Economy

Ministry Unveils Flexible 2027-2029 Budget Plan Focused on Sustainability and AI Integration
UAE Launches Revolutionary AI-Powered Budget System, Signaling Major Shift in Government Financial Strategy The UAE Ministry of Finance has unveiled...

Federal Tax Authority Urges Companies to Register for Corporate Tax Exemption Deadline
UAE Corporate Tax Amnesty Drives 38,000 New Registrations as Compliance Deadline Approaches The UAE's Federal Tax Authority has successfully attracte...

UAE's Express Delivery Service Expands to Australia, Offering Seamless Logistics Solutions
Emirates Cargo Fast-Tracks Australia Expansion to Capture Booming E-Commerce Market Emirates has rapidly expanded its express cargo services to Austr...

Dubai International Financial Centre Unveils Regulatory Updates to Enhance Business Environment
Dubai's Financial Hub Strengthens Data Protection Laws with New Private Litigation Rights The Dubai International Financial Centre (DIFC) has enacted...

Gold Surges as Dollar Declines: A Lucrative Opportunity for Investors
Gold Surges as Dollar Weakness Overshadows U.S. Inflation Concerns Gold prices climbed on Wednesday as a weakening dollar and falling Treasury yields...

ADNOC to Transfer 24.9% Stake in OMV to XRG, Strengthening Energy Partnerships
ADNOC Reshuffles Global Assets as UAE Positions for Energy Transition Abu Dhabi National Oil Company (ADNOC) is transferring its 24.9% stake in Austr...

Oil Prices Surge Amid Sustained Demand Outlook
Oil Prices Rise on Renewed Optimism for US-China Demand Recovery Oil prices climbed Wednesday as traders bet on sustained demand from the world's two...

Zayed International Airport: Gateway to Aviation Growth and Prosperity
Abu Dhabi Airport Emerges as Middle East's Fastest-Growing Aviation Hub Zayed International Airport is positioning itself as the Middle East's most d...

Abu Dhabi Chamber Empowers Entrepreneurs and Small Businesses in Al Ain
Abu Dhabi Chamber Launches Direct Outreach Initiative to Strengthen Small Business Ecosystem in Al Ain The Abu Dhabi Chamber of Commerce and Industry...

Fujairah Chamber Explores Strategies to Bolster UAE-Indonesia Trade Ties
Fujairah Courts Indonesian Investment as UAE Expands Southeast Asian Economic Ties The Fujairah Chamber of Commerce is actively pursuing deeper busin...

Sharjah Islamic Bank Reports 25% Profit Growth in First Half, Earning AED 697 Million
Sharjah Islamic Bank Posts 25% Profit Surge as Fee Income Strategy Pays Off Sharjah Islamic Bank delivered a standout performance in the first half o...

Autonomous Vehicles Take Flight at Al Maktoum International Airport with Dnata's Latest Innovation
Dubai Airport Pioneers Autonomous Ground Operations with Self-Driving Baggage Tractors Dubai's aviation sector is taking a bold step toward full airp...

Etihad Airways Unveils 7 Exciting New Destinations for Travelers
Etihad Airways Bets Big on Central Asia and Eastern Europe in Major Route Expansion Abu Dhabi's Etihad Airways has unveiled an ambitious expansion pl...

Newly Appointed Securities and Commodities Authority CEO Elected as Chair of AMERC, IOSCO's Regional Committee
UAE Securities Chief Takes Helm of Major Regional Financial Authority The UAE has secured another key position in global financial governance as Wali...

Gold Surges as Investors Await US Inflation Data
Gold Edges Higher as Markets Brace for Critical US Inflation Data Gold prices climbed modestly on Tuesday as investors positioned themselves ahead of...

Abu Dhabi Hotels Shine: Soaring Occupancy Rates in June Reach Highest Levels Since 2009
Abu Dhabi Hotels Hit 15-Year High as Strategic Tourism Push Pays Off Abu Dhabi's hospitality sector delivered its strongest June performance since 20...

UAE Ministry Unveils Next Phase of Comprehensive Economic Policy Overhaul
UAE Launches Ambitious Phase Two of Economic Policy Overhaul with OECD Partnership The UAE Ministry of Economy and Tourism has unveiled the second ph...

UAE's Etihad Airways Soars with 10.2 Million Passengers in First Half
Etihad Airways Emerges as Middle East's Fastest-Growing Carrier with 17% Passenger Surge Abu Dhabi's Etihad Airways has cemented its position as the...

National Sukuk Platform Welcomes RAK Bank to Liquidity Management Solution
UAE's Islamic Finance Infrastructure Expands as RAK Bank Joins National Sukuk Platform The UAE's Islamic finance ecosystem strengthens further as RAK...

Emirati-Tunisian Cooperation Holds Vast Potential, Says UAE Minister
UAE and Tunisia Target Strategic Food Security Partnership as Gulf State's Agri-Food Sector Surges The UAE is positioning itself as a regional leader...

Federal Tax Authority Seizes Contraband Luxury Goods: Cracking Down on Evasion
UAE Tax Authority Uncovers Massive Tobacco Smuggling Operation Worth $36 Million The UAE Federal Tax Authority has seized over 3.5 million units of i...