JD.com, Inc., recognized as one of Goldman Sachs’ top Chinese stock picks, has announced a significant expansion into Saudi Arabia. On June 18, JD Logistics, the logistics division of the Chinese e-commerce giant, launched JoyExpress, its first direct-to-consumer express delivery service outside of China. This initiative represents a crucial advancement in JD.com’s strategy for global...
The Central Bank of the United Arab Emirates (CBUAE) has significantly increased its gold reserves by 19.3 percent during the first quarter of 2025. This boost adds AED4.444 billion, bringing the total gold reserves to AED27.425 billion ($7.46 billion) at the end of March, up from AED22.981 billion at the end of 2024. In addition...
Two major airlines from India, Air India and IndiGo, have resumed their flights to the UAE after a temporary suspension on Monday, which was put in place due to the ongoing Israel-Iran conflict. Air India had previously announced that it would halt all operations to the UAE “until further notice” following Iran’s thwarted attack on...
The United Arab Emirates is set to announce its retail fuel prices for July 2025 by June 30, as part of the monthly pricing update. Since the deregulation of fuel prices in 2015, domestic petrol and diesel costs in the UAE have been closely linked to international oil market trends. These monthly revisions are significant...
The UAE Embassy in Tokyo has urged Emirati citizens to familiarize themselves with new travel guidelines for Japan, which will take effect on July 1, 2025. This change is significant as Emirati passport holders with an electronic IC chip will no longer need a visa for stays of up to 90 days for tourism or...
UAE-based real estate search engine platform Bayut has revealed that its artificial intelligence (AI)-powered property valuation tool, TruEstimate™, was utilized in 50% of all ready property transactions in Dubai in May 2025. This significant milestone highlights the tool’s growing influence in the real estate market. TruEstimate™ was launched in June 2024 to provide both property...
SolitAir, the UAE’s only dedicated cargo airline, has launched scheduled air cargo services from Dubai World Central (DWC) to Bahrain International Airport (BAH). This new route will commence this month, enhancing connectivity between Bahrain and DWC. This expansion is a significant step in SolitAir’s mission to establish high-yield trade routes across the Global South. The...
The UAE-India CEPA Council (UICC), in collaboration with the Embassy of the United Arab Emirates in India, launched the UAE-India CEPA Start-up Series during a high-profile event in New Delhi. This initiative aims to enhance innovation and support the international growth of Indian start-ups as part of the commitments outlined in the UAE-India Comprehensive Economic...
Tawasul Transport, in partnership with Al Maryah Community Bank (Mbank), has introduced the first digital payment system for taxis in Abu Dhabi, utilizing AE Coin, a stablecoin linked to the UAE dirham. This initiative represents a global first, as it deploys a government-regulated stable digital currency specifically for public transport fares. The launch was executed...
Dubai welcomed 8.68 million international tourists in the first five months of 2025, from January through May. This figure reflects a 7% increase compared to the same period in 2024, which registered 8.12 million visitors. The latest statistics were released in the Tourism Performance Report January – May 2025 by the Dubai Department of Economy...