The new ministry will bolster the UAE's business aims and investment policies, apart from promoting its infrastructure as a global platform to attract investments in various sectors. The ministry will propose the general investment policies of the country in coordination with the relevant authorities, in addition to preparing strategies, legislation,...

RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) signed a Memorandum of Understanding (MoU) aimed at fostering mutual growth and development within the food and agriculture sectors of the UAE and India.The MoU was signed by Group CEO...

Dubai, UAE -- Dubai's real estate market recorded deals worth AED1.4 billion on Monday, according to Dubai Land Department.The deals included 495 sales transactions worth AED1.15 billion on Friday, in addition to 79 mortgage deals totaling AED 297.58 million, and six gift deals amounting to AED7.52 million.The sales included 467...

ABU DHABI, UAE -  UAE Ministry of Finance (MoF) released its annual report for the year 2022 highlighting performance, initiatives, national projects and international participation.The report is entitled "Remarkable Achievements Shaping Promising Financial Prospects",  includes MoF's most prominent achievements, leadership councils and committees, and strategic objectives.Minister of State for Financial...

The contracts were awarded to Petrofac Emirates and a consortium.

Dubai, UAE - The United Arab Emirates (UAE) is gearing up for its next public holiday, as residents anticipate the upcoming three-day weekend to commemorate the Islamic New Year, also known as the Hijri New Year. The upcoming holidays are highly anticipated. following the recent extended Eid Al Adha vacation, which...

Abu Dhabi, UAE - AD Ports Group on Sunday announced that it has acquired Noatum, a global integrated logistics services provider with a presence across 26 countries, for $0.72 billion. The acquisition has received approvals from all relevant regulatory bodies, including from Spanish Authorities, after it attained clearance from the...

While the global economy reels from high inflation and the war in Ukraine, the UAE looks poised for positive economic growth with the IMF and the World Bank projecting the country's economy to grow by 3.6 percent and 2.8 percent respectively. The economy will continue to benefit from tourism and...

DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700 kilograms of "methamphetamine" powder, valued at approximately US$310 million, were concealed within a cargo ship originating from an Asian country and bound for Japan.The successful operation led to the apprehension...

SHARJAH, UAE - Sharjah International Literary Agency (SILA) has named one of UAE’s top publishing executives, Tamer Said, its next director, opening a new chapter for the ambitious rights exchange and literary translation body.Since its creation in 2020 by Sharjah Book Authority under Chairperson Sheikha Bodour Al Qasimi, SILA has...

Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according to US Energy Information Administration (EIA) estimate. OPEC members earned about $888 billion in net oil export revenue last year. That’s what the US Energy Information Administration (EIA) estimates in...

The brokerage firms added 26,953 new accounts in H1.

NEW YORK, US- Advisor to the UAE Minister of Foreign Affairs Salem Al Zaabi called on the international community to address the root causes of intolerance and extremism, including countering disinformation on the internet and social media.Al Zaabi, who led the UAE’s delegation to the biennial United Nations Counter-Terrorism Week...

London, UK - Masdar, the UAE’s renewable energy company, has committed to invest £1 billion in British battery storage, following its acquisition of Arlington Energy in October 2022. Masdar has partnered with Octopus Energy to license its technology platform, Kraken, to manage its battery portfolio at low cost and with maximum...

Yerevan, Armenia – Non-oil trade volume between the UAE and Armenia reached $1.53 billion in 2022, with a growth rate of 673 percent compared to 2021, the UAE news agency Wam reported on Friday. The total UAE non-oil exports to Armenia amounted to almost $229 million in 2022, with a growth...

The Middle East and North Africa region scores only 62.6% in gender parity, and at the current pace, the region will achieve full parity in 152 years, says a latest WEF report.

PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision of accelerating the shift to green energy to tackle the growing threats posed by climate change.The two countries are working together on low-carbon energy solutions, he said,  expressing his trust...

RAS AL KHAIMAH,  UAE - Ras Al Khaimah Economic Zone (RAKEZ) has announced the addition of over 1,500 new companies in the second quarter of 2023.This robust growth represents a remarkable 132 percent increase compared to the same period in 2022, further cementing RAKEZ’s role as an accelerator for business...

