economy

International tourism reaches 96 percent of pre-pandemic levels with 790 million travelers in early 2024 

The surge was fueled by robust demand in Europe and the reopening of markets in Asia and the Pacific 

Etihad Airways marks 20 years of linking India to Abu Dhabi and beyond

The carrier boosted seat capacity from Abu Dhabi to India by adding flights to Ahmedabad, Bengaluru, and Kolkata 

Sharjah Investment Forum 2024 attracts 5,000+ attendees, paving path to smart economies

The event highlighted Sharjah’s strategic role as a prime destination for FDI

Oil prices slip as traders lock in profits, weekly rise boosted by U.S. rate cut

Brent oil futures, set to expire in November, dropped 0.4 percent to $74.60 per barrel

Ooredoo Qatar upgrades to Oracle Exadata Cloud@Customer, pioneering AI-driven innovation

Database 23c AI will bring advanced AI capabilities, streamlining app development and enhancing critical workloads

VERSES AI, Analog launch smart city pilot in Abu Dhabi to optimize taxi fleet management

The project aims to simulate taxi fleet management in Abu Dhabi using the Genius platform

AD Ports Group’s 2023 highlights: 5,000 tons of CO2 saved, 124 CSR projects launched

The Group achieved 7 percent drop in electricity consumption, 174 percent increase in recycled waste

Dubai launches new initiative to attract investments, boost global medical tourism market

New MoU between DHA and DET aims to position Dubai as a leading global medical tourism destination

Türkiye’s Central Bank keeps rates unchanged at 50 percent for sixth month: What’s next for inflation?

Since June 2023, the CBRT has lifted the interest rate from 8.5 percent to 50 percent, a 4,150 basis point increase 

Shurooq showcases premier projects at SIF 2024: A preview of Ajwan Khorfakkan, Maryam Island, and more 

The Sharjah Sustainable City development nearly sold out with over AED2.5 billion in sales

Sheikh Hamdan issues decision appointing CEO of Strategy and Corporate Governance at RTA

This decision takes effect immediately and will be published in the Official Gazette

Abu Dhabi launches green bus service: Clean hydrogen and electric vehicles now on Route 65 in Al Reem Island 

The Green Bus service launch highlights Abu Dhabi's commitment to sustainable public transport