Economics

Abu Dhabi’s Masdar secures $159 million for 154 MW Čibuk 2 wind farm, powering 62,000 households

Non-recourse financing has been secured from lenders UniCredit and Erste Bank Serbia

Oil prices surge as China launches economic stimulus amid Middle East tensions, hurricane threat

Brent crude futures for November climbed by 69 cents, or 0.93 percent, reaching $74.59 a barrel

Abu Dhabi’s Jubail Island awards $108.9 million construction contract for Jubail Town Centre

The contract covers four office buildings and two residential structures—Jubail Terraces 7 and 8 

Sheikh Mohammed approves $2.72 billion expansion plan for Dubai Exhibition Centre at Expo City Dubai

This landmark venue will be the region's largest indoor exhibition site and set new global standards for excellence

UAE’s Al Ansari announces $42.9 million interim cash dividend for 2024

The deadline for dividend entitlement is September 26, 2024, with the ex-dividend date on September 27, 2024 

Emiratization in UAE: Final deadline for hiring at least one Emirati citizen approaches, MoHRE warns

The measure impacts over 12,000 businesses across 14 crucial economic sector

Sharjah operates first phase of electric bus rides

The move aligns with SRTA’s commitment to sustainability and supports the UAE’s goal of achieving Net Zero by 2050 

UAE, U.S. strengthen strategic partnership as trade reaches $39.5 billion in 2023

The UAE President's visit marks a significant moment in over fifty years of bilateral relations between the two nations

UAE, Eurasian Economic Commission to enhance economic ties as non-oil trade hits $13.7 billion in H1 2024

Dr. Thani bin Ahmed Al Zeyoudi met Andrey Slepnev in Moscow lately to discuss expanding UAE-Eurasian trade and investment 

Abu Dhabi Housing Authority and Abu Dhabi Commercial Bank collaborate to enhance housing loan accessibility for UAE nationals

This initiative allows eligible citizens to secure extra financing on their AED1.75 million loans for better housing

UAE celebrates 94th Saudi National Day, reinforcing fraternal ties as non-oil trade soars to $280.96 billion from 2014 to 2023

The fraternal ties between the UAE and Saudi Arabia exemplify a unique model of collaboration