Business

The UAE participated in the ninth BRICS Ministers of Culture Meeting, which was held in St. Petersburg and led by Sheikh Salem bin Khalid Al Qassimi, Minister of Culture.

The United Arab Emirates (UAE) is set to develop its first Green Aviation Technology Hub, marking a significant milestone in its efforts towards environmental sustainability and innovation in aviation.

NASA astronauts stranded in space until next year said they did not feel let down by Boeing but admitted to "tough times", the German Press Agency (dpa) reported.

Dubai International Financial Centre (DIFC) has announced the immediate launch of a first-of-its kind Dubai AI licence to attract more companies to the emirate.

The UAE has achieved a new milestone in the field of cybersecurity, as the International Telecommunication Union ranked it in the top global category (Pioneering Model) according to the 2024 Global Cybersecurity Index.

The Abu Dhabi Businesswomen Council, a branch of the Abu Dhabi Chamber of Commerce and Industry has teamed up with ETHER by Cloud Spaces to launch six innovative brands owned by Emirati female entrepreneurs.

The UAE-China Business Forum has concluded in Dubai, drawing over 300 delegates.

Etihad Airways has announced the expansion of its services to Paris, with double daily flights starting January 15, 2025.

Emirates is set to receive its first Airbus A350 aircraft in October, with a total of five Airbus aircraft expected to be delivered to the airline by the end of 2024.

Emirates has cancelled flights to and from Nairobi following a worker strike at the Kenyan airport.

Campbell Soup is dropping "soup" from its name to become "The Campbell's Company," CEO Mark Clouse said on Tuesday, a pivot symbolising the company's shift to other packaged food.

Samsung Electronics' production at a key plant in southern India was disrupted for a second day by hundreds of employees striking for higher wages, as top executives sought to resolve a rare episode of labour unrest.

The Abu Dhabi Chamber of Commerce and Industry reported that it registered over 400 AI companies in Abu Dhabi by the end of the second quarter of 2024.

Dubai South Properties has announced the appointment of Al Turath Al Aseel Contracting for an AED 150 million contract towards the construction of South Living Tower, a luxury apartment development at The Residential District in Dubai South.

Google sought to dominate all sides of online advertising technology by controlling competitors and customers, a Justice Department prosecutor said as trial began in the tech titan's latest antitrust showdown in Alexandria, Virginia.

Apple unveiled its long-awaited, artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant as it rolled out new software, beginning in test mode next month.

The UAE-India Business Forum begins in Mumbai on Tuesday, September 10, aiming to explore new trade, investment and partnership opportunities between the two nations.

The UAE's GDP reached AED 430 billion in Q1 2024, recording a growth of 3.4 per cent compared to the same period in 2023, while the non-oil GDP grew by four per cent compared to the same period last year.

Abdullah bin Touq Al Marri, Minister of Economy, has held talks with Lieutenant General Kamel El Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport of Egypt

Boeing's Starliner spacecraft landed uncrewed in a New Mexico desert late on Friday, capping a three-month test mission hobbled by technical issues that forced the astronauts it had flown to the International Space Station to remain there until next year.

A new high-speed railway linking Hangzhou and Wenzhou in east China's Zhejiang Province began operations on Friday, Xinhu reported.

Etihad Airways has launched two new routes to Warsaw in Poland and Prague in Czechia, marking the first time the airline has flown directly to these countries.

Eight OPEC+ members have agreed to extend their additional voluntary production cuts of 2.2 million barrels per day for two months until the end of November.

Wizz Air has announced the first route for its new Airbus A321XLR (Extra Long Range) aircraft, marking a new era of ultra-low-fare travel on long-haul routes.

dnata, the global aviation and travel services provider, has announced its entire non-electric fleet of airport ground handling and ground support equipment is now running on a blend of biodiesel at its largest hub in Dubai.

The Ministry of Investment of the UAE and the Ministry of Investment of Jordan have signed four agreements worth USD 2.3 billion for a railway project that will link the port of Aqaba in the Red Sea with the mining regions of Al Shidiya and Ghor es-Safi.

The UAE has announced its new 2024-27 National Strategy for Anti-Money Laundering, Countering the Financing of Terrorism and Proliferation Financing (AML/CFT/CPF).

Emirates has landed in Antananarivo, Madagascar for the first time and was celebrated with a water canon salute at Ivato International Airport, followed by an exclusive event for VIPs, government officials and industry guests.

Elon Musk's satellite broadband firm, Starlink, said that it is complying with Brazil's top court order to block access to social media platform X in the country, a day after informing the country's regulator it would not obey the order.

