Dubai

DEWA completes region’s first pilot virtual power plant project, revolutionizes energy management and sustainability

Through the virtual power plant project, DEWA has integrated over 8 DERs with a total flexibility of around 3.3 MW

Dubai Financial Market announces 74 percent rise in pre-tax net profit to $53.19 million in H1 2024

The first half of 2024 saw a surge in trading activity, higher trade values, and an influx of new investor

UAE, Chile sign CEPA to boost non-oil trade through tariff cuts and eased barriers

The CEPA also seeks to establish new investment and cooperation pathways, allowing private sectors to build partnerships

Dubai’s digital economy chamber supports 215 digital startups worth $7 billion in H1 2024

During H1, the chamber trained 243 Emiratis as part of the 'Create Apps in Dubai' initiative

G20: UAE to double digital economy’s GDP contribution to 19.4 percent with $20 billion investment

This investment signals the UAE's commitment to accelerating the growth and adoption of digital technologies across its economy

UAE and Morocco finalize CEPA to boost goods and services trade through tariff cuts, regulatory reforms

In 2023, the two nations had $1.3 billion in non-oil trade, a 30 percent increase from 2022 and 83 percent more than in 2019

Residents of this Dubai community to receive sub-30 minute robotic deliveries

They will navigate sidewalks safely and independently, finding charging stations as needed, eliminating human intervention

Dubai Taxi Company revenues rise 14 percent to $297 million in H1 2024

The company's taxis and limousines completed 23 million trips, up 4 percent compared to H1 of 2023

UAE wins bid to host COSPAR 2028, world’s largest space research event

The country has become a leading hub for global scientific research, especially in space exploration

Dubai property market thrives with 11.5 percent rise in residential sales: Report

Dubai saw a 61.4 percent annual surge in transactions of off-plan contract registration, equivalent to investments worth AED59.9 billion

Dubai International Chamber attracts 24 multinational companies in H1 2024

Chamber supported the expansion of 34 local companies into new global markets through its international offices

Dubai consolidates position as global business events hub, winning 175 bids in H1 2024

This marks a 24 percent increase compared to the same period last year

Dubai’s DMCC reports 9 percent rise in Chinese member companies in H1 2024

DMCC has become home to 15 percent of the estimated 6,000 Chinese businesses and companies in the UAE

Dubai’s office stock grows by 20,000 sq. m., Abu Dhabi adds 7,500 sq. m. in Q2 2024: Report

The growth is attributed to a strong economy, diverse demand, and focus on quality, sustainable spaces

Dubai to host Games of the Future in 2025

The UAE was last month selected as the host for the games at a ceremony in Istanbul

UAE announces $216.31 million in pension payments for July 2024, benefiting 48,199 pensioners

This marks an increase compared to July 2023, when AED711,323,785.25 was allocated to 46,835 recipients

Dubai’s Dragon Oil launches AI project to develop Egypt’s Morgan and Badri oil fields

The AI project is a significant step towards digital transformation and innovation in Egypt's oil and gas industry

UAE, Indonesia to boost cooperation in public finance, debt management, and climate finance

The two countries enjoy thriving bilateral trade, with $4 billion in volume in 2023 

Dubai’s GDP tops $31.3 billion in Q1 2024, grows 3.2 percent

Dubai’s economic growth in the first quarter of the year mirrors the success story of 2023

Dubai’s du posts 54.2 percent net profit surge to $322.35 million in H1 2024

In its Q2 2024 financial results report, du announced that its net profit reached AED581 million