Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi reached AED17.24 billion ($4.69 billion) in the first two months of 2025, with over 5,000 transactions, reflecting the sector's strong activity. According to the "DARI" platform of the Department of Municipalities and Transport in Abu Dhabi, real estate sales transactions...

The company achieved its highest ever revenue and net profit.

Abu Dhabi, UAE -- Tawazun Council, UAE's authority responsible for managing acquisitions, procurement, and contracts on behalf of the Ministry of Defense and security agencies, said Tuesday that it had signed five deals worth a total of AED 5.8 billion with local and international companies on the second day of...

The Group's revenue increased 48 percent year-on-year.

Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to move more than two million Palestinians out of the war-devastated territory, citing Egypt or Jordan as possible destinations.

The company's revenue increased by 29 percent to $3.54 billion.

Dubai, United Arab Emirates -- The United Arab Emirates is planning to launch new artificial intelligence models inspired by China's DeepSeek, a senior official told AFP, calling the system's disruptive emergence "fantastic news". Faisal Al Bannai, the driving force behind the UAE's Falcon large language model, said DeepSeek's challenge to American...

Minus UAE corporate tax, it would have grown by 2.4% to $725m

Abu Dhabi, UAE - The Ministry of Finance has announced the issuance of Cabinet Decision No. 142 of 2024 on the introduction of the Top-up Tax for Multinational Enterprises, providing further details on the UAE Domestic Minimum Top-up Tax (UAE DMTT). This follows the announcement made by the Ministry on...

Paris, UAE - UAE President Sheikh Mohamed bin Zayed Al Nahyan and French President Emmanuel Macron of France explored various aspects of the longstanding and strategic partnership between the two countries and discussed opportunities to expand bilateral cooperation, particularly in the economic, investment, and cultural fields. The two sides also...

Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching AED 3 trillion ($816 billion), according to Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade. In statements to the Emirates News Agency (WAM), Dr. Al Zeyoudi...

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic tear that exemplifies the city's economic boom.

Abu Dhabi, UAE -- Abu Dhabi’s real estate market recorded AED10.6 billion in transactions in January, totaling 2,514 property deals. According to DARI real estate platform of the Department of Municipalities and Transport in Abu Dhabi, sales transactions totaled AED6.5 billion across 1,730 deals. Meanwhile, mortgage transactions from the beginning...

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Beyond AI, new technologies will leverage artificial intelligence to drive the next phase of the Fourth Industrial Revolution, Alphaeus Hanson, Chair of Jacksonville Global Shapers tells TRENDS in an interview.

Dubai, UAE -- Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history, with a combined value of AED 761 billion ($207.19 billion). The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 percent increase...

Kuwait -- The UAE has topped the Arab list as the best and most attractive destination for investment and business in auto sales activity for 2024, Arab Investment and Export Credit Guarantee Corporation (Dhaman) has said. The Kuwaiti-based Dhaman organization stated in its fourth sectoral report for 2024 on the...

The profit surpassed AED 1 billion for the first time in bank's history.

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives like the Dubai Clean Energy Strategy 2050, targeting 75 percent clean energy by 2050, and Abu Dhabi Vision 2030, aiming for 30 percent renewable energy within five years. The "Solar...

Abu Dhabi, UAE - Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, has affirmed the company's ambitious goal of achieving 100 gigawatts (GW) of clean energy capacity globally by 2030. "This ambitious target underscores Masdar's commitment to accelerating the global transition to clean energy and contributing to...

With cutting-edge features like high-resolution imaging and electric jet propulsion, MBZ-SAT will enhance environmental surveillance, disaster management, and infrastructure monitoring, delivering processed images within hours for informed decision-making.

Dhahran, Saudi Arabia -- Aramco's North Ghawar Oil Producing Complex has become the company's fifth facility to be added to the World Economic Forum Global Lighthouse Network, having been recognized for its comprehensive adoption of advanced Fourth Industrial Revolution (4IR) technologies that support its operational and environmental performance.Aramco said in...

Dubai, UAE - Creators HQ in the UAE, the world’s first international hub for the content economy’s creators and entrepreneurs, has announced a strategic partnership with X, the global social media platform to produce exclusive and original content. This groundbreaking collaboration aims to create purposeful, credible and quality global content...

Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the prestigious ‘One Billion Award’ to content creator Simon Squibb from the UK. The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest...

Abu Dhabi, UAE - The UAE’s technology industry is set to achieve record growth in 2025, driven by significant expansion in digital innovation and the adoption of cutting-edge technologies. This growth further solidifies the UAE’s stature as a global hub for innovation and an international beacon for tech companies. The...

Discussions led by the UAE include provisional administration, PA leadership overhaul, and Gaza reconstruction, requiring extensive international cooperation and adherence to a two-state solution framework.

Abu Dhabi, UAE -- The United Arab Emirates (UAE) achieved a milestone in the aviation industry as it surpassed 1 million air traffic movements in 2024, said the country's General Civil Aviation Authority (GCAA). On 22nd December 2024, the one-millionth annual air traffic movement was recorded with the arrival of...

Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City Index 2024 (GPCI) for the second year in a row. In an annual study released by Japan’s Mori Memorial Foundation, the index highlights Dubai’s role as a leader in innovation,...

The country is among the most attractive markets for skilled global professionals and talent, thanks to its competitive advantages, including advanced infrastructure, diverse opportunities, and forward-looking strategies emphasizing digital transformation and sustainability.

Dubai, UAE -- Dubai International Airport (DXB) is on track to welcome 4.3 million guests in the first 15 days of the year, setting the stage for its busiest January yet. Daily traffic is projected to peak on 3rd January, with over 311,000 guests expected. With an average of 287,000...

Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time peak of 180,900 transactions worth AED 522.1 billion (US$145 billion)

Riyadh, Saudi Arabia - Saudi Arabia’s trade balance recorded a 30% monthly growth, achieving a surplus of SAR 20.769 billion ($5.6 billion) in October 2024, according to the Kingdom’s recently released global trade bulletin. This marks an increase of over SAR 4 billion ($1.08 billion) from SAR 15.999 billion ($4.32...

Manufacturers see AI as critical for decarbonization (66%), improving ESG scores, energy monitoring (55%), advancing digital twins (68%), and enabling predictive maintenance (64%), driving sustainability and operational gains.

Dubai, UAE -- Dubai’s real estate market recorded 180,900 transactions worth AED 522.1 ($142.1 billion) in 2024, a market report said. The report by fäm Properties said 2024 saw big leaps of 36 percent and 27 percent respectively on the previous high of 133,100 sales worth AED 411.1 billion in...

From AI-powered content creation to automated feedback systems, technology is streamlining operations and improving patient care.

Non-oil sectors' contribution to GDP reaches 75%. Economy minister Abdulla bin Touq Al Marri says the growth reflects the dynamic nature of the country's economy.

The two tranches will be converted into equity at the earliest opportunity.

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...

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...

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...

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...

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.