The emirate’s solar energy capacity has increased by over 100 times in the past decade, and the cost of solar energy has fallen dramatically. It is now one of the cheapest places in the world to generate solar power.

The operating income of the group rose to US$234 million.

The company posted a 44 percent growth in revenues for 9M-period.

Dubai, UAE - Dubai government's general budget for the fiscal cycle of 2024-2026 includes total expenditures of $67.16 billion (AED 246.6 billion), reflecting the emirate's commitment to stimulate economic recovery and growth.A total of 34% of total government expenditures of the 2024 budget goes to the social development sector in...

Dubai, UAE-- Describing the COP28 as a huge moment for the world and the UAE, Andrew Griffith, Economic Secretary to the UK Treasury, said the whole world's eyes "will be here."Speaking to the media in Dubai, he said that sustainable finance will be central to the global event. He hailed...

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and Emirati private sector employees to raise awareness on Emiratization-related decisions and initiatives in the country.The guidebooks also provide information on the benefits provided by both the Ministry and Nafis to...

Dubai, UAE - Middle East powers should maintain their push to de-escalate the region through trade and economic ties despite the Israel-Hamas war, a senior United Arab Emirates official said on Saturday.The sudden flare-up in Gaza, after a deadly attack by Hamas, follows a period of fence-mending in the region including by...

Firm paid cash dividend of US$115 million.

DUBAI, UAE –The Dubai Customs apprehended a traveler arriving from a European country who was trying to smuggle various small drugs that were cleverly concealed within his luggage.The items included 292 hallucinogenic pills, five hallucinogenic stamps, 13.84 grams of hallucinogenic powder, 7.38 grams of crack cocaine and 274.59 grams of...

DUBAI, UAE - Bahrain has recalled its Ambassador from Israel and decided to suspend economic relations with Tel Aviv in a show of support for the Palestinian people.Bahrain’s move comes amid Israel’s actions in the Gaza Strip, the Council of Representatives which is the lower house of parliament of the...

The MoU will enable UAE-based firm to enter Angolan market.

The first proposed interim dividend is of $81 million.

To encourage renewable energy, Iraq's Central Bank in 2022 announced the allocation of $750 million in almost zero-interest loans for individuals and private companies adopting solar power. But the initiative is "stalling due to a lack of cooperation from banks", according to Mohamed al-Duleimi, an expert in renewable energies.

Dubai's evolution from a simple fishing village to a premier global tourist hub is credited to its innate advantages, deliberate investments, and cohesive destination development.

Abu Dhabi, UAE - Setting up a "loss and damage" fund for poorer nations hit by climate change dominated preliminary talks on Tuesday, one month before COP28 in Dubai where delegates look set to tussle over the future of fossil fuels.Around 70 ministers have gathered since Monday at the Emirates Palace,...

Dubai, UAE -- Dubai recorded 116,116 real estate transactions worth AED 429.67 billion ($116.98 billion) during the first nine months of 2023, recording more than 36.7 percent in value and 33.8 percent in the number of transactions compared to the same period in 2022.Real estate investments also witnessed steady growth...

Dubai's transformation from a humble fishing village to a global tourist powerhouse is nothing short of remarkable. Just decades ago, it was a budding coastal town with limited allure. However, the discovery of oil in the 1960s ignited a metamorphosis, with the government astutely channeling wealth into infrastructure, iconic landmarks,...

It posted a profit of $630 million in January-September 2023.

Paris, France -- Facing record-shattering temperatures and a geopolitical tinderbox, countries are scrambling to lay the groundwork for crucial UN climate talks next month tasked with salvaging global warming goals laid out in the landmark Paris deal.Ministers meet next week in the United Arab Emirates to grapple with flashpoint issues, including...

Cities like Dubai and Riyadh are harnessing AI to redefine every facet of property dealings, from development to management, Tripler CEO Sam Singh tells TRENDS.

RIYADH, SAUDI ARABIA - GFH Capital is considering the offering of its unit in Saudi Arabia on the Tadawul.GFH Group's plans are unchanged with regard to listing in other markets, CEO Razi Al Murbati said.The group is listed on the stock exchanges of Bahrain, Dubai, Abu Dhabi and Kuwait, indicating...

Dubai, UAE -- Dubai has retained its leading position in the MENA region on Kearney's Global Cities Index, ranking 23rd globally and claiming a spot in the top 25 for the third consecutive year.According to the report, prominent emerging hubs around the world, particularly in the Middle East, have seen...

The company had reported a net profit of $540 million for Q2.

The bank's income increased by 35.4% year-on-year.

From the metaverse allowing virtual experiences to the use of AI in training, Jamaica is at the forefront of integrating technology into its tourism sector, the minister tells TRENDS.

MoU to enhance digital solutions for efficiency.

Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the future of education in the emirates.The MoU was signed by Dr. Fahad Al Saadi, HBMSU Vice Chancellor, Learners Development, and Kamran R. Kardan, Founder and Chief Executive Officer of Knowledge...

DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since the beginning of this year, with a total value of US$2.3 billion (Dhs8.6 billion).The study based on data from the Dubai Land Department showed that the largest land sale deal...

The emirate's pro-business policies, dedicated trade zones, and emphasis on tech innovation position it as a premier financial hub, George Pavel of Capex.com tells TRENDS in an interview.

Dubai, UAE - Egyptian comedian and TV host Bassem Youssef's recent interview with British TV host Piers Morgan has garnered widespread attention due to his impassioned and satirical take on the Israel-Hamas conflict. When asked about his views on the deadly Hamas attacks on Israel, Youssef, while acknowledging the "terrible" nature...

This is the real estate giant's first office in the UAE.

Dubai, UAE - Global tech giants such as Google, Microsoft, Zoom and Huawei are among more than 6,000 businesses displaying their latest advancements in fields like artificial intelligence, cybersecurity, mobility and sustainability at the 42nd annual GITEX Global, the biggest tech event of the year.Spanning a five-day extravaganza, the event...

The 57-member Organisation of Islamic Cooperation denounces Israel's backers for granting the country "impunity in its war in Gaza, taking advantage of the double standards that provide cover for the occupying power".

Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA) to deliver state-of-the-art cyber security services to various government entities across Dubai.As part of this agreement, Moro Hub will extend its comprehensive suite of managed cyber security services to safeguard...

Its net profit rose to US$9.53m in the first nine months of 2023.

Dubai, United Arab Emirates – Considering opposing views, exchanging ideas and developing pathways for collaboration are essential to improving lives and protecting the planet in an increasingly polarized and fragmented world. That was the key message of the opening sessions of the World Economic Forum’s Annual Meeting of the Global...

Dubai, UAE -- in5, part of TECOM Group and an innovation and entrepreneurship hub in the region, has witnessed a 20 percent increase in the total funding raised by start-ups within its ecosystem since its inception, surpassing AED 2.9 billion ($789 million).In the first nine months of 2023, a total...

GITEX, Dubai's premier tech event, kicks off its 43rd "Technology Week" at the Dubai World Trade Center, spotlighting the latest innovations, trends, and tech breakthroughs.

Dubai's fintech expansion, the enticing Golden Visa program, competitive tax structures, a talented workforce, and a robust real estate sector collectively amplify its allure on the global stage.

DUBAI, UAE – The Emirate's economy grew 3.2 percent in H1 2023 to reach US$60.9 billion (AED223.8 billion). The performance was driven by a 3.6 percent growth in real GDP in Q2 2023.Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum hailed the strong performance of the...

Vienna, Austria--The UAE’s economy remains robust, with constant contributions from the non-oil sector, especially from tourism, leisure, and real estate, according to the OPEC’s Monthly Oil Market Report (MOMR) for October 2023.MOMR noted the UAE’s tourism sector, which accounts for more than 16% of the country’s GDP, continued to rebound...

Dubai is prioritizing renewable energy, sustainable design, water conservation, and biodiversity protection. Its commitment to a sustainable future showcases its dedication to preserving the environment.

Dubai, UAE -- A total of 1,659 real estate transactions worth over AED 12.9 billion ($3.51 billion) were conducted during the week ending 13th October 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 297 plots were sold for AED 5.08 billion, while 1,362...

Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy, sustainable industrial development and advanced technology – areas where the UAE and US already share a successful track record.The discussion on the boosting of ties came up in a meeting...

The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and relentless drive for excellence, the city epitomizes the boundless opportunities available for those with a pioneering mindset and a passion for innovation.

Dubai, UAE -- Despite global economic uncertainties, the construction industry in the Middle East and North Africa (MENA) awarded a staggering $101 billion worth of projects in the first half of 2023, a report by JLL's Construction Market Intelligence said, based on insights gathered from industry experts and sources.The lion's...

Dubai's iconic skyline and architectural marvels have garnered global attention, offering stunning views for visitors and residents alike. This allure has attracted many to work, live, and invest in the emirate, solidifying Dubai's reputation as a thriving, futuristic metropolis where visionary projects come to life.

DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate attracting 511 such projects in H1 2023, as per Financial Times ‘fDi Markets’ data - the comprehensive online database on cross-border greenfield investments.Dubai continues to set new benchmarks in global...

DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering the seamless operation of e-commerce activities.It also aims at solidifying Dubai's position as a global e-commerce epicenter, aligning with the strategic objectives of the Emirate’s economic agenda.The meeting was attended...

Dubai, UAE - The majority of Arab youth are against the normalization of relations with Israel, with Palestinians and Iraqis being the most vehemently opposed, the 2023 Arab Youth Survey reveals.However, those from the UAE, Morocco and Egypt are supporting it. What is more, the normalization is opposed by the 98% of...