economy

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 

$2.16 billion invested in seven new UAE renewable energy projects from H2 2023 to H1 2024

13 solar projects will add by end of 2024 10.6 GW to UAE’s grid

Countdown begins: Dubai Shopping Festival 2024 promises unprecedented excitement for 30th anniversary

The event is set to be the most extraordinary yet, Dubai will come alive with vibrant activities and non-stop fun 

UAE President Sheikh Mohamed to visit U.S. on Monday, further enhance bilateral ties

Sheikh Mohamed will meet with a number of U.S. officials to discuss ways to develop UAE-U.S. relations at all levels

SIF 2024: Agility, sustainability and human capital are keys to smart economies

The UAE has continued to experience healthy growth in FDI and GDP, says Chairman of the DGR in Sharjah

Emirates’ retrofitted Boeing 777s with Premium Economy rolling out to six U.S. cities

These retrofitted Boeing 777 aircraft will operate direct flights to Chicago, Boston, Dallas Fort Worth, and Seattle

Oil prices decline amid concerns over U.S. economic outlook following Fed’s larger-than-expected rate cut

Brent crude futures for November fell by 34 cents, or 0.46 percent, settling at $73.31 a barrel

Non-hydrocarbon sectors poised to drive strong GCC economic growth this year: Report

Deal-making in the region remained active, with 214 transactions recorded in H1 2024

GCC economic growth to more than double to 4.4 percent in 2025, says ICAEW report

Global GDP growth to reach 2.7 percent both this year and the next

UAE’s MoEI, EtihadWE launch initiative to boost renewable energy adoption in Northern Emirates

Northern Emirates residents can now harness energy with rooftop solar panels

SIF 2024: Sharjah launches first AI-powered trade license in partnership with Microsoft

This initiative will expedite the investment process and enhance the business environment in the emirate

UAE’s Ministry of Energy and Infrastructure partners with Siemens Energy to promote green energy

This partnership will focus on addressing upcoming challenges related to grid infrastructure

Abu Dhabi to soon launch unified water strategy, says DoE Chairman

The comprehensive approach covers all stages of the water cycle, including production, delivery, and consumption

ADGM, DMT sign MoU to transfer real estate services on Al Reem Island

The agreement clarifies roles for smooth transition of Al Reem Island Real Estate from DMT to ADGM

Middle East set to achieve $75.6 billion in renewable energy investments: Report

These investments encompass 116 renewable energy are expected to become operational between 2025 and 2030

Sheikh Mohammed bin Rashid reviews cultural district project in Dubai South

The cultural district in Dubai South features an impressive selection of venues aimed at enriching the emirate's artistic scene

UAE’s National Bank of Fujairah issues Additional Tier 1 capital securities at $275 million

This initiative aims to enhance capital structure and refinance $350 million in existing AT1 securities