Browsing: Business

The UAE’s winter tourism campaign concluded with hotel revenues surging 87% to USD 517M (AED 1.9B).

After an enthralling series of insight-fuelled debates, thought-provoking discussions, and revolutionary world-first application exhibits, Ai Everything Global 2025 concluded in thrilling fashion in the UAE on Thursday – cementing its status as the ultimate AI innovation hub.

Meraas, a member of Dubai Holding Real Estate, has announced the launch of City Walk Crestlane, a premium residential development with panoramic water views in the heart of Dubai’s urban landscape. The initial launch comprises two mid-rise towers: City Walk Crestlane 2 and 3, offering 394 modern residences, set against a backdrop of water features, pools and lagoons.

EMSTEEL, one of the region’s largest steel and building materials manufacturers, has secured strategic agreements…

Abu Dhabi Airports, which manages the emirate’s five commercial airports, reported strong growth in 2024, reinforcing its status as a key global aviation hub.

DP World’s ports and terminals recorded an all-time high of 88.3 million twenty-foot equivalent units (TEUs) in 2024, marking an 8.3% year-on-year increase despite global economic challenges and trade uncertainties.

RAK Properties, Ras Al Khaimah’s leading publicly listed developer, has reported its 2024 financial results, showcasing robust growth and strategic progress that pave the way for significant expansion in 2025.

AD Ports Group has entered into a shareholders’ agreement with CMA CGM Group, a leading global logistics provider, through its subsidiary CMA Terminals, to jointly develop, manage, and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville. The agreement follows AD Ports Group’s acquisition of a 30-year extendable concession for the terminal in June 2023.

The Ministry of Economy has introduced a new roadmap for Green Intellectual Property (IP) to drive innovation, accelerate technology localisation, and foster projects in the new economy, environmental sustainability, and circular economy.

Looking back at 2024, it was a year of record runs for both gold and Bitcoin. Gold gained around a quarter in value, reaching a new record of almost USD 2,800 per ounce. Bitcoin’s run was even more remarkable. Prices more than doubled, topping the threshold of USD 100’000 for the first time ever as the year came to a close.