Pushing aside their differences in relations strained by regional disputes, the oil-rich United Arab Emirates and Turkey signed a free trade agreement on Friday. Importantly, the pact comes ahead of Turkey's elections on May 14 as President Recep Tayyip Erdogan carries on with his contested economic policies that have scared...

The GCC countries are likely to benefit from the relative stability in their financial covers due to high oil prices and strong energy exports in 2022, reports suggest.

DUBAI, UAE - UAE Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in Dubai. The event was hosted by the World Health Organization (WHO) Regional Office for the Eastern Mediterranean. The meeting aimed to discuss recent developments in healthy diet policies, with a...

DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a cutting-edge device that leverages advanced sensors to locate and survey geographical areas. The device employs real-time kinematic (RTK) processing techniques to process data collected on-site and works with a smart...

The ADNOC Gas offering was set at 2.37 dirhams ($0.65) per share, towards the top of its range, implying a market capitalization of about $50 billion. Total demand topped $124 billion, making it more than 50 times oversubscribed, ADNOC said, calling it the biggest demand yet seen for an IPO...

The emirate’s Department of Municipalities and Transport (DMT) said a total of 19,033 transactions were recorded during the year---9,010 sales worth AED23.5 billion and 10,023 mortgage deals worth AED54.1 billion. The year-on-year value of realty transactions rose by 8.5 percent, while the number of transactions jumped by 27.2 percent.

The crew consists of Alneyadi, NASA astronauts Stephen Bowen and Warren Hoburg, and Roscosmos cosmonaut Andrey Fedyaev. 

The agreement will build their mutual capacities, and encourage bilateral and multilateral investments, especially in the Middle East and Africa region.

“Trade has had an indelible impact on our soft power. Located at a strategic global crossroads, the UAE is one of the world’s most connected countries and acts as a vital bridge for many nation’s products on key East-West, North-South trade routes. This role is reflected in the value of...

Abu Dhabi, UAE - The United Arab Emirates is the best country for expat lifestyle, according to a survey by the HSBC. A total of 36 percent of the people surveyed said chances of having a better lifestyle is the main reason for relocating to the UAE, significantly higher than...

RABAT, MOROCCO - UAE's Federal National Council (FNC) highlighted the critical role of parliaments in addressing the repercussions of climate change, by passing laws that preserves the environment and promote the use of clean energy. The FNC's Parliamentary Division made this statement during the intervention by Aisha Mohammed Al Mulla,...

ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting with Bahrain's Minister of Works Ibrahim bin Hassan Al Hawaj at the MoEI headquarters in Dubai. They discussed ways to boost UAE-Bahrain synergies in the infrastructure and transport sectors. Al...

Nearly 25 percent of respondents believe educational institutions should avoid the use of AI platforms, and many feel creative writers should also ignore them.

Abu Dhabi, UAE--UAE Banks Federation (UBF) organised a virtual workshop on combating trade-and-credit-documents-based money laundering on Wednesday. The workshop comes as part of UBF's ongoing efforts to improve frameworks and procedures necessary to develop and maintain the highest levels of compliance and risk management at member banks. The workshop was...

Abu Dhabi, UAE - UAE's Minister of Economy Abdullah bin Touq Al Marri said Wednesday that in 2022, the UAE economy recorded its fastest growth rate in over a decade despite the global economic slowdown, with the first half of 2022 witnessing unprecedented growth of nearly 8.5 percent. The country's...

Dubai, UAE—UAE’s renewable energy company Masdar will invest 1 billion pounds ($1.20 billion) in British battery storage technology, Reuters said. "We are committed... to deploy a billion pounds across the United Kingdom to accelerate the battery storage solutions," Jameel Al Ramahi told the International Energy Week conference, according to the...

Profits soared 43 percent to 1.2 billion dirhams ($327 million) despite higher oil prices as the United Arab Emirates carrier bounced back strongly from a Covid-hit 2021. The year ended with a mass airlift of World Cup fans to and from Qatar, with 1,290 flights -- up to 30 a...

Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply, according to the International Energy Agency.

The Security Council has an obligation to find ways to "provide protection" for Palestinian civilians, the Palestinian ambassador to the United Nations pleaded Tuesday after Israeli settlers attacked a town in the occupied West Bank. "We believe that the Security Council has a responsibility to shoulder, especially with regard to...

ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED) and Jenaan Investment, has announced the winners of the CEO program, Agritech Edition. After a rigorous nine-month program that aimed to cultivate entrepreneurship and innovation skills, build and grow ag-food...

The hotel, with its ultra-prime location, is one of the most sought-after real estate assets in Paris, France.

Abu Dhabi, UAE -The Central Bank of the UAE (CBUAE) has revoked the licence of Dollar Exchange, an exchange house operating in the UAE and struck off its name from the Register, pursuant to Article 137 of the Decretal Federal Law No.14 of 2018 regarding the Central Bank and Organisation...

There might be a global slowdown in the property market, but thanks to Russian buyers, the UAE, in contrast, has seen a stunning growth in the sector.

GENEVA, SWITZERLAND -  The United Arab Emirates is participating in the 52nd session of the Human Rights Council in Geneva, Switzerland  which started Monday and will continue until April 4. The head of the UAE delegation Ahmed Abdul Rahman Al-Jarman, Permanent Representative of the UAE to the United Nations and...

