Dubai

GCC companies raise $3.6 billion from 23 IPOs in H1 of 2024: Report

The Kingdom raised $2.1 billion from 19 offerings, making up 59 percent of total GCC IPO proceeds

Dubai’s RTA launches trials of world’s first 3D printed abra, reducing manufacturing time by 90 percent

The 3D-printed abra can carry 20 passengers and was designed to retain the traditional abra identity

Emarat, Emirates airline sign first aviation fuel supply agreement for Al Maktoum Airport

The deal is part of a longstanding three-decade partnership between Emirates and Emarat

Sustainable investments could unlock $2 trillion for GCC countries by 2030: Report

Green finance is surging in the GCC, with over $8.5 billion in green and sustainable bonds and Sukuk issued in 2022

CBUAE’s foreign assets surge 2.55 percent to $204.27 billion in April 2024

The Central Bank has added more than AED176 billion to its foreign assets within a year

FHS World Dubai unveils first speakers, new features for 2024 event

Hospitality investment conference to take place from September 30 to October 2

Top summer 2024 travel destinations for UAE residents revealed

Data showed a significant uptick in both domestic and international travel

Sharjah Islamic Bank lists $500 million Sukuk on Nasdaq Dubai

This listing marks the bank's 9th public Sukuk issuance and first since 2020

UAE, Poland discuss collaboration in treasury, fintech, and renewable energy during first strategic financial dialogue

The dialogue seeks to boost bilateral trade and economic diversification initiatives

GCC tourism’s contribution to GDP to surge to $340 billion by 2030: Report

The GCC region already boasts some of the world's most modern airports

Nasdaq Dubai welcomes three Indonesian Sukuk listings worth $2.35 billion

Total value of debt listed on Nasdaq Dubai reached $134.1 billion with Sukuk making up $93.89 billion

Dubai to get world’s largest fruit and vegetable trade logistics hub

Witnessed by Sheikh Maktoum, the agreement was signed between Dubai Municipality and DP World

Dubai Green Spine: Plan unveiled to transform key highway E311 with trams, cycling paths

The project also aims to enhance community and biodiversity through extensive green spaces with diverse habitats

Dubai Chambers, VFS Global to accelerate global expansion of local companies, boost trade development

The deal facilitates global expansion of Dubai firms by reducing entry barriers and enabling quicker access to opportunities

Mohammed Bin Rashid Library to host first Dubai International Library Conference 2024 from 15-17 November 2024

Discussions will include the preservation and restoration of archives, AI, intellectual property, copyright laws

UAE work permit cancellation to take just 45 seconds with zero documents

The new process eliminates the previous requirement of two documents

UAE-based startups lead MENA region in funding in June, securing $82.5 million across 15 deals

MENA startups raised $116 million in June 2024, bringing H1 total to $882 million

UAE doubles passport validity to 10 years for citizens aged 21 and above

The move aims to reduce bureaucracy and save time for citizens

Dubai Customs harnesses blockchain to usher in an era of efficient and transparent trade

New platform launched to strengthen collaboration between government entities and logistics industries

Dubai sees 190 prime property deals over $10 million in H1 2024 as supply drops: Report

The emirate's prime residential markets face a 47 percent supply shortage, with only 2,851 properties available

DEWA’s IPWP model attracts $11.87 billion investment over 10 years

Key projects include the Mohammed bin Rashid Al Maktoum Solar Park, which aims for 5,000MW by 2030 at AED50 billion

UAE’s cryptocurrency sector projected to expand by 7.89 percent annually, reaching $395.80 million by 2028

Data showed that the average daily number of crypto traders in the region exceeded 500,000 in February

Dubai to get mega 20 million sq.ft. car market

‘Dubai Car Market’ will be connected with 77 ports managed by DP World around the globe, enhancing its capacity and doubling its current sales of $1.85 billion