Abu Dhabi, UAE -  The UAE is growing the number of Electric Vehicle (EV) charging stations from 500 to 800 in the next few years. This was stated by the country’s Minister of Energy and Infrastructure, Suhail bin Mohammed Al Mazrouei,  on the sidelines of the ongoing World Utilities Conference 2023....

Saudi Arabia remains the largest projects market in the GCC as the total value of contracts awarded increases by 54.7 percent YoY during Q1-2023 to US$29.9bn, says a latest report.

Seeking to widen its foreign trade and grow national economy, the UAE has signed Comprehensive Economic Partnership Agreement (CEPA) negotiations with Thailand. The UAE has already signed several such agreements with many countries, and signing the deal with Thailand is part of that endeavor. The first round of talks will...

The company posted Q1 revenue of US$299 million.

The company posted Q1 revenue of US$694 million.

Dubai, UAE: Dubai Electricity and Water Authority (DEWA) announced the pilot use of ChatGPT, since April 2023, on its website through Rammas, DEWA’s virtual employee, to enhance customer experience.The step has been taken as part of the company’s strategy to employ Artificial Intelligence (AI) technologies across all its operations and...

According to Statista's Global Consumer Survey, countries in Africa, Asia, and South America have higher crypto adoption rates than Western countries. Indonesia with 29 percent, and Brazil with 28 percent are other top crypto users. The rate of crypto adoption in the United States is 16 percent.

Thanks to the jump in the fund, the Agriculture Innovation Mission (AIM) for Climate, launched in 2021, now surpasses its US$10 billion target for the COP28 climate talks, to be held by the UAE in November. The changing climate is threatening food security as global warming increases the frequency of...

Abu Dhabi, UAE-- Designed to achieve a common Arab vision for the digital economy, the Arab Federation for Digital Economy and the Union of Arab Chambers signed a cooperation agreement at the Entrepreneurs Investment Summit, held in parallel with the Annual Investment Meeting 2023 (AIM) in Abu Dhabi.The agreement stresses...

ABU DHABI, UAE - The Statistics Center - Abu Dhabi (SCAD) has released the Gross Domestic Product (GDP) estimates report for 2022, unveiling a remarkable 9.3 percent  growth by the end of the year, compared to 2021.The new figures position the Emirate as the fastest-growing economy in the Middle East...

A majority of the people who voted in a TRENDS poll see the China-brokered deal between the two countries as a positive development.

ABU DHABI, UAE -  Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to finance a project aimed at providing potable water to the city of Kiffa, which will be sourced from the Senegal River.The contribution from the ADFD towards this strategic project amounts...

Growth in revenue driven by surge in demand for electricity, water.

ABU DHABI,  UAE - Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been appointed as a primary dealer for UAE's Federal Treasury Sukuk Program.This new program has been launched by the federal government of the UAE, through the Ministry of Finance (MOF) and aims to issue Sukuk...

The company posted its highest-ever quarterly sales.

DUBAI, UAE -  The private sector and financial institutions in the Middle East should enhance reporting by including information about how they both impact and depend upon nature and natural capital, says a report.   The report titled 'Nurturing Natural Capital: The Middle East Imperative' was released by the World Government Summit,...

Abu Dhabi, UAE - Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of Emirates Nuclear Energy Corporation (ENEC), has been selected as the Chair Elect of the World Nuclear Association (WNA) Board of Directors.The position sets Al Hammadi on track to take over as the Chairman of WNA...

The participants are reported to have discussed the broad contours of the massive joint project to build railway, maritime and road connectivity in the larger region.

"The economic cooperation in these sectors has contributed to increasing joint trade and investment exchange," he said while attending the UAE-Iran Business Council’s inaugural meeting in the Iranian capital Tehran on the sidelines of the Iran Expo, which runs from May 7 to 10.

ABU DHABI, UAE  - The UAE has evacuated 176 people from seven countries, including media professionals, from Sudan on Saturday and brought them here by plane, the Ministry of Foreign Affairs and International Cooperation (MoFAIC) said.The UAE continues the process of prioritizing the evacuation of the most vulnerable groups, including...

The US$218mn capital infusion will foster bank's growth.

Dubai, UAE - The UAE is on track to become a global hybrid working hub, a new report by Workspace has revealed. Workspace is one of the Middle East’s leading trade show for workplace technology and solutions.  According to the report, 98 percent of UAE businesses revealed that they would invest in...

Dubai, UAE--The United Arab Emirates (UAE) and the World Health Organisation (WHO) have dispatched 30 tonnes of urgent medical supplies to Sudan today.A plane carrying supplies for injury treatment, emergency surgeries, and essential drugs arrived in Port Sudan Airport early this morning.The shipment, valued at US$ 444 000, is the...

Revenues also grew significantly to reach $3.26 bn.

Sharjah, UAE-- Sharjah showcased its technology-enabled approach to the tourism industry at the Arabian Travel Market (ATM) 2023, highlighting the future of tourism in the region and beyond.Sharjah pavilion at the event demonstrated cutting-edge technologies and groundbreaking concepts, offering a compelling glimpse into the emirate's tourist destinations.Run by Sharjah Commerce...

The ongoing overall technological developments drive the UAE Armed Forces to increase their efforts to modernize in order to address current regional and global challenges.

