Economy
UAE's Non-Oil Trade with APEC Reaches Impressive $240 Billion
Layla Al MansooriThe UAE's invitation as a guest of honor to the Asia-Pacific Economic Cooperation (APEC) summit shows how much the world's major economies value the E...
Global Tech Giants Accelerate AI Spending: Unlocking Innovation and Competitive Advantage
Google's parent company Alphabet, Microsoft, and Meta are all ramping up their spending plans for 2026 as they race to build AI infrastructure and dat...
DPWorld Commits $5B to Bolster India's Infrastructure Expansion
DP World just announced a massive $5 billion investment plan for India, doubling down on its bet that the country will become a major global trade hub...
Adnoc and Microsoft Release Second Edition of 'Empowering Capabilities' Report
ADNOC and Microsoft just released their second annual report showing how AI is moving from experimental to essential in the energy sector. The study s...
Tax-Free Individual Investments in Treasury Sukuk with Biannual Profit Distributions
The UAE Ministry of Finance has launched "Individual Sukuk," the country's first government investment program that lets regular people invest in high...
General Motors Restructures, Lays Off 1,700 Amid Slowdown in Electric Vehicles
General Motors is cutting over 1,700 jobs across its vehicle and battery plants in Michigan, Ohio, and Tennessee as electric car sales slow down. The...
Emirates Airlines Introduces Measures to Minimize In-Flight Turbulence Impact on Flights
Emirates Airlines is using artificial intelligence and real-time data to reduce unexpected turbulence encounters across its flight network. The Dubai-...
Unlock Influencer Marketing Strategies: Rakez Empowers Customers with Insider Insights
Ras Al Khaimah Economic Zones Authority (RAKEZ) hosted a training session at Compass Business Center focusing on influencer marketing strategies for s...
Japanese Stocks Soar to Record Highs on AI Optimism
Japan's Nikkei index hit a record high on Wednesday, riding the wave of excitement from AI stocks that surged on Wall Street the day before. The jump...
Nvidia and Palantir Collaborate on Enterprise-Grade AI Platform
Nvidia and Palantir Technologies just announced a strategic partnership to build an integrated AI platform for enterprise and government operations. T...
Multiplay Achieves Impressive Q3 Earnings: Net Profits Soar to AED 1.95 Billion
UAE investment group Multiplay posted strong third-quarter results, with adjusted earnings jumping 56% to 597 million dirhams. But the real story is a...
Abu Dhabi Investment partners with Al Ain Mills and EIH to bolster UAE's food security
Al 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...