economy

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

ADNOC JV inks $250 million contracts for two mega ammonia carriers

The agreements were finalized in Abu Dhabi at Jiangnan Shipyard’s first Middle East office opening

DAMAC reveals new nature-centric community, DAMAC Sun City in Dubai

The community is DAMAC’s fifth master development, and the second one launched in six months of this year

Yas Island’s business venues to be showcased in metaverse through Miral and e& enterprise partnership

The project will showcase attractions like theme parks, hotels, restaurants, and entertainment

WTO anticipates gradual recovery in global merchandise trade despite geopolitical tensions, inflationary pressures

The organization highlighted disparities between GDP growth and merchandise trade performance

Dubai Silicon Oasis recognized as Middle East Free Zone of the Year for Innovation Zones

DSO celebrated four awards at the fDi Global Free Zones of the Year Awards

ADNOC gets all approvals to buy 50 percent plus 1 share stake in Fertiglobe

A block trade will occur on the Abu Dhabi Securities Exchange (ADX) today, October 11, 2024, settling on October 15

Saudi Arabia, Oman sign MoU to advance economic resilience and green initiatives

This MoU is designed to facilitate cooperation through the sharing of information, expertise, and research

Emirates invests $48 million in advanced training systems for 3 full flight simulators

Emirates has 65 A350s and 205 777Xs on order, supporting its growth and enhancing route flexibility

Dubai Islamic Bank issues $500 million additional Tier 1 Sukuk

The issuance drew a diverse investor base, including banks and fund managers from Europe, Asia, and the Middle East

Dubai Department of Economy and Tourism to present innovative initiatives at GITEX Global, Expand North Star

At the event, DBLC will launch solutions to enhance the investor experience and improve business operations in Dubai

DWTC, RTA, and Dubai Police collaborate for seamless citywide operations at GITEX Global 2024

This focus on traffic management and safety highlights Dubai's role as a top host of mega events

Oil prices dip amid strong U.S. inflation data, yet remain on track for weekly gains due to Middle East tensions

Brent crude futures for December delivery dropped 0.5 percent to $78.98 a barrel

COP28 President urges global unity and action at COP29 to advance climate goals, build on UAE Consensus

The UAE Consensus serves as a crucial roadmap for fulfilling the aspirations of the Paris Agreement