The previous cap on foreign ownership was 49 percent.

PPPs boost efficiency, increase transparency in funds management, simplify processes that have cost implications, and integrate technologies, said ECI CEO

Dubai is looking to raise $817 million in the initial public offering of Salik. It is selling 1.5 billion shares at 2 dirhams ($0.54) apiece, giving the company an implied market capitalization of $4.1 billion. The IPO subscription will run until 20th September 2022 for the UAE retail offering.

The fourth auction, which witnessed the first issuance of five-year T-Bonds saw a strong demand through the six primary bank dealers, with bids received worth AED 8.60b, and an oversubscription by 5.7x.

Dubai, UAE - A Dubai court on Monday rejected Denmark's extradition request for a Briton accused of robbing the Danish state of 1.7 billion euros ($1.72bn) through tax fraud, one of his lawyers told AFP. Hedge fund trader Sanjay Shah was arrested in June by Dubai police on Denmark's request....

Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five times the region's current renewable energy production.

An International Atomic Energy Agency team of experts said the UAE's Barakah Nuclear Power Plant (NPP) had strengthened operational safety by addressing the findings of an IAEA safety review mission five years ago.

The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved an updated version of the UAE’s second Nationally Determined Contribution (NDC) under the Paris Agreement.

Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has increased by 292.3 percent since the opening of the Costa Rican embassy in the Emirates in 2017. For the year 2021, the total trade between both countries reached $49.1 million...

Dubai, UAE-- More than 27,100 companies have joined as new members of the Dubai Chamber of Commerce in the first eight months of 2022, marking a 69 percent year-over-year (y-o-y) increase and bringing total membership to over 314,000. Dubai Chamber of Commerce, which is one of three chambers operating under Dubai...

UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and prospects for enhancing it to advance their mutual interests. The talks took place during a meeting held between the two leaders at Qasr Al Watan in Abu Dhabi.

Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters related to the environment, society and governance.

The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its successful efforts in capturing FDI trends and patterns toward positioning the city as a global investment destination.

Firm plans to give cash dividend of US$844m.

The UAE bourses ended the week high with help from foreign investors, but the Saudi equities took a tumble under selling pressure.

With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers and not infrastructure teams, there is a better understanding which ultimately leads to high quality results, he adds.

Over 200 senior officials convened in the "Ambassadors Forum", organized by the World Government Summit Organization in partnership with UAE Ministry of Foreign Affairs and International Cooperation, to rally for international partnerships.

Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th World Green Economy Summit (WGES) is "Climate Action Leadership through Collaboration: The Roadmap to Net-zero."

The Chairman of the Ajman Chamber of Commerce and Industry (ACCI) recently received an economic delegation from the Russian Federation to discuss prospects for developing relations between business owners from the two countries.

The UAE ranks highest among GCC economies and 12th overall in the first edition of the Circular Carbon Economy Index that focuses on energy management of the countries.

Kabul, Afghanistan - A United Arab Emirates firm signed a contract with Afghanistan on Thursday to manage air traffic across the country as the Taliban authorities seek to expand international flights. While some flights are operating out of Kabul airport, significant extra support is needed for major foreign airlines to...

Real estate transactions in the Emirate of Sharjah totaled US$544 million (AED 2 billion) in August 2022, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD).

Dubai Electricity and Water Authority is committed to promoting Emiratization in its various divisions by adopting an integrated strategy to support and prepare UAE nationals to fill all engineering, technical and administrative jobs at DEWA.

The UAE has ranked 26th globally and first in the Arab world in the 2021/2022 Human Development Report, which is published annually by United Nations Development Program (UNDP).

Abu Dhabi, UAE -- Louvre Abu Dhabi and New York University Abu Dhabi (NYUAD) signed an MoU to collaborate in areas ranging from education, research, and talent development to performances and programmes. The MoU involves exchanges among faculty, staff, and students through programmes, events, and research projects; mutual access to institutional...

The UAE financial markets on Wednesday posted gains of over US$2.72 billion (AED10.billion) in market cap driven by upbeat sentiments at the realty, banking, telecom sectors and cash inflows by institutions and individuals.

The UAE has agreed to deepen collaboration with India in the field of education, and in this regard the two countries have signed a Memorandum of Understanding (MoU) to "widen the scope of those engagement."

Firms in the region are increasingly augmenting their focus on operational transformation with new approaches to manage and optimize energy consumption, says an expert.

Abu Dhabi, UAE-- Khalifa Fund for Enterprise Development has officially announced the launch of the E-Commerce Acceleration Programme, a training programme that focuses on helping entrepreneurs with their e-commerce capabilities and capacity. The programme  aims to help deliver results that impact the entrepreneur's bottom line, generate profit, expand their brand's...

Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries.

The total number of hotel guests in the UAE rose to 10.5 million during the first half of 2022, up from 8.3 million during the same period last year, latest research by Colliers suggests.

Riyadh--Saudi Arabia and neighbouring Gulf countries on Tuesday accused streaming giant Netflix of broadcasting content that "contradicts Islamic and societal values" and threatened legal action if it was not removed. A statement issued jointly by the Saudi media regulator and the six-member Gulf Cooperation Council, headquartered in Riyadh, did not...

The Abu Dhabi Judicial Department (ADJD) has achieved a record surge in total notarization and authentication transactions carried out in August 2022 by reaching 13,000 operations.

UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia to discuss strengthening global health infrastructure through expanding manufacturing and research hubs for pandemic prevention, preparedness and response.

"We want to attract startups and SMEs so they can prove themselves in the space industry and boost research projects”, Abdulla Al Marar, of the UAE Space Agency, tells TRENDS.

DMCC has hosted the unveiling of one of the world’s largest internally flawless fancy vivid pink diamonds – the "Williamson Pink Star" – at the Dubai Diamond Exchange (DDE).

DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released by Dubai's Land Department (DLD) showed. Additionally 93 mortgage deals of $53 million ( AED197.58 million) and 23 gift deals amounting to $233 million (AED858.27 million), the DLD revealed. The...

The lowest average monthly salary is paid in Sri Lanka (US$143.62) and the highest in Switzerland (US$6142.1), according to a latest survey.

Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a new main gas line at its Lower Zakum field offshore of Abu Dhabi.

Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and studies indicate that green hydrogen production will increase by 57 percent annually to reach 5.7 million tonnes in 2030.

It is a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick steps aren't taken to deal with heavy rainfalls, Dake Rechsand CEO tells TRENDS.

The UAE Ministry of Education has approved the Code of Conduct for professionals in the sector to set up clear, public ethical standards, rules and principles of conduct.

It will buy stake in a US healthcare firm Ardent.

Based on June data of Saudi and UAE central banks, the aggregate assets of Saudi banks (3.529.1 trillion) exceeded those of UAE peers (AED 3.449.2 trillion) for the first time since 2007, taking into account the official exchange rate of AED 1 equals SAR 1.02.

A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with the international community to confront challenges facing the global energy sector.

The UAE leads the region with adoption of developed regulations as technologies such as AI and VR have revolutionized the diagnostics and treatments in the aesthetic sector.

Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly robotic carrier to transport and lift solar photovoltaic panels easily from any surface.

The UAE top diplomat said that the ongoing dialogue between the two countries has led to the launch of the CSP in 2017, and the signing of the CEPA in 2022.

Abu Dhabi, UAE:  Abu Dhabi National Oil Company (ADNOC) announced on Thursday that its first shipment of low-carbon ammonia has left the UAE bound for Hamburg, Germany. This is the first ever cargo of low-carbon ammonia to be shipped to Germany. The demonstration cargo will be delivered to Aurubis, a...

As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.