ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council (GCC) countries will roll out a unified Gulf tourist visa within the next two years which will grant travelers, access to six countries. Al Marri said the seventh meeting of...

Washington has said it hopes China's friendship with Hamas-backer Iran could help calm the conflict, particularly after Beijing brokered a detente between long-time foes Tehran and Riyadh this year. China has refrained from explicitly condemning Hamas for the attacks that sparked the war.

Abu Dhabi, UAE - Aldar Properties achieved a 97% occupancy rate across its prime Grade A commercial properties, which includes its four buildings at Abu Dhabi Global Market (ADGM), HQ, and International Tower, the company said today. Occupancy rates at the towers located at ADGM, the international financial centre on...

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...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this year, registering 4,981 new companies through the end of the third quarter. With this increase, the Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn,...

Abu Dhabi, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan and Singapore Prime Minister Lee Hsien Loong Sunday discussed the relations and partnership between the two countries and explored avenues for its development to serve mutual interests. Additionally, they addressed a range of regional and international issues and...

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...

It's net profit was AED 26.5 million ($7.21m) in Q3 2023.

Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a powerful call to public and private investors to play a role in reshaping the world economy, and seize the emerging opportunities offered by the energy transition, transformation of the agrifood...

Abu Dhabi, UAE--Kazakhstan is keen to expand trade ties with the UAE, setting a target of $1 billion in mutual trade. Speaking to a media outlet in Abu Dhabi, Arman Shakkaliyev, Minister of Trade and Integration of the Republic of Kazakhstan, said: ‘’We got some great plans to unlimit our...

Riyadh, Saudi Arabia-- UAE President Sheikh Mohamed bin Zayed and Vietnamese Prime Minister Pham Minh Chinh have explored opportunities to further strengthen ties between the two countries in a meeting between the two leaders in Riyadh. The president and prime minister met on the sidelines of the joint summit between...

"Hosting global events serve as crucial platforms, uniting experts and specialists from diverse sectors. They offer opportunities for communication, opinion exchange, experience sharing, and showcasing the latest products and services. The major economic events hosted by the UAE play a pivotal role in bolstering various economic sectors," he adds.

Its revenues rose 77% to US$92m in the same period.

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city in Egypt. The non-stop flights will connect Sharjah International Airport with Sphinx International Airport with a frequency of five weekly flights starting from  December 6, 2023. Group Chief Executive Officer,...

This culture should recognize and value the contributions of women and prioritize their growth and development. By highlighting successful women as role models and offering mentorship and learning opportunities, we can dismantle barriers and empower women to thrive in this industry, adds the Chief People and Intellectual Capital Officer of...

Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets. The partnership between the two will focus on leveraging OpenAI’s generative AI models in domains where G42 already has deep expertise including financial services, energy, healthcare and public services. OpenAI...

Despite global economic challenges, the region showcased resilience in the first half of 2023, backed by a robust performance in the construction sector.

Abu Dhabi, UAE - ADNOC Gas on Wednesday announced a multi-year liquified natural gas (LNG) supply agreement, valued between $500 million (AED1.8 billion) and $700 million (AED2.5 billion), with JERA Global Markets, a trading subsidiary of JERA Co. This agreement builds on the long-standing relationship between the UAE and Japan...

Dubai, UAE--Masdar City and Huawei have signed a memorandum of understanding (MoU) to enable the UAE to power its way to net zero target. The agreement, signed today at GITEX GLOBAL 2023 by key Masdar City and Huawei leaders, will lead to knowledge-sharing and capacity-building in net-zero development, help reduce...

"The Gulf country is set to host the WTO's 13th Ministerial Conference in the first quarter of 2024 in Abu Dhabi. This event will position the UAE at the epicenter of discussions shaping global trade's future. Ossa underscored that this conference ranks among the most significant events in the WTO's...

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...

ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative foreign direct investment from the United Arab Emirates to Turkey has surged to $5.6 billion (AED 20.6 billion) from 2002 through August 2023. Speaking to the WAM during the eighth...

ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment Office (ADIO) with plans to commence air taxi operations in Abu Dhabi in 2026. As part of this initiative, ADIO plans to support Archer with incentives for establishing its first...

Dubai, UAE -- MENA venture capital funding in the third quarter saw $250 million raised across 78 deals, a 32 percent increase compared to Q2 of 2023, according to the Q3 2023 MENA Venture Investment Premium Report by startup data platform MAGNiTT. This contributed to $1.4 billion raised through 286...

Dubai, UAE - The Middle East and North Africa (MENA) banking sector has witnessed a remarkable 30% year-on-year increase in net profits and a substantial 12.2% growth in net assets, the EY MENA H1 2023 Banking Report revealed on Monday. Returns on equity increased by 6.18%, and the net interest...

