The dividend is equivalent to 43.75% of paid-up capital.

Dubai, UAE — Dubai Chambers, in collaboration with Dubai Customs and DP World, convened a meeting with around 100 private sector companies to assess logistics challenges and explore ways to strengthen supply chain efficiency amid shifting global conditions.The session, chaired by Dubai Chambers Chairman Sultan bin Saeed Al Mansoori, brought...

Cloud services operated by Amazon Web Services (AWS) in the Gulf region continue to face disruptions more than a week after drone strikes damaged data centre infrastructure, raising concerns about the reliability of critical digital systems in an increasingly volatile geopolitical environment.

Some wealthy Asian investors are considering moving assets out of Dubai following Iranian missile and drone attacks on the city, raising concerns about the Gulf’s reputation as a stable financial hub, according to a report by Reuters.The report said that shortly after the attacks last week, two Indian entrepreneurs based...

Dubai, UAE -- The International Monterey Fund (IMF) has projected global growth to remain at 3.3 percent this year and the next, before slowing to just above 3 percent over the next five years, well below the historical average.IMF Managing Director Kristalina Georgieva said that growth in the Middle East...

The Dubai College of Tourism (DCT) is driving innovation in hospitality training through technology, vocational education, and industry collaborations. With digital platforms like ‘Dubai Way’ and partnerships with Coursera and top hotels, DCT is equipping a skilled workforce to support Dubai’s growth as a global tourism hub.

Dubai, UAE -- Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history, with a combined value of AED 761 billion ($207.19 billion).The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 percent increase compared...

Abu Dhabi, UAE - A new report highlighted the UAE's leadership in the regional solar energy sector, driven by initiatives like the Dubai Clean Energy Strategy 2050, targeting 75 percent clean energy by 2050, and Abu Dhabi Vision 2030, aiming for 30 percent renewable energy within five years.The "Solar Outlook...

Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the prestigious ‘One Billion Award’ to content creator Simon Squibb from the UK.The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest gathering...

Dubai, UAE - The 1 Billion Followers Summit, the world’s largest event dedicated to the content creator economy, brought together industry titans to explore the transformative impact of artificial intelligence (AI) on content creation. With participation from YouTube, Meta, and Duolingo, the Summit underscored the evolving landscape of digital media...

Dubai’s aggressive initiatives like the 1 Billion Followers Summit and specialized creator visas put it ahead in attracting global talent, whereas Doha’s $1 billion investment focuses more on arts and sports-driven content creation.

Dubai, UAE - Dubai has been ranked eighth worldwide and first in the Middle East in the Global Power City Index 2024 (GPCI) for