Stock markets in the Gulf were volatile on Wednesday, with the Saudi index ending three session of gains as investors awaited minutes of the U.S. Federal Reserve’s latest meeting for clues on the rate …
EWEC issues RFP for the development of Abu Dhabi Islands reverse osmosis independent water project
The Abu Dhabi Islands RO IWP project consists of two standalone greenfield low-carbon intensive RO seawater desalination plants to be located on Saadiyat Island and Hudayriat Island. Together, both …
Dubai real estate records second $1bn day in a row
Dubai Land Department reports second consecutive billion-dollar real estate day in a row Dubai real estate records second $1bn day in a row Dubai, Dubai Land Department, Dubai real estate Real Estate …
UAE records 10% surge in FDI to $23b to rank 16th globally
The UAE improved its position as the world’s 16th most attractive foreign direct investment (FDI) destination in 2022 by recording a 10 per cent surge in ..
JPMorgan’s Umunna says ‘carping’ about UAE as climate host should stop
Chuka Umunna, JPMorgan’s Head of EMEA ESG (environmental, social and governance) & Green Economy Investment Banking, said critics in richer countries should “give the presidency a chance”. “It’s a …
Jordan: Answers about removal of man to UAE ‘insufficent’, says MP calling for probe
Justice ministry says it never received extradition order for Khalaf al-Romaithi who is believed to have been taken by the UAE from Jordan in May
UAE’s free-trade zone inks cooperation deal with Israel’s industrial sectors
The Memorandum of Understanding calls for the two sides to collaborate to create investment opportunities and expand the operations of industrial companies,
UAE says additional oil cuts should be enough to balance market
Additional oil output and export cuts made earlier this week by Saudi Arabia and Russia should be enough to help balance the oil markets, United Arab Emirates’ energy minister Suhail Al Mazrouei told reporters on Wednesday.
UAE: IB exam results released; schools record impressive student performance
S chools in the UAE have started receiving results for the International Baccalaureate (IB) Diploma Programme (DP) today with many institutions recording a 100 per cent pass rate. UAE students received outstanding results in these exams, with their performance hitting marks that are significantly above the international average.
Dubai logs over $1bln in realty transactions Wednesday
Dubai’s real estate market recorded 613 sales transactions worth AED1.82 billion on Wednesday, in addition to 103 mortgage deals totalling AED975.3 million, and 26 gift deals amounting to AED915 …
Dubai real estate: Danube Properties buys prime $52m Business Bay plot from Shuaa Capital
Dubai developer Danube Properties acquires Business Bay land from Shuaa Capital Dubai real estate: Danube Properties buys prime $52m Business Bay plot from Shuaa Capital Business Bay, Danube …
Australia’s Telstra deploys Ericsson Cloud RAN in commercial 5G network
As part of this deployment, Telstra and Ericsson have migrated two carrier frequencies 2600MHz and 3600MHz to the Cloud RAN infrastructure.
UAE free zone teams up with HBAR Foundation to support Web3 startups
RAK DAO’s collaboration with HBAR Foundation aims to support the adoption for new ideas within the Web3 space.
UAE’s Masdar tipped for big stake in $1.5bn offshore wind farm that will help power Amazon
Abu Dhabi renewables group said to be poised for share in Iberdrola’s Baltic Eagle off Germany that has power deal with web giant …
UAE’s Masdar tipped for big stake in $1.5bn Iberdrola offshore wind plan
Abu Dhabi-based Masdar has set its stall out as one of the world’s most ambitious renewables players with a target to amass a 100GW gross portfolio by 2030, up from around 20GW …
Sharjah’s ‘Buried Village’ to be reclaimed from the desert
Once a thriving village, the abandoned area consists of two rows of identical houses and a mosque at the end of the road …
UAE records highest number of foreign direct investments with Dhs84 billion in 2022, says Sheikh Mohammed
The United Nations report also confirmed that the UAE is the fourth largest recipient of new project investments in the world, with a total of 997 projects, after the United States, Britain and India, …