A new digital bank backed by ADQ, an Abu Dhabi-based investment and holding company, will soon begin operations, after the Central Bank of the UAE gave the approval.

The Global Entrepreneurship Monitor (GEM) has ranked the UAE 1st globally in its Global Entrepreneurship Index 2022, which was unveiled this week.The UAE climbed three spots from its 4th global ranking in last year's report to accomplish this feat, outperforming other leading global economies studied by the report. The UAE...

Experts help TRENDS see the road that lies ahead for electric vehicles in the region, and its one of hope: for both business and the environment!

The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Industry, Trade and Tourism (MITT) signed a Memorandum of Understanding (MoU) to boost cooperation in the field of industry and advanced technology across multiple sectors. The MoU aims to establish a framework that will facilitate and enhance...

Fragments fell to the ground after the interception of the drone over Abha International Airport, which has previously been targeted in similar assaults by the Houthi rebels. The injured included citizens of Bangladesh, India, Nepal, the Philippines and Sri Lanka as well as two Saudis.

The reconstruction of Al-Hadba minaret and Al-Saa’a and Al-Tahera Churches in the city is being carried out by UNESCO in cooperation with the UAE.

This was revealed during the media briefing on the coronavirus pandemic by Dr. Saif Al Dhaheri and Dr. Farida Al Hosani, official spokespersons for NCEMA and health sector respectively.

A 2021 report by McAfee estimates the monetary loss from cybercrime globally to be approximately $945 billion. When you add to this the global cost of cybersecurity products, the world is facing an annual loss in excess of $1 trillion, he adds.

Emirates Global Aluminum is looking to set up an aluminum recycling facility with a capacity to churn out 150,000 tonnes per year.

The UAE is the most competitive emerging market in GCC and the third most competitive on a global scale after China and India, according to the annual Agility Emerging Markets Logistics Index. The UAE led all 50 countries in the Index in creating the best business conditions and in the...

The UAE has launched the "building future talents" to build 10,000 UAE public school female students’ skills in the fields of science, technology, engineering and mathematics (STEM).

The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared to the corresponding period of 2020, and hiring activity will continue to strengthen in 2022, said recruitment specialist Cooper Fitch. Job creation across the region was driven primarily by a...

The UAE and Belgium have signed a memorandum of understanding (MoU) in order to strengthen cooperation in the fields of security and combating crime.

This comes amid recent attacks on the UAE by Houthi rebels from Yemen, which have prompted global condemnation.

Three members of the United Arab Emirates' Federal National Council visited Israel's parliament Monday, becoming the first Emirati delegation there since the US-brokered normalization of ties in 2020.

The UAE and France held discussions on energy challenges and opportunities for collaboration in order to maximize energy system efficiency and the deployment of low carbon technologies to support their net zero by 2050 ambitions.

The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.

Rwanda is keen to have the UAE’s cooperation to utilize geospatial data in developmental projects in key sectors.

Compared to Europe and US, cyber insurance is a profitable proposition for GCC firms due to amenable market factors such as low litigation environment.

From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.

Key regional leaders were present as Saudi Arabia on Friday made its first appearance at the Winter Olympics after alpine skier Fayik Abdi qualified to compete in Beijing 2022.

France said Friday it will help its ally the United Arab Emirates secure its airspace following drone and missile attacks by Yemeni rebels.

The United Arab Emirates has lifted curbs on travel to twelve African countries for citizens fully vaccinated and who have received a booster dose of the approved COVID-19 vaccines.

The Giants Brigades was established in 2015 on Yemen's western coast after the Saudi-led coalition's intervention that same year.

GCC countries appear to be reaping the benefits of their efforts this year, with all indications pointing to the economies making significant progress.

The UAE-Bahraini Light-1 CubeSat was successfully launched into orbit from the International Space Station, in cooperation with the Japan Aerospace Exploration Agency (JAXA). Light-1 CubeSat is a collaborative initiative of the UAE Space Agency, Bahrain’s National Space Science Agency, Khalifa University of Science and Technology, and New York University (NYU)...

More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said.

The United Arab Emirates on Wednesday said it prevented another drone attack over its territory, after Washington said it will send a warship and fighter jets to help defend its Gulf ally as conflict with Yemeni rebels intensifies. The UAE, a major financial hub and part of the Saudi-led coalition...

The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.

The deployment, to "assist the UAE against the current threat", follows a phone call between Defense Secretary Lloyd Austin and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan. The UAE suffered its third missile attack in consecutive weeks on Monday.

The Central Bank of the UAE will introduce a new set of terms and conditions for its standing credit and liquidity insurance facilities.

UAE's Consumer Price Index (CPI) at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts the inflation rate at 2.5 percent year-on-year and at 0.02 percent in December 2021 compared to November. A report from the Federal Competitiveness and Statistics Centre said the rate of...

The latest rebel missile was fired as Isaac Herzog makes the first visit to the UAE by an Israeli president.

Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.

The United Arab Emirates and the UK have agreed to develop trade and economic relations between the two countries.

The United States has condemned the Houthi missile attack on the UAE. On Monday morning, the UAE air defense forces had intercepted and destroyed a ballistic missile launched by Houthis.

The Abu Dhabi Chamber of Commerce and Industry has signed a cooperation agreement with the Economic Development Board of Mauritius (EDB) to further deepen the economic and trade relations between the two countries. The agreement will establish a framework for developing stronger business relations between the parties and cooperation procedures...

The UAE’s Ministry of Finance will start levying a 9 percent tax on business profits from June 1, 2023 thereby putting an end to tax-free culture that enabled the country to lure businesses from around the world. The UAE has been looking to reduce its dependence on revenue earned from...

The UAE Ministry of Defence gas confirmed there were no casualties resulting from the attack and the fragments of the ballistic missile fell outside of populated areas. It added that the UAE air defense forces and the Coalition Command had destroyed the apparatus in Yemen used to launch the missile.

Major economies in the MENA region have already got the ball rolling when it comes to diversifying their economies.

The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai. They also discussed several issues of mutual interest and the latest developments regionally and globally. The two...

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Israel, Isaac Herzog, on Sunday deliberated aspects of cooperation under the Abraham Accords Peace Agreement, signed by the two nations in 2020, in addition to a number...

The discussions are said to have taken place at Qasr Al Watan, the presidential palace.

Estimations by the Middle East and North Africa Attraction and Leisure Council (MENALAC) put the number of leisure centers in the UAE alone at around 400, employing more than 15,000 people. The industry, which was hit by the COVID-19 pandemic, is reviving as the Gulf country opens amidst high vaccination...

A UAE-trained militia said Saturday some of its fighters remained on the front lines in key Yemeni conflict zones as part of defensive measures after driving out the Houthi rebels.

The first location is scheduled to open in Dubai later this year.

Houthi fire from Yemen this month on the UAE, traditionally a haven of security in a turbulent Middle East, stirred alarm at home and abroad, but for many Saudis it's nothing new. In the Jizan region of southwestern Saudi Arabia, the local population has had to live for years with...

Emirates Telecommunications Group Company PJSC (Etisalat Group)  has completed the acquisition of elGrocer DMCC, the company said it a statement.

With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the forefront of telemedicine.

The UAE has introduced a "NAFIS" program to foster positive competition among UAE nationals, and enable them to take job opportunities in the private sector. The Emirati Talent Competitiveness Council (ETCC), in cooperation with the Federal Youth Authority, organized an event in the Youth Pavilion at Expo 2020 Dubai to...