The SpaceX Dragon Crew-6 mission is set to lift off from the Kennedy Space Center in Florida at 1:45 am (0645 GMT). Weather conditions are expected to be near perfect. The Crew Dragon capsule, dubbed Endeavour, is scheduled to dock with the ISS at 2:38 am (0738 GMT) on Tuesday....

Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion for nine joint industrial projects. The announcement came following a meeting of the Integrated Industrial Partnership for Sustainable Economic Development. Jordan Prime Minister Bisher Khasawneh oversaw the signing of the...

SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange, to introduce a new payment service and enhance customer experience. The newly signed partnership will allow SAIF Zone’s investors and clients to conveniently pay fees at any of Al Ansari...

Abu Dhabi, UAE--The UAE has presented Syria with 10 state-of-the-art ambulances, as part of Operation Gallant Knight 2 and the UAE's ongoing efforts to aid the quake-hit Syrian people. Dr. Salem Al Falasi, who is in charge of following up on the needs of the health sector in Syria, said...

Abu Dhabi, UAE--The 15th session of the joint UAE-Algeria Economic Committee has been held in Abu Dhabi under the chairmanship of Abdullah bin Touq Al Marri, Minister of Economy, and Algerian Minister of Industry, Ahmed Zaghdar, in the presence of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for...

Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar, and Finnish investment and asset management group Taaleri, has announced the formal inauguration of the 200-megawatt (MW) Baynouna Solar Park – the largest clean energy project in Jordan. The inauguration...

ABU DHABI, UAE -  Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in the first G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in 2023. Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under...

Abu Dhabi, UAE--The Emirates Defence Companies Council (EDCC) and the Canadian Business Council (CBC) in Abu Dhabi signed a Memorandum of Understanding (MoU), aimed at accelerating cooperation and identifying business opportunities in defence industries. The MoU was signed today at Tawazun Council Chalet in IDEX and NAVDEX 2023, currently held...

A set of protective features employs the most innovative computing in the spatial awareness field to provide drivers with the opportunity to safeguard their experience

Welcoming the FATF statement recognizing the progress made in the Gulf country, the UAE has reaffirmed its commitment to advancing global efforts to safeguard the international financial system from malicious actors and perpetrators of financial crime, both at home and abroad.

"We utilise all forms of clean energy to cut carbon emissions and mitigate the worst impacts of climate change. The UAE’s approach is showing tangible benefit, with over 5.5mT of carbon emissions removed for every unit brought into commercial operation at the Barakah plant," adds Mariam bint Mohammed Almheiri.

Companies will emphasize less on diversification and disruptive offerings this year, predict chief executive officers in the Gulf region.

DUBAI,  UAE -  Dubai Chamber of Commerce organized a Corporate Tax Workshop to help participants navigate the new regime, with expert advice from senior members of corporate tax and legal teams at PwC Middle East. After issuing the UAE issued Federal Decree-Law No. 47 of 2022 on Taxation of Corporations...

MTS Bank, approved for its licence last year, was one of more than 200 entities and individuals targeted by the fresh sanctions on the first anniversary of Russia's invasion of Ukraine. The Central Bank of UAE said MTS earned its license because it "fulfilled the criteria for licensing branches of...

The UAE has reduced arms imports by more than 40 percent over the past decade, taking it from the third to the ninth largest importer globally, according to the Stockholm International Peace Research Institute. The UAE was the second largest recipient of US arms between 2012 and 2016 but dropped...

SHARJAH, UAE - Expo Center Sharjah (ECS) wrapped up the eighth edition of Paper One Show on a high note. The exhibition managed to cement its leading position as one of the key regional events specialized in the paper industry. The event's eighth edition which was organized by Al-Furat Fair...

Abu Dhabi, UAE--- Non-oil foreign trade between the UAE and Kuwait has grown 87 percent over the past ten years to reach AED43 billion ($11.70 billion) by the end of 2022, compared to AED23.3 billion in 2013, according to UAE's Federal Competitiveness and Statistics Centre (FCSC). The FCSC data showed...

ABU DHABI, UAE  -  The Department of Health – Abu Dhabi (DoH), which regulates the healthcare sector in the emirate, has announced the winners of its Healthcare Research and Innovation Grant. The grant, launched in September 2022, received over 70 complete submissions, and the top eight were awarded a monetary...

Abu Dhabi, UAE--The commercial operations of the Unit 3 of Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi has commenced, Emirates Nuclear Energy Corporation (ENEC) said. As the third unit to be delivered in three consecutive years, this adds a further 1,400 megawatts (MW) of zero-carbon...

ABU DHABI, UAE -   UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan and Algerian Minister of Industry Ahmed Zeghdar discussed enhancing cooperation in the economic, industrial and commercial sectors between the two countries.    In a meeting between Sheikh Abdullah and Zeghdar in Abu...

The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan's capital Amman.

Abu Dhabi, UAE—A total of 10 deals worth AED2.7 billion ($735 million) were signed on the fourth day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) 2023. Today’s deals bring the cumulative value of the deals signed by Tawazun Council, the UAE government agency that deals...

In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean and renewable energy projects with a total capacity of 4,000 MW, underscoring the commitment of the two countries to climate action.

Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business groups within the F&B industry for HORECA traders, meat and poultry, bakeries, organic food, groceries as well as hypermarkets and supermarkets sectors. “We are on track to reach our goal...

Abu Dhabi, UAE-- The non-oil trade between the UAE and Azerbaijan has risen threefold during the past five years, said Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade. Al Zeyoudi told WAM that the non-oil trade between the two countries totaled more than AED10.2 billion over...

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