For the first time, the UAE’s foreign trade has reached an impressive Dh3 trillion by the end of 2024, as announced by Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. He described this achievement as a “historic milestone” in a post on X. Sheikh Mohammed highlighted...
Gold prices surged in Dubai, reaching a new all-time high as they jumped nearly Dh3 per gram at the market’s opening on Wednesday. At 9 am UAE time, the price of 24K gold rose by Dh1.50, reaching Dh344 per gram. Meanwhile, 22K gold also saw an increase, opening at Dh320.25 per gram after rising Dh2.75...
The President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, engaged in discussions with Saudi Arabia’s Crown Prince and Prime Minister, Mohammed bin Salman bin Abdulaziz Al Saud, focusing on ways to enhance bilateral cooperation between their nations. This conversation took place over the phone, emphasizing the strong fraternal ties that exist...
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan sent a congratulatory message to President Anura Kumara Dissanayake of Sri Lanka in celebration of the country’s Independence Day. This gesture highlights the strong diplomatic ties between the United Arab Emirates and Sri Lanka. In addition to Sheikh Mohamed, Vice President and Prime Minister of...
The Federation of the UAE Chambers of Commerce and Industry (FCCI) organized the inaugural meeting of the UAE-Kyrgyz Joint Business Council on February 5, 2025. This meeting, which took place in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI), aimed to enhance economic and trade relations between the UAE and the Kyrgyz Republic....
The Federal Tax Authority (FTA) has urged registrants who have not yet updated their tax records to take advantage of a newly granted grace period by the UAE Cabinet. This initiative is aimed at lessening the tax burden on the business sector and encouraging individuals and companies to meet their tax obligations. The government believes...
A recent report has identified TikTok as the most favored mobile application among UAE residents in 2024. According to the Sensor Tower’s State of Mobile 2025 report, residents spent an average of approximately 2 hours daily on the app. The data reveals that the 11.2 million residents of the UAE collectively spent around 7.63 billion...
The UAE’s residential wellness real estate market is poised for significant growth, projected to increase from $137 million (Dh503 million) in 2024 to nearly $8.4 billion (Dh31 billion) by 2027. The residential wellness real estate segment is expected to grow nearly sevenfold in the next four years, catering not only to the ultra-wealthy but also...
The UAE and Argentina are exploring ways to deepen their economic relationship and boost investments. A high-level seminar held in Abu Dhabi, organized by the Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry, brought together top officials and business leaders from both countries to discuss new opportunities. Dr. Thani bin Ahmed...
The UAE is exploring the use of artificial intelligence (AI) in its judicial system to assist in deciding criminal cases, according to a senior official. Salem Ali Juma Al Zaabi, Head of Emergency, Crisis, and Disaster Prosecution at UAE Public Prosecution, shared that trials are already underway for AI to handle cases where the outcomes...