New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, called for the use of digital technologies to build and sustain peace during a United Nations Security Council open debate on “peacebuilding and sustaining peace.”“The emergence of new, powerful technological...

“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the battle to develop alternative sources of energy,” said Al Zeyoudi, UAE's Minister of State for Foreign Trade.

Dubai, UAE -- A total of 3,050 real estate transactions worth AED10.4 billion ($2.83 billion) were recorded in Dubai during the week ending 5th May 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 189 plots were sold for AED1.19 billion, 2,239 apartments and...

Abu Dhabi, UAE - Emirates International Investment Company (EIIC) has acquired a 7.6 percent stake in Abu Dhabi Islamic Bank (ADIB) from Mubadala Investment Company. The transaction brings EIIC's total shareholding in ADIB to 47 percent, demonstrating strong confidence in the prospects for the long-term growth of the UAE's second-largest Islamic...

The company posted a 5.7 percent year-on-year growth in net profit.

Dubai, UAE – A roadshow led by the Abu Dhabi Securities Exchange (ADX) in collaboration with JP Morgan in New York has highlighted investment opportunities in UAE’s capital markets following the strong performance of the exchange’s equity benchmarks last year.The two-day show attracted major institutional investors in the US and...

Abu Dhabi, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan and the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, Thursday spoke on the telephone to discuss bilateral relations between the two countries and ways to strengthen them further.The two leaders reviewed current areas of UAE-Qatar cooperation...

Dubai, UAE – The UAE announced on Thursday that companies will be subject to fines of up to AED 500,000 ($136,147) for failing to meet Emiratization targets.The announcement made by the Ministry of Human Resources and Emiratization (MoHRE) follows the implementation of UAE Cabinet Resolution No. 44 of 2023, which...

Sharjah, UAE -- The UAE Federation of Chambers of Commerce and Industry (FCCI) and its Lithuanian counterpart have signed an MoU to establish the first UAE-Lithuanian Business council besides strengthening economic relations and increase investment flow between the two countries.The MoU was signed at the UAE-Lithuania Business Forum organized by...

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has added Samsung Pay to its many options for customers to pay their bills conveniently and securely on various digital channels.DEWA is the first government entity in Dubai to adopt the Samsung Pay option within its digital channels. Users can benefit...

BERN, SWITZERLAND - The UAE discussed bolstering strategic relations and cooperation in various development, economic and financial fields of common interest with Switzerland here. The UAE's Ministry of Finance (MoF) held the fifth financial dialogue with the Swiss Confederation in Bern.Younis Haji Al Khoori, Undersecretary of the Ministry of Finance,...

Dubai, UAE - ZāZEN Properties, a sustainable property developer in the United Arab Emirates (UAE), has noted a surge in demand for one-bedroom apartments in Dubai. With overall property prices increasing, residents are searching for the best ways to invest their money, whether as a long-term profitable option or to live...

Abu Dhabi, UAE— AD Ports Group will add drydock services to its portfolio at Khalifa Port in an expansion of its range of port and marine logistics services.With this expansion, from container and cargo handling to vessel repairs and maintenance, Khalifa Port aims to better serve existing clients and attract...

Abu Dhabi, UAE--The property market in Abu Dhabi has recorded 5,472 property sales and mortgages valued at US$7.62 billion in the first quarter of 2023 as against 3,304 transactions worth $ 3.07 billion during the same period in 2022, according to official data released by the Department of Municipalities and...

Abu Dhabi, UAE--Looking to boost tourism and cultural exchange between the two countries, the Department of Culture and Tourism Abu Dhabi (DCT Abu Dhabi) and the Jordan Tourism Board have signed a Memorandum of Understanding (MoU) on the sidelines of the Arabian Travel Market 2023.The MoU will unlock the tourism...

The company's expansion plans include the acquisition of Al Fahid Island.

Revenue is due to demand for fixed, mobile services.

Iranian forces seized a Panama-flagged oil tanker in the Strait of Hormuz, the US Navy said, the second such incident in less than a week. The tanker, Niovi, was sailing from Dubai towards Fujairah, another port in the UAE, when it was stopped by Iran's Islamic Revolutionary Guard Corps Navy.

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has added 200 MW of clean energy from the fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park ahead of schedule. With this addition, the solar park's current production capacity is now at 2,327MW using photovoltaic solar panels and Concentrated...

Dubai, UAE-- Seeking to take advantage of the boom in the Middle East's hospitality sector, Radisson Hotel Group will triple its presence in the region by 2030.The hotel group, running 52 hotels and resorts in the Middle East, is planning to have 150 properties in operation and under development by...

Its consolidated revenues rise to US$3.53bn in Q1 of 2023.

Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah, the first of its kind in the region.Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the SEC approved the program.The SEC...

DUBAI, UAE- DIFC Academy announced a collaboration with PwC’s Academy to offer a globally recognized diploma program aimed at upskilling tax practitioners in the UAE.Under the deal, DIFC Academy will offer the UAE Corporate Tax Diploma Program in collaboration with PwC’s Academy, becoming the first institution alongside PwC’s Academy to...

Al Jaber's call marked a public endorsement of a target laid out by the International Energy Agency. Last month at a closed-door meeting with G7 leaders in Japan, he had also raised the target. At the same time, he did not call for a complete end to the use of...