economy

DP World secures 47,000 TEUs to enhance capacity and customer experience

This acquisition reflects its dedication to offering customers dependable and efficient equipment

Expand North Star 2024 draws 65 unicorns valued at $400 billion

CEOs of unicorns noted that Dubai is an ideal gateway for launching global digital initiatives

Oil prices recover modestly amid Middle East stability concerns, weak demand

Brent crude futures for December delivery rose zero point four percent to $74.55 per barrel

AWS and e& sign $1 billion agreement to enhance cloud solutions, support AI for digital transformation

The focus will be on cloud services like storage, computing, networking, cybersecurity, and AI/ML advancements

RAK Properties collaborates with Commercial Bank of Dubai on $544.5 million financing agreement

The funding will support RAK Properties' projects, including luxury hotels and residential communities in Mina Al Arab

Expand North Star 2024: Dubai Chamber of Digital Economy highlights emirate’s business environment advantages

The emirate is fostering digital companies, boosting its reputation as a global digital economy capital

Gitex Global 2024: Khalifa Fund launches AI platform to enhance operational efficiency, transform public services

The platform aims to improve government solutions for better service delivery and adaptability

Saudi Arabia, Egypt ink maritime connectivity agreement to enhance passenger transport and expertise exchange

The collaboration areas include yacht and marine passenger transport, plus passenger ferries

Gitex Global 2024: Saudi pavilion showcases 40 tech companies

The participation highlights Kingdom's dedication to enhancing the global footprint of its businesses

Dubai Cares partners with UAE Stands with Lebanon initiative to deliver urgent humanitarian relief amid the ongoing crisis

This collaboration aims to mobilize the UAE community to raise vital funds for emergency relief

Oil prices decline as demand forecast weakens, supply concerns subside

Brent crude futures fell by $2.27 to $75.19 per barrel

Abu Dhabi’s Borouge delivers 700,000 tons in first year under Etihad Rail agreement

Since September 2023, over 36,000 Borouge containers have moved from Al Ruwais to Khalifa Port

Sheikh Mansoor bin Mohammed visits ‘UAE Stands with Lebanon’ campaign center at Expo City Dubai

The campaign, which started last Tuesday, will run until Monday, October 21

UAE pioneering future of financial services through AI innovation

UAE has emerged as a leading nation in the development of technology and AI-driven solutions

First regional centre of excellence for food security coming to UAE

This development is crucial for fostering innovation and strategic reform in food systems throughout the region

Dubai’s RTA awards $163.3 million contract for development of Oud Metha and Al Asayel streets

The project includes four major intersections, 4,300 meters of bridges, and 14 kilometers of roads

SuperBridge Summit 2024 kicks off tomorrow: Innovating for Next Gen with insights on economic power, technology, and leadership

With 70 speakers from various industries, the two-day summit will inspire and empower the next generation of leaders

stc Group’s digital expertise to help develop neutral digital infrastructure for Diriyah project

Diriyah Company will utilize advanced technology and top-tier infrastructure to support the Kingdom's Vision 2030

UAE driving global leadership in green finance, ESG Sukuk

The country has pledged to mobilize AED1 trillion by 2030 to fund sustainable projects

e& to transform digital landscape by showcasing AI in action at Gitex Global 2024

After a year of growth, e& will reveal its latest advancements in AI, connectivity, and digital transformation 

UAE, global gold prices rise as investors seek additional U.S. rate cut hints

Despite the rise in gold prices, the U.S. dollar's recent ascent and rate-cut expectations have limited gains

e& UAE achieves world’s fastest aggregated 5G-advanced speed of 62 Gbps

This achievement marks e& UAE's collective efforts in driving progress to create a better tomorrow

Oil prices fall on weak Chinese data and Middle East instability

Brent oil futures for December delivery dropped by 1.8 percent, settling at $77.65 per barrel