United Arab Emirates

Dubai International Chamber attracts 8 new multinational companies, 29 international SMEs in Q1 2024

The Chamber also played a crucial role in supporting the expansion of 21 local companies into new global markets during Q1

Seamless Middle East 2024: Monty Finance ready to roll out MyMonty globally

In-store payments, self-service checkouts and eCommerce solutions to transform global payment sector

UAE gold prices rise, global rates on track for second weekly gain

Dollar index declined almost 0.6 percent this week, making gold more affordable for holders of other currencies

UAE’s ADNOC to begin operations at Ras Al Sadr gas field in Abu Dhabi

The Ras Al Sadr gas field has a production capacity of up to 100 million standard cubic feet of gas per day

UAE property sector thrives in Q1 2024, prices in Dubai up 20.7 percent: Report

Transaction volumes in Abu Dhabi saw a 22.6 percent increase

Abu Dhabi launches HealthX to advance emirate as global biotech, life sciences hub

The startup program will help onboarding 30 global life science startups into the UAE's healthcare ecosystem over the next 2 years

Sharjah real estate transactions reach $462.83 million in April 2024

Mortgage transactions reached 197, with a value of $109.5 million

UAE gold prices surge, global rates rise on cooling U.S. inflation

U.S. consumer prices increased less than expected in April, which supported bullion

Sheikh Hamdan approves launch of MBZ-SAT satellite

The satellite is fully developed and built by a team of Emirati engineers from MBRSC

UAE announces 10-year Blue Residency visa

UAE already grants 10-year golden visas to eligible investors, entrepreneurs, scientists and outstanding students, among others

UAE construction sector flourishes despite global challenges, holds $590 billion project pipeline: Report

$3.9 trillion is the estimated pipeline value of unawarded construction projects in MENA from 2024-28

UAE banking sector witnesses soaring consumer confidence, reaching 90 percent in 2023: UBF Chairman

Banks demonstrated resilience and proactive strategies in adapting to market conditions

Sheikh Hamdan launches new Dubai quality of life strategy featuring more than 200 projects and initiatives

The strategy's objectives include a 300 percent increase in the length of beach cycling tracks

Abu Dhabi’s TAQA posts $571.7 million net income in Q1 2024

The group revenues reached $3.7 billion, marking a 5.3 percent increase compared to the previous year

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

Decline in inflation indicators could bode well for the precious metal

Dubai once again ranks No. 1 for attracting greenfield FDI projects

In 2023, Dubai welcomed 1,070 global greenfield FDI projects, 142 percent more than second-placed Singapore

Abu Dhabi’s DoH, M42 launch region’s largest hybrid cord blood bank

The Abu Dhabi Biobank aims to improve treatment access, health outcomes

Seamless Middle East 2024 begins today, to navigate the future of digital commerce

Topics of discussion will include AI's impact on the banking industry, real-time transactions, the evolving commerce landscape

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