Economy
Abu Dhabi Investment partners with Al Ain Mills and EIH to bolster UAE's food security
Layla Al MansooriAl Ain Mills has partnered with Ethmar International Holding and Abu Dhabi Investment Office to build a new food processing facility in Abu Dhabi. The...
Gold Plunges Over 2% Amid Market Volatility
Gold prices crashed more than 2% today, hitting their lowest point in three weeks as the precious metal fell to $2,599.94 per ounce in spot trading by...
UAE-Africa Tourism Investment Summit Paves the Way for Promising Partnerships
The UAE and 53 African nations just announced a $6 billion tourism investment plan that could create 70,000 jobs across Africa. The deal came out of t...
Abu Dhabi Infrastructure Summit: Singaporean Firms Explore Innovative, Sustainable Projects
Singapore companies are pushing to expand their partnerships with the UAE across infrastructure, energy, and real estate sectors. Speaking at the Abu...
Fujairah's Pioneering F3 Independent Power Plant Begins Full Commercial Operations
The UAE just fired up one of its biggest and most efficient gas-powered electricity plants. The Fujairah F3 power station can generate 2.4 gigawatts o...
Unveiling Abu Dhabi's Residential Boom: 39 New Developments Delivering 9,500 Homes
Abu Dhabi's real estate market is experiencing a surge in new developments, with 42 projects registered in the first nine months of 2024 alone. The ca...
UAE Embraces Digital Remittances: 5.5 Billion Dirhams Expected by 2030
The UAE's digital money transfer sector is set to more than double by 2030, reaching $1.5 billion compared to $600 million in 2024. This growth comes...
Sharjah Islamic Bank Successfully Sells All Treasury Shares
Sharjah Islamic Bank sold all 167.67 million treasury shares in just a few days, raising significant capital while showing strong investor confidence....
UAE Captures 40% of Gulf's International Tourist Spending Pie
The UAE captures 40% of all international tourist spending across Gulf Cooperation Council countries this year, cementing its position as the region's...
Tech Giants Inframatics and Ericsson Collaborate to Revolutionize Smart Infrastructure in the UAE
InfraX, the digital arm of Dubai's electricity and water authority DEWA, has signed a partnership deal with Swedish telecom giant Ericsson to speed up...
UAE Stocks Soar: Local Shares Gain 31 Billion Dirhams in a Week
UAE stock markets surged last week as third-quarter earnings results exceeded expectations, adding over 31 billion dirhams to total market value. Fore...
Pioneering Rail Cargo Corridor Connecting Abu Dhabi and Sohar Launched through Nawah Logistics and Hafeet Railways Collaboration
Abu Dhabi Ports subsidiary Nautom Logistics signed a preliminary agreement with Hafeet Rail to launch freight rail services between Sohar in Oman and...
Abu Dhabi Hosts Global Sovereign Wealth Fund Forum Under Khaled bin Mohamed bin Zayed's Patronage
Abu Dhabi is hosting the International Forum of Sovereign Wealth Funds annual meeting for the first time, bringing together leaders managing over $10...
Healthcare Leader Marwan Ibrahim Hajj Ranks Among Middle East's Most Powerful 2025 Visionaries
Marwan Ibrahim Haji Nasser, the Emirati CEO and Chairman of Tadawi Healthcare Group in Dubai, made it onto Forbes Middle East's list of the 50 most po...
Gold Rises Ahead of US Inflation Data Release
Gold prices edged higher on Friday as investors wait for key U.S. inflation data that could signal where interest rates are heading next. But despite...
Ajman Bank Sees Impressive 31% Profit Growth, Raking in AED 380 Million in 9 Months
Ajman Bank posted strong financial results for the first nine months of 2024, with pre-tax profits jumping 32% to 414 million dirhams. The UAE regiona...
Emirates NBD Bank Reports AED 19 Billion in Net Profits Over 9 Months, Showcasing Robust Financial Performance
Emirates NBD, the UAE's largest bank, posted record profits of 19 billion dirhams ($5.2 billion) in the first nine months of 2025, driven by unprecede...
Abu Dhabi Investment Partners Collaborate with Evryhttps://www.evryhttps://www.vivetch to Produce Alternative Proteins
Abu Dhabi is making a major push into alternative proteins by partnering with two specialized companies to build a massive production facility. The Ab...
Soaring Dollar Ahead of U.S. Inflation Data Release: Key Economic Insights
The US dollar gained strength against major currencies Thursday as traders positioned themselves ahead of key American inflation data due Friday. Mark...
Abu Dhabi Hotel Revenues Surge 24% in 8 Months, Highlighting Emirate's Thriving Hospitality Sector
Abu Dhabi leads the UAE's hotel revenue surge with a 24% jump in revenue per available room during the first eight months of 2024, significantly outpa...
Sharjah's Exceptional Economic Growth Insights: An Expert's Perspective
Sharjah's economy is outpacing global growth by nearly three times, with GDP expanding 8.4% in 2024 compared to the world average of 3%. This performa...