ADNOC Distribution will acquire 50 percent stake in TotalEnergies Egypt.

The profits rose despite 60 percent hike in fuel costs.

Financial sanctions covers banks’ failures to achieve appropriate compliance regarding required due diligence and reporting procedures and standards. All banks operating in the UAE were allowed ample time by the CBUAE to implement the CRS.

The United Arab Emirates has launched the Power-to-Liquids (PtL) Roadmap: Fueling the Aviation Energy Transition in the United Arab Emirates, which was drafted in cooperation between the Ministry of Energy and Infrastructure and the World Economic Forum. The PtL roadmap shows the financial, economic and environmental benefits of PtL in...

The UAE foreign minister Sheikh Abdullah bin Zayed Al Nahyan in a phone call to his Turkish counterpart Mevlüt Çavuşoğlu described the agreement as a ''key step.''

While Saudi apex bank has raised its repurchase rate by 75 bps to 3%, and its reverse repo rate by a similar margin to 2.50% to restore price stability and fight inflation. The central banks in the UAE, Qatar and Bahrain also raised their rates to 2.4%, 3% and 3.25%,...

A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi.

The profit saw an increase of 3 percent over H1 2021.

The Telecommunications & Digital Government Regulatory Authority (TDRA) said that over 10 million people visited the Official Portal of the UAE Government (U.AE) during the first half of 2022, an increase of 26% against the same period last year.

Abu Dhabi Securities Exchange has recorded its highest rise in terms of market value and trading value at end of the second quarter of 2022, according to the Arab Monetary Fund.

A global survey conducted among 2,100 IT Security Decision Makers (ITSDMs) reveals that 60 percent of respondents believe their organizations overall security strategy does not keep pace with the threat landscape.

They will collaborate on key oil and gas projects.

Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth country to join the Industrial Partnership for Sustainable Economic Development, which includes the UAE, Jordan and Egypt.

The Abu Dhabi International Boat Show (ADIBS), organized by the Abu Dhabi National Exhibitions Company (ADNEC), has entered into a three-year sponsorship agreement with Abu Dhabi Maritime to support the event’s upcoming editions.

A survey in the GCC region reveals that almost all the respondents believe that rising inflation will impact their cost of living by at least 10 percent while over two-thirds said they still view equity markets favorably.

The 6th edition of Al Dhaid Date Festival came to a successful conclusion at Expo Al Dhaid, after four days of heritage activities and strong competitions among exhibitors.

An increasing number of strategic agreements are being signed with the regional players as Europe, US seek to diversify sources of energy supply, says an expert at IRIS

The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area.

Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This is part of its efforts to provide a state-of-the-art infrastructure as per the best international standards.

The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the UAE’s and Dubai’s drive to implement progressive labor policies that integrate global best practices.

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.

Abu Dhabi's real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over US$6.13 billion (approx) as per the latest report released by the Department of Municipalities and Transport (DMT).

The French Ambassador to the UAE, Xavier Chatel, described the first official visit to France of UAE President Sheikh Mohamed bin Zayed Al Nahyan as successful and important in all domains.

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister has issued a decree regulating the grant of title to allotted industrial and commercial land in Dubai

The Federal Tax Authority expanded its efforts in collaboration with various government departments, ministries and authorities to protect consumers from non-compliant products, combat tax evasion and ensure compliance with tax laws and procedures.

The developer sold homes valued at $405m in Sharjah.

The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness as an ideal destination for health tourism.

The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four units of the Barakah Nuclear Energy Plant

Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.

Noura bint Mohammed Al Kaabi, UAE’s Minister of Culture and Youth, discussed cultural cooperation with Rima Abdul Malak, Minister of Culture of France on Wednesday. The meeting between the two was held at the ministry’s headquarters in Paris on the sidelines of UAE’s President Sheikh Mohammed bin Zayed Al Nahyan...

The US president could not dispel the view that the Washington is no longer a reliable ally and he also failed to connect at a personal level with the young GCC leaders, say experts.

In a joint statement, French President Emmanuel Macron and UAE President Sheikh Mohamed bin Zayed Al Nahyan who visited France on July 18 and 19 expressed deep concern regarding war in Ukraine, its terrible impact on civilians, the humanitarian situation, and its effects on commodity markets worldwide.

Dubai issued 45,653 new business licenses in the first half (H1) of 2022, registering a growth of 25 percent compared to the same period last year. The numbers reaffirm the success of the government's innovative new strategic approaches and policy amendments that have revitalized the economy.

In 2021, the number of French tourists visiting the UAE rose to 311,570, an increase of 59 percent, compared to 2020.

A deal between French energy giant Total Energies and UAE's ADNOC remain the prime focus even as the two countries sign about a dozen bilateral agreements and MoUs.

Only the GCC countries score high on the Index that measures women’s inclusion, justice and security in 170 countries. UAE was the highest ranked country in the MENA region.

UAE's Ministry of Human Resources and Emiratization (MoHRE) has honored 16 companies that achieved over triple their Emiratization ratios in two months only – June and July 2022.

The non-oil trade between the UAE and France increased by 8 percent from 2012 to 2021, from AED23.2 billion ($6.3 billion) in 2012 to over AED25.2 billion in 2021, according to data from Federal Competitiveness and Statistics Centre, which showed a growth of 28 percent in trade exchange over the...

Dubai Financial Market (DFM) Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE to take this step. The move is in line with the UAE Government’s decision pertaining to the trading of cooperative societies' shares on financial markets, which aims to strengthen the...

Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10 new 132/11 kV substations in different areas in Dubai, during the first half of 2022.

Sheikh Mohamed's visit is expected to conclude with 'the announcement of guarantees given by the UAE on quantities of hydrocarbon supplies to France,' says Macron's office.

The past years witnessed the signing of dozens of agreements and memoranda of understanding between the two countries in various economic, cultural, military and environmental fields, the latest of which was 13 agreements signed during the visit of the French President to the UAE last December.

An agreement between Dubai Land Department and Emirates NBD eliminates the need for manually managing postdated cheques submitted to landlords.

UAE Space Agency on Sunday announced a new AED3 billion ($816 million) national investment and development fund for the space sector, The National Space Fund. The Fund will support ground breaking new programmes launched to support international and Emirati companies co-operating in leading edge space sector engineering, sciences and research...

In a joint statement following the summit -- attended the GCC member states, Jordan, Egypt, Iraq and the US -- the leaders also vowed to enhance regional cooperation and integration, and build joint projects to achieve sustainable development and collectively address the climate challenges.

Agritech, proptech and fintech sectors remain popular among investors as the region's startups raise nearly 76% of their capital with UAE-based firms leading from the front.

The UAE delegation to the 2022 High-Level Political Forum on Sustainable Development (HLPF) at the United Nations (UN) Headquarters in New York, presented the second edition of the UAE’s National Voluntary Review Report.

US President Joe Biden on Saturday invited his UAE counterpart, Sheikh Mohamed bin Zayed Al-Nahyan, to visit the United States this year.

US President Joe Biden told Arab leaders on Saturday that Washington would remain fully engaged in the Middle East and would not cede influence to other world powers. "We will not walk away and leave a vacuum to be filled by China, Russia or Iran," Biden said during the Jeddah...

The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best international practices in the field of eco-labeling.