Business

At the 14th BRICS Trade Ministers Meeting in Moscow, the UAE reiterated its call for stronger cooperation among member nations.

Around 80 countries reached an agreement on Friday on rules governing global digital commerce including recognition of e-signatures and protection against online fraud, but failed to bring the United States on board.

Abu Dhabi Customs has won six gold awards at the 2024 Harvard Business Council International Awards, based in New York City, for its excellence in applying the best international practices and standards of quality and institutional excellence.

Dubai Taxi Company (DTC) has reported its financial results for the six months (H1) ending June 30, 2024, showing a 14 per cent year-on-year revenue growth to AED 1.09 billion.

More than 97 per cent of Windows sensors are back online, CrowdStrike's CEO George Kurtz said on Thursday, nearly a week after a software update by the cybersecurity firm triggered a global outage.

Low-cost airline Air India Express has launched a new flight route from Abu Dhabi to Bengaluru, the carrier has announced.

Tesla shares tumbled 12% on Wednesday, evaporating almost $100 billion in stock market value after CEO Elon Musk's talk of humanoid robots and driverless taxis failed to comfort investors worried about the electric car maker's shrinking profit margins.

Dubai secured an impressive 175 bids in the first half of 2024 to host major business events through this year and beyond, marking a 24 per cent increase from the same period last year.

The Dubai Multi Commodities Center (DMCC) free zone has announced nine per cent growth in its intake of companies from China in the first half of 2024, taking the total number of Chinese members in its free zone to 900.

Britain's EasyJet reported a 16 per cent rise in pretax profit in its third-quarter on Wednesday, helped by strong summer travel demand and more customers looking for budget holidays.

Boeing said on Tuesday it has resumed deliveries of its best-selling 737 MAX airplane to China after a lengthy delay stemming from regulatory issues.

Dubai's GDP topped AED 115 billion in the first quarter of 2024, with its economy growing 3.2 per cent compared to the same period last year.

The Dubai Chamber of Commerce has reported a robust increase in new memberships during the first half of 2024.

Delta Air Lines struggled to restore normal operations after last week's crippling global cyber outage, cancelling 1,250 flights beyond the 3,500 it had already scrapped.

The UAE and Mauritius have signed a Comprehensive Economic Partnership Agreement (CEPA), laying the foundation for increased bilateral trade between the nations under reduced restrictions.

Google is planning to keep third-party cookies in its Chrome browser, it said on Monday, after years of pledging to phase out the tiny packets of code meant to track users on the internet.

Flydubai has announced that its expansion plans have been significantly impacted by extensive delays in Boeing’s aircraft delivery schedules.

Boeing is seeing a significant improvement in production flow at its 737 MAX factory, its new commercial planes chief said, as the US planemaker battles to overcome a safety crisis.

Dubai's Roads and Transport Authority (RTA) has awarded a contract for the purchase of 636 buses of various sizes, including 40 electric buses, the first of their kind in the UAE.

India’s Vice President, Jagdeep Dhankhar, urged every Indian to plant at least one tree each in the next year as part of a massive national campaign to increase green cover and fight climate change.

CrowdStrike's routine update of its widely used cybersecurity software, which caused clients' computer systems to crash globally on Friday, apparently did not undergo quality checks before deployment.

A global tech failure disrupted operations across multiple industries on Friday, halting flights and forcing a number of broadcasters off-air, as the outage upended everything from banking to healthcare systems.

Samsung Electronics and representatives of its biggest workers' union in South Korea, who have been on strike since early last week, have agreed to resume negotiations on Friday.

Abu Dhabi Energy Services (ADES), a subsidiary of TAQA (Abu Dhabi National Energy Company), announced the commencement of a 9000-kilowatt peak (kWp) solar photovoltaic (PV) project for the United Arab Emirates University (UAEU) in Al Ain.

Abu Dhabi Global Market (ADGM) has announced significant revisions to its licensing fee schedule as part of its transitional arrangements for Al Reem Island businesses.

