Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
Foreign buyers, expats account for bulk of Abu Dhabi’s $19.2bn H1 home sales
Off-plan deals dominated residential activity, while rising prices, strong rental demand and significant future deliveries pointed to continued momentum across...
Business
Business
RAKEZ launches Traders District as a one-stop solution
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) has announced the launch of Traders District to support...
- Traders District is designed to offer a host of benefits, including business set-up solutions, simplified access to global supply chains.
- In 2022, RAKEZ recorded 206 percent increase in the number of new trading companies that set up in the economic zone.
Geostrategy
Sharjah Chamber concludes successful 5-day trade mission to India
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has successfully concluded its trade mission to India after...
- The trade mission visited New Delhi and Mumbai to discuss potential investment opportunities.
- The business gatherings has served as an effective platform to discuss potential investment advantages.
Business
MoIAT, Shahin sign strategic partnership to enhance UAE’s green mobility
ABU DHABI, UAE - UAE Ministry of Industry and Advanced Technology (MoIAT) has signed a Letter of Intent (LoI) with...
- According to the Global Electric Mobility Readiness Index (2022), the demand for electric vehicles in the UAE has been rising over the past few years.
- The report shows the UAE, which has more than 300 charging stations, has one of the largest charging-station-to-vehicle-ratios in the world.
Business
ADNOC signs deals with 60 firms to produce key non-oil products in UAE
Abu Dhabi, UAE - ADNOC signed deals with more than 60 UAE-based and international companies to locally manufacture key non-oil...
- This brings ADNOC closer to its target to locally manufacture $19 billion worth of products in its procurement pipeline.
- In addition, the deals enabled AED2.84 billion ($774 million) to flow back into the UAE economy through industrial investments.
Economy
Meeting discusses growth of new economic sectors in UAE
ABU DHABI, UAE - The Economic Integration Committee held its second meeting this year and discussed a range of key...
- The Committee also discussed strengthening of the Anti-Money Laundering/ Combating the Financing of Terrorism ( AML/CFT) efforts.
- The meeting discussed cooperation between the federal and local authorities concerned with the implementation of various economy-related laws.
Business
Masdar city to review benefits, challenges of EVs in three day summit
ABU DHABI, UAE - Two of Masdar's spokespeople will address key issues, challenges, and opportunities in electric vehicle innovation during...
- The three-day summit is scheduled to take place at the Abu Dhabi National Exhibition Center from May 29-31.
- Lukas Sokol, Masdar City’s head of master planning, will shed light on the city’s work in introducing electric, autonomous vehicles.
Economy
EIB lends US$3.6bn to circular economy projects
BRUSSELS, BELGIUM - The European Investment Bank (EIB) lending to circular economy projects has consistently increased over the years, amounting...
- EIB has been building partnerships with multilateral development banks and civil society organizations to accelerate the transition to a circular economy.
- EIB said there can be no transition to a carbon-neutral economy without a change to a circular economy where resources are in use for as long as possible.
Economy
‘Partnerships with technology leaders help in Dubai’s digital transformation’
DUBAI, UAE - First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance of the UAE Sheikh...
- Successful partnerships with leading industry players are a key enabler of Dubai’s digital transformation journey.
- The initiative seeks to advance Dubai’s strategic objective of becoming one of the world’s top urban economies.
Business
UAE Ministry of Interior, Etihad Rail ink MoU to enhance cooperation
ABU DHABI, UAE - The UAE Ministry of Interior (MOI) and Etihad Rail Company, the developer and operator of the...
- The agreement builds upon the already strong relationship between the Ministry of Interior and Etihad Rail.
- The two parties will for enhancing readiness to confront security risks and threats, improving security and safety measures.
Business
French firm ENGIE’s investments in UAE projects nearly $12 billion
Development and operation of the Mirfa 2 Reverse Osmosis Independent Water Project, and the running of six power and water...
- ENGIE investments in the UAE are spread across multiple strategic and key projects, said Frédéric Claux, Managing Director Flexible Generation and Retail, Africa Middle East Asia.
- These include the development of the Al Ajban Solar PV, water desalination projects, battery storage and green hydrogen production.
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
Business
Company News
Latest News
Vance says Hormuz reopening details pending as Israel vows to stay in seized territories
Fresh questions emerged over implementation of the US-Iran agreement as negotiators grappled with security guarantees, territorial disputes and unresolved nuclear...
Geostrategy
Saudi Arabia’s inflation rises to 1.8 percent in May on higher rents
Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...
Economy
Eight Arab nations, $40.9bn impact: The World Cup’s economic power play
Beyond setting a participation record, the unprecedented Arab presence at the 2026 World Cup highlights the growing economic influence of...
Opinion
Most Read
Geostrategy
GCC youth population tops 23.5m as workforce presence expands
Dubai, UAE -- More than 23.5 million people aged between 15 and 34 lived across the Gulf Cooperation Council countries...
- Employed youth represented more than one-third of the GCC workforce in 2025, reflecting continued labour-market expansion.
- Share of young people outside education, employment or training fell steadily, indicating stronger social and economic participation.
Geostrategy
US and Iran agree to ‘immediate’ end to military operations, will sign MoU in Switzerland
The content of the agreement, which follows weeks of fraught negotiations and periodic threats from Trump of fresh hostilities unless...
- The agreement, brokered with the help of Pakistan, was announced after weeks of conflict between the United States and Iran.
- Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed that a ceasefire would take effect immediately and said negotiations on a final agreement would continue for 60 days.
Analysis
Dubai property market cools speculation but retains underlying strength
After a record-breaking 2025, the Emirate’s market has found a new level and a new temperament., writes Charles Philion, founder...
- Secondary market activity shrank as purchasers pursued genuine discounts, signalling greater selectivity and tougher negotiations across communities.
- Rising construction costs are emerging as the key risk, potentially affecting project timelines and developer profitability.