News & Press
Dubai World Trade Centre to set up specialised crypto zone
The announcement comes within the efforts to further develop Dubai virtual assets and markets. The Dubai World Trade Centre (DWTC) will become a crypto zone
Mubadala signs two deals to increase investments in France
The Abu Dhabi company signed a deal with the French Ministry of the Economy, Finance and Recovery to invest €1.4bn and expanded its existing relationship with Bpifrance. Abu Dhabi’s Mubadala Investment Company signed two agreements to increase investment in priority sectors in France during President Emmanuel Macron’s visit to the UAE this week.
Abu Dhabi Ports Group’s nine-month revenue rises 22% in 2021
Abu Dhabi Ports Group, the operator of industrial cities and free zones in the emirate, reported a 22 per cent increase in revenue during the first nine months of the year on the back of volume growth, business diversification and new partnerships. The company earned revenue of Dh2.791 billion ($760 million), compared with Dh2.295bn for […]
Dubai to create promising new opportunities for investors by first quarter of next year
A large majority of investors say these initiatives will have a positive impact on the business environment Dubai will work to accelerate the full completion of its business enhancement initiatives focused on creating promising new opportunities for investors by the first quarter of next year.
UAE is “keen” to invest in India’s renewable energy sector: Dr. Sultan Al Jaber
The minister hints at UAE-India partnership in petrochemicals and hydrogen projects Dubai: UAE and India could partner across a range of sectors including refined products and renewable energy, said Dr. Sultan bin Ahmed Al Jaber, UAE’s Minister of Industry and Advanced Technology and ADNOC CEO.
UAE jumps to 10th rank in global digital competitiveness
The UAE has achieved a major international milestone by being ranked in tenth place in the World Digital Competitiveness Ranking 2021 led by the US four years running.
Biggest Abu Dhabi wealth fund expands foray into private markets
Fund’s private equity department committed more capital than ever before last year with 24 investments, up from 18 in 2019.
Expo 2020 Dubai: Final preparations with just 30 days to go
Organisers and workers are in the final stretch of testing stunning structures for the World Fair that will begin in Dubai in a month.
Dubai renewables company Alcazar Energy Partners acquired by China Three Gorges
Renewable energy businesses in the UAE are getting a whole lot of investor attention.
Sheikh Hamdan: Dubai on track to realise Mohammed bin Rashid’s vision
Dubai is recovering as a preferred global investment destination, says Sheikh Hamdan
Safest countries 2021: UAE ranked 2nd in the world
Global Finance released the findings on Wednesday, with Qatar ranked 3rd and Bahrain 12th
100 days to go until Expo 2020 Dubai: Sheikh Mohammed launches countdown
Expo 2020 Dubai, which will begin on October 1, is expected to attract more than 25 million visitors from all over the world.
Abu Dhabi GDP’s 2019 level to reach in 2023, says S&P
The UAE capital’s fiscal position remains strong over the next two years
UAE to commission first green hydrogen plant this week
The Dubai Electricity and Water Authority (Dewa) in collaboration with Expo 2020 Dubai and Siemens Energy, is implementing the green hydrogen project, the first of its kind in the Middle East and North Africa
Food Technology Valley aims to make Dubai a key hub
Emirate’s latest initiative will help attract global brands in agricultural and food sectors and promote food security.
IMF upgrades UAE, global economic growth forecast
The IMF Fund more than doubled the UAE’s 2021 growth projection from 1.3 per cent in October 2020 to 3.1 per cent
ADGM Office of Data Protection first in Gulf to join IECWG
The IECWG is a permanent working group of the Global Privacy Assembly
UAE economy to grow faster untill 2024: IIF
US think-tank says UAE GDP to grow 2.3% in 2021, 3.0% in 2022, 3.4% in 2023 and 3.5% in 2024
Dewa’s Dh256 million water pipeline project 87.73% complete
Dewa has completed 87.73 per cent of its project to extend its water transmission network by 36 kilometres across Dubai, at a total cost of about Dh256 million. — Supplied photo
Mubadala to invest in Asper’s $2.1b Investment vehicle
Dorothea is targeting to deploy more than Dh2.1 billion in the project.
Abu Dhabi Global Market, Israel Securities Authority seal fintech agreement
This has been hailed as an important step forward in promoting the region as a connected and collaborative environment for fintech to thrive in.
Abu Dhabi’s Etihad restructures to ‘leaner’ size amid Covid headwinds, CEO says
The airline is taking definitive and decisive actions to adjust its business and position itself as a mid-sized carrier.
Investors find UAE more attractive than US, Europe
Investors prioritise yield in their portfolios with 61 per cent aiming to get more yield in the next six months.
