The move aims to optimize financing costs.

Washington, United States -- The United Arab Emirates has informed the United States that it will not arm paramilitaries in Sudan's brutal civil war, US lawmakers long critical of the Gulf power's role quoted the White House as saying on Thursday.The assurance came as the United States announced $200 million in...

Ras Al Khaimah: Ras Al Khaimah seeks to welcome 3.5 million tourists annually by 2030, says Raki Philipps, CEO of Ras Al Khaimah Tourism Development Authority.In his address at a recent forum in the northern emirate, Phillips highlighted that tourism is Ras Al Khaimah’s fastest growing sector, contributing 5% to the GDP...

Dubai, United Arab Emirates -- The United Arab Emirates, home to the regional headquarters of numerous multinational companies, said Monday it would introduce a 15 percent tax rate on corporate profits from January 2025.The move will bring the UAE in line with efforts towards a global minimum corporate rate."This strategic step...

London, United Kingdom -- Britain's leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking to attract investment from the region's oil-rich states, Downing Street announced.Starmer will first visit the United Arab Emirates and then travel to Saudi Arabia, before stopping off in Cyprus on...

While developing countries paid a record US$1.4 trillion to service debts, the non-oil sectors in the GCC countries are fueling growth and diversification,

Cities must adopt EVs alongside shared transport, robust infrastructure, clean energy, and inclusivity, says Jamie Wylie, an urban mobility expert.

The real power of AI lies in its careful deployment across diverse business functions, and the UAE is primed for this transformation, according to recent report from ServiceNow and Oxford Economics

US president says ceasefire takes effect on Wednesday at 4:00 AM Beirut time, as Lebanese officials accuse Israel of trying to inflict maximum damage through a wave airstrikes in Beirut before the truce deadline.

"This murder was carried out in the UAE. The murder of an Israeli citizen and a Chabad emissary, is an abhorrent anti-Semitic terrorist attack," Benjamin Netanyahu said at the start of a cabinet meeting. Israeli officials did not provide any details about the circumstances of Kogan's murder.

For the nine-month period, net profit increased by 73.3%.

The record profit is subject to new 9% corporate tax for the first time.

The proceeds make it the largest UAE IPO of 2024 to date.

Unlike other automation platforms that redirect customers to third-party websites, Altegio keeps booking processes within the client’s own ecosystem.

The company said this was a 54.9 percent YoY increase in net profit.

Abu Dhabi, UAE -- The UAE has witnessed a 37% increase in greenfield investments in 2023 to reach US$16 billion, driven mainly by business services and software and IT Services, which created a significant number of jobs and attracted substantial capital, said Mohammed Abdul Rahman Al Hawi, Under-Secretary of the...

The two countries have adopted a people-centric and collaborative upskilling approach, says Till Leopold, Interim Head of Knowledge Communities at WEF.

The UAE has agile governance and it is not beholden to short-termism, Maroun Kairouz, Head of Regional Agenda for the MENA region at WEF, tells TRENDS.

The UAE and Saudi Arabia’s trade with China and India far exceeds their trade with the US and UK. This shift highlights the growing importance of BRICS partners in the Arab economic strategy, signaling a rebalancing of trade priorities to ensure sustainable growth, economic resilience, and diversified global partnerships.

UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will also attend BRICS Summit in the Russian city of Kazan.

With temperatures regularly topping 40 degrees Celsius, outdoor activities are severely limited. More than one million people have visited the night beaches since last year.

Dubai, United Arab Emirates -- US casino operator Wynn has received the first commercial gaming operator's license to be issued in the United Arab Emirates where gambling is currently banned.The license was issued by the General Commercial Gaming Regulatory Authority, which was set up last year to allow for commercial gaming...

Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific Amateur Championship will be contested at Emirates Golf Club’s Majlis Course in Dubai, United Arab Emirates (UAE), 23-26 October 2025. The Championship will return to Dubai and the Middle East...

Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement of the Ras El Hekma project and the participation of Emirati companies in its expansion and growth plan. This project is one of Egypt’s most ambitious coastal city developments.Located approximately...

Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar, Saudi Arabia, and the UAE, reassure Iran of neutrality in the conflict between Tehran and Israel.

Abu Dhabi, UAE -- Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion) as a result of purchases during the first nine months of this year, distributed by AED 15.6 billion in the Abu Dhabi market and AED 2.64 billion in the Dubai...

Doha, Qatar - Qatar has emerged as the leading player in the Middle East tourism sector, boasting an impressive 147% increase in tourist arrivals during the first half of 2024 compared to pre-pandemic levels, as reported by UN Tourism. This growth positions Qatar ahead of its regional competitors, with Saudi...

Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling over 71.7 million travelers compared to 62.8 million in the same period last year, latest data issued by the Central Bank of the UAE (CBUAE) showed.“Passenger traffic at the Abu...

‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and Sudan. Our ongoing defense and counterterrorism cooperation makes our countries and the world more secure. U.S. and UAE troops have stood shoulder to shoulder in six conflicts over the last...

The banking sector in the country maintained strong capital adequacy, exceeding Basel 3 requirements, according to the Central Bank.

Experts from the United Nations have warned that Israel might become a pariah state, and its UN membership is under question as Tel Aviv continues to commit genocide in Gaza killing more than 40,000 people since October 7, 2023. Experts also reprimanded the Western countries for double standards on Netanyahu’s...

Dubai, UAE -- Dubai Corporation for Tourism and Commerce Marketing (DCTCM) has confirmed that 25 percent of visitors to Dubai are repeat visitors, reflecting their satisfaction with the experience the city has to offer.Speaking at a keynote session on the second day of the Dubai AI and Web 3 Festival,...

Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) revealed that total banking assets, including bank acceptance certificates, rose to AED 4.31 trillion ($1.16 trillion) at the end of June, a month-on-month increase of 0.5 percent, compared to AED 4.28 trillion in May 2024.In a report entitled "Monetary and...

Dubai, United Arab Emirates - In a Dubai recording studio, hijab-clad Ghaliaa Chaker tunes her guitar and belts out original songs as she builds a career that is turning heads for more than just her music.The 26-year-old Syrian, who was raised in the United Arab Emirates, has become a social media...

Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of the A350 fleet". The first A350 was delivered to Qatar Airways at the end of 2014. A total of 87 A350-1000 aircraft are currently in service worldwide.

The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic help among local and expatriate families.

Abu Dhabi, UAE -- The market capitalization of the top 20 listed companies in the local stock markets by market capitalization reached AED 2.8 trillion ($762.44 billion) by the end of this week, while further growth is expected in line with the markets' plans to double their market capitalization to...

The strategy focuses on risk-based compliance, international cooperation, effective supervision, and disrupting illicit financial activities through improved data collection, analysis, and regulation updates.

Paris, France -- Telegram chief Pavel Durov was spending Thursday out on bail after four days of detention in France, banned from leaving the country as he faces a possible trial related to illegal content carried on his messaging app.Russian-born Durov, dressed in black and wearing dark glasses, walked briskly out...

"The UAE is closely following the case of its citizen Pavel Durov, founder of Telegram, who was arrested by the French authorities in Paris–Le Bourget Airport," UAE foreign ministry said in a statement. Durov, the 39-year-old billionaire founder of the messaging platform, was arrested at the Paris airport late on...

Abu Dhabi, UAE -- UAE national carriers continued to expand their destinations for passengers, supported by the UAE's leading position as a preferred global destination for tourism and business, as well as the recovery in travel demand.National carriers are expected to continue to fly to new heights of growth in...

It became just the second country after China to do so. The UAE said it was committed to "building bridges" to help the Afghan people, after the Kabul foreign ministry announced on social media that new ambassador Mawlawi Badruddin Haqqani had been received in a ceremony in Abu Dhabi.

Abu Dhabi, UAE-- Abu Dhabi Airports has expanded its existing collaboration with Paris Airports Group (ACG) to focus on collaborating on the creation of the ground infrastructure needed to provide advanced air transport applications in Abu Dhabi.Based on the agreement signed between the two parties on the sidelines of the...

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of AED50.1 billion ($13.6 billion). Although the market continued to grow, the year-on-year increase slowed to 33% from 53% in June, reflecting a high base effect from the same period in...

Abu Dhabi, UAE -- The IPO market in the Middle East and North Africa (MENA) region remained resilient during the second quarter of this year, with 14 IPOs registering total proceeds of US$2.64 billion, up 45.3 percent compared to the same period last year.According to the Ernst & Young report...

Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international overnight visitors in the first half of 2024, marking a 9 percent increase from the 8.55 million visitors during the same period in 2023. The achievement is aligned with the...

Under the MoU, both parties will coordinate events aimed at strengthening ties between exporting companies from Dubai and Chile and supporting the expansion of these companies in both markets by creating promising business opportunities.

Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30, 2024, with net profit before tax growing to AED 195.4 million (USD 53.2 million), marking a significant 74 percent increase over the same period in 2023.The first half of 2024...

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million, India's Minister of State for External Affairs, Kirti Vardhan Singh, told Parliament yesterday.Indians are employed in a wide range of professions from highly qualified fintech, healthcare, information technology, engineering and...

Washington has said repeatedly that it opposes post-war government of Gaza by either Israel or Hamas and has called for a reformed Palestinian Authority to take charge instead. The Palestinian Authority has had no presence in Gaza since Hamas seized sole control of the territory in 2007.