Economy
UAE Stocks Gain $2.3 Billion in Market Value, Boosting Investor Confidence
Layla Al MansooriUAE stock markets posted strong gains yesterday as banking stocks led a broad rally, adding 8.45 billion dirhams to total market value. Abu Dhabi Secu...
Emirati-Russian Business Forum Set to Convene in December
Russia and the UAE are launching their first joint business forum in Dubai on December 10, 2025, bringing together companies, investment funds, and st...
Dubai Airline FlyDubai Forges Seven New Strategic Partnerships
FlyDubai just signed seven new partnership deals, bringing its total airline partners to over 40 companies. These agreements give passengers access to...
Gold Regains Footing After Reaching Record Highs
Gold prices dropped Tuesday as investors cashed in profits after the precious metal hit a new record high the day before. The pullback comes after str...
UAE Firms Dominate Global Merger and Acquisition Activity
The UAE has become the global leader in mergers and acquisitions activity over the past few weeks, with Emirati companies and banks announcing major d...
Talis Launches Empowering Graduate Program for Emirati Talent
Thales, the global technology company specializing in aerospace, defense, digital security and space solutions, has launched a new graduate training p...
Innovating Parking Solutions: 'Al Dar Real Estate' and 'Parconique' Launch Groundbreaking Car Park Project
Aldar Properties and Parkonic have joined forces to create AI-powered parking solutions across shopping centers and commercial destinations in Abu Dha...
OpenAI Acquires Millions of Chips in Artificial Intelligence Arms Race
OpenAI is making massive chip deals worth hundreds of billions of dollars to fuel its AI ambitions, but some investors are getting nervous. The compan...
Gold Rebounds After Falling From Record Highs
Gold prices climbed slightly on Monday, recovering some ground after a sharp drop last week from record highs above $4,300 per ounce. The precious met...
UAE Data Center Market to Reach $12.1 Billion by 2030, Reveals Research and Markets
The UAE is experiencing a major surge in data center and cloud infrastructure projects, driven by rapid government digital transformation and widespre...
Abu Dhabi's Economic Department Leads UK Business Delegation, Strengthens Bilateral Ties
Abu Dhabi's economic development team just wrapped up a major business trip to London, signing multiple deals and showcasing investment opportunities...
UAE Captures 36% of Gulf Region's International Visitors, Solidifying Its Tourism Dominance
The UAE captured 36% of all international tourists visiting Gulf Cooperation Council countries last year, welcoming 26 million visitors out of the reg...
Majesty Concludes European Tour with Monaco Finale: A Captivating Royal Journey
Gulf Craft's luxury yacht brand Majesty wrapped up its 2025 European tour with stops at major industry events including the Cannes Yachting Festival,...
Dubai Customs Leverages AI and Big Data to Enhance Decision-Making Processes
Dubai Customs wrapped up its participation at GITEX Global 2025, showcasing digital projects that align with Dubai's economic agenda and position the...
UAE Stocks Soar: Local Market Gains AED 17.2 Billion in One Week
UAE stock markets gained 17.22 billion dirhams in market value last week, with Dubai Financial Market leading the surge at 15.56 billion dirhams while...
Abu Dhabi's Energy Ministry Partners with Google Cloud to Drive Innovation and Digital Transformation
Abu Dhabi's energy department just signed a partnership deal with Google Cloud to bring AI and cloud computing into the emirate's power grid. The agre...
Oil Prices Poised for Weekly Losses as Recession Fears Loom
Oil prices dropped Friday and are heading for a 3% weekly loss as uncertainty clouds global energy supply markets. Both major oil benchmarks hit their...
Egypt Hikes Domestic Fuel Prices: Rising Costs Impact Consumers
Egypt raised fuel prices across the board on Friday, marking the second increase this year as the government continues cutting subsidies to reduce the...
Abu Dhabi Stocks Surge: $3.1 Billion Boost in Market Capitalization
UAE stock markets showed mixed performance yesterday, with Abu Dhabi continuing its three-day winning streak while Dubai's index fell. The standout wa...
UAE's Global Aluminum Expands Spectro Alloys Plant in the U.S.
Emirates Global Aluminium (EGA), the world's largest premium aluminum producer, is expanding its Spectro Alloys recycling plant in Minnesota for the s...
AI-Powered 'Ain' System Launched by Saudi Arabia's Human Resources and Localization Ministry
The UAE Ministry of Human Resources and Emiratisation just launched an AI-powered system called "Ain" that automatically processes work permit applica...