Business News

The UAE has been ranked the first in the MENA region and 17th worldwide in the Global Soft Power Index 2021.

The 15th edition of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) concluded in Abu Dhabi on Thursday.

Flydubai has announced the launch of flights to Cluj-Napoca in Romania.

The UAE Armed Forces signed deals worth AED 2.14 billion on the fourth day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) in Abu Dhabi.

Trade between Dubai and Kuwait reached AED 8.52 billion in the first half of 2020.

The UAE Armed Forces have signed deals totalling AED 17.91 billion during the first three days of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX).

Dubai’s attractions have put in place a range of precautionary measures to give UAE residents and visitors the continued confidence to enjoy a diverse range of experiences within a safe environment.

A top Japanese official has praised the depth of relations between the UAE and Japan.

ENOC Group has unveiled the innovatively designed 'Service Station of the Future', located at the Expo 2020 Dubai site.

The UAE Armed Forces announced new deals worth over AED 7.29 billion on the second day of the International Defence Exhibition (IDEX) and the Naval Defence Exhibition (NAVDEX) in Abu Dhabi.

The Japanese State Minister for Foreign Affairs, Eiichiro Washio, says cooperation with the UAE in the production of hydrogen and ammonia can lead to the establishment of international supply chains.

Online sales within the UAE's food and beverage market surged a whopping 255 per cent year-on-year in 2020 to reach $412 million (AED 1.51 billion).

His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, has inaugurated the 15th edition of the International Defence Exhibition (IDEX 2021).

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, opened the 26th edition of Gulfood at the Dubai World Trade Centre (DWTC) on Sunday.

The UAE Armed Forces have signed deals worth AED 5.03 billion on day one of the International Defence Exhibition and Conference (IDEX) in Abu Dhabi.

Dubai International (DXB) has boosted its connectivity with the launch of scheduled services by Belarusian national carrier Belavia Airlines.

Emirates has become among the first airlines in the world to operate a flight with fully vaccinated frontline teams servicing customers at every touchpoint of the travel journey.

The head of European planemaker Airbus called on Saturday for a "ceasefire" in a transatlantic trade war over aircraft subsidies, saying tit-for-tat tariffs on planes and other goods had aggravated damage from the COVID-19 crisis.

Bitcoin hit a market capitalization of USD 1 trillion as it rose to yet another record high on Friday, countering analyst warnings that it is an "economic side show" and a poor hedge against a fall in stock prices.

A group of drivers are entitled to worker rights such as the minimum wage at Uber, Britain's Supreme Court decided on Friday in a blow to the ride-hailing service.

Facebook Inc's WhatsApp said it will go ahead with its controversial privacy policy update but will allow users to read it at "their own pace" and will also display a banner providing additional information.

Real estate transactions worth AED 4.9 billion were recorded in Dubai during the week ending February 18.

Flydubai said it’s preparing for the Boeing 737 MAX aircraft to rejoin its fleet.

Oil demand contracted by 9-10 million barrels a day due to the COVID-19 pandemic during 2020.

Nakheel Malls, the retail arm of master developer Nakheel, has launched Souk Al Marfa in partnership with DP World.

Etihad Airways and Gulf Air have signed an agreement to strengthen commercial cooperation.

To mark the launch of their new destination, Wizz Air Abu Dhabi is treating their passengers to an incredibly low fare of AED 49 when flying to Egypt.

Air Arabia is set to resume direct services between Sharjah and Luxor, starting February 23.

Dubai International Financial Centre, the top innovation hub in the Middle East, Africa and South Asia (MEASA) region, has welcomed global payment technology provider Adyen.

A survey by the FDI Markets Index has ranked the UAE first in the MENA region for the number of new foreign direct investment biotechnology projects.

The UAE’s Navy Commander says the nation is proud to be hosting next week’s International Defence Exhibition and Conference (IDEX), along with the Naval Defence and Maritime Security Exhibition (NAVDEX).

Dubai International Airport (DXB) has said it experienced a challenging year in 2020 with a total of 25.9 million customers, a decrease of 70 per cent compared to 2019.

The Abu Dhabi National Exhibitions Company (ADNEC) has signed an agreement with Expo Tel Aviv.

The UAE's Federal Tax Authority (FTA) confiscated goods worth over AED 191.8 million in 2020 that failed to comply with the country's tax regulations.

The value of Dubai's external trade with the UK stood at AED 21.5 billion in 2020.

China's ByteDance is said to be exploring the sale of the India operations of TikTok to rival unicorn Glance, Bloomberg News reported on Saturday.

US President Joe Biden will meet with a bipartisan group of mayors and governors on Friday as he continues to push for approval of $1.9 trillion coronavirus relief plan to bolster economic growth.

Britain's coronavirus-ravaged economy slumped by 9.9 per cent in 2020, the biggest annual crash in output in more than 300 years, but it avoided heading back towards recession at the end of last year and looks to be on course for a recovery in 2021.

Dubai has placed third overall in the Global Cities of the Future report published on Thursday by fDi Intelligence, part of the Financial Times.

The UAE capital has launched a unique programme to attract talented professionals, students and investors in priority sectors to make the vibrant Abu Dhabi their home.

Emirates Airline has temporarily suspended passenger flights from Nigeria to Dubai until February 28.

The capital’s Department of Culture and Tourism has announced the launch of GCC edition of the Abu Dhabi Specialists Programme.

First Abu Dhabi Bank (FAB) has a signed a five-year strategic partnership deal with Mastercard for the enablement of commercial cards and payments solutions.

As many as 4,567 new business licences were issued in Dubai in January, which is an increase of 9 per cent compared to the same month in 2020.

DMCC has announced two new price packages for businesses of all sizes looking to set up operations in Dubai.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, has met with Pavel Durov, Founder and CEO of Telegram.

The Abu Dhabi Securities Exchange (ADX) has announced a reduction in the overall trading activity fees on all exchange transactions.

South Korea unveiled a 48.5 trillion won (USD 43.2 billion) plan to build the world’s largest wind power plant by 2030 as part of efforts to foster an environmentally-friendly recovery from the COVID-19 pandemic.

Facebook Inc on Thursday took down hundreds of Instagram accounts that were hacked and sold for their high-value usernames, including the accounts of people behind this activity.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.