UAE’s Ministry of Defense said on Tuesday that it signed three new deals worth AED966.25 million ($263 million) on the second day of the 5th edition of UMEX & SimTEX 2022. On the second day, the event witnessed wide-scale participation of major companies specializing in unmanned systems, training, and simulation...

UAE reached the top spot globally as a rough diamond hub, trading over $22.8 billion worth of rough diamonds in 2021. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, announced this at the Dubai Diamond Conference, local media reported. The conference was held at Dubai Multi Commodities Center...

Beside Covid-19 pandemic, many countries in the region face war and conflicts. A robust economic system necessitates an effective strategy to combat corruption. If GCC countries wishes to be prosperous, there must be systems in place to fight corruption and ensure that the integrity of the state is maintained.

An improved regulatory support, government promotional initiatives, and heightened interest from business leaders in the private sector benefits the sector in the region.

UAE has saved $191 billion by using alternative sources of energy, according to Suhail Al-Mazroui, UAE energy minister. Speaking at the International Petroleum Technology Conference 2020 in Riyadh, Al-Mazroui said the huge saving prompted the UAE to think seriously about using cleaner forms of energy. He said the UAE is...

ADX’s market liquidity jumps five-fold in 2021 amid IPO boom, as traded values on the exchange increased 407 percent from AED 145 billion ($39.47 billion) in 2020 to AED 739 billion in 2021, driven by higher levels of domestic and international investment. Local investors accounted for 70 percent of the...

The UAE warned Sunday of the rising threat of drone attacks, such as those launched against it by Yemen's Houthi rebels, at a defense industry conference on unmanned systems. The UAE has been on heightened alert since a Houthi drone and missile attack killed three oil workers.

The initiative will provide affordable medicines to uninsured and low-income expat patients or those whose insurance does not cover the cost of treatment of several diseases.

The UAE has announced that it will  allow cooperative associations to trade their shares in financial markets, according to media reports.

The UAE government has been praised by no less than the International Monetary Fund for the handling of its economy during the pandemic.

The decree details the responsibilities of both employees and employers to ensure work stability and increase productivity in the workplace.

Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as a global tourism hub.

Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, and India's Prime Minister Narendra Modi held a virtual summit to witness the signing of the Comprehensive Economic Partnership Agreement, among other pacts.

The meeting was held on the sidelines of the official visit of Turkish President to the UAE.

Unlike the bullfights popular in Spain and Mexico, where the animals are typically slain by matadors, in Fujairah two beasts go head-to-head with far less fatal consequences.

The company nearly doubled its brokerage revenues in 2021.

The move is said to be conducive to strengthening the regulatory environment of the cooperatives sector and driving their economic returns.

The industry, stabilized significantly with experienced surgeons and the availability of good facilities, woo a sizable number of foreign clients to UAE during the pandemic.

G42 Cloud, a subsidiary of G42, the UAE-based AI and cloud computing company, and Serbia signed a Memorandum of Understanding (MoU) to develop AI and cloud computing solutions in the fields of healthcare and finance.

The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its efforts to enhance food security, a new analysis from the Dubai Chamber of Commerce has revealed. The findings, released on the sidelines of Gulfood 2022, will be discussed in further...

This was discussed at panel discussion about "Innovation in Home Businesses" which was organised by the Ministry of the "UAE Innovates-February 2022" and Innovation Week in Expo 2020 Dubai.

According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided with a major surge in factories commencing production in 2021, with 220 new facilities going into service.

The UAE is already the Philippines’ biggest export partner in the Middle East.

The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves.

Trade between Brazil and Arab countries grew by 44 percent during 2021, with food exports alone reaching an estimating $14 billion, its highest since 2012, said Tamer Mansour, CEO of the Arab Brazilian Chamber of Commerce. This comes as Arab countries, especially in the Gulf region, are combating the pandemic...

Turkish President Recep Tayyip Erdogan called on business leaders in the wealthy United Arab Emirates Tuesday to invest in his country, which is in the grips of an economic crisis.

The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify food imports.

The UAE Food & Beverage Business Group enables the active participation of professionals, Emiratis and SMEs to support the food sector.

The signing of cooperation agreements and MoUs ‘mark the beginning of a new era in relations’ between the two countries as Erdogan visits UAE after nearly a decade.

The company will provide enhanced managed services to the UAE government.

Turkish President Recep Tayyip Erdogan reached Abu Dhabi on Monday for his first visit to the UAE in nearly a decade. To greet Erdogan on his trip, which will take him to the Expo 2020 Dubai world fair , the UAE was lighting up Burj Khalifa, in the colors of...

US officials in the United Arab Emirates met with Afghans after a protest in Abu Dhabi this week and discussed their "potential" transfer to the United States, an embassy statement said.

Erdogan's visit on Monday will be marked by a visual display on the Burj Khalifa façade, lighting up several landmarks and iconic buildings in the colors of the UAE and Turkey flags, and displaying celebratory messages on electronic panels.

UAE government's World's Coolest Winter campaign, which was launched in December 2021, has raised revenues of hotel establishments to AED1.5 billion ($408 million), compared to AED1 billion in its first edition in 2021, marking an increase of 50 percent. An official statement said the campaign promoted tourism, natural sites and...

The Saudi Stock Exchange’s main index TASI started and ended the week with a 0.5 percent rise despite the fluctuation.

The market is expected to grow at an annualized growth rate of 3.2 percent, from $26.5 billion in 2021 to $31.1 billion in 2026. Along with the lifting of Covid-19 restrictions, digitization activities by insurers in the region will boost the expansion plan of the insurance business.

The UAE and Israel signed a Memorandum of Understanding (MoU) to strengthen their tourism and economic cooperation and reinforce their bilateral ties. The MoU was signed by Dr. Ahmed Belhoul Al Falasi, Minister of State of Entrepreneurship and SMEs and Chairman of the Emirates Tourism Council, and Yoel Razvozov, Israeli...

The UAE and Israel are inviting universities and research institutes in both countries to submit joint research proposals based on data collected from an Israeli Vegetation and Environment Monitoring New Micro Satellite, which monitors the environment and vegetation on earth. The UAE Space Agency, Israeli Ministry of Innovation, Science and...

The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, had cut production sharply in 2020 as prices collapsed after the Covid pandemic emerged.

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).