Economy Real Estate

Sharjah real estate transactions climb 9.3% to AED29.5bn in first half of 2026

News Editor 15/07/2026

Photo Credit : WAM Sharjah’s real estate market continued its strong growth momentum during the first half of 2026, with total property transactions reaching AED29.5 billion, up 9.3 percent compared to the same period last year, highlighting rising investor confidence and sustained market

Economy

Ajman real estate transactions hit AED10.8bn in first half of 2026

News Editor 14/07/2026

Photo Credit : WAM Ajman’s real estate sector continued its strong growth trajectory during the first half of 2026, recording 6,815 property transactions worth more than AED10.8 billion, according to the latest figures released by the Ajman Land and Real Estate Regulation Department through the Ajman Real Estate Index. Engineer Omar bin Omair Al Muhairi, […]

Economy UAE

Dubai SME integrates Hi2 into Dubai Founders HQ to boost Emirati startups

News Editor 13/07/2026

Photo Credit : WAM The Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), operating under the Dubai Department of Economy and Tourism (DET), has integrated the Hamdan Innovation Incubator (Hi2) into Dubai Founders HQ, creating a stronger support platform for Emirati entrepreneurs and startups. The move brings Hi2, which has

Economy

Dubai Silicon Oasis to Host Doers Summit Dubai 2026 This November

News Editor 13/07/2026

Photo Credit : WAM Dubai Silicon Oasis (DSO) is set to host the second Middle East edition of Doers Summit Dubai 2026 from 24 to 26 November at Dubai Digital Park, bringing together global entrepreneurs, investors, technology companies and innovation leaders under one roof. Held under the patronage of H.H. Sheikh Ahmed bin Saeed Al […]

Economy

DEWA earns two global governance awards from Cambridge IFA

News Editor 10/07/2026

Photo Credit : WAM Dubai Electricity and Water Authority (DEWA) has strengthened its global reputation for corporate governance and sustainability after receiving two prestigious international honours from Cambridge IFA in the United Kingdom. The utility was recognised with the Best Corporate Governance Framework Award 2026 and the Excellence in ESG and Sustainability

Economy

EGA resumes alumina production at Al Taweelah refinery in Abu Dhabi

News Editor 10/07/2026

Photo Credit : WAM Emirates Global Aluminium (EGA) has restarted alumina production at its Al Taweelah alumina refinery, marking another major step in restoring operations at one of the UAE’s key industrial facilities following disruptions earlier this year. The company said alumina production is expected to increase to around 50 percent of the refinery’s

Economy

Dubai Chamber of Digital Economy promotes emirate’s tech ecosystem at GITEX AI Europe 2026

News Editor 07/07/2026

Photo Credit : WAM Dubai Chamber of Digital Economy has wrapped up its participation at GITEX AI Europe 2026 in Berlin, using the international platform to showcase Dubai’s growing digital economy and attract European technology companies, startups and investors to the emirate. During the exhibition, the chamber presented Dubai’s business ecosystem to 287

Economy

ADNOC Distribution to Acquire Shell Downstream South Africa in $1 Billion Deal

News Editor 07/07/2026

Photo Credit : WAM ADNOC Distribution has signed a definitive agreement to acquire 100 percent of the share capital of Shell Downstream South Africa (SDSA) from Shell South Africa Holdings in a transaction valued at approximately $1 billion, marking a major step in the company’s international expansion strategy. The deal, which remains subject to regulatory […]

Economy

ICC UAE wins global recognition as 2026 ICC National Committee Star

News Editor 03/07/2026

Photo Credit : WAM International Chamber of Commerce UAE has been named a 2026 ICC National Committee Star by the International Chamber of Commerce, marking a major achievement for the UAE’s business and trade community. The recognition was announced during #WeAreICCWeek in Paris, where ICC UAE also secured the Flagship Initiative Award for its ICC […]

Business Economy

Abu Dhabi launches maritime business guide to strengthen global investment appeal

News Editor 03/07/2026

Photo Credit : WAM Abu Dhabi Maritime has unveiled a new business guide aimed at boosting the emirate’s position as a global maritime hub and attracting international investors, according to Captain Saif Al Mheiri. Speaking to the Emirates News Agency, Al Mheiri said the newly launched Abu Dhabi’s Compass for Maritime Businesses: Your Gateway to […]

Business Economy

EGA makes fast progress on Al Taweelah restart after March attack disruption

News Editor 02/07/2026

Photo Credit : WAM Emirates Global Aluminium (EGA) has announced significant early progress in restoring operations at its Al Taweelah facility, with key milestones achieved ahead of schedule following major damage caused by the March 28 attacks targeting the Khalifa Economic Zone Abu Dhabi. The incident forced an emergency shutdown of the Al Taweelah complex, […]

Economy

Abu Dhabi construction sector shifts to high-value growth as private investment rises

News Editor 01/07/2026

Photo Credit : WAM Abu Dhabi Chamber of Commerce and Industry has released a new report showing that Abu Dhabi’s construction sector is moving into a more advanced growth phase, driven by technology-led systems, stronger private sector involvement and higher-value project delivery. The report, titled Abu Dhabi’s Construction Sector, is the second sector-focused study under

Economy

ADNOC L&S Raises 2026 Outlook on Strong Shipping, Offshore Performance

News Editor 29/06/2026

Photo Credit : WAM ADNOC Logistics & Services has upgraded its full-year 2026 financial guidance, citing stronger-than-expected performance in the second quarter and continued momentum across key business segments. The Abu Dhabi-based energy logistics giant said the revised outlook reflects robust year-to-date results, particularly within its Shipping segment, where

Economy Energy Oil & Gas

ADNOC Drilling launches first AI-powered walking island rig ahead of schedule

News Editor 25/06/2026

Photo Credit : WAM ADNOC Drilling has announced the successful delivery of its first artificial intelligence-enabled “walking” island rig, marking a major milestone in the company’s efforts to advance drilling efficiency and strengthen Abu Dhabi’s energy sector. The next-generation rig was delivered ahead of schedule, reinforcing ADNOC Drilling’s strategy to integrate

Economy Energy UAE

UAE, South Korea deepen cooperation in energy, nuclear and emerging technologies

News Editor 22/06/2026

Photo Credit : WAM The UAE and South Korea have explored new opportunities to expand their strategic partnership in energy, nuclear power and advanced technologies during high-level talks in Abu Dhabi. Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the UAE Ministry of Energy and Infrastructure, met with South Korean Trade, Industry […]

Economy

Abu Dhabi Youth Business Council Strengthens SME Links with Shanghai

News Editor 17/06/2026

Photo Credit : WAM The Abu Dhabi Youth Business Council (ADYBC), affiliated with the Abu Dhabi Chamber of Commerce and Industry, has completed a strategic economic programme in Shanghai aimed at helping Abu Dhabi-based small and medium-sized enterprises (SMEs) expand internationally and build stronger commercial ties with Chinese businesses and investors. The initiative

Economy

AD Ports Group Begins Trial Operations at Safaga Terminal in Egypt

News Editor 09/06/2026

Poto Credit : WAM AD Ports Group has launched trial operations at the new Noatum Ports Safaga Terminal in Egypt, marking a significant milestone ahead of the terminal’s full commercial launch later this year. The trial phase was inaugurated during a site visit by Egypt’s Minister of Transport, Lieutenant-General Engineer Kamel El Wazir, and Captain […]

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 and move the industry away from the traditional “take, […]

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.