UAE-Israel business ties in the fast lane
Annual trade expected to hit $4b by 2022 as top companies rush for partnerships.
Dubai records 190 FDI deals worth Dh12 billion
Capital flows into Dubai-based startups exceeded Dh739 million in H1 2020.
UAE bans insider trading in capital markets from today
Abu Dhabi Securities Exchange, DFM called on listed shareholding companies and brokerage firms to implement the ban.
UAE adds 15,874 millionaires in 2019, will add 41,300 over 4 years
Number of people with $1 million wealth grew from 182,768 in 2018 to 197,565 in 2019.
UAE, GCC construction set for growth in 2020
UAE, GCC construction set for growth in 2020
Indonesia, UAE sign $23b investment deals
Indonesia, UAE sign $23b investment deals
UAE Cabinet approves UAE strategy of advanced industries
UAE Cabinet approves UAE strategy of advanced industries
Ministry of Economy to hold 10th annual investment meet in March
A series of competitions will be held in 80 countries where top winners will be hosted in Dubai.
Dubai tops list of construction mega cities
The city continued to dominate the global rankings with a project value that is almost double that of London.
Public sector credit demand to boost UAE lending
Moody’s maintains stable outlook for UAE banking system
Dubai’s real estate to drive its own growth in coming years
For developers, it is vital to align their strategies to the long-term aspirations of the city.
Dubai’s DEWA awards Dhs981m construction contract for new headquarters
Al Shera’a will be the “tallest, largest, and smartest” government zero energy building in the world, according to DEWA
Dh4.4b for second phase of Etihad Rail project
The 1,200km railway network will be built in stages.
New investors lift Dubai’s real estate transactions
New investors lift Dubai’s real estate transactions
Abu Dhabi Global Market issues new guidelines on digital assets
The rules provide advice on initial offerings, listing and trading of tokens and other securities.
Developer Azizi reveals construction rate progress across Dubai projects
Azizi Developments says its projects in Dubai are progressing at a rate of 5% each month.
India allows 100% foreign direct investment in coal mining
100 per cent FDI under automatic route is also currently permitted for setting up coal processing plants.
Oil price balanced in 2019 and 2020 despite recession fears, Oxford Economics says
‘Worst appears to be over’ for oil markets due to improved demand and output cuts, according to new report
Investors more bullish on UAE’s economy compared to other global markets
84% of high net worth individuals, business owners optimistic on state of economy
Mubadala venture capital arm eyes American technology start-ups
Exclusive: investments range from biotech to logistics software
Dubai’s DEWA says to invest over $2bn in new substations
Dubai Electricity and Water Authority announces plan to build 68 new substations to meet growing demand for power.
UAE is Arab world’s most innovative nation again
GCC’s second-largest economy has seen its ranking consistently rising over the past four years, up 11 spots.
Chinese investments in UAE real estate set to grow 70% during 2019
Chinese investments in UAE real estate set to grow 70% during 2019
UAE Slashes More Government Fees to Boost Competitiveness and Spur Economy
Cabinet decision to cancel or reduce almost 1,500 government fees by up to 50 per cent
UAE’s Masdar, EDF secure financing for Saudi wind farm project
Dumat Al Jandal project will be Saudi Arabia’s first wind farm and the largest in the Middle East.
OIC calls for peace in South East and Central Asia
Abu Dhabi meet lauds Imran for releasing pilot, appreciates India’s fight against terror.
Emirates Investment Corporation (EMIC) pledges funds in support for Sandooq Al Watan
EMIC is contributing AED10 Million Dirhams.
EMIC gives AED10 million to Sandooq Al Watan
EMIC is contributing AED10 Million Dirhams.
UAE quickly emerging as a preferred investment destination
Pro-business environment, excellent infrastructure, diversified economy and political stability among nation’s key factors
Saudi Arabia and China sign $28 billion worth of economic agreements
Saudi Crown Prince Mohammed bin Salman cemented a $10b deal for a refining and petrochemical complex in China
Oil ends week at highest level in 2019
Brent up 2.6% to settle at $66.25 a barrel, its highest since November
UAE and Saudi bourses partner for dual listings
Agreement aims to establish cooperation on dual listing of securities in the financial markets
Sheikh Mohamed welcomes Pope Francis to the UAE
Pope Francis was also welcomed by His Eminence Dr Ahmad Al Tayyeb, Grand Imam of Al Azhar Al Sharif.
Global Fraternity meeting a rare global alliance: Sheikh Nahyan
Sheikh Nahyan said that Pope Francis and Grand Imam exemplify the moral force that is needed to meet the global challenges of the 21st century.
UAE Central Bank announces M1 increases by 1.3%
The increase in the money supply aggregate was mainly due to an increase of Dh6.2 billion in monetary deposits.
