Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and Ruler of Dubai, has recently approved a comprehensive initiative aimed at refining the national statistics system. This program is designed to enhance economic decision-making processes, instill greater confidence among investors, and strengthen the United Arab Emirates’ reputation as a...
On July 23, 2026, Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE, announced the launch of a pivotal initiative aimed at enhancing the country’s statistics system. This initiative, known as the National Programme for Developing the Statistics System in the UAE, underscores the government’s commitment to elevating the...
In a significant move to enhance its economic monitoring capabilities, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved a comprehensive statistical framework aimed at tracking the rapid growth of the UAE’s economy. This initiative aligns with the country’s vision to bolster transparency and foster informed...
First Abu Dhabi Bank (FAB), the largest bank in the UAE by assets, has recorded a notable increase in both its operating income and net profit for the second quarter and first half of 2026. This performance exceeded the bank’s medium-term expectations, signaling a resilient financial health amid fluctuating market conditions. For the January to...
DP World has secured a landmark agreement to establish a significant container terminal on the eastern coast of the United Arab Emirates, particularly in Fujairah, as part of a 50-year concession deal with the Fujairah Ports Authority. This development is poised to enhance the UAE’s strategic position in regional trade and logistics, especially considering the...
Emirates Islamic Bank has reported a significant increase in its operating profit for the first half of 2026, reaching AED 2.2 billion, marking a 10% rise compared to the same period last year. This robust performance underscores the bank’s success in navigating the competitive landscape of Islamic banking in the UAE. The surge in operating...
First Abu Dhabi Bank (FAB) has announced an impressive net profit of Dh10.73 billion for the first half of 2026, reflecting a robust growth trajectory amid escalating loan demand. This performance not only signifies an increase compared to previous periods, but it also indicates the bank’s resilience in a competitive financial landscape. The 7% growth...
DP World, a prominent player in global logistics, has entered into a significant 50-year concession agreement with the Fujairah Ports Authority to develop two major multipurpose container ports. This strategic initiative represents a critical investment in the maritime landscape of Fujairah and is expected to enhance the emirate’s status as a pivotal hub for shipping...
Human Rights Watch has raised concerns regarding the Emirates-XRG cycling team representing the United Arab Emirates, suggesting that the initiative could serve as a means of “sportswashing,” aimed at distracting attention from the country’s troubling human rights situation. The term “sportswashing” refers to the practice where countries use sports events and teams to improve their...
Swiss sports brand On has officially opened its first retail location in the United Arab Emirates, marking a significant milestone in its expansion strategy despite current regional tensions. The company, which has garnered international attention with the backing of tennis legend Roger Federer, aims to penetrate the Middle Eastern market with an ambitious plan that...