In its Q3 review, the apex bank attributed the upward review to the robust performance of some non-oil sectors, including tourism, hospitality, real estate and manufacturing.

Dubai real estate market recorded 476 sales transactions worth AED1.17 billion, in addition to 92 mortgage deals of AED181.95 million.

The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan.

The 50-year lease was signed with Star Paper Mill.

ABU DHABI, UAE  - UAE Ministry of Climate Change and Environment (MOCCAE) launched the roadmap for the National Carbon Sequestration Project, which aims to plant 100 million mangroves in the country by 2030.  This is as part of its efforts to implement the UAE's strategic initiative to achieve Net Zero...

Tadweer's full share ownership was transferred to ADQ.

ALTAWKILAT is one of the largest automotive distributors in Saudi, with over 75 years of experience.

According to CBUAE's figures, debt securities accounted for 49.5 percent of these investments, hitting $66 billion.

The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank upped their interest rates by 50 basis points.

The two offshore jack-up rigs will be bought for $200 million.

The report cited recent economic indicators suggesting strong growth has been maintained in most activities.

ABU DHABI, UAE - Members of the Consultative Council of UAE's Financial Restructuring Committee (FRC) has met with experts from the World Bank Group (WBG).The meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law, which is being implemented as a joint project...

The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report.

The MoU will enable SMEs access to financing options.

ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) said that the registration of insured individuals in the private sector with the authority is the first step towards receiving benefits as part of GPSSA’s social insurance system. This is in addition to benefits provided by the NAFIS...

The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.

The decision has been taken to support local production while the government continues to embrace open trade policy.

Cities across Europe and North America, and their infrastructure, service and hospitality are pale in comparison to the Arab region – particularly Gulf countries, writes Julien Hawari.

Abu Dhabi, UAE— The G20 Interfaith Forum (IF20), the world’s leading organisation focused on the intersection of faith and policy at the G20 level, will be convening a global forum in Abu Dhabi on December 12-13, 2022. The UAE is hosting the event as part of its ongoing initiatives to...

ABU DHABI, UAE - As part of its participation in the first edition of the Abu Dhabi International Food Exhibition (ADIFE), the Abu Dhabi Chamber of Commerce and Industry (ADCCI) signed three Memoranda of Understanding (MoUs) with local and regional parties. The parties included the Emirates Development Bank, Abu Dhabi...

The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices.

This represents Bombardier’s first full-service facility in UAE.

The merger creates Abu Dhabi’s largest integrated staff accommodation company.

The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space sector.

Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector.

The three sectors help the regional economies grow and offer better life to people, Takreem founder Ricardo Karam tells TRENDS while discussing various topics, including awards

It is possible to take advantage from the discoveries provided by space projects to boost our development for the benefit of humanity. There is an urgent need for closer cooperation among all, especially with regard to issues and challenges facing the planet such as climate change, he adds.

Propelled by First Abu Dhabi Bank, the Abu Dhabi index shot up 1.5 percent, reversing losses of three consecutive days even as Saudi index shed it gains on concerns about decline in crude oil prices.

The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf country is determined to forge a world where prosperity is commonplace.

Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas in 2022.

The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata.

The Non-performing Debt Relief Fund will settle the money owed by Emiratis to 17 banks and institutions.

ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan has said that November 30 is a day that strengthens people’s loyalty to the UAE while remembering the heroes who made the ultimate sacrifice for their country. In a statement to mark Commemoration Day, observed on November 30, Sheikh...

ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in the subscription of initial public offerings (IPOs) that were issued this year through its mobile app. ADIB said that 80 percent of clients subscribed IPOs that were issued in 2022...

ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a rise of 250 percent compared to the 1.3 million passengers in Q3 2021. Abu Dhabi Airports, the operator of the five airports in the Emirate of Abu Dhabi, in its...

The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022 which hit 11.7 percent compared to the same quarter last year, according to Statistics Centre-Abu Dhabi (SCAD).

The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.

Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in developing their ideas into innovative digital and technological applications that will contribute to a sustainable economy. The Memorandum of Understanding (MoU), signed between COAD and Prototype Interactive, allows inventors to...

ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first permanent livestock auction market in Abu Dhabi to help breeders market their animals, develop the livestock sector and promote self-sufficiency. During a press conference, ADAFSA announced that the first auction...

Abu Dhabi, UAE---Poland has opened a representative office in UAE capital Abu Dhabi to fuel the growth of bilateral trade and investments between the two countries. The announcement of the launch was made at the Poland Business Forum, which started on Friday with the aim of discussing the prospects of accelerating...

The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead partner.

The company is the largest quick service restaurant operator in MENA.

ABU DHABI, UAE - Insurance shares distributed among beneficiaries is one of the most essential privileges in the Federal Law No. 7 of 1999 for pension and social security, said the General Pension and Social Security Authority (GPSSA) on Thursday. The authority stressed that shares are distributed to the daughter,...

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones to integrate and create a unified database of economic licenses in the Emirate of Abu Dhabi. These include KEZAD Group, which consist of 12 economic zones, Abu Dhabi Airports Free...

The 252,000 square metre fulfilment centre facility is being designed and developed by KEZAD Group under a Build-to-Suit agreement.

ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation training program for legal researchers. The 'Certified Government Legal Advisor' program was implemented in cooperation with Abu Dhabi School of Government (ADSG), with a total of 554 training hours and...

ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and US-based Eversight, a non-profit, partnered to establish the UAE’s first eye and tissue bank. The pact will lead to the creation, development and operation of a comprehensive and seamless eye...

Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office outside of China.

The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions by 2050 agenda.

The agreements included one between the foreign affairs ministries of the two countries and an MoU in the agricultural and food security sector.