Everyone in the sports delegations taking part in the future forums now has a greater obligation to spare no effort in representing their nation in the best manner to produce the best possible results, he adds, noting that sports championships are the benchmark standard for gauging athletes' performance progress.

Learners across the country excel in business skills, communication, leadership, management, and human resources skills, Coursera's latest Global Skills Report points out.

ABU DHABI, UAE  - Dr. Mohamed Al Kuwaiti, Head of Cyber Security for the Government, led a high-level UAE delegation of dozens of participants from leading Emirati entities to Cyber Week 2023 Conference in Israel. Dr. Al Kuwaiti addressed the Cyber Week Conference as a key-note speaker in the main...

“The World Meteorological Organization is extremely pleased with the UAE's actions, including the decision to increase investment in clean energy and other projects that support the organization's strategy for addressing climate change issues, as well as their decision to host the headquarters of IRENA, which is a key player in...

Sharjah, UAE--Sharjah Football Company has signed Mohamed Firas Belarbi, the Tunisian international defender, from the Ajman Club for an undisclosed sum.Regarded as one of the most effective attacking midfielders in the UAE championships over the past two seasons, Belarbi has an impressive track record. His remarkable contributions during the 2022-2023...

Riyadh, Saudi Arabia -- Saudi Arabia’s imports from Gulf Cooperation Council countries fell 15 percent year-on-year to SAR 5.6 billion ($1.49 billion) in April 2023, compared to SAR 6.57 billion in 2022, the Kingdom's General Authority for Statistics said.Compared with March 2023, the Kingdom's imports from GCC dropped by 21...

Firm will deliver a complete end-to-end managed service.

Abu Dhabi, UAE--The International Security Alliance (ISA) has seized narcotics estimated to be worth US$750 million from a large transnational drug trafficking ring, and arrested 597 suspects, in a wide operation spread over many continents, dealing a big blow to organized criminal groups trafficking in drugs.The ISA, a working group...

Abu Dhabi, UAE-- Prominent Abu Dhabi companies are taking part in Impower Fund Forum, the largest asset and wealth management conference in Europe that will see participation of more than 1,400 international players from nearly 60 countries.The companies from Abu Dhabi that will take part in the event include the...

Dubai, UAE - National banks in the UAE have increased their credit financing to the business and industrial sectors by AED40.6 billion ($11 billion) or 5.8 percent as of the end of April 2023, according to the Central Bank of the UAE. The statistics reveal that national banks provided a total...

Abu Dhabi, UAE -- Institutional investors bought more local stocks than they sold in the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM) from January to June this year, according to the latest data from the Securities and Commodities Authority (SCA).Net purchases by institutional investors totaled AED...

Will help to enhance efficiency of overseas operations.

Tehran, Iran-- The future of relations between Iran and the United Arab Emirates is promising and in line with the interests of both nations, according to Iran's ambassador to the UAE."The two countries intend to find ways to have warmer and closer relations in light of developments in the region...

Dubai, UAE - The Middle East region is expected to experience a demand for 78,000 cabin crew members, 28,000 commercial pilots, and 22,000 commercial aircraft maintenance technicians by 2032, a report on the Middle East aviation industry by Canadian firm CAE has revealed. The CAE analysis projects that the global aviation...

The factors that influence the cost of registration include the type of business, the location of the business, and the regulatory requirements of the jurisdiction.

NEW DELHI, INDIA - UAE Minister of Economy and Head of the Emirates Tourism Council Abdullah bin Touq Al Marri met separately with the ministers of India, UK, Indonesia and Japan on the G20 Tourism Ministers' Meeting in Goa.Bin Touq met with Sandiaga Uno, Minister of Tourism and Creative Economy...

ABU DHABI, UAE -  AD Ports Group, a leading facilitator of global trade, logistics, and industry, and Premier Marine Engineering Services, a UAE-based shipyard company on Sunday announced the formation of a new joint venture, SAFEEN Drydocks.AD Ports Group will own 51 percent of the joint venture and the remaining...

