DP World has announced a significant expansion of its operations with the development of two new port terminals in Fujairah. This project aims to create a new deep-water trade gateway on the eastern coast of the UAE, designed to accommodate the next generation of Ultra Large Container Vessels (ULCVs). The initiative is expected to enhance...
DP World has entered into a long-term agreement to enhance operations at the Al Rughailat and Dibba ports in Fujairah. This 50-year deal marks a significant step towards increasing the region’s capacity for cargo, container, and vehicle handling on the eastern coast of the UAE. The collaboration aims to modernize and enlarge the existing infrastructure,...
The Commercial Bank of Dubai (CBD) has reported a significant milestone, surpassing Dh100 billion in net loans, marking a robust performance in the first half of 2026. This achievement reflects the bank’s strategic focus on expanding its lending portfolio to support growing demand in various sectors. In addition to the impressive loan figures, CBD recorded...
The real estate market in Abu Dhabi is showing remarkable resilience, with home prices witnessing a significant uptick in the first half of 2026. According to a recent report by Knight Frank, property values, particularly in sought-after areas like Yas Island and Al Reem Island, have surged by nearly 18%. This trend occurs despite ongoing...
Abu Dhabi is making a strategic move to enhance its gas production capabilities through a significant $6.2 billion investment in the Umm Shaif project. This development is anticipated to add over 600 million standard cubic feet per day (scfd) to the gas output, positioning the emirate to capitalize on its natural gas resources despite ongoing...
United Arab Bank has reported a robust profit of Dh201 million for the first half of 2026, underscoring the institution’s solid performance in a competitive banking landscape. This impressive gain reflects a strong growth trajectory in the bank’s lending and investment activities, alongside a healthy increase in customer deposits. The bank’s total assets have reached...
The aviation and tourism sectors between the UAE and India are entering a new chapter of growth, signifying a closer collaboration that promises to enhance connectivity and mutual investment. With over 1,146 scheduled flights occurring weekly between the two nations, this partnership is projected to facilitate a significant flow of tourists and business travelers, positioning...
The Dubai International Chamber has officially inaugurated a new representative office in Luanda, Angola, enhancing its presence in Africa. This office represents the eighth location established by the Dubai chamber on the continent, highlighting the growing interest and investment opportunities in Angola, which is recognized as one of Africa’s most rapidly advancing economies. This strategic...
The US passport, once celebrated as the world’s most powerful travel document, has experienced a notable decline, now ranking 10th in the 2026 Henley Passport Index. This shift marks a significant change from its previous status, with the passport currently granting visa-free access to 180 destinations worldwide. Several factors have contributed to this decline, primarily...
The United Arab Emirates is set to make a significant investment of $6.2 billion in a natural gas development project in Abu Dhabi. This substantial financial commitment was announced recently by the Abu Dhabi National Oil Company (ADNOC), a key player in the UAE’s energy sector. The project focuses on the development of the offshore...