economy

GCC governments’ digitalization push fuels telecom resilient performance, expansion into Europe: S&P

Significant investments in AI and cloud services reflect GCC telcos’ commitment to future-proofing their businesses

Binghatti Holding sees record AED 1.82 billion profit in first half of 2025

The company’s ability to blend architectural innovation with iconic design has attracted an elite international clientele

UAE’s trade in telecommunication services surges by 4.3 percent to $2.8 billion in 2024

UAE's telecom market hit $12.2 billion in 2024, fueled by 5G, smartphones, and digital investments 

ADQ boosts Aramex ownership to 63.16 percent

Voluntary tender offer for Aramex has become unconditional following receipt of all required regulatory and internal approvals

Dubai 24-carat gold price today hits AED408.25 up AED2.75 as dollar and bond yields fall

U.S. dollar index trades near a one-week low, making gold cheaper for foreign buyers 

Crude oil prices drop 0.75 percent to $68.60 amid rising trade tensions, demand concerns

U.S. tariffs on EU imports are expected to raise trade anxieties beyond the oil sector 

RAKBANK reports AED 1.374 billion profit in H1 2025, up 26 percent year-on-year

RAKBANK’s total assets grew by 18.1 percent YoY reaching AED 95 billion

Egypt’s real estate market booms in H1 2025 despite inflation and rising construction costs

Real estate remains a favored hedge against currency volatility and inflation

Abu Dhabi real estate boom: Off-plan, ready sales, and rentals see robust growth in H1 2025

Data highlights a marked increase in transaction values in the first six months of the year, indicating deepening confidence in Abu Dhabi’s real estate landscape

Union Pledge Day 2025: UAE reflects on 1971 unification and continued global rise

Union Pledge Day commemorates the UAE’s remarkable journey of unity and state-building

UAE introduces sugar-based beverage tax to promote healthy living

Under the new model, the higher the sugar concentration in a beverage, the higher the applicable excise tax per liter

Nvidia H20 AI chip sales to China approved by U.S. amid trade talks

China said win-win cooperation is only way forward in tech dispute