e& UAE will use cloud interconnect solutions from Nokia to deliver services for hyperscalers in its home market.
EDF, KOWEPO, Masdar to develop 1.5 GW of solar in UAE
France’s EDF Renewables, South Korea’s Korea Western Power Co. (KOWEPO), and Abu Dhabi Future Energy Co. (Masdar) have agreed to jointly design, finance, build and operate a 1.5 GW solar project in …
Did cloud seeding cause UAE floods? Here’s what scientists say
Climate change linked to global warming is the more obvious answer for the UAE floods say scientists who have been studying changing weather patterns …
UAE’s future airport expected to be busiest in the world – Here’s what it will look like
Dubai’s “Al Maktoum” airport will be over 70 square kilometers and be able to host over 260 million travelers.
Abu Dhabi’s ADQ says 2023 net profit at $4.3bln; revenue at $111.7bln
Abu Dhabi Developmental Holding Co. (ADQ) published its 2023 financials on Monday, revealing that the assets of sovereign wealth fund made a net profit for 2023 of 16.1 billion dirhams ($4.3 billion) …
Emirates Development Bank forum highlights role of strategic partnerships in Sharjah’s economic growth and diversification
EDB Connect is a series of forums organized by EDB in partnership with the Ministry of Industry and Advanced Technology’s “Make it in the Emirates” initiative. The forums aim to foster collaboration …
How UAE Corporate Tax can cement economic prosperity
UAE Corporate Tax can boost the national economy and help build sustainable revenues in the country. The UAE has initiated a transformative fiscal policy with the introduction of a federal corporate …
Regulatory environment in UAE created surge in financial technology investments in 2023: Visa
Visa, a global leader in digital payments, affirmed that the Dubai FinTech Summit is a pivotal platform for fostering innovation and collaboration in the UAE, enabling more financial technology (finte …
Dubai Investments breaks ground for new project
Dubai Investments (DI), the leading investment company listed on the Dubai Financial Market (DFM), has announced setting a new milestone
Abu Dhabi real estate witnesses record growth, attracts global investors
Affordable apartment rentals witnessed price hikes of nearly 7 percent in certain areas, indicating sustained demand for rental properties across the emirate …
Abu Dhabi Sovereign Wealth Fund Plans Debut Dollar Bond Sale
Abu Dhabi’s sovereign wealth fund ADQ is set to follow the emirate’s government into the debt market with its first dollar bond.
Abu Dhabi Municipality marks World Day for Safety and Health at Work
This initiative underscores the municipality’s unwavering commitment to upholding the highest international standards in construction site safety.
Abu Dhabi’s first driverless cars race for $2.25 million prize pot, witness nail-biting finish
There were no Max Verstappen and Lewis Hamilton, or their swanky F1 cars on the iconic tracks of Yas Marina Circuit, but the Abu Dhabi Autonomous Racing Le..
UAE and Ukraine finalise Cepa terms in boost to war-torn nation’s recovery
The UAE and Ukraine have finalised the terms for a Comprehensive Economic Partnership Agreement, which is hoped to boost the economy of the Eastern European nation disrupted by its two-year war with …
UAE, Ukraine conclude talks on bilateral trade deal
The United Arab Emirates and Ukraine have completed negotiations for a bilateral trade deal, according to a joint statement released on Monday, ahead of its formal signing.
UAE banks pioneer Green Finance revolution
The UAE has emerged as a leader in the Middle East, contributing around 30% to the region’s total bond issuance, surpassing the global norm. This trend, largely driven by governmental initiatives in …
Aldar Properties records major rise in profits in Q1
Aldar Properties, the largest real estate developer in Abu Dhabi, disclosed a remarkable 88 percent increase in net profits during the first quarter …