Business Economy UAE

UAE Launches ‘Naseej’ to Drive Textile Sector Towards Circular Economy

News Editor 01/06/2026

Photo Credit : X / UAEmediaoffice The UAE has launched Naseej, a national initiative aimed at transforming the country’s textile sector into a circular economy model, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan. The initiative seeks to reduce textile waste

Economy

EMSTEEL launches UAE’s highest-strength rebar for mega infrastructure projects

News Editor 22/05/2026

Photo Credit : WAM EMSTEEL Group has launched ES600, a new high-performance steel rebar described as the highest-strength steel grade currently manufactured in the UAE, marking a major step in the country’s push toward advanced industrial production and sustainable infrastructure development. The company unveiled the ES600 rebar during its “Building the UAE’s Future

Economy UAE

UAE economy proves resilience amid regional challenges, says minister

Miguel Hadchity 22/05/2026

Photo Credit: WAM Dubai, UAE — May 2026 — The UAE continues to cement an economic model built on openness, continuity, and adaptability, the country’s Minister of Economy and Tourism said on Friday, asserting that the national economy has demonstrated its ability to maintain competitiveness and stability despite geopolitical pressures and regional turbulence.

Economy GCC

UAE reinforces Africa trade ties at CEO Forum in Rwanda

News Editor 18/05/2026

Photo Credit : WAM On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Foreign Trade, participated in the 2026 Africa CEO Forum in Kigali, leading a high-level delegation of government officials and business leaders from the UAE. The annual forum, regarded as […]

Economy

Sheikh Khaled Reviews ADNOC Growth Projects, Urges Faster Delivery of Fujairah Export Pipeline

News Editor 15/05/2026

Photo Credit : WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan chaired a meeting of the Executive Committee of the ADNOC Board of Directors at the company’s headquarters in Abu Dhabi, where senior officials reviewed major energy and industrial expansion projects aimed at strengthening the UAE’s global energy position. During the meeting, Sheikh […]

Business Economy Finance Law UAE

UAE VAT Rules: What Businesses Must Know

Saba Malik 13/05/2026

For many small business owners in the UAE, one of the biggest responsibilities after 2018 has been learning how VAT works and why proper tax compliance matters for businesses of all sizes. In the United Arab Emirates, value-added tax may still feel relatively new to some companies, but with 2024 seeing nearly 79,400 registration applications, […]

Economy

EMSTEEL posts strong Q1 2026 results with AED2.2bn revenue and sharp profit growth

News Editor 13/05/2026

Photo Credit : WAM Abu Dhabi-based EMSTEEL reported revenue of AED2.2 billion for the first quarter of 2026, maintaining performance levels broadly in line with the same period last year while delivering a significant rise in profitability. The company announced EBITDA of AED483 million for Q1 2026, marking an 82 percent year-on-year increase. EBITDA margin […]

Economy

Dubai Chambers to Hold China Business Forum in Shenzhen This October

News Editor 12/05/2026

Photo Credit : WAM Dubai Chambers has announced that the next edition of the Dubai Business Forum – China will be held in Shenzhen on October 14, 2026, under the theme “Momentum at Scale: Accelerating Shared Success.” The event is set to bring together senior business leaders, investors, multinational companies, technology firms, and venture capitalists […]

Economy UAE

ADEX deploys first AED367m tranche under EDB export financing partnership

News Editor 07/05/2026

Photo Credit : WAM The Abu Dhabi Exports Office (ADEX) has announced the deployment of the first funding tranche for UAE companies under its AED1 billion export financing partnership with Emirates Development Bank (EDB), marking a major step in supporting the country’s industrial growth and export expansion strategy. The announcement was made during Make it […]

Economy Energy

UAE Ministry, ENEC partner to strengthen nuclear sector intellectual property protection

News Editor 06/05/2026

Photo Credit : WAM The Ministry of Economy and Tourism and Emirates Nuclear Energy Company have signed a Memorandum of Understanding (MoU) aimed at enhancing cooperation in intellectual property (IP) protection and patent development within the UAE’s nuclear energy sector. The agreement was signed during the Make it in the Emirates 2026 forum in the […]

