UAE Business

Dubai-based DP World issues Middle East’s first blue bond
UAE

Dubai-based DP World issues Middle East’s first blue bond

Innovative financing supports UN goals, tackles marine pollution, and advances a sustainable blue economy.

UAE gold reserves climb 28% in 2024
Markets

UAE gold reserves climb 28% in 2024

Central bank reports AED5 billion increase amid rising investor interest in gold

UAEV implements first-ever EV charging tariffs in the UAE, launches innovative services for drivers
UAE

UAEV implements first-ever EV charging tariffs in the UAE, launches innovative services for drivers

UAEV introduces transparent EV charging tariffs, starting January 2025, supporting sustainability and network growth.

RTA awards Dubai Metro Blue Line contract to Turkish-Chinese consortium for AED 20.5 billion
UAE

RTA awards Dubai Metro Blue Line contract to Turkish-Chinese consortium for AED 20.5 billion

The project spans 30 kilometers, featuring 14 stations, and is set to launch in September 2029

CBUAE lowers interest rates by 25 basis points
UAE

CBUAE lowers interest rates by 25 basis points

This decision follows the US Federal Reserve’s announcement to reduce the Interest Rate on Reserve Balances (IORB) by 25 basis points.

UAE economy poised for 5% growth in 2025, Mastercard report reveals
UAE

UAE economy poised for 5% growth in 2025, Mastercard report reveals

UAE’s GDP is set to grow by 5% in 2025, driven by non-oil activity, infrastructure investments, and economic diversification under the UAE Centennial 2071 vision.

DMCC launches Crypto Centre Metaverse to boost Web3 engagement
UAE

DMCC launches Crypto Centre Metaverse to boost Web3 engagement

DMCC’s Crypto Centre Metaverse connects global stakeholders to Dubai’s Web3, crypto, and blockchain ecosystem via an interactive digital platform featuring gamified elements and advanced business tools.

UAE Supreme Space Council reviews key achievements and future plans for space sector
UAE

UAE Supreme Space Council reviews key achievements and future plans for space sector

The UAE's space sector has reached AED40 billion in investments, with private sector contributions accounting for 44.3%, showcasing strong growth and public-private collaboration.

Dubai RTA launches digital logistics platform ‘Logisty’
UAE

Dubai RTA launches digital logistics platform ‘Logisty’

The initiative aligns with the government strategy to boost the road logistics sector’s contribution to AED 16.8 billion

ADX signs agreement with Amman Stock Exchange, Jordan Securities Depositary Centre to join Tabadul Hub
Markets

ADX signs agreement with Amman Stock Exchange, Jordan Securities Depositary Centre to join Tabadul Hub

The integration of ASE into Tabadul marks a milestone in advancing cross-border trading and investment opportunities across the region.

UAE tourism sector booms with AED 33.5 billion in hotel revenue
UAE

UAE tourism sector booms with AED 33.5 billion in hotel revenue

Average hotel occupancy rates across the seven emirates reached an impressive 77.8 per cent, positioning the UAE among the highest globally.

London’s IPO market is falling behind emerging markets from the Middle East and Asia
Markets

London’s IPO market is falling behind emerging markets from the Middle East and Asia

Emerging markets such as Oman, along with Malaysia and Luxembourg, have surpassed London in IPO activity.

Huawei unveils Mate X6 and more at Dubai launch
UAE Business

Huawei unveils Mate X6 and more at Dubai launch

Foldable phone boasts impressive specifications that aim to set it apart from competitors

Forbes 30 Under 30’s Maimuna Rashid is on a mission of zero youth unemployment
UAE

Forbes 30 Under 30’s Maimuna Rashid is on a mission of zero youth unemployment

The 26-year-old co-founder and CEO of Pupilar shares how the struggle to find a job sparked her entrepreneurial journey

UAE president endorses appointment of XRG board of directors
UAE

UAE president endorses appointment of XRG board of directors

XRG, launched by ADNOC with an enterprise value of over $80 billion, will focus on driving global energy transformation through advanced AI systems, lower-carbon solutions, and sustainable economic growth.

Inside the world of luxury aviation: Bombardier jets at MEBAA 2024
UAE

Inside the world of luxury aviation: Bombardier jets at MEBAA 2024

At this year’s MEBAA Airshow in Dubai, the spotlight shone brightly on two of Bombardier’s most celebrated private jets: the Global 7500 and the Challenger 3500

UAE, Eurasian Economic Union conclude negotiations on Economic Partnership Agreement
UAE

UAE, Eurasian Economic Union conclude negotiations on Economic Partnership Agreement

EPA aims to deepen trade relations, improve market access, remove barriers to trade, and promote economic and technological cooperation between countries

Quantix by Astra Tech secures $500 million asset-backed securitization to drive fintech innovation
UAE

Quantix by Astra Tech secures $500 million asset-backed securitization to drive fintech innovation

Funding will drive the expansion of the CashNow platform and Ultra app ecosystem, reinforcing Quantix's commitment to innovation and transforming financial services in the UAE.

Chinese companies expand in Dubai as UAE-China trade set to hit $200 billion by 2030
UAE

Chinese companies expand in Dubai as UAE-China trade set to hit $200 billion by 2030

More Chinese firms establish operations in Dubai, leveraging growing trade opportunities.

Eric Trump promises 'very large wall' between Trump Org and U.S. government
UAE

Eric Trump promises 'very large wall' between Trump Org and U.S. government

Executive Vice President discusses business ethics, foreign interests, and Bitcoin's "financial revolution" during Abu Dhabi interview.