United Arab Emirates

UAE’s AI firm G42, Microsoft to launch two AI centers in Abu Dhabi

Centers to advance best practices and address key economic challenges by harnessing power of AI

UAE’s National Bank of Fujairah issues Additional Tier 1 capital securities at $275 million

This initiative aims to enhance capital structure and refinance $350 million in existing AT1 securities

Dubai tops Arab world, ranks fifth globally in international shipping centre index

Dubai holds the position of the fifth strongest international shipping hub for the fifth consecutive year 

World Utilities Congress 2024 addresses critical challenges in energy transitions, water security

The World Utilities Congress this year is co-located with the 6th Arab Water Forum

SIF 2024 kicks off tomorrow to explore AI’s transformative power in revolutionizing smart economies

Forum's 7th edition boasts an impressive lineup of 17 key partners from leading institutions

Dubai’s Meraas awards $231.4 million construction contract for Bvlgari Lighthouse on Jumeira Bay Island

The luxury project is expected to be completed by the second quarter of 2027 

Saudi Maaden, Bahrain’s Alba ink non-binding deal to explore potential business merger

This collaboration aims to generate synergies that boost production, ESG performance, energy security, and shareholder value

Etihad Airways passenger traffic surges 36 percent to 12 million by August 2024

As of August 2024, Etihad Airways' rolling 12-month passenger count reached more than 17 million

Dubai real estate guide: Resale market trends, opportunities and popular areas to look out for

Jumeirah Islands, Mohammed bin Rashid City and Dubai South emerged as some of the most highly sought-after locations

UAE’s ‘Invest in the Emirates’ campaign to attract world’s top innovators, talents and entrepreneurs

The campaign will launch in major cities including Cannes, Munich, Paris, London, Zurich, Geneva, and New York

UAE: Aviation Future Week to be held in October

The event will gather UAE ministers, senior officials, and industry leaders from aviation, aerospace, airfreight, MRO, and logistics

UAE, Australia free trade agreement to save $160 million a year in tariffs

In 2023, bilateral investment between Australia and the UAE reached $20.6 billion

Korea-UAE synergy through strategic trade partnerships

A deep dive into the role of key South Korean agencies

Mouza Al Suwaidi named secretary-general of UAE Gender Balance Council

Al Suwaidi’s appointment aligns with the leadership’s commitment to supporting Emirati women and investing in the development of national human resources

UAE gold prices down, global rates hover near record high on bigger rate cut prospects

Markets are currently pricing in a 69 percent chance of a 50-basis-point cut at the conclusion of the Fed's two-day meeting

Air Arabia launches home check-in service for Abu Dhabi passengers

Service allows customers to check in their luggage and collect their boarding passes from home

Crypto exchange Bybit secures provisional approval from Dubai’s regulator VARA

Bybit launched its sponsorship of the Blockchain for Good Alliance (BGA) at Blockchain Life in April in Dubai 

DET, Emaar Hospitality partner to support Dubai’s tourism growth

Collaboration seeks to showcase Dubai as a must-visit destination and enhance the city's global reputation

Invest in UAE stock markets with zero transaction fees as Emirates NBD launches new initiative

Platform includes more than 11,000 global equities and 150 regional equities to trade

Dubai to host ‘The Africa Debate’ on October 31 to boost trade, investment

The event reflects the UAE's commitment to strengthening its economic and trade relationships with African nations

UAE’s investment in clean energy reaches over $12.25 billion, says minister Al Mazrouei

The country has significantly increased its clean energy share to 27.83 percent in 2023, aiming for 32 percent by 2030 

RTA opens two major bridges, cuts down travel time by up to 70 percent in key Dubai areas

Project to cut the journey time from Garn Al Sabkha Street to Sheikh Mohammed bin Zayed Road towards Al Qusais and Deira by 40 percent

Sheikh Hamdan approves Dubai RDI Grant Initiative to foster scientific advancements, attract global talent

This program aims to fund research projects that will advance Dubai's key economic sectors

Gold price hits new all-time high at $2,589 on larger rate cut bets, UAE prices steady

The U.S. dollar index fell 0.25 percent to 100.86, making gold less expensive for other currency holders