Dubai, UAE-- Emirates NBD has announced the successful pricing of its inaugural AED1 billion ($272 million) dirham-denominated bond, the first such issue by a UAE bank. The group's bond sale will support the further development of a medium-term bond yield curve and facilitate access to financing for UAE corporations, the...

The latest statistics of the Central Bank attributed the monthly increase in foreign assets to the rise in bank balances with banks abroad by 2.2 percent.

Face and iris recognition technology vary by country in the region, and expecting it to be implemented in many airports around the world in a short time is unrealistic, says an expert.

DUBAI, UAE  - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along a maritime route from Iran to Yemen. The cargo was discovered on Friday off the coast of Oman "on a route historically used to traffic illicit cargo to the Huthis...

Around 150 representatives from Bahrain, Egypt, Israel, Morocco, the UAE and the United States discussed boosting security cooperation through information sharing as part of the so-called Negev Forum, a gathering born out of recent normalization deals between Arab states and Israel.

ABU DHABI, UAE - Masdar has announced the signing of an agreement with the Ministry of Energy of Kyrgyz Republic to develop a pipeline of renewable projects in the country. The projects, with a total capacity of up to 1 gigawatt (GW), start with a 200-megawatt (MW) solar photovoltaic (PV)...

ABU DHABI, UAE - Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched the updated version of its Effortless Certificate of Origin service, which aims to enhance customers’ experience and reduces the time taken for acquiring the service. This comes as part of its participation in the Abu Dhabi...

Sharjah, UAE--The Sharjah Department of Public Works (SDPW) conducted a workshop on the "Sharjah Ports, Customs and Free Zones Authority Building" project and the lessons learned from the project. Ali bin Shaheen Al Suwaidi, Head of the SDPW, confirmed that the department supports carbon neutrality and zero carbon emissions in...

The contribution of financial companies operating from DIFC to the financial services sector in the country exceeded 13% of the nominal GDP of Dubai during 2021, Amiri said.

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.

MUSCAT, OMAN -  UAE Minister of Education Dr. Ahmad Belhoul Al Falasi and Oman Minister of Education Dr. Madiha bint Ahmed Al Shaibaniyah discussed advancing the cooperation between the two countries in the education sector.   The meeting was held in Muscat and aimed at boosting the coordination and cooperation...

The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows translates into a consistent Emirati approach, as trade has always represented an integral part of the history and heritage of the country, he adds in an Op-Ed published by Emirates...

A delegation of the UAE Federal National Council's Parliamentary Division, led by Dr. Nidal Mohamed Al-Tunaiji met with Nuzhat Sadiq, Member of the Senate of Pakistan.

ANTALYA, TURKEY - The UAE Parliamentary Division of the Federal National Council (FNC), participated in the meeting of the Standing Committee on Political Affairs of the Asian Parliamentary Assembly (APA). The FNC delegation was represented by Dr. Nidal Mohammed Al Tunaiji, Head of the UAE Parliamentary Division at APA, and...

SHARJAH, UAE - The Sharjah Consultative Council (SCC), in its seventh session, held as part of the fourth regular session of the tenth legislative term discussed the policy of the Districts and Villages Affairs Department (DVAD). The SCC meeting, at its headquarters in Sharjah, was chaired by Ali Mehd Al...

DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a storage capacity of 30 million imperial gallons (MIG) and is being built at a cost of approximately US$23 million (AED86 million). It is expected to be completed in April 2023....

Reduction in hunger, provision of food security and improved nutrition, and promotion of sustainable agriculture contribute to sustainable development in the region, says an expert.

DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD). A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903...

The project is underpinned by a central green spine that runs the length of the community, featuring parks, lakes, and biodomes.

Abu Dhabi, UAE- The UAE has dispatched a second consignment of household generators for the Ukrainian civilians affected by the ongoing war with Russia. In December, the UAE announced that it's sending 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure and...

The company revealed its plan to raise the Emiratisation percentage to 73 percent of the total engineering jobs by the end of 2023.

Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according to the Arab Monetary Fund (AMF). The AMF said in a statement that the market value of the Abu Dhabi Securities Exchange reached $714.6 billion in the reference year, while...

