Economy

DPWorld Invests $2.5B to Expand Global Logistics Infrastructure
DP World's $2.5 Billion Infrastructure Gamble Signals Global Trade Route Realignment Dubai's DP World is deploying $2.5 billion in 2025 to build logi...

Dubai Ports World Partners with Atlantis Dubai Resorts for Groundbreaking Collaboration
DP World and Atlantis Dubai Forge Strategic Partnership to Revolutionize Luxury Hospitality Logistics Dubai's port giant DP World has signed a compre...

Young Financial Advisors Program Launches, Empowering the Next Generation of Finance Experts
UAE Launches Ambitious Financial Advisory Program to Cultivate Next Generation of Economic Leaders The United Arab Emirates has launched a comprehens...

Gulf Electrical Interconnection showcases renewable energy best practices
Gulf States Accelerate Grid Modernization to Handle Renewable Energy Surge The Gulf Cooperation Council Interconnection Authority is racing to upgrad...

Abu Dhabi's Energy Efficiency Accelerators Power Industrial Growth
Abu Dhabi Launches Ambitious Industrial Energy Efficiency Drive to Cut Costs and Carbon Footprints Abu Dhabi has unveiled a comprehensive energy effi...

Adams Street Opens New Office in Abu Dhabi Global Market
Global Private Markets Giant Adams Street Partners Establishes First Gulf Hub in Abu Dhabi Adams Street Partners, a $62 billion private markets inves...

Dubai to Host Accessible Travel and Tourism Conference in October
Dubai Positions Itself as Global Leader in Accessible Tourism with Major Industry Conference Dubai is making a strategic play to capture a massive an...

Emsteel Supplies High-Quality Foundation Plates for New Floating Bridge at the Suez Canal
UAE's Emsteel Powers Suez Canal's Next Engineering Marvel with Advanced Bridge Technology Abu Dhabi-based Emsteel Group has secured a strategic contr...

Russian Far East Economic Forum Kicks Off in Vladivostok, Spotlighting Regional Development
Russia's Far East Forum Seeks Asian Investment Pivot as Moscow Doubles Down on Eastern Strategy Russia's Eastern Economic Forum launched its tenth ed...

Gold Soars to Unprecedented Highs, Setting New Records
Gold Soars Past $3,500 as Fed Rate Cut Bets Intensify Gold prices continued their record-breaking rally on Wednesday, holding firmly above the critic...

Local Stocks Soar: UAE Market Capitalization Hits AED 19.1 Billion Milestone
UAE Stock Markets Surge Past Key Thresholds as Foreign Capital Returns The UAE's stock exchanges delivered a commanding performance on Tuesday, with...

UAE Banks' Profitability Expected to Soar in H2, Moody's Forecasts
UAE's Banking Giants Post $8.7 Billion Profit Surge Despite Interest Rate Headwinds The UAE's four largest banks have delivered a commanding financia...

Ajman Chamber Represents UAE at Global Chambers Conference in Melbourne
Ajman Chamber Stakes Global Position at Melbourne Business Summit The Ajman Chamber of Commerce is leveraging Australia's premier international busin...

Groundbreaking $500 Million Sukuk Listing by Bin Gahtti on Nasdaq Dubai
Dubai Sukuk Market Hits New High as Bin Ghati Raises $500M in Oversubscribed Islamic Bond Dubai's position as the global epicenter for Islamic financ...

Dubai Investment Firm Inks Collaboration Pact with Angola's Sovereign Wealth Fund
Dubai Investment Strikes Major Angola Deal as Gulf Capital Eyes Africa's Urban Renaissance Dubai Investment has signed a strategic partnership with A...

Austria's Inflation Rate Hits Highest Level Since March 2024
Austria's Inflation Surge Signals Growing Economic Pressures Across Eurozone Austria's inflation rate jumped to 4.1% in August, up from 3.6% in July,...

Abu Dhabi Ports Inks Dredging Deal to Boost Operational Capacity at Karachi Terminals
Abu Dhabi Ports Deepens Pakistan Push with $300 Million Karachi Expansion Abu Dhabi Ports Group has signed a major dredging contract with Dutch marit...

Dollar Soars Amid Skyrocketing Gold Prices
Gold Hits Record High as Dollar Recovers from Five-Day Selloff Gold surged to an unprecedented $3,508.50 per ounce on Tuesday, marking its sixth cons...

Gold Reaches Record-Breaking Highs: A Meteoric Rise in Prices Captivates the Market
Gold Smashes Through $2,500 Barrier as Fed Rate Cut Bets Intensify Gold has shattered another record high, surging past $2,501 per ounce in Asian tra...

UAE's Mobile Subscriptions Surge to 23 Million, Fueling Digital Transformation
UAE Mobile Subscriptions Surge 8.5% as 5G Infrastructure Drives Digital Economy Growth The UAE's mobile telecommunications sector continues its robus...

Sharjah Economy and Energy Council Explore Avenues to Boost Collaborative Efforts
Sharjah Strengthens Economic Diversification Push Through Energy Sector Partnership Sharjah's Economic Development Department and the Energy Council...