Dubai

Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.
  • Dubai receives 1.77m international tourists in January this year

    Dubai, UAE--Dubai welcomed 1.77 million international tourists in January 2024, an increase of 21% compared to 1.47 million visitors in the same period of 2023. According to the Dubai Tourism Performance Report for January issued by the Dubai's Department of Economy and Tourism, Western Europe ranked first in terms of...
  • Dubai becomes world’s first paperless government

    The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai Government entities.
  • Stolen Maradona watch found in India

    Indian police have recovered a stolen watch customized for star footballer Diego Maradona and arrested a suspect behind the alleged theft in Dubai, officials claimed Saturday.
  • Saudi markets rocky, Abu Dhabi index loses ground

    The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.
  • Dubai Financial Market announces new trading hours from 3 Jan 2022

    Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...
  • Dubai’s carbon emissions have fallen by 22 percent in 2019

    Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support the green economy of the emirate, said Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy. Al Muhairbi was attending the Dubai Supreme Council of Energy's 67th...
  • Tecom to be listed on DFM

    It is part of a strategy to help DFM reach the AED3-trillion mark
  • DEWA launches EV Green User Dashboard

    The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.
  • ENOC plans Dubai compact stations

    The first compact station opened at Dragon Mart 2 this month.
  • Emirates, Al Jazeera among 44 GCC brands to win World Branding Awards 2021-2022

    A total of 44 GCC brands, which include Emirates, Aljazeera, and ADNOC Distribution, figure in the 2021-2022 World Branding Awards. More than 5,300 brands from over 60 countries were nominated for the awards across multiple categories. Of these, only 500 brands were declared winners. The Virtual Awards Ceremony welcomed over...
  • UAE seeks to diversify economy beyond oil

    With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a major financial, transport and media hub in the space of a few decades. Known for its glitzy shopping centres and its forest of skyscrapers, it has become a major tourist...
  • $1.03 billion Dubai housing project unveiled by Sheikh Mohammed bin Rashid

    A total of 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas under AED3.8 billion ($1.03 billion) housing projects in Dubai. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the projects that also include an AED 500...
  • GreenDome of UAE buys out Elite Co. for an unknown sum

    GreenDome Investments has bought out Elite Co. from Prama Holdings, in a deal representing one of the region’s largest acquisitions in the logistics market.
  • Sophia Lauren names cruise ship MSC Virtuosa at Dubai’s Mina Rashid

    Dubai hosted the naming ceremony of a cruise ship, MSC Virtuosa, which was officially named by Hollywood star Sophia Lauren in the presence of Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Council for Border Crossing Points Security. MSC Cruises, the world’s third-largest cruise operator and part...
  • Dubai introduces ‘electronic notary public’ after amending the law

    Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away with the need for the presence of a person at the office of the notary public. The 'electronic notary public' comes into being after an amendment to Dubai's Notary Public...
  • Dubai and Abu Dhabi to vie for Gulf Capital’s offering

    Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022.
  • Arrival of a ship carrying 1,200 passengers marks start of Dubai’s cruise season

    The arrival of the 252-meter-long cruise ship, AIDAbella, at Dubai Harbour on Friday marked the start of the cruise season at Dubai's seafront district. Carrying 1,200 passengers and 600 crew members, the ship's arrival also marks the official debut of the region’s most modern and largest, standalone dedicated twin cruise...
  • Dubai sees $1.9b weeklong real-estate transactions

    The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.
  • Dubai ranks first in Arab world in Innovation Index

    The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city level assessment of innovation which has influenced a raft of new measures, including strategies policies and procedures introduced in areas that include public private partnerships, robotics, blockchain, artificial intelligence, the...
  • dnata expands to Africa

    It has set up operations in Zanzibar with $7m investment.
  • Dubai October realty sales $3.57 billion, highest in eight years

    Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, boosted the Dubai real estate market that registered the highest number of transactions, worth AED13.12 billion ($3.57 billion), in the past eight years. According to the data of the 20th edition of Mo’asher, Dubai’s official sales...
  • Trade between Dubai and Israel grows to $700m

    Trade between Dubai and Israel has grown to $700 million since September 2020 when the Abraham Accords were signed.
  • Dubai International Financial Centre Courts first fully digital court in emirate

    The Dubai International Financial Centre (DIFC) Courts said on Monday that all its internal processes and customer-facing services were now operating fully digital. Following the launch of the Dubai Paperless Strategy in 2018, the DIFC Courts accelerated the integration of all services into its extensive digital infrastructure, DIFC said in...
  • Morikawa first American winner of Race to Dubai

    World number two Morikawa made five birdies in his last seven holes at Jumeirah Golf Estates' Earth course to close with a six-under-par fourth round and a winning total of 17-under-par 271.
  • Dubai approves 55,000 business licenses in 2021

    More than 55,000 new business licenses were issued during the first ten months of 2021 by the Business Registration and Licensing sector at Dubai’s Department of Economy and Tourism.
  • Dubai Index surges 80 percent, Saudi losses continue

    Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs for 10 government-backed companies.
  • Dubai launches five-year multi-entry visa for MNCs

    The visa will enable MNC employees to participate in events, conferences, training courses, exhibitions and similar activities hosted in the emirate by these companies.
  • Monshaat attends franchise forum to promote Saudi brands globally

