohammed issues decree on appointment of Dubai government employees to judicial authorities

The Decree aims to attract national talent to Dubai's judiciary while ensuring employees retain benefits during training

Abu Dhabi’s Masdar secures $159 million for 154 MW Čibuk 2 wind farm, powering 62,000 households

Non-recourse financing has been secured from lenders UniCredit and Erste Bank Serbia

Global gold prices set new record high at $2,639.49 on rising Mideast tensions, UAE rates up

Market focus this week remains on Fed members' comments and the release of the U.S. PCE data on Friday

How to set up a business in Dubai: All you need to know

Foreign investors looking to set up a business in Dubai can either establish a legal entity in mainland Dubai or in one of over 20 specialised free zones

Abu Dhabi’s Jubail Island awards $108.9 million construction contract for Jubail Town Centre

The contract covers four office buildings and two residential structures—Jubail Terraces 7 and 8 

Sheikh Mohammed approves $2.72 billion expansion plan for Dubai Exhibition Centre at Expo City Dubai

This landmark venue will be the region's largest indoor exhibition site and set new global standards for excellence

UAE’s Al Ansari announces $42.9 million interim cash dividend for 2024

The deadline for dividend entitlement is September 26, 2024, with the ex-dividend date on September 27, 2024 

Sharjah operates first phase of electric bus rides

The move aligns with SRTA’s commitment to sustainability and supports the UAE’s goal of achieving Net Zero by 2050 

Yahsat, Bayanat merger to be completed on October 1, to list as SPACE42

On October 1, Bayanat will change its trading symbol to SPACE42

UAE, U.S. strengthen strategic partnership as trade reaches $39.5 billion in 2023

The UAE President's visit marks a significant moment in over fifty years of bilateral relations between the two nations

UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024

Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment