Economy

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Dubai’s position as international events destination reinforced in 2022

The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the...
  • The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the Skift Global Forum
  • Expo 2020 hosted global business and leisure events across 2022 including Gulfood, the World Government Summit, Binance Blockchain Week, Gitex Global Dubai

Dubai receives 14.36mn international visitors in 2022

The latest data from the United Nations World Tourism Organisation (UNWTO) shows that global tourist travel in 2022 was 37...
  • The latest data from the United Nations World Tourism Organisation shows that global tourist travel in 2022 was 37% lower than 2019
  • The Middle East saw the strongest relative increase, with arrivals climbing to 83 percent of pre-pandemic numbers.

Middle East talent hunt pits UAE against Saudi Arabia

The two biggest economies of the region are leaving no stone unturned to hire the most talented professionals in order...
  • Corporate groups are enticing chief executives from corporations in the West with an array of choices, including large joining bonuses and buying out extended notice periods
  • Recruiters hiring for Saudi Arabia have a harder time though to convince professionals to relocate to the kingdom than do headhunters recruiting for the UAE

Preserving natural resources crucial for future generations, reiterates key UAE official

The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by...
  • Protecting and preserving natural resources for future generations is very important and the UAE is committed to achieve sustainability, says an official
  • The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by the late Sheikh Zayed Al Nahyan, he adds

Dubai’s government, private sector to discuss future at Innovation Talks

DUBAI, UAE - The Innovation Talks series will bring together heads and representatives of Dubai government departments, and experts from...
  • The three-day Innovation Talks series will include keynote sessions and knowledge seminars.
  • The series emphasizes the importance of innovation, especially in providing services and increasing the effectiveness of procedures.

Dubai Customs, Dubai Chambers discuss support for private sector

DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting  businesses and the private sector and enhance the emirate’s competitiveness...
  • Dubai Customs, Dubai Chambers discussed their shared plans and strategies, including the electronic integration of services.
  • They also discussed the development of new services to consolidate Dubai’s position as a major global economic hub in the next 10 years.

SEDD discusses cooperation with Matajer

SHARJAH, UAE - Sharjah Economic Development Department (SEDD) received a delegation from Matajer - one of the most important commercial...
  • SEDD contributes to planning and leading the economic development of the emirate.
  • The department contributes to strengthen the partnership between government and private sector.

Passion for football catapults housebound Jordanian to stardom

Abu Nawas grew up spending much of his time watching football matches, analysing the teams and playing football video games.
  • Abu Nawas's videos usually feature him wearing a football jersey, excitedly commenting on matches and news from the world of football
  • He lamented that in Jordan "nobody cares" about people with diseases like his, and said he wished he had had the opportunity to attend school

Dams fulfill GCC’s water needs, boost economies

More dams are being built in the region to shield the residents against floods, offer a lifeline during drought and...
  • More dams are being built in the region to shield the residents against floods, offer a lifeline during drought and work towards food sufficiency by enhancing agriculture output
  • Seen as a major step towards green transition, dams in the Gulf countries are also helping in conserving water resources, feed or recharge the aquifers and natural springs

‘UAE is committed to achieving sustainability’

ABU DHABI, UAE - Ruler's Representative in Al Dhafra Region and Chairman of the Board of Directors of the Environment...
  • Abu Dhabi attaches high priority to protect the environment and preserve natural resources.
  • Sheikh Hamdan also highlighted the emirate and the EAD's journey in promoting sustainability and preserving the environment.

Abu Dhabi’s non-oil foreign trade grows by 9% in 2024 to $83bn

Abu Dhabi, UAE --  Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024,...

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UAE ranks first in Middle East, 4th globally as remote work destination

Dubai, UAE -- The UAE has ranked first in the Middle East and fourth globally as a leading destination for...

Innovative solutions crucial for marine conservation

The MENA Oceans Network, launched at the COP28, marks a pivotal step in addressing urgent ocean-related challenges in the region,...

Plan to end e-vehicle subsidies sparks anger in Germany

BERLIN, GERMANY -  The German government on Sunday faced a backlash after abruptly ending an electric car subsidy scheme in a...

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COP28 initiatives to narrow climate finance disparity

Antoine Samaha of BCG applauds the launch of a Loss and Damage Fund for developing countries, emphasizing the need for...
  • At COP28, a significant focus was placed on climate finance, with the establishment of a Loss and Damage Fund to aid developing countries.
  • Antoine Samaha of BCG underscores the urgency of securing more funds and ensuring its equitable distribution to combat climate change.

Volunteers offer help to Arab-Israeli farmers amid Gaza war

Baqa al-Gharbiya, Israel--In Baqa al-Gharbiya, an hour's drive from Haifa, city folk have temporarily traded pens for boots to aid farmers...
  • Many people, lawyers or teachers, have joined hands to help Arab-Israeli farmers in the harvest as there is a shortage of labor force because of the war
  • Volunteers were picking cucumbers, placing seedlings on stakes, and were preparing for the strawberry harvest when the rains interrupted them

D33 Economic Agenda helps Dubai’s tourism thrive

“Dubai’s robust partnerships with leading travel and hospitality companies are key to fostering the growth of this crucial sector, both...
  • Dubai's tourism sector plays a pivotal role in the city's economy, with a record 13.9 million visitors in 2023.
  • Under the D33 Agenda, Dubai is not only advancing in tourism but also focusing on sustainability,