Economy
UAE Tourism: Ambitious Strategic Vision and Sustainable Growth
Layla Al MansooriAs the world marks World Tourism Day today under the theme "Tourism and Sustainable Transformation," the UAE stands out as a prime example of how the...
ADNOC Legal Advisor Appointed as Regulatory Compliance Chair at World Economic Forum
The World Economic Forum has appointed Marwan Najma, ADNOC's General Counsel, to chair its newly formed Regulatory Compliance Committee. This move hig...
Emirati Pavilion at Expo Osaka Surpasses 4 Million Visitors, Captivating Global Audience
The UAE pavilion at Expo 2025 Osaka has crossed four million visitors, making it one of the most popular national pavilions at the international exhib...
Oil Poised for Largest Weekly Gains in 3 Months
Oil prices jumped Friday and are heading for their biggest weekly gain since early June, with both major crude benchmarks rising more than 4% this wee...
Abu Dhabi Poised for 6 Million Hotel Guests by 2025, Says Culture and Tourism Official
Abu Dhabi expects to welcome over 6 million hotel guests this year, with tourism contributing more than 60 billion dirhams to the emirate's GDP. The p...
S&P Affirms Egyptian Banking Sector's Resilience amid Rising Consumer Lending
Standard & Poor's Global expects consumer lending in the UAE to keep growing at 10-12% annually through 2025 and 2026. The growth comes from strong ec...
Leading Airline 'Saudia' Partners with Asia X for Expanded Connectivity and Passenger Experience
UAE-based Sanad Group has signed a strategic maintenance deal with AirAsia X, one of Asia's largest medium and long-haul airlines. The partnership giv...
Electric Vehicles Reshape Transportation Landscape
The global electric vehicle market hit a historic milestone in 2024, selling 17.1 million cars worldwide - a 25% jump from 2023. This surge reflects m...
UAE Emerges as a Global Air Traffic Connectivity Powerhouse
The UAE has become the only country in the world with three airports ranking internationally for air connectivity. Dubai International Airport climbed...
Federal Tax Authority Urges Companies to Promptly File Corporate Tax Returns
The UAE's Federal Tax Authority is urging businesses to file their corporate tax returns and pay what they owe within nine months of their tax period...
Abu Dhabi Chamber Strengthens Strategic Partnerships with Germany, Japan, and China
Abu Dhabi Chamber of Commerce and Industry ramped up its global outreach in September, participating in major business events across Germany, Japan, a...
Gold Plunges from Historic Peak: Navigating Market Volatility
Gold prices dropped Wednesday as investors cashed in profits after the precious metal hit a record high just one day earlier. The pullback came after...
UAE Banks Process Staggering $3.7 Trillion in Financial Transfers in 7 Months
UAE banks processed 2.111 trillion dirhams through the Emirates Financial Transfer System in July, marking an 8.7% jump from June's 1.941 trillion dir...
Women's Sustainability Platform Now Accepting Applications for 2026 'Trailblazer' Program
Abu Dhabi's Masdar and the Zayed Sustainability Prize have opened applications for their 2026 "Women Leaders" program, marking the ninth year of an in...
Abu Dhabi Fund Launches Agricultural Systems Upgrade Project in Karakalpakstan, Uzbekistan
The Abu Dhabi Fund for Development has launched a $5 million agricultural project in Uzbekistan's Karakalpakstan region, targeting one of the world's...
Gold Surges to Historic Highs Amid Expectations of Continued Interest Rate Cuts
Gold prices hit a record high Tuesday, climbing to $3,758.03 per ounce as investors bet on more U.S. interest rate cuts and the dollar weakened slight...
UAE Banking Sector Assets Surpass AED 5 Trillion, Showing 10% Growth
The UAE's banking sector showed strong momentum in July 2025, with total banking assets hitting 5.024 trillion dirhams - a 1% jump from the previous m...
Surge in Demand for Household Electric Vehicle Chargers Fuels Market Growth
UAE electric car owners are increasingly choosing home charging stations over public ones, creating a clear divide between those prioritizing cost sav...
Namma Inks Deal with Source-Led Coalition to Develop Solar Power Plant in Oman
Oman just signed a deal for its first utility-scale solar power plant with battery storage, marking a major step in the country's push toward renewabl...
Gulf Banks Manage Staggering $3.5 Trillion in Assets, Driving Regional Financial Dominance
Gulf banks are having their best years in recent memory. Commercial banks across the six Gulf Cooperation Council countries saw their total assets jum...
Dubai's 'ASUS' Summit Explores the Future of Sovereign Artificial Intelligence
ASUS wrapped up its first AI technology summit in Dubai, bringing together major tech companies including NVIDIA, AMD, Micron, Weka, Foxconn, Schneide...