The Sharjah Chamber of Commerce and Industry (SCCI) has launched the Pakistan Business Council, marking a significant step towards expanding economic cooperation between the business community in Sharjah and its counterpart in Pakistan.

Two leaders of the US Consumer Products Safety Commission called for the agency to investigate e-commerce retailers Shein and Temu after "deadly baby and toddler products" were sold on both websites, according to a letter posted on the US CPSC website.

Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025 as the US automaker strives to increase the appeal of its best-selling yet aging electric vehicle (EV).

DP World has completed the acquisition of Cargo Services Far East Ltd, a global supply chain provider headquartered in Hong Kong.

South Korean police have launched an investigation into messaging platform Telegram over deepfake crimes, Yonhap news agency reported on Monday, citing a senior police official.

Dr. Amna bint Abdullah Al Dahak Al Shamsi, Minister of Climate Change and the Environment, has said the UAE is committed to a nationwide pledge announced last year to reduce emissions by 40 per cent compared to a "business-as-usual" scenario by 2030.

The Federal Tax Authority (FTA) has revealed that more than 103,500 participants have attended the 260 in-person and virtual awareness events it had organised in 2023 and the first half of 2024 (H1 2024).

Brazil's telecommunications regulator said it was suspending access to Elon Musk's X social network in the country to comply with an order from a judge who has been locked in a months-long feud with the billionaire investor.

Emirates has doubled the number of cities it offers connectivity to, beyond its own network, to nearly 1,700 additional cities.

DP World's Jebel Ali Port set a new monthly container throughput record in July, handling 1,400,000 TEUs (Twenty-Foot Equivalent Units) and topping its previous high set in 2015.

Dragon Oil, wholly owned by the Government of Dubai, inaugurated its Ashgabat, Turkmenistan branch on Friday, the largest regional office outside the UAE.

AI startup OpenAI said its generative AI chatbot ChatGPT has more than 200 million weekly active users, double the number it had this time last year.

Dubai AI Campus, the largest dedicated cluster of AI companies in the region at the DIFC Innovation Hub, and Google Cloud, announced on Thursday a collaboration agreement aimed at fostering the growth of the startup ecosystem within the Dubai AI Campus.

The Dubai Financial Services Authority (DFSA) said on Thursday it had authorised 61 new firms during the first half of the year, marking a 22 per cent increase compared to the same period in 2023.

Delivery Hero is preparing an initial public offering (IPO) of its lucrative Emirati subsidiary Talabat on the Dubai stock exchange, the German food delivery company said, boosting its shares on Thursday.

AD Ports Group has been ranked in the global top 20 of world container port operators, according to the latest industry survey.

Salik Company PJSC (Salik), Dubai’s exclusive toll gate operator, has announced the combined valuation of the two new toll gates at Business Bay and Al Safa South, at a total of AED 2.73 billion.

The Ministry of Energy and Infrastructure (MoEI) and the Ras Al Khaimah Petroleum Authority (RAKPA) signed a Memorandum of Understanding (MoU) to strengthen their partnership within the sustainable energy sector.

The Central Bank of the UAE (CBUAE) has announced an auction of Monetary Bills (M-Bills) on September 2, 2024. The auction includes four issues of M-Bills Treasury bonds.

ADNOC announced an AI-enabled process optimisation technology, Neuron 5, will be rolled out to all its facilities after being tested at ADNOC Onshore’s Northeast Bab (NEB) field and ADNOC Gas’s Taweelah gas compression plant. 

Coinciding with the UAE’s "Year of Sustainability", Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has announced the launch of a Environmental, Social, and Governance (ESG) Label to promote sustainable business practices.

Canada, following the lead of the United States and European Union, said it will impose a 100 per cent tariff on imports of Chinese electric vehicles (EVs) and announced a 25 per cent tariff on imported steel and aluminum from China.

Nakheel, a member of Dubai Holding Real Estate, has awarded an AED 810 million contract to Jan De Nul Dredging LTD. for the marine works on Palm Jebel Ali.

Mubadala Investment Company announced it has acquired 100% ownership in the carve-out of UCB Pharma’s mature business in China, in partnership with CBC Group, Asia's largest healthcare-dedicated asset management group. 

The UAE's national carriers are expanding their destinations to match a resurgence in travel demand. The General Civil Aviation Authority (GCAA) projects passenger traffic to reach 140 million, reflecting the ongoing growth and competitiveness of UAE airlines.

Dubai Chambers, in collaboration with the Dubai Future Foundation, has hosted a workshop delving into new opportunities and growth prospects for the gaming sector.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

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.