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

ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said that investors from over 170 countries have chosen the UAE to invest, grow and expand over the past decade. He said that this reaffirms the trust of the global investment...

Abu Dhabi, UAE -- Oman and Etihad Rail Company (OERC), the developer and operator of the UAE-Oman Rail Network, signed a Memorandum of Understanding (MoU) with Emirates Steel Arkan, the UAE’s largest steel and building materials manufacturer, to facilitate the export of raw materials from Oman to the UAE. Under...

As Israel prepares for a ground offensive into the Gaza Strip, the international community has mobilized to try to protect civilians and prevent the conflict spreading across the region. But Tel Aviv's avowed determination to crush Hamas, the group behind the October 7 attack on Israel, are hampering mediation efforts.

ABU DHABI, UAE - Al Seer Marine, a subsidiary of Abu Dhabi-based International Holding Company, has announced the takeover of the very large gas carrier (VLGC) North Gas. This strategic move marks the second VLGC delivery under the US$134 million (AED495 million) deal signed by ABGC DMCC, a joint venture...

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...

It is the first crypto entity to be listed on a Middle East bourse.

Marrakech, Morocco-- The UAE has allotted $200 million to the Poverty Reduction and Growth Trust (PRGT) to expand concessional financing for low-income countries. This aligns with the UAE’s unwavering efforts to realize the United Nations’ Sustainable Development Goal 1 (SDG 1) – no poverty – alongside other challenges that the...

The Middle Eastern region, led by Saudi Arabia and the UAE, is swiftly becoming a global esports hub, driven by its vast gamer community and strategic investments.

"World peace and security, along with social, economic, and political stability, hinge on two pivotal factors: addressing climate issues and investing in clean and renewable energy sources through a just and responsible energy transition, and leveraging advanced technologies to combat the effects of climate change," Ghobash adds.

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum of Understanding (MoU) with South Korea to enhance their bilateral air transport relations. This MoU includes an agreement to increase the number of national carrier flights between the two countries...

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...

Abu Dhabi, UAE - A Smart and Autonomous Vehicles Industries (SAVI) cluster was launched at Masdar City on Friday. It aims to position Abu Dhabi as a leading smart and autonomous vehicles hub, making significant contributions across air, land and sea mobility applications. SAVI will support innovation and the commercialization...

Dubai, UAE - The gem and jewelry trade between India and the United Arab Emirates (UAE) has seen substantial growth, thanks in part to the India-UAE Comprehensive Economic Partnership Agreement (CEPA).  India’s Gem and Jewelry Export Promotion Council (GJEPC) reported that approximately 30% of the gems and jewelry imported by...

Seoul, South Korea - UAE President Mohammed bin Zayed Al Nahyan has delayed his planned state visit to South Korea on the invitation South Korean President Yoon Suk Yeol, which was scheduled for later this month, citing "unforeseen regional circumstances,"  the presidential office said Thursday. The delay in the visit...

It will deepen cooperation between the UAE and Turkey.

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...

"While the world has abundant funds, there's a need for innovative strategies to channel them into vital sectors like sustainable development, renewable energy, and the blue economy," she adds while sharing her optimism for the World Investment Forum (WIF) in Abu Dhabi, scheduled between October 16 and 20, 2023.

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...

MARRAKESH, MOROCCO - The International Monetary Fund (IMF) has forecast that the UAE's real Gross Domestic Product (GDP) will grow by 3.4 percent in 2023 and 4 percent in 2024. The IMF's forecast is in line with that of the World Bank, which released a similar estimate two days ago. The...

Abu Dhabi, UAE - Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy powerhouse will invest US$8 billion in Malaysia to develop up to 10 gigawatts (GW) of renewable energy projects by 2035.   To this end, Masdar signed an MoU with Malaysian Investment Development Authority (MIDA).  The project will...

Israel imposed a total siege on the Gaza Strip and cut off the water supply as it kept bombing targets in the Palestinian enclave in response to the Hamas surprise assault it has likened to the 9/11 attacks. Israel has counted over 700 dead and launched strikes on Gaza that...

Abu Dhabi, UAE -- Oxford Economics, an independent economic advisory firm, has predicted that the UAE economy will grow by 4.4 percent in 2024, driven by, among other things, government initiatives to support economic diversification. Scott Livermore, Chief Economist, Oxford Economics Middle East, and Managing Director, told WAM that the...

"With the ICA's theme, 'Enriching Knowledge Societies,' we're poised to delve into myriad topics, including the pivotal role of artificial intelligence (AI) in archiving and record-keeping," she adds while expressing eagerness to explore AI's impact on their work and to foster collaborative strategies for the profession's future.