Latest news and articles about uae economy from NEX English
The Abu Dhabi Investment Authority has revealed its new strategy focusing on sustainable development and growth. This initiative aims to strengthen its position in global markets and ensure sustainable returns for investors.
The UAE authorities have announced new efforts to integrate the UAE dirham symbol into keyboards for phones and computers. This initiative aims to enhance national identity and promote the use of the local currency in the digital space.
Dubai Electricity and Water Authority (DEWA) announced record profits in the first quarter of the year, fueled by increased demand for energy and growth in the clean energy sector. These results reflect the UAE's efforts to enhance its environmental sustainability.
Dubai Holding has announced its acquisition of a significant stake in Emaar Properties, making it the largest shareholder in the company. This move comes at a time when the real estate market in Dubai is experiencing notable recovery.
Despite the downturn in Dubai's real estate market, property owners continue to achieve doubling profits. Reports indicate that while the market has seen some changes, returns remain strong.
Dubai South has announced its progress in implementing its ambitious real estate plans for 2026, aimed at boosting economic growth and developing infrastructure in the region. These plans align with the UAE's future vision to enhance its position as a global business hub.
The Abu Dhabi General Index (ADI) has shown significant movements in its financial performance, reflecting market reactions to current economic conditions. Data indicates positive impacts on both local and foreign investments.
International Holding Company announced a net profit of <strong>8.2 billion dirhams</strong> in the first quarter of 2023, reflecting strong performance across its sectors. This positive outcome comes amid multiple challenges facing the global economy.
The United Arab Emirates has unveiled a massive investment plan worth <strong>$4.9 billion</strong> aimed at enhancing the industrial sector and developing supply chains. This initiative is part of the country's efforts to strengthen its position as a leading industrial hub in the region.
Tensions between the United States and Iran are significantly escalating, prompting concern among UAE residents. This situation arises at a sensitive time that requires awareness of potential risks and regional implications.
Fitch Ratings has confirmed Abu Dhabi's credit rating at ‘AA’, highlighting the emirate's strong oil revenues. This decision comes as military tensions rise in the Middle East, reflecting Abu Dhabi's economic stability in the face of challenges.
Wynn Resorts has announced plans to open the Wynn Al Marjan Resort on Marjan Island in the UAE in 2027. This will be the first fully integrated resort in the UAE, offering a comprehensive range of recreational and tourism services.
The real estate sector in Dubai recorded transactions worth <strong>$4.2 billion</strong> last week, including a luxury apartment in <strong>Jumeirah</strong> valued at <strong>$31 million</strong>. These figures reflect a notable recovery in the UAE's real estate market.
Sheikh Rashid bin Saeed Al Maktoum announced the transformation of Ras Al Khaimah into a major industrial hub in the UAE, enhancing its exports and economic growth. This announcement comes as the emirate experiences a significant increase in industrial investments.
Dubai's real estate transactions reached AED 2.3 billion last Tuesday, reflecting significant activity in the real estate market. This figure indicates a strong ongoing demand for properties in the emirate.
On Tuesday, April 28, 2026, the UAE Dirham showed significant stability at the start of banking transactions, reflecting the stability of the financial market in the UAE. The exchange rate against the Egyptian pound was approximately <strong>5.50</strong> pounds.
Dubai's real estate sector recorded transactions worth <strong>$4.3 billion</strong> last week, including a <strong>$32 million</strong> apartment sale. This growth reflects a significant recovery in the emirate's real estate market.
Standard & Poor's reports that UAE banks have achieved remarkable stability due to effective support from the Central Bank, mitigating the impact of regional tensions on the financial sector. This comes as political and economic crises escalate in the Middle East.
Companies listed on the Abu Dhabi Securities Exchange have achieved profits amounting to <strong>200 billion dirhams</strong>, with a commitment to a <strong>98%</strong> disclosure rate of their financial data. This milestone comes at a time when the market is witnessing a notable improvement in performance.
The Union Cooperative has announced a cash dividend of <strong>14%</strong> for the year 2025, reflecting its success in achieving positive financial results. This decision aims to enhance shareholder confidence and support business sustainability.
The Emirates Dates Factory has launched a new exhibition aimed at enhancing the date industry in the country, showcasing a variety of local products. This exhibition represents a significant step towards supporting the national economy and strengthening the UAE's position in the global date market.
During an inspection tour of Al Awir Market, the Minister of Economy and Tourism confirmed the abundance of goods and a decline in prices, reflecting market stability. This visit is part of government efforts to boost the local economy.
Dubai South has announced a new package of facilities aimed at supporting companies operating within its business complex. This initiative is part of the government's efforts to enhance the business environment and attract both foreign and local investments.
Alek Holding has announced its projections to achieve profits of up to <strong>687 million dirhams</strong> in 2025, reflecting the success of its expansion strategies. These figures come at a time when the UAE market is witnessing significant growth.
UAE savings have seen a significant increase of <strong>37%</strong>, with national bond funds exceeding <strong>18 billion AED</strong>. This growth reflects investor confidence in the national economy, particularly as it recovers from the challenges posed by the COVID-19 pandemic.
Emirati beekeepers achieved a remarkable milestone by winning 29 prestigious awards at the PIHA 2026 festival held in Abu Dhabi. This success underscores the quality of Emirati honey and its global superiority.
Multiple fires broke out at the Borouge factory in Abu Dhabi, leading to an immediate suspension of operations. The incident occurred following unspecified protests, raising concerns about the safety of industrial facilities in the region.
Emirates Global Aluminum announced a complete halt in production at its Al Taweelah plant for one year due to repeated Iranian attacks. This suspension will significantly impact both local and global aluminum markets.
The leading stocks in the Dubai Financial Market recorded significant increases during the first sessions of April, reflecting investor optimism and positive expectations regarding economic performance. These gains have bolstered market confidence, opening new avenues for investment.
Dubai's real estate market has shown exceptional performance in the third quarter of the year, achieving its best quarterly results in history. Despite global economic and political tensions, Dubai continues to attract significant real estate investments.