#UAE

UAE’s Masdar eyes Iberian renewables champion after recent deals

Masdar eyes Iberian renewables champion after recent deals

The company will look at potential new opportunities with current partners, such as Endesa and Iberdrola

UAE reaches trade deal with New Zealand to boost exports, investment

UAE strikes CEPA deal with New Zealand to boost exports, investment

The trade agreement will remove tariffs on about 98.5 per cent of New Zealand’s exports immediately upon implementation

Sheikh Mohammed endorses 30km Dubai Metro Blue Line project

RTA showcases Dubai Metro Blue Line plan at Berlin showpiece

The RTA is showcasing its plans for the Dubai Metro Blue Line project at InnoTrans 2024 in Berlin.

UAE President, US Commerce Secretary discuss MGX’s $30bn AI fund

UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan met with US Commerce Secretary Gina Raimondo to discuss expanding bilateral collaboration.

HANGZHOU, CHINA - NOVEMBER 23, 2023 - Visitors look at WeRide's driverless minibus at the 2nd Global Digital Trade Fair 2023 in Hangzhou, Zhejiang province, China, Nov 23, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images)

Robotaxis to hit Abu Dhabi streets this year, courtesy of Uber, WeRide

From later this year, the ride-hailing firm’s users in Abu Dhabi will be able to book a ride in a robotaxi

Abu Dhabi real estate market trends for H1 2024 according to Bayut's findings Image_Getty Images

Abu Dhabi wealth fund ADQ sells $2bn bond

ADQ is fully owned by the Abu Dhabi government, which holds more than 90 per cent of the United Arab Emirates’ oil reserves

Microsoft to set up an engineering centre in Abu Dhabi GettyImages

Microsoft to set up key engineering centre in Abu Dhabi

The Abu Dhabi centre will collaborate with Microsoft’s global network of development centres to develop solutions in AI, cloud computing, and advanced cybersecurity

Linkedin reveals top UAE startups for 2024 GettyImages-186125041

LinkedIn names these UAE companies as top startups for 2024

The emergence of these startups is not only indicative of individual success but also highlights the broader trends shaping the UAE’s economic environment

President Sheikh Mohamed affirms UAE-US alliance

UAE President reaffirms ‘unwavering commitment’ to US partnership

The two leaders reviewed various aspects of the longstanding bilateral ties, particularly in the fields of trade and investment, the economy, advanced technology and renewable energy

UAE, IRENA partner to help developing nations raise and achieve NDC ambitions

UAE, IRENA partner to support NDC ambitions in 20 developing nations 

Announced during the 79th United Nations General Assembly, the initiative seeks to elevate the climate ambitions of these nations and drive urgent action on sustainability

EDGE unveils new space company ‘FADA’

UAE defence firm EDGE forays into space domain with ‘FADA’

The space firm will create advanced facilities for designing, building, testing, and integrating various satellite components

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

UAE treasury bonds, sukuk programmes achieve Dhs25bn in issuances

The ministry’s efforts to strengthen the local currency bond market and diversify funding sources are crucial in fostering a stable financial landscape

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Shaping Sharjah’s transformation: Shurooq CEO shares insights

Ahmed Obaid Al Qaseer says Shurooq is harnessing Sharjah’s cultural heritage, while implementing initiatives that boost tourism and investment

How Bidzi plans to revolutionise UAE’s SMEs market

Bidzi forays into the UAE to revolutionise M&A market for SMEs

The platform addresses common challenges in the M&A process, such as high costs and fragmented service models, streamlined, and cost-effective alternative

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

Rorix Holdings, Adani Ports ink MoU, target commodities market ecosystem

The partnership aims to enhance transparency, efficiency and security within the commodities market, benefitting stakeholders across the globe

Dubai's first female land rescue team image courtesy WAM

Introducing UAE’s first female land rescue team

Dubai Police’s female land rescue team consists of 18 non-commissioned officers

Egypt seeking investment on southern Red Sea coast

Egypt seeking investment on southern Red Sea coast

Egypt has been seeking large-scale investments as it tries to overcome a long-running economic crisis that led to record inflation

Arab businesswoman giving presentation to coworkers in office

Women must be on boards of private joint-stock firms, UAE announces

Starting from January next year, at least one seat must be allocated for women after the end of term of the current boards

UAE central bank’s foreign assets up 2% in February

UAE slashes interest rates by 0.5% after US Fed decision

The Central Bank of the UAE (CBUAE) said it has reduced the base rate applicable to the overnight deposit facility (ODF) by 50 basis points, from 5.40 to 4.90 percent

Japan, UAE to enter economic partnership talks

Japan, UAE to enter economic partnership talks

The two countries agreed last year to cooperate on technology and climate change, including investments in the chip and battery sectors

UAE banking sector's liquid assets surpass Dhs800bn in Q2 2024

UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024

On a quarter-on-quarter basis, liquid assets rose by 2  per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023

UAE, Australia reach trade deal to boost exports, investment

UAE, Australia reach trade deal to boost exports, investment

The trade pact will remove tariffs on about 99 per cent of Australian products, resulting in savings of $91m (AUD135m) in the first year

MySyara partners with Mobil, launches UAE's first cloud garage network

MySyara partners with Mobil, launches UAE’s first cloud garage network

The company aims to set up a network of 20 cloud garages across UAE by the end of 2025

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

Joby Aviation applies for aircraft certification in the UAE

Flying taxi firm Joby applies for aircraft certification in the UAE

Joby’s S4 Aerial taxi can transport five people at speeds up to 322km per hour, completing the journey from Abu Dhabi to Dubai in just 30 minutes

Are you a 'citizenship by descent' candidate?

Are you a ‘citizenship by descent’ candidate?

Citizenship by descent offers a pathway to global mobility, enabling individuals to reclaim their heritage while gaining access to benefits like living, working, and studying in foreign countries

leadership - Middle East

5 key strategies for business success in the Middle East

Despite regional flux, up to 42 per cent of UAE-based regional CEOs expect double-digit growth in 2024 indicating a thriving business environment, as per an EMIR survey

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 to manage, operate Zayed Military Hospital in Sharjah

M42 is set to officially commence full-scale operations at the military hospital in early 2025

UAE’s economy grew 3.4% in first quarter of 2024

UAE’s economy grew 3.4% in first quarter of 2024

The financial and insurance sector, trade activities and manufacturing were among the biggest contributors to non-oil GDP

Tourism’s share to UAE GDP seen at Dhs450bn by 2031

Tourism’s share of UAE GDP to hit Dhs450bn by 2031

The sector’s contribution to the economy rose by 11.7 per cent to Dhs220bn last year and is forecasted to rise to 12 per cent or Dhs236bn in 2024