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.

DUBAI, UAE  - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based in the USA, in the "Organizational Achievements" category. This is in recognition of DEWA's global achievements in total quality and excellence. DEWA is the only entity worldwide to win this...

Dubai, UAE---Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said. These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million, and 26 gift deals amounting to AED503.85 million. The sales included 455 villas and apartments...

China, Singapore and Hong Kong are planning to convert 80 percent of their cities into sponge areas by 2030 for various purposes.

Kidane Zekarias Habtemariam has been accused of being a smuggling kingpin, running a camp in Libya where hundreds of East African migrants seeking passage to Europe were allegedly kidnapped, raped and extorted. Habtemariam, subject of two Interpol red notices, was arrested on Jan 1 by Sudanese police in coordination with...

They will co-invest in global credit opportunities.

ABU DHABI,  UAE - The Abu Dhabi Judicial Academy (ADJA) has conducted a specialized training program on drafting and writing contracts and legal memoranda. This was done to develop the skills and competencies of practitioners engaged in the legal professions in the public and private sectors. The program also updates...

ADIB acquired 9.6m shares from National Investment Bank.

The first category, which currently consists of 51 individuals, is for those who have reached the legal retirement age.

The UAE President Sheikh Mohamed bin Zayed has met with Jordan's King Abdullah II in Abu Dhabi and discussed "fraternal relations and cooperation between the two countries." The king was received by the president at Al Shati Palace where the two exchanged new year greetings and prayed for progress and...

GCC countries witnessed the launch of massive economic and development projects in various sectors last year as part of their strategy to diversify their economies.

The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand from clean and sustainable resources.

The Gulf emirate's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed "D33", with targets totalling 32 trillion dirhams ($8.7 trillion). The plan would "double the size of Dubai's economy in the next decade and consolidate its position among the top three...

Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion, according to Pakistan's ambassador to the UAE Faisal Niaz Tirmizi. The last calendar year recorded a US$10.6 billion in trade “the highest volume Pakistan had in the Middle East and...

According to data recently released by the CBJ, Jordanian expatriates' remittances in the first ten months of 2022 increased by 0.6 percent.

The summit is being held in partnership with the Hydrogen Council, Atlantic Council, International Renewable Energy Agency and Dii Desert Energy.

At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage.

Ducab's supplying medium voltage and earthing cable.

Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly flights.

The UAE, which launched diplomatic ties with Israel in 2020, "strongly condemned the storming of Al-Aqsa Mosque courtyard by an Israeli minister", in a foreign ministry statement. The US ambassador to Israel, Tom Nides, said Washington "has made it clear to the Israeli government it opposes any steps that could...

SHARJAH, UAE - The Sharjah Executive Council (SEC) discussed on Tuesday a report on commercial boards made for economic institutions and their impact on the general urban appearance of the emirate.  Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Sharjah...

SHARJAH,  UAE - Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the SteelFab (SteelFab 2023) exhibition, the largest event of its kind in the Middle East and North Africa region. The event is being organized by ECS, with the support of the...

The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and 2027.

DUBAI, UAE -  Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023, under the patronage of the UAE Ministry of Energy and Infrastructure, in association with Seatrade Maritime Club. During the event, the region’s maritime sector will come together for valuable business...

ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has introduced the first of its kind mobile BSL-3 (Biosafety level 3) Laboratory in the Emirate. The mobile laboratory will be accessible across four sites in Abu Dhabi, including Sheikh Khalifa Medical City (SKMC), Al Rahba Hospital, Tawam Hospital and...

Abu Dhabi, UAE-- The UAE and Azerbaijan have reviewed bilateral relations between the two countries and pledged to deepen ties across all the fields. In this connection, Sheikh Abdullah bin Zayed Al Nahyan, UAE's Minister of Foreign Affairs and Jeyhun Bayramov, Minister of Foreign Affairs of Azerbaijan, reiterated their resolve...

Through Dubai Metaverse Strategy, the emirate looks to create 40,000 virtual jobs and add $4 billion to the economy over the next five years.

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means and taxis during the New Year’s Eve 2023. The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders. The breakdown of ridership was as follows:...