Dubai

GCC’s aviation sector soars as a key economic driver 

Robust infrastructure, strategic location vital to the growth of the industry and the region’s economy

How the evolution of digital banking in the UAE is driving the sustainability agenda 

Country aims to mobilize over AED 1 trillion in sustainable financing by 2030 

Spreading her wings: Amira Sajwani on continuing a family legacy

Ventures into her own with innovative new ideas, while being deeply rooted in the family’s core business and strengths

DFM, SZSE partner to strengthen UAE-China capital market ties, enhance cross-border investment

This partnership will foster joint initiatives like roadshows, seminars, research collaborations, and training programs

Container volumes fuel $9.33 billion revenue for DP World in H1 2024

The port operator invested $994 million in capital expenditures during the period

Dubai Chambers, Bank of China partner to support investors, enhance bilateral trade

Agreement signing coincides with the 40th anniversary of the establishment of diplomatic relations between the UAE and China

UAE IPOs surge in Q2 2024, raising $890 million: Report

Sharia-compliant financial products are in high demand, with Sukuk issuances exceeding $10 billion in Q2

Indian businesses top Dubai Chamber of Commerce’s list of newcomers in H1 2024

The trade and repairing services sector ranked first, accounting for 41.5 percent of all new companies joining the chamber

Resilient MENA IPO market generates $2.64 billion in Q2 2024, set for strong remainder of year: Report

Q2 global IPO activity experienced 15 percent drop in offerings and 31 percent decline in proceeds

DP World Trade Finance, BBK integrate logistics and financial services to boost regional trade

Partnership seeks to drive growth, improve operational efficiency and provide comprehensive support to businesses in trade

DMCC, Bybit extend partnership to boost Dubai’s position as global crypto hub

Bybit supported and advised over 20 startups, helping them establish a foothold in Dubai's dynamic crypto landscape in 2023

UAE nationals receive $691.53 million in home construction tax refunds from FTA

This covers the period since the service was launched and until the end of the first half of 2024

Air Arabia reports $188.67 million net profit in H1 2024, continues network expansion and sustainability efforts

The airline achieved a turnover of $449.22 million, a 19 percent increase year-over-year

UAE’s diversified economy maintains robust growth in real estate, tourism, and manufacturing: OPEC

OPEC reported that the housing, utilities, and fuels sector rose to 6.7 percent YoY in June, up from 6.6 percent in May

Kuwait Warba Bank’s $500 million sukuk listing on Nasdaq Dubai attracts $1.8 billion in orders

This is the fourth listing under their $2 billion trust certificate program

Dubai’s Parkin reports $114.62 million in H1 2024 revenue, expands to 200,400 spaces

The company's Q2 2024 financial results saw a 12 percent increase in total revenues, reaching $55.94 million

DMCC accounts for 15 percent of total FDI in Dubai, 7 percent of GDP in H1 2024

Free zone posted a notable expansion in the technology sector, registering 226 new companies, including 14 gaming and nine AI companies

Abu Dhabi, Dubai ranked top liveable cities in Middle East and Africa

Among the top-ranking GCC cities were Kuwait City, Doha and Bahrain in the 3rd, 4th and 5th places, respectively

UAE’s DEWA reports $3.72 billion in H1 2024 revenue, shareholders to get $1.68 billion in dividends annually for 5 years

EBITDA reached AED6.6 billion, operating profit of AED3.3 billion and profit after tax of AED2.6 billion

ADNOC Distribution net profit rises 12.9 percent to $170 million in Q2 2024

Company's non-fuel retail gross profit increased by 13.5 percent annually in Q2 2024 to $56 million

UAE Banks Federation, ICAEW collaborate to guide businesses in digital currency adoption

The UAE is one of only 36 countries worldwide currently piloting the implementation of CBDCs

Dubai’s Emaar generates $3.9 billion in revenue for H1 2024 amid sustained investor confidence, robust demand

The company set a new group property sales record of $8.6 billion in H1 2024, a 56 percent increase over H1 2023