Dubai

Dubai’s PCFC profit surges 33.47 percent to $178 million in 2023, revenues reach $292.67 million

By 2023, PCFC had 600 employees, 96,000 clients, 400 suppliers, and 26 strategic partners

Arab stock exchanges exceed market cap of $4.17 trillion in H1 2024: AMF

Fed's decision to hold rates for the seventh time impacted performance of global financial markets and Arab stock exchanges

UAE’s flydubai adds Basel to its expansive 29-destination European network

The carrier’s European network already includes Budapest, Catania, Krakow, Milan-Bergamo, Prague, Salzburg, and Zagreb

Dubai govt to reduce working hours, suspend Friday operations for some entities

As many as 15 government entities are participating in the ‘Our Flexible Summer’ initiative

DIFC Innovation Hub, Ripple partner to accelerate adoption of blockchain technology in UAE

Partnership to provide the means to drive blockchain and crypto adoption amongst early-stage companies and scale-ups

e& and du paid $963.78 million in federal royalty to UAE government in H1 2024

The aggregate amount of royalty payable by the e& group in the first half of 2024 reached $748.43 million

Dubai’s Empower posts $368 million in revenues in H1 2024 with 10.3 percent growth over H1 2023

The company earned $116.52 million in profit before tax, a 6.3 percent increase from the same period in 2023

Top trending travel destinations on TikTok in 2024

Dubai is the most popular city on TikTok, with over 29.7 million posts

Abu Dhabi’s residential rental contracts surge 102 percent to 49,135 in H1 2024

Al Ain City also saw substantial growth, with a 77 percent rise in rental contracts reaching 4,819 in 2024

Dubai TECOM Group’s net profit rises to $164.17 million, revenue surges 9 percent to $299.48 million

The Group's top-line growth contributed to a 9 percent YoY surge in EBITDA, which reached $243.94 million

Dubai’s DEWA sees over 6.7 million digital transactions in H1 2024, up 11 percent

Customers carried out over 1.1 million digital transactions through the authority's website

UAE gross bank assets surge over 10.8 percent to $1.16 trillion in May 2024

Gross credit grew 0.7 percent from AED2.063 trillion in April 2024 to $565.47 billion

Dubai Airports enhances travel experience with new baggage facility at Terminal 2

New facility seamlessly and securely connects publicly accessible areas with the terminal's secured areas

Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345

The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys

Dubai bets on AI-driven data centres to unlock $3.89 billion in economic growth by 2028

Digital Dubai outlines measures to realize vision for AI-enabled data center sector

Dubai’s taxi sector hits 55.7 million journeys, serving 96.9 million passengers in H1 2024

E-bookings accounted for 40 percent of the total number of taxi journeys in Dubai during the first half of this year

UAE faces 11.7 percent rise in malware detections as email attacks surge 293 percent globally: Report

Cybersecurity experts stressed the need for improved vigilance and protective measures against growing threats

UAE-Chile CEPA set to take effect in six months, promises $73 million national economic boost by 2031: Al Zeyoudi

The agreement aims to liberate trade between both countries, empower women in commerce

DIFC sees rapid expansion, adds 820 companies in H1 2024, AUM reaches $700 billion

Over 370 wealth and asset management firms, including more than 50 pure-play hedge funds, are now based in the Centre

Dubai’s RTA launches AI-powered inspection vehicle to enhance rail infrastructure safety

This innovative vehicle can detect violations, restricted activities, and damage within rail the right-of-way areas

Dubai Chambers, ProChile forge agreement to enhance trade, investment

Non-oil trade between Dubai and Chile reached approximately AED5.3 billion over the past five years

Dubai’s real estate market poised for expansion, with over 30,0000 units to be delivered in H2 2024: Report

Despite the surge in new units, the market remains imbalanced, with demand outpacing supply, data showed

UAE’s new AI Charter prioritizing safety, privacy, and societal trust in AI advancements

The launch reflects the UAE's vision to establish itself as a global AI hub