A new UAE fund worth $10bn is to be set up to finance developments in ‘strategic…
UAE
Business news and investment opportunities in the United Arab Emirates
STATS
Source: World Bank
Currency: United Arab Emirates dirhamGDP: 414.2 billion USD (2018)
GDP per capita: 43,004.95 USD (2018)
Gross national income: 726.5 billion PPP dollars (2018)
GDP growth rate: 1.7% annual change (2018)
GNI per capita: 75,440 PPP dollars (2018)
Internet users: 94.82% of the population (2017)
Mars mission on track as UAE sets 50-year sights high
Just over a week after the UAE’s Hope probe had sent back its first pictures of Mars,…
Israel-UAE detente puts stars in their eyes
The commercial space and high tech sectors could be among the big winners out of last…
Aramex buys way in to Vision 2030
In a further statement of its intent to capitalise on Saudi Arabia’s Vision 2030 initiative, the…
Khalifa joins Maritime Silk Road as concerns grow over Beijing’s influence
The UAE’s Khalifa Port is set to become the latest link in China’s 21st Century Maritime…
ADNOC planning $14bn float of UAE gas stations as Gulf states diversify
Abu Dhabi’s state-owned oil company ADNOC is planning to float a stake in its retail distribution…
Alibaba to open data centres in Dubai and Germany in battle for Cloud
Chinese e-commerce giant Alibaba has chosen Vodafone Germany as the first European partner for its Cloud…
Pakistan export drive targets UAE
Pakistan export drive: Pakistan has set aside $170m to trigger a 10% – or $35bn – annual increase in exports, according…
Rostec set to sell off 25% stake in Russian Helicopters to UAE fund
Russian state technologies corporation Rostec is expecting to rubber-stamp the sale of a 25% stake in…
TCOR takes stake in Turkmen Petroleum trading company
Turkmenistan’s Turkmenbashi Complex of Oil Refineries (TCOR) has became one of the shareholders of the newly-created…
Baku ‘missing piece’ in East-West transport jigsaw
Baku will become a key link in the transport network linking Asia top Europe once Azerbaijan completes its section of…
Russia looks to UAE for transport investment and commercial experience
Russia looks to UAE: On the eve of the annual AIM Congress in Dubai, Russia’s Deputy Minister…
Russia to export halal meat to Arabian Gulf
Russia to export halal meat: Russia’s food watchdog Rosselkhoznadzor and the Council of Muftis in Russia…
Russia and UAE self-propelled artillery deal nearing fruition
Russia and UAE self-propelled artillery deal: Russia and the United Arab Emirates are preparing to sign…
UAE and Azerbaijan in bilateral talks over satellites and high tech
The UAE and Azerbaijan have agreed to work together to develop their satellite communications and high-tech…
Flydubai lands in Almaty International
Flydubai, UAE’s budget airline, completed its inaugural flight to Almaty yesterday. The new route is part of…