business

ADGM reports 33 percent AUM growth in Q1 2025 highlighting strong market confidence

Over 600 new businesses established in ADGM's expanded jurisdiction on Al Reem Island during the quarter

UAE and Fujairah governments launch zero bureaucracy program to revolutionize government services

Partnership aims to streamline services and improve the quality of life for citizens 

ADNOC Gas becomes largest addition to MSCI Index in 2025 boosting market capitalization

ADNOC Gas's inclusion follows a successful $2.8 billion share offering, expanding public share availability 

AI, robotics, and quantum tech drive new business models – WEF

Combining agentic AI, spatial intelligence, and advanced robotics is enabling machines to navigate and make decisions in complex, real-world environments

Dubai 24-carat gold price falls today to AED405.75, global rates retreat with dollar rise

The U.S. dollar index recovered slightly from a six-week low, affecting gold prices

Abu Dhabi transitions to performance-based budgeting to enhance service quality, transparency in 2026

Performance-Based Budgeting links spending to goals, enhancing service quality and community well-being 

Dubai’s PCFC, Ghana ink MoU to establish first economic zone, digital incubator in Accra

The initiative aims to position Accra as a leading destination for global businesses and talent

GCC financial markets hit nearly $4.2 trillion in capitalization in 2024, marking 0.7 percent growth

Total market capitalization of GCC financial markets dropped 4.4 percent compared to the end of 2023 

Dubai’s $10 billion infrastructure spending fuels growth of commercial vehicle market

Saudi Arabia's $267 billion in infrastructure investments are also key to driving industry growth 

Emirates to resume flights to Damascus starting July 16 

Emirates will operate three weekly flights, expanding to daily services by October for travelers

Ajman secures $272.3 million for port development in strategic MoU

A comprehensive development plan will adhere to the highest global standards for Ajman Port 

STC Bank wins Temenos’ Fast Track Growth award for remarkable user adoption

User-friendly features and instant transfers have fueled STC Bank's notable expansion in three months