The Central Bank of the UAE (CBUAE) and National Bank of Ethiopia (NBE) have signed an agreement to enhance financial and commercial co-operation between the two nations, in a deal worth AED 3 billion.

Dubai South, the largest single-urban master development focusing on aviation, logistics, and real estate, announced the successful completion of the first stage of the UAE's autonomous vehicle trials in partnership with Evocargo.

Sharjah Airport is soaring high with impressive growth figures for the first half of 2024.

Five Boeing 777 aircraft will be added to the Emirates SkyCargo fleet between 2025 and 2026.

Gross domestic credit extended by banks operating in Abu Dhabi in the first four months of the year grew by AED 45.8 billion (5 percent), from AED 915.9 billion at the end of last year to AED 961.9 billion, according to UAE banking indicators released by the Central Bank of the UAE (CBUAE).

Billionaire Elon Musk has said he plans to commit around $45 million a month to a new pro-Trump super political-action committee.

ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts for the next phase of the UAE sales gas pipeline network enhancement "ESTIDAMA Project."

Aldar Properties and DP World have signed a strategic agreement where Aldar will fund and develop a 1.55 million sqft (144,000 sqm) Grade A logistics park at National Industries Park (NIP) in Jebel Ali, Dubai.

Kuwait Petroleum Corporation (KPC) said on Sunday it had made a "giant" oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.

A division of the UAE's Federal National Council (FNC) participated in the second day of the 10th BRICS Parliamentary Forum in Saint Petersburg, Russia.

SpaceX's workhorse Falcon 9 rocket was grounded by the US Federal Aviation Administration (FAA) on Friday after one broke apart in space and doomed its payload of Starlink satellites.

Former presidents and prime ministers have sent an open letter to current leaders of the world's 20 largest economies urging support for a global tax on billionaires, which they called a rare political opportunity.

The UAE's Artificial Intelligence, Digital Economy and Remote Work Applications Office has announced the launch of its "AI Challenge" to fuel the growth of the UAE's AI landscape and foster new opportunities for AI-focused businesses and talent.

The importance of sustaining the country's progress in combatting money laundering and counter-terrorism financing has been highlighted by the UAE's Minister of Foreign Affairs, His Highness Sheikh Abdullah bin Zayed Al Nahyan.

Samsung Electronics unveiled its latest foldable smartphones on Wednesday, making its priciest flagship model lighter and slimmer and bolstering AI functions as it challenges Apple's dominance in the premium market.

Dubai has unveiled plans to develop the world's largest logistics hub for foodstuff, fruit and vegetable trade.

The Ministry of Energy and Infrastructure (MoEI) has launched the National Green Certificates Programme, to promote environmentally friendly building practices in line with the objectives of the National Demand-side Management Programme and the National Green Building Regulation.

A workers' union at tech giant Samsung Electronics in South Korea said on Wednesday it would continue to strike indefinitely, stepping up its campaign for better pay and benefits.

Dubai Chambers has signed a Memorandum of Understanding (MoU) with VFS Global for the visa outsourcing specialists to provide services to accelerate trade and investment development for Dubai-based companies across the company’s global network.

The number of homes worth $10 million or more that were sold in Dubai held steady in the first half of the year despite a drop in listings, an industry report showed, as demand from the international ultra-rich stayed strong.

Dubai Customs has created a “Voluntary Disclosure System” to enable clients to disclose prior errors made when declaring information in customs declarations, abide by procedural requirements, and facilitate paying resulting customs dues.

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge to resolve a US Justice Department investigation linked to two 737 MAX fatal crashes, the government said in court filing late on Sunday.

The Independent Power and Water Producer (IPWP) model developed and designed by Dubai Electricity and Water Authority (DEWA) to align with the requirements of Dubai and its legislative and technical environment has attracted investments worth AED 43.6 billion over 10 years, the authority announced on Sunday.

Dubai Customs has welcomed a high-level delegation from Dubai Chambers, where they discussed ways to collaborate towards achieving the goals of the Dubai Economic Agenda.

Japan will play the leading role in decarbonization efforts in Asia, Prime Minister Fumio Kishida pledged Friday.

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.