UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars, Hamid Haqparwar, MD of BMW Group Middle East, tells TRENDS.

The UAE moon-sighting committee is expected to convene to confirm the official starting date for Eid.

The United Arab Emirates (UAE) has given go-ahead to the formation of a digital economy council in a cabinet meeting. It also approved a plan according to which the digital economy can contribute 20 percent to the gross non-oil national economy in the coming years.

Artificial Intelligence, wired into the economic plans of many GCC countries, is likely to contribute 12.4 percent to Saudi GDP and 14 percent to the UAE's GDP by 2030.

Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when it comes to power generation.

Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.

The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year.

The UAE has earned a unique distinction of becoming the only Arab country to be propelled into the premier club of nations with the most technologically advanced governments.

UAE and UK authorities met for a series of technical workshops in March 2022 in both Abu Dhabi and London to share information on issues of mutual concern and enable participants to better understand illicit finance risks, threats, and typologies. The workshops were held under the UAE-UK Partnership to Tackle...

The UAE's Gross Domestic Product (GDP) for 2021 has exceeded expectations, registering the highest rate in the region of AED 1.489 trillion. "In a turbulent and changing world, the UAE has been moving steadily forward,” Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum said ...

Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial Services Authority or externally to their auditor, the DFSA or a law enforcement agency. The enhanced protection comes after DFSA launched its regulatory regime for whistleblowing, which is the first...

Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets and recover the pilfered digital currency.

UAE received $20.7 billion in Foreign Direct Investment in 2021, recording a 3.9 percent growth over 2020. The country’s FDI balance now stands at AED 630 billion ($171.6 billion) by the end of 2021, a 13.7 percent growth over 2020. Over the past ten years, FDI inflows into the country...

The total annual dividend for 2021 is now Dh0.8 per share.

Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt from the upcoming corporate tax regime, experts tell TRENDS.

The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform traditional agricultural practices efficiently and sustainably. The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen, an Abu Dhabi entity that partners with leading...

The COP28, to be hosted in Dubai in 2023, is at a convenient time frame away from the recently concluded COP26, which witnessed several nations — the UAE, India, and the KSA, among others — make net-zero pledges. Therefore, the 2023 summit will offer talking points based on visible progress...

Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension scheme for retiring or retired employees from both the government and private sectors.

The MoU is said to be in the field of maritime transport, exchange of experiences, and strengthening strategic partnership.

Traditionally, many Muslim-majority countries have followed dates set by Saudi religious authorities, but in recent years many have used their own astronomic calculations.

Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal with the trash they generate.

The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the US tapping into its reserves to tame high crude oil prices.

Binance, the world's biggest crypto exchange in trading volume, will hire more than 100 people in the UAE, days after being licensed by Dubai's new virtual assets regulator this month.

UAE-Colombia non-oil trade was valued at AED991 million ($269.84 million) last year. Under the partnership, this figure could increase threefold soon.

GCC countries have a highly dynamic environment characterized by growing populations, a broad diversity of patient demands and increasing healthcare budgets, says Rodrigo Rodriguez, the Middle East Cluster General Manager of Takeda Pharmaceutical Company.

Israel described as "historic" the deal abolishing customs duties on "95 percent of the products" exchanged between the Jewish state and Gulf Arab country after the normalization of ties in 2020.

At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number of conferences.

Sudan's de facto leader General Abdel Fattah al-Burhan on Wednesday started his first official visit to Egypt since last year's military coup. Burhan, greeted on arrival by Egypt's President Abdel Fattah al-Sisi in a ceremony broadcast live on state television, was accompanied by the head of general intelligence services, according to...

This year’s summit has brought together 190 countries, over 500 speakers, and 4,000 participants worldwide to discuss the future of governments.

Although they were allowed only a miserly 23 percent ball possession, the Emiratis managed to sneak a goal through the South Korean defense in the 54th minute to grab a crucial victory and finish on 12 points. Mohammed al-Balushi provided the assist, and after a 40-yard run, Harib Abdalla Suhail...

The UAE has called for a stronger investment in oil and gas resources in order to protect the global economy from the effects of geopolitical issues and to manage the energy transition of the future.

Speaking at the MENA Climate Week Dr. Al Jaber explained that the UAE is adopting a comprehensive, balanced and proactive approach to climate action.

The United Arab Emirates on Monday urged Western countries to be "reasonable" in their expectations, underlining its commitment to the global OPEC+ energy alliance.

The fisheries sector in the UAE has changed quite a bit over the past two decades, with a pointed move towards sustainability.

Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that makes it difficult for rivals to emulate their products and services. What of the rest? Lovrenc Kessler, Managing Partner of Simon-Kucher & Partners Middle East, explains.

The port operator will develop a virtual trade corridor between the two countries.

UAE’s Ministry of Finance will organize a series of specialized dialogue sessions on the sidelines of the World Government Summit (WGS) 2022 to deliberate on the most prominent global financial trends and exchange global governments’ experiences and expertise. This year’s summit themed ‘Shaping the Future of Governments’ will be held...

The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to shore up the country's teetering economy as hardships from the Ukraine war spike.

According to US officials, discussion over the nuclear deal with Iran and global wheat shortage caused by the Ukraine war are among the main agenda of this trip of the US Secretary of State.

Called the UAE-Türkiye Real Estate Development Construction Roundtable, it will be held on Wednesday, March 30.

For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.

The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.

Analysts have said that "most" of the parties to Friday's meeting in Jordan are "historic allies and friends of Washington but are linked to Moscow."

The startup is scheduled to provide its customers with an integrated package of products and services that contribute to enhancing the last-mile delivery experience.

More than ever before, wealthy expatriates in the UAE as well as the world are pursuing citizenship options elsewhere.

Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with its Dutch counterpart Atradius Dutch State Business (Atradius DSB) to boost the bilateral trade and economic relations between the UAE and the Netherlands. The bilateral meeting took place at ECI’s branch office in...

Israel said it will host a "historic summit" from Sunday of top diplomats from the United States and three Arab states with which it has normalized ties. A series of diplomatic meetings would be attended by US Secretary of State Antony Blinken and his counterparts from the UAE, Bahrain and...

Multiply Group has said that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) initial public offering as a cornerstone investor.

A similar amount was paid for the first half of 2021 in October.

This is expected to benefit over 7,100 people in the region, including 5,700 women and children.