Economy UAE

Dubai launches major tunnelling phase for Metro Blue Line project

News Editor 05/05/2026

Photo Credit : WAM Sheikh Mohammed bin Rashid Al Maktoum has officially launched the main tunnelling works for the Dubai Metro Blue Line, a landmark infrastructure project valued at over AED20.5 billion, marking a significant step forward in the emirate’s long-term urban mobility strategy. Spanning 30 kilometres, the new line will feature 14 stations, including […]

Economy

UAE blocks 13,667 piracy websites in Q1 2026 amid major digital crackdown

News Editor 29/04/2026

Photo Credit : WAM The UAE Ministry of Economy and Tourism has stepped up its fight against online piracy, blocking 13,667 violating websites in the first quarter of 2026. The figure marks a nearly 400 percent increase compared to the same period last year, pushing the total number of blocked sites to 47,667 since the […]

Economy Energy UAE

NMDC Energy posts strong Q1 2026 results with revenue up 33%

News Editor 28/04/2026

Photo Credit : WAM NMDC Energy has reported a solid start to 2026, delivering strong financial results for the first quarter while maintaining steady operations across all projects despite a complex regional environment. The company recorded revenues of AED5 billion in Q1 2026, marking a 33 percent increase compared to the same period last year. […]

Business Economy

Abu Dhabi International Boat Show to return in November 2026

News Editor 24/04/2026

Photo Credit : WAM The Abu Dhabi International Boat Show (ADIBS), organised by ADNEC Group, is set to return for its eighth edition from November 19 to 22, 2026, at Marina Hall, ADNEC Centre Abu Dhabi. The upcoming edition will adopt a refreshed format, bringing together leading global players from the marine industry to showcase […]

Economy UAE

DIEZ, VOLT UAE partner to build AI-ready data centre in Dubai Silicon Oasis

News Editor 23/04/2026

Photo Credit : WAM Dubai Integrated Economic Zones Authority (DIEZ) has announced a strategic joint venture with VOLT UAE to develop an advanced AI-ready data centre in Dubai Silicon Oasis (DSO), reinforcing Dubai’s ambitions as a global digital economy hub. The announcement was made in the presence of Dr. Mohammed Al Zarooni, Han de Groot, […]

Economy UAE

UAE Pavilion draws global attention at DSA 2026 in Malaysia

News Editor 22/04/2026

Photo Credit : WAM The United Arab Emirates National Pavilion continued to capture strong international interest on the second day of the Defence Services Asia Exhibition and Conference 2026, held at the Malaysia International Trade and Exhibition Centre. The pavilion has emerged as a key platform for defence collaboration, showcasing the UAE’s growing capabilities in […]

Business Economy

UAE launches eInvoicing 4-Corner model to advance digital economy

News Editor 21/04/2026

Photo Credit : WAM The Ministry of Finance UAE has rolled out the eInvoicing 4-Corner model, marking a major step in the country’s push toward a fully digital and automated financial ecosystem. The new framework enables businesses across the UAE to exchange electronic invoices seamlessly through accredited channels, strengthening efficiency, transparency and compliance in

Economy

Multimodal transport corridors reshape global trade: DP World

News Editor 20/04/2026

Photo Credit : WAM DP World is advancing integrated logistics solutions as global supply chains adapt to shifting trade dynamics, with multimodal transport corridors emerging as a key driver of efficiency and resilience. In a new whitepaper titled “A $60.7 Billion Opportunity: Multimodal Transport and the Future of Global Trade,” the company highlights how combining […]

Economy

ADGM, Shenzhen’s Futian District sign pact to boost cross-border finance ties

News Editor 20/04/2026

Photo Credit : WAM Abu Dhabi Global Market (ADGM) has signed a Memorandum of Understanding with Futian District in Shenzhen, marking a new phase of economic and financial cooperation between Abu Dhabi and one of China’s leading innovation hubs. The agreement sets a framework to strengthen collaboration across key sectors including financial services, innovation, and […]

Economy

Dubai South rolls out new incentives to support businesses

News Editor 17/04/2026

Photo Credit : WAM Dubai South has unveiled a fresh package of incentives aimed at supporting companies operating within its Free Zone, as part of ongoing efforts to maintain economic momentum and strengthen business confidence. The initiative, aligned with the broader strategy of the Dubai Free Zones Council, focuses on enhancing the competitiveness and resilience […]