SHARJAH, UAE - The emirate's real estate activity during May 2023 logged a total value of US$653 million (AED 2.4 billion), further enhancing Sharjah's position as an ideal destination for investors, businessmen and families.The Real Estate and Mortgage Report issued by Sharjah Real Estate Registration Department (SRERD) revealed that 3,540...

Minister of Economy Abdullah bin Touq Al Marri said that the strong GDP growth was due to the government's forward-looking economic policies, which have helped to attract investment and promote foreign trade. He also noted that the UAE's GDP per capita has grown by an unprecedented rate of 24.7 percent...

Abu Dhabi, UAE-- The emirate of Abu Dhabi has approved the disbursement of housing benefits worth US$844 million to citizens in order to lift up their standard of living.In this connection, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi...

Abu Dhabi, UAE-- Some 900,000 passengers are expected to pass through Abu Dhabi International Airport on more than 5,000 flights to and from 109 destinations spread over 59 countries.The projected numbers were released by Abu Dhabi Airports in anticipation of an increase in traffic at Abu Dhabi International Airport (AUH),...

Companies like ADNOC, Saudi sovereign fund, and Niu are making significant strides as the two Gulf countries seek to diversify their economies and capitalize on high oil prices.

DUBAI, UAE - Dubai Land Department (DLD), through the real estate development sector, has launched the real estate investment trusts (REIT) privileges registry, and announced the opening of registration in it.Following the design and development of the online platform and the training the service centers to receive applications, local and...

With violence escalating between Palestinians and Israelis, Morocco has postponed a meeting of Arab allies of Israel it was due to host this summer. According to the country's Foreign Minister Nasser Bourita a date for the meeting can be worked out when circumstances are more "favorable." The annual meeting was...

Abu Dhabi, UAE-- The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has made it mandatory for foreign vehicles crossing into the UAE by land at Al Ghuwaifat Port Station to be insured, from June 26, 2023.The vehicle owners driving into the country can now buy insurance online...

DUBAI, UAE -  A total of 4,048 real estate transactions worth over US$4.2 billion  (AED 15.6 billion) were conducted during the week ending 23rd June, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 278 plots were sold for US$473 million (AED 1.74 billion),...

ABU DHABI, UAE - Aggregate capital and reserves of banks operating in the UAE rose by 10 percent year-on-year (YoY) to US$118.5 billion (AED435.3 billion) at the end of April 2023 from US$107 billion (AED395.9 billion) at the end of April 2022, according to the Central Bank of the UAE’s...

ABU DHABI, UAE/ KARACHI, PAKISTAN -  AD Ports Group announced on Thursday the signing of a concession agreement with Karachi Port Trust (KPT), the Pakistani federal government agency that oversees the operations of Karachi port.Under the terms of the 50-year concession agreement, a Joint Venture between AD Ports Group, as...

VIENNA, AUSTRIA - The Federal Authority for Nuclear Regulation (FANR) is taking part in an international conference organized by the International Atomic Energy Agency (IAEA) here.In the five-day event, which will conclude on Friday, over 500 participants from 94 countries and seven international organizations are gathering to discuss effective nuclear...

Hossein Amir-Abdollahian's visit to the UAE followed stops in Qatar, Kuwait and Oman -- the latest in a flurry of diplomatic moves by Tehran as it seeks to reduce its isolation, improve its economy and project strength. He discussed "bilateral relations and ways to enhance cooperation" with UAE President Sheikh...

Abu Dhabi, UAE - Hub71, Abu Dhabi's global tech ecosystem, has welcomed its first cohort of the year comprising 15 startups operating in priority sectors including HealthTech, FinTech, and EdTech.The addition of the latest cohort has increased the size of Hub71’s vibrant community to over 240 startups.In the latest cohort,...

Dubai, UAE-- The UAE and France have reiterated their commitment to widening cooperation in important fields and sectors. The resolve was renewed at the 15th session of the UAE-France Strategic Dialogue held in Paris.The two countries discussed the status of the strategic bilateral investment partnerships, which were signed in December...