UAE Business

UAE's Masdar launches facility to produce 1GW of uninterrupted renewable energy
UAE

UAE's Masdar launches facility to produce 1GW of uninterrupted renewable energy

UAE Minister of Industry and Advanced Technology Sultan Al Jaber calls project a significant step in transforming renewable energy into baseload power

Abu Dhabi's ADQ plans to launch takeover of Aramex, boost logistics portfolio
UAE

Abu Dhabi's ADQ plans to launch takeover of Aramex, boost logistics portfolio

The cash offer will be launched through ADQ's unit Q Logistics Holding at a price of 3 dirhams ($0.82) per share.

DP world hits a 100 million milestone
UAE

DP world hits a 100 million milestone

The achievement is a testament to over $11 billion in strategic investments and infrastructure development over the last decade.

Coldplay concert drives hospitality surge in Abu Dhabi
UAE

Coldplay concert drives hospitality surge in Abu Dhabi

Rooms previously priced at AED 492 are now listed at AED 801, with some exceeding AED 1,500. One leading luxury hotel has even raised its rates to AED 2,548 for the period.

Abu Dhabi launches ADRA to enhance business sector regulation
UAE

Abu Dhabi launches ADRA to enhance business sector regulation

The Abu Dhabi Registration and Licensing Authority (ADRA) is designed to simplify business registration and licensing processes across the emirate and its non-financial economic free zones.

Building the future: Must-watch UAE mega projects on the horizon
UAE

Building the future: Must-watch UAE mega projects on the horizon

The UAE really believes in the motto, 'Go big or go home'

Dubai unveils second phase of Al Mamzar Beach Development Project
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Dubai unveils second phase of Al Mamzar Beach Development Project

With a total investment of AED 400 million, the project is scheduled for completion by the end of 2025, promising state-of-the-art facilities, sustainable designs, and enhanced beachfront infrastructure.

UAE's groundbreaking 2024: Economic growth, innovation, and global milestones
UAE

UAE's groundbreaking 2024: Economic growth, innovation, and global milestones

Sheikh Mohammed bin Rashid Al Maktoum highlighted 2024 as a landmark year with AED 2.8 trillion in trade, 200,000 new companies, and 80% of national laws modernized.

Dubai real estate market achieved record-breaking growth in 2024
UAE

Dubai real estate market achieved record-breaking growth in 2024

Dubai’s real estate market achieved an all-time high in 2024 with 180,900 transactions worth AED 522.1 billion.

Top 5 most desirable neighborhoods in Dubai
UAE

Top 5 most desirable neighborhoods in Dubai

Palm Jumeirah ranks as the top residential area in Dubai, scoring 85 out of 100, with strong appeal due to its educational facilities and 96,000 monthly global searches.

Dubai Duty Free achieves record $2.2 billion in sales for 2024
UAE

Dubai Duty Free achieves record $2.2 billion in sales for 2024

DDF expanded its workforce to over 6,000 employees and is set to complete significant renovations in its Arrival shops by early 2025, followed by upgrades in Concourses A and B.

UAE to expand Comprehensive Economic Partnership Agreements in 2025
UAE

UAE to expand Comprehensive Economic Partnership Agreements in 2025

The UAE plans to sign more CEPAs to boost foreign trade, attract investments, and position itself as a global hub for business and non-oil trade.

Dubai’s public transport records over 2.5 million riders on New Year’s Eve 2025
UAE

Dubai’s public transport records over 2.5 million riders on New Year’s Eve 2025

The RTA ensured smooth and safe passenger movement with a comprehensive plan in collaboration with city entities, highlighting Dubai’s efficient transport infrastructure.

Abu Dhabi's Mubadala: World's top wealth fund spender
UAE

Abu Dhabi's Mubadala: World's top wealth fund spender

Mubadala and its subsidiaries deployed $29.2 billion in 2024, up from $17.5 billion invested in 2023.

Gulf IPOs raise $12.1 billion in 2024 amid investor optimism
UAE

Gulf IPOs raise $12.1 billion in 2024 amid investor optimism

Out of 48 IPOs across the GCC in 2024, Saudi Arabia accounted for the majority with 38 listings, demonstrating its dominant role in the region's capital markets.

Abu Dhabi attracts film and TV productions with a 50% cashback incentive
UAE

Abu Dhabi attracts film and TV productions with a 50% cashback incentive

The new guidelines will see international, regional, and local production companies afforded up to a 50% total cashback rebate, based on a clear set of criteria.

UAE GDP grows 3.6% in H1 2024, driven by transport, finance, and construction
UAE

UAE GDP grows 3.6% in H1 2024, driven by transport, finance, and construction

The estimates also indicated that the UAE's nominal GDP (at current prices) during the first half of 2024 reached approximately AED981 billion

Sheikh Mohammed congratulates winner of Great Arab Minds Award in Economics 2024
UAE

Sheikh Mohammed congratulates winner of Great Arab Minds Award in Economics 2024

Professor Aït-Sahalia’s work focuses on analyzing high-frequency financial data.

Lulu Retail hits 250-store milestone across six GCC nations
UAE

Lulu Retail hits 250-store milestone across six GCC nations

Lulu Retail reaches 250 stores across six GCC nations, with two new express stores in Saudi Arabia boosting its presence to 59 stores in the Kingdom.

UAE aviation booms in 2024 with record growth, sustainability, and innovation
UAE

UAE aviation booms in 2024 with record growth, sustainability, and innovation

Key developments include a $35 billion expansion at Al Maktoum International Airport and initiatives like the world’s largest rooftop solar installation at Dubai Airports.