    Saudi Arabia's General Authority for Small and Medium Enterprises (Monshaat), represented by the Commercial Franchise Center (Emtiyaz), is participating at the International Franchise Forum in Dubai, providing 10 Saudi brands an opportunity to franchise their brands and expand globally. The Forum was launched on Tuesday and will run for two...
  • Emirates to retrofit 105 aircraft with Premium Economy product from 2022

    Emirates announced at the Dubai Airshow 2021 on Tuesday that it will retrofit 105 of its modern wide-body aircraft with its Premium Economy product, in addition to other cabin enhancements. The 18-month retrofit program, scheduled to begin at the end of 2022, will be entirely conducted at Emirates’ Engineering Centre...
  • Dubai Airshow Day 2: UAE military inks $3bn deals

    The deals were signed with one local company and four others from around the world.
  • Expo opportunity to boost UAE-Monaco cooperation: Prince Albert II

    Prince of Monaco, Albert II has called Expo 2020 Dubai a "great opportunity" to enhance the cooperation between his country and the UAE besides establishing links with other countries. Speaking on the sidelines of the celebration of the National Day of Monaco at Expo 2020 Dubai, he said that UAE...
  • EDB and Dubai IE sign pact to offer UAE exporters access to finance

    Emirates Development Bank (EDB) has signed a strategic agreement with Dubai Industries & Exports (Dubai IE) to provide innovative financing and banking solutions to SMEs and corporates The initiative is aimed at supporting the growth of UAE’s industrial sectors and exports. Ahmed Mohamed Al Naqbi, CEO of EDB, said EDB...
  • Emaar property sales at $5.7bn

    Emaar Development sales were AED20.943 billion in Jan-Sept 2021.
  • Israeli weapons-maker Elbit Systems launches UAE venture

    Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead of visits to Dubai by senior Israeli military officials. The manufacturer of the Hermes armed drone and cutting-edge surveillance technology, among other products, hailed the announcement as a product of...
  • Airbus takes off with big order of 255 aircraft on first day of Dubai Airshow

    Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking the first major deal of its kind since the pandemic began. The European plane-maker's announcement came shortly after its American rival Boeing said it would fulfill an order to convert...
  • UAE and Brazil discuss ties, sign several agreements

    The discussions took place between Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum and Brazil President Jair Bolsonaro at Expo 2020 on Saturday. The meeting saw the signing of several agreements and MoUs between the two sides.
  • Climate and Covid recovery loom large over Dubai air show

    Airlines are still deep in the red, with losses expected to extend by another $51.8 billion this year.
  • This week, Gulf markets closed on a high

    Stock markets in the Arab region were mostly in the green in the week gone by.
  • Dubai Chamber identifies UAE-Indonesia trade opportunities

    There appears to be plenty of scope for Indonesia to expand its cooperation with the UAE in the area of food security. The Southeast Asian country was the seventh-largest food exporter in the world in 2020, while the UAE imports about 80 percent of its food requirements.
  • DP World launches e-commerce site Dubuy in Kenya

    Dubuy.com aims to provide Kenya a secure and reliable way for its businesses to grow.
  • Dubai’s Mashreqbank hit with $100m fine in US

    The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to ensure its overseas branches comply with US sanctions.
  • Dubai non-oil economy surges to two-year high in October

    Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity at the start of Expo 2020. The seasonally adjusted IHS Markit Dubai Purchasing Managers' Index climbed to 54.5 in October, from 51.5 in September, marking the sharpest improvement in business...
  • Expo 2020 receives 3m visits in first five weeks

    It has just been a little more than a month and Expo 2020 has received some three million visits, since it began in a grand fashion on October 1.
  • Colombia starts business forum at Expo 2020

    The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020 Dubai as part of the Colombian national strategy to take advantage of Free Trade Agreements and to promote the exports of the country’s companies.
  • Dubai arbitration center board gets ruler nod

    Sheikh Mohammed bin Rashid Al Maktoum has directed the Board of Directors of DIAC to establish Dubai as a leading global center for alternative dispute resolution within the next three years, and ensure it maintains the highest standards of efficiency and transparency.
  • MENA marinas attract luxury yachts

    The Middle East now accounts for more than 12.6 percent of the world’s luxury yachts as the services match the most renowned marinas across the globe. Dubai's foreign commerce in marine-related items, for example, increased by 30 percent in the first half of 2021, adding that Dubai has 17 marinas...
  • MEASA’s biggest food processing and packaging show opens in Dubai

    Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA), opened on Sunday at the Dubai World Trade Centre. The show is geared toward driving smart innovations in food manufacturing and reigniting live, face-to-face big business opportunities over the next...
  • Dubai court orders Marka managers, directors to settle $122m debt

    A Dubai court has ordered the managers and directors of Marka Holdings to repay the company’s AED448 million (around $128 million) debt as part of bankruptcy proceedings.
  • Air France inks Dubai deals

    It has signed sustainable aviation fuel deals with Dubai firms.
  • Dubai to merge economy and tourism departments

    Dubai intends to merge the departments of economy and tourism in order to attract some 25 million tourists by 2025 and to widen the emirate’s foreign trade. The merged entity will be headed by Helal Al Marri.
  • UAE stocks lead higher, mixed show by Saudi index

    TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4 billion in Q3.