ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2 billion (AED8.3 billion) strategic project to provide sustainable water supply for ADNOC's onshore operations.This strategic investment between two Abu Dhabi energy giants entails developing and operating facilities to sustainably treat...

Tokyo, Japan-- The UAE and Japan have held discussions to boost partnership in various sectors of the economy even as the first ministerial meeting of the comprehensive strategic partnership took place between the two countries in Tokyo.In this regard, Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology,...

The 2023 IMD World Competitiveness Ranking placed the UAE among the world's 10 most competitive economies.

Dubai, UAE -- Future100, a collaborative initiative between the Ministry of Economy and the Government Development and the Future Office, has forged 25 strategic partnerships, which are aimed at supporting the top 100 emerging companies that play a vital role in bolstering the competitiveness of the UAE’s future economy sectors....

New York, United States -- Sheikh Abdullah bin Zayed Al Nahyan, UAE's Minister of Foreign Affairs, hosted a reception at the Permanent Mission of the United Arab Emirates to the United Nations on the third day of the 78th session of the UN General Assembly (UNGA 78) Saturday.The reception, held...

Jakarta, Indonesia-- The UAE and Indonesia have discussed mechanisms to expand regional cooperation and opportunities for trade and investment cooperation between the two countries. In this connection the two countries have reviewed a number of economic and investment issues of common interest in the fields of energy, mining, tourism, real...

"The UAE is steadfast in its efforts to mitigate tensions and advocates for dialogue and diplomacy as means of resolution. We're committed to fostering a new paradigm to bolster economic collaboration among regional countries, benefiting both their economies and their people, and enhancing regional stability and prosperity," she adds.

Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the Department of Town Planning and Survey, the Sharjah Electricity, Water and Gas Authority (SEWA), and the Sharjah Municipality, to work on implementing the Cube Satellite project, Sharjah Sat-2.Sheikh Sultan bin...

YEREVAN, ARMENIA  - Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI) Abdullah Mohamed Al Mazrouei and the host country’s Minister of Economy Vahan Kerobyan have together inaugurated the UAE-Armenia Business Forum here.The forum saw the signing of four Memorandums of Understanding (MoUs); with three of them...

Abu Dhabi, UAE - Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan attended a reception for the UAE astronaut Sultan Al Neyadi after his return from his six-month mission to space. The reception was organized by his father Saif Muftah Al Neyadi in the Umm Ghafa...

Iran said it had called in the Swiss envoy to deliver a protest over a “provocative” US statement on its decades-old dispute with the UAE over three Gulf islands. The foreign ministry was reacting to a joint statement issued by the US and six Gulf Arab states backing UAE calls...

ABU DHABI, UAE - The volume of trade exchange between the UAE and the Kingdom of Saudi Arabia grew by 28 percent in 2022, reaching US$37.4 billion (AED 137.51 billion), compared to US$29 billion (AED 107.41 billion) in 2018.The total non-oil trade between the UAE and Saudi Arabia rose to...

The sukuk, issued on Sept 20, 2018, carried profit rate of 7.125%.

Firm won $109 million contract extending over four years.

Abu Dhabi, UAE--UAE stock markets Thursday continued to capitalize on improved investor sentiments, defying US Fed's decision to keep interest rates steady on Wednesday, while projecting an increase by year-end.Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital's bourse, as giant property Emaar drove DFM to...

Dubai, UAE - Yahsat Government Solutions (YGS), the government services arm of Yahsat has been awarded $5.1 billion satellite capacity and managed services mandate by the UAE Government for a period of 17 years. The contract will involve providing the UAE Government with secure and reliable satellite capacity and related managed...

Palestinian leader Mahmud Abbas's address came a day after Netanyahu discussed Saudi normalization in a meeting with US President Joe Biden. Israel and the United States believe that the Jewish state's normalization with Saudi Arabia -- guardian of Islam's two holiest sites -- would be a game-changer for the Middle...

AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the emirate grew 19.6 percent during the first half of 2023 (H1 2023).The emirate’s total exports reached US$1.2 billion (AED4.57 billion) in H1 2023, compared to some US$1.1 billion (AED4.3 billion)...

RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ), led by Group CEO Ramy Jallad, successfully wrapped up its roadshow in China’s Guangdong province to explore new opportunities for economic and trade cooperation.The delegation aims to foster deeper ties with local enterprises, prominent trade associations...

Abu Dhabi, UAE -- In the wake of the US Federal Reserve's decision to maintain its interest rates, GCC countries, including the UAE and Qatar, have opted to follow suit. The US Federal Reserve, on Wednesday, voted to keep interest rates at a 22-year peak, suggesting that these rates might...

The second dividend for 2023 is expected to be paid in May 2024.

"With the successful accomplishment of Sultan Al Neyadi’s mission to space, the Mohammed bin Rashid Space Centre has completed another momentous achievement. The 'Zayed 2' mission reflects our leaders' boundless vision and marks a remarkable milestone in the UAE's space journey,” adds Sheikh Hamdan, who is also Chairman of The...

SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) said it is likely to host the first Gulf-Iraq Business Forum on September 26- 27, local media reports said.The theme of the event is “Partnership for a Promising Economic Future”, and is expected to present multiple investment opportunities.The Chamber...

Abu Dhabi, UAE - Abu Dhabi Media Network is all set to launch an English edition of its existing Al Ittihad Arabic newspaper. The yet-to-be-named daily will be a second English newspaper in the UAE’s capital city besides The National, which is owned by the International Media Investments (IMI).The announcement...

Dubai, UAE - The total spending in the UAE's space sector witnessed a 6.61 percent increase compared to the previous year with the government spending accounting for 55.7 percent of the total spending, marking a 12.7 percent increase year-on-year, while commercial expenditure made up 44.3 percent of the total, revealed...

Clearance of goods transactions increased by 35.8%.

The UAE president and the ruler of Dubai spent time in conversation with Al Neyadi – accompanied by his father and three of his children – and discussed aspects of the mission and his experience during his time in space. They congratulated him for completing the longest ever space flight...

“As we prepare for the groundbreaking Health Day at COP28, we are resolute in our determination to address the challenges posed to health by climate change and encourage ambitious investment in the health sector. Our goal is to build resilient, equitable health systems,” adds the COP28 President-Designate.

Abu Dhabi, UAE - The UAE President Sheikh Mohamed bin Zayed Al Nahyan of the UAE and President Abdel Fattah El-Sisi of Egypt met in Abu Dhabi to discuss bilateral relations and cooperation between their countries. The two presidents deliberated on economic, investment, and development collaborations between the two countries, exploring...

In order to boost trade and investment flows and private-sector collaboration, the UAE and Serbia have begun talks on Comprehensive Economic Partnership Agreement. Once the deal is signed it will improve bilateral non-oil trade by reducing or eliminating customs duties, removing unnecessary barriers to trade.

Dubai, UAE - The UAE's $1.5 billion bond issue saw five times oversubscription, attracting over $7.4 billion in bids, the Ministry of Finance announced on Monday.The 10-year bond, with a yield of 4.917%, will list on the London Stock Exchange and Nasdaq Dubai, maturing in September 2033. The allocation was geographically...

Amid UAE's urban expansion, there's a wealth of structures across the country ripe for revitalization, significantly offsetting the environmental impact of new developments.

Abu Dhabi, UAE - Abu Dhabi Sports Council discussed business developments and plans for developing the sports sector here, local media reports said.This also includes the continuation of supportive initiatives and programs to enhance the success of the sports system at the local and global levels.Mohammed Thani Al Rumaithi, Vice...

AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in 2022, totalling over US$408 million  while trading volume reached US$181 million, Department of Land and Real Estate Regulation in Ajman said.Director-General of the Department of Land and Real Estate Regulation...