UAE-India trade to cross $100 billion by 2020: Minister
The balance of trade volume between India and the UAE is now worth $57 billion
Opec is not the enemy of the US, says UAE energy minister
Expected oil price in 2019 pegged at $60-$80, says Omani minister
Positive outlook for UAE economy in 2019
The country’s real GDP is expected to grow 3.7 per cent this year
VAT does it: Year 1 goes smoothly in the UAE
Tax experts laud efforts of the Federal Tax Authority, as well as cooperation between all concerned.
Dubai’s GDP up 2.8% at Dh389B
Economic policies adopted by the government all contributing to accelerating investment inflows to emirate
UAE names 2019 the Year of Tolerance to reflect Zayed’s vision
Leaders say the year will honour Sheikh Zayed’s belief that the UAE should welcome all nationalities and religions
India, UAE ink currency swap agreement
The latest development will be a big boost to import and export bilateral trade.
UAE airlines join hands to celebrate the legacy of Sheikh Zayed
This is the first time that this unique combination of aircraft types fly in formation.
Expo 2020 to drive sustainable economic activity in post-event years
190 nations confirm participation, surpassing UAE’s target of 180 at time of bid
UAE’s real GDP, surplus set to rebound
VAT is not expected to have a significant impact on growth
Record business optimism levels lift UAE economy
78% of firms surveyed for Emirates NBD Purchasing Managers’ Index expect higher output in a year’s time
UAE businesses with global reach win top honours
Dubai – UAE-based businesses with a global footprint won the top awards at this year’s edition of the Gulf Capital SME Awards.
Sharjah rolls out welcome mat for Asean businesses
Emirate is setting up an Investors Services Centre in Q1-2019
UAE Ministry of Finance to enhance financial coordination
Representatives from various financial departments in the UAE, as well as the UAE Central Bank, were part of the discussion.
UAE to invest Dh1.3 trillion in these sectors
Energy, utilities and transportation sectors in the UAE will see massive growth in the next two decades as the government will pump Dh1.3 trillion in the development of these sectors, analysts said.
Abu Dhabi exchange’s new tick size to improve liquidity
The ADX upgraded the tick size based on a study of listed companies’ performance and market trading activity.Abu Dhabi exchange’s new tick size to improve liquidity
Emirates, Etihad among most family-friendly airlines
Emirates was rated second by toy company Play Like Mum.
Why UAE, India are ideal for investment
In the second half of 2018, the UAE stock market is expected to rally by two to five per cent.
Abu Dhabi expands company licence package to boost growth
Service allows UAE residents, GCC nationals to start business without the need for an office
UAE, China agree to establish comprehensive strategic partnership
Agreement stressed their keenness to deepen cooperation within the “Belt and Road Initiative”
Chinese President Xi to arrive in UAE today for historic visit
The UAE has rolled out the red carpet for the Chinese premier’s three-day visit that begins today.
UAE to invest $10 billion in South Africa
President Ramaphosa arrived on Friday and was received by His Highness Shaikh Mohammad Bin Zayed Al Nahyan
Higher oil prices and output to boost public spending and GDP growth of GCC
GDP growth in the GCC to shift from a contraction of 0.3% in 2017 to a growth of 2.5% in 2018
UAE ranked first in Arab world in innovation
Country is 38th most innovative in the world, according to Global Innovation Index
Sharjah, Ethiopia keen to boost economic ties
They also want to promote investments between business communities.
Expo 2020, reforms key to 1% GDP boost to UAE economy
Expo 2020, economic reforms, Abu Dhabi’s $13.6 billion stimulus, and ADNOC’s expansion could add about 1 percent to the UAE’s non-oil real GDP growth in 2019, according to new research.
UAE, Saudi execs predict economic growth for year ahead
Majority of businesses plan to boost spending and employment, according to American Express survey
UAE ranked most reputable country in Middle East
The UAE was rated 27th in 2017’s ranking with 72.4 points, a drop of nine positions. Nation outperforms countries such as Qatar, Turkey and Saudi Arabia
What makes the UAE government a leadership you can trust
The UAE government has ranked among the most trusted in the 2018 Edelman Trust Barometer, with an extreme trust gain in the most recent report.
Abu Dhabi economy to pick up gradually
Global ratings agency S&P on Sunday affirmed Abu Dhabi’s “AA” long-term and expects growth will gradually pick up and that the its fiscal position will remain strong over the next two years.
UAE: FDI’s most wanted
Rising cross-border M&As lift FDI inflows to UAE, No.1 in Arab world. The UAE continued to remain top destination for the foreign companies to invest as the emirate jumped five places to become 30th country in the world for its ability to attract foreign direct investments.