ABU DHABI, UAE – Director-General of the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AMLCTF) Hamid AlZaabi said that in H1 2023, there has been a significant improvement across the board on the issue of AML/CFT in the country.In a statement to the Emirates News Agency (WAM),...

DAE said this is the company's largest ever loan facility.

Move aligns with EIH's aim to diversify sources of investment.

Riyadh, Saudi Arabia - Middle Eastern countries are increasingly embracing the Mandarin language, extending China's soft power influence in the region. While interest in learning Mandarin has declined in the West, Middle Eastern nations are mandating Chinese language education in their schools, , a report in South China Morning Post...

"The fiscal policy bolstered economic growth and the competitive business environment, leading to the UAE being ranked as the fastest-growing economy in the year 2022," adds Dubai's Deputy Ruler, Deputy Prime Minister, and Minister of Finance Sheikh Maktoum bin Mohammed, praising the Ministry of Finance’s team for their efforts.

Dubai, UAE-- Terming climate action as an opportunity to create a more equitable and sustainable world, Mariam bint Mohammed Almheiri, UAE's Minister of Climate Change and the Environment, believes it is a chance to raise living standards, "create new jobs and vibrant new industries, strengthen our bond with nature, and...

SHARJAH, UAE - The Sharjah Social Security Fund (SSSF) has allowed the possibility of acquiring the service period for insured employees in accordance with the relevant laws and regulations.This aligns with the law's objectives and the fund's strategies aimed at enhancing the well-being of employees and providing them with additional...

Hong Kong - The Saudi Arabia-China Entrepreneurs Association (SCEA) has signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC). The agreement was signed during the eighth Belt and Road Summit, a two-day event themed "Ten Years of Cooperation for Mutual Benefit," which saw participation from...

Moscow, Russia--The UAE and Russia are looking to strengthen the bilateral cooperation in higher education, scientific research, space, and engineering between the two countries.In this regard, Ahmad Belhoul Al Falasi, Minister of Education, and Valery Falkov, Minister of Science and Higher Education of Russia, held discussions in Moscow.Al Falasi, accompanied...

New York, US--The UAE has announced the launch of a new digital response platform that will support disaster-affected countries to quickly and efficiently communicate their humanitarian needs to the international community.The UAE made the announcement during a United Nations Security Council open debate titled “Maintenance of international peace and security:...

DUBAI, UAE - The UAE and China's Hainan Province have signed four major private-sector agreements aimed at boosting the rapidly expanding bilateral trade and investment ties.The signing ceremony took place during the Hainan Promotion Conference in Dubai, and was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State...

DUBAI, UAE - A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during the week ending September 15, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 549 plots were sold for US$1.1 billion (AED 4.25 billion),...

Sharjah, UAE -- The UAE-based technology firm AstraTech is seeking to expand across India, Pakistan, and Egypt in the near future as part of its global expansion strategy.“Last month, we acquired a banking company in the Philippines as part of our global expansion, and now we are looking at the...

Abu Dhabi, UAE - The UAE Ministry of Tolerance and Coexistence and the COP28 Presidency have signed a Memorandum of Understanding (MoU) to promote tolerance, coexistence, and human fraternity during COP28 slated to  take place from November 30 - December 12. The UAE Minister of Tolerance and Coexistence Sheikh Nahayan bin...

BEIJING, CHINA – Chairman of China’s National People's Congress (NPC) Standing Committee Zhao Leji held talks in Beijing with the speaker of the Federal National Council of the United Arab Emirates (UAE) Saqr Ghubash.Zhao said that under the two countries' leaders, China and the UAE have continuously consolidated their political...

Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial institutions and corporations with digital infrastructure, enabling them to manage the impacts and risks of climate change.The investment was made via Deniz Ventures, an investment fund launched by DenizBank A.S.,...