Zayed vision: Transforming desert into green haven
Long before the need for sustainable development became widely recognised, the late Shaikh Zayed Bin Sultan Al Nahyan was achieving an environmental miracle: he was transforming the desert into a green haven.
Zayed Humanitarian Work Day announced in UAE
The 19th Ramadan will be celebrated in memory of the late Shaikh Zayed Bin Sultan Al Nahyan
It’s action time for female entrepreneurs in the UAE
The UAE offers a promising business landscape for women entrepreneurs to explore and flourish in. They have favourable circumstances to set their dream projects in motion
UAE 7th most competitive in the world
The country has secured No. 1 ranking in 20 indicators. The UAE has jumped three places to become the seventh most competitive economy in the world in 2018, its best ranking ever, reveals a global study released on Wednesday.
AIM 2018 sees record attendance levels
20,332 global investors gathered in one venue for the event. The eighth edition of the Annual Investment Meeting that took place at the Dubai World Trade Centre from April 9 to 11 saw the highest number of global investors gather in one venue, numbering 20,332, including more than 1,000 investment specialists and advisors from 143 countries, […]
Reforms put UAE on global investment map
The new UAE investment, residency and company reforms announced on Sunday signify a tectonic shift for the business and social ecosystems as the nation seeks to enhance its appeal as a prime hub for world class talents and big-ticket investors
Artificial intelligence to add $182 billion to UAE’s economy by 2035
Artificial intelligence is set to give the UAE economy a $182 billion boost by 2035, according to a new report. The country’s financial sector is set to benefit the most from AI, followed by healthcare, transport and storage industries, according to a report by global consulting services firm Accenture.
UAE Inc welcomes pro-investor reforms
Major global firms will now be keen to set up branches in the country, say industry stalwarts. Business, professional and investor communities in the UAE greeted the much-anticipated landmark residency and investment reforms with enthusiasm and hoped the new measures would give a major fillip to the economy and brighten the nation’s long-term investment outlook.
UAE makes history in Indian oil
Abu Dhabi National Oil Company (Adnoc) on Saturday started supplying crude to India for its strategic petroleum reserves with the first shipment carrying 2 million barrels of oil.
China expresses strong interest in Abu Dhabi oil and gas concessions
Abu Dhabi National Oil Company has received strong interest from Chinese energy firms for onshore and offshore oil and gas concessions being offered in the first-ever round of competitive bidding proposed as part of its new partnership model.
Etihad Airways launches ‘Year of Zayed’ A380 aircraft
The UAE’s Founding Father’s legacy will further be spread worldwide as Etihad Airways unveiled its specially-designed A380 ‘Year of Zayed’ aircraft .
Dubai among world’s top 3 model smart cities
Emirate has been taking a pioneering role in self-driving cars, automated ports, testing of delivery robots and drones and social robots among others.
Abu Dhabi first-quarter hotel guests surge 10.9% as Chinese visitors descend on capital
Abu Dhabi recorded an increase in the number of hotel guests in the first quarter of the year, boosted by tourists from China, India and the UK, as the oil-rich emirate seeks to diversify its economy and invest in new tourism offerings.
Watch: 8-year time-lapse of Louvre Abu Dhabi
Dubai: The Louvre in Abu Dhabi opened its doors to the public on Saturday, mesmerising visitors with a wide array of paintings, sculptures, jewellery and historic manuscripts. With more than 620 pieces that make up its permanent collection, and 300 loaned items from French and regional museums, the collection at the iconic museum has made Abu Dhabi […]
Sheikh Mohammed and Mohamed bin Zayed visit Louvre Abu Dhabi
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited the Louvre Abu Dhabi on Saadiyat Island on Monday, where they viewed the museum’s art […]
UAE is hope maker for nations: Mohamed bin Zayed
His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, commended the Louvre Abu Dhabi as a significant cultural milestone in the course of distinct ties between the UAE and the French Republic.
Dh400m roads and infrastructure project for Abu Dhabi
A Dh397.6 million project to improve roads and infrastructure in Abu Dhabi was announced in the capital on Saturday. The Department of Municipal Affairs and Transport at Abu Dhabi City Municipality, in cooperation with Abu Dhabi Public Services Company, Musanada, is carrying out internal roads and infrastructure projects in Shawamikh to bring roads and infrastructure […]
Abu Dhabi to become financial technology capital of Arabian Gulf
Abu Dhabi is aiming to become the capital of financial technology – or fintech – in the Arabian Gulf under an initiative announced by Ahmed Al Sayegh, the chairman of the Abu Dhabi Global Market, the capital’s financial free zone. Mr Al Sayegh announced the plan, to be prepared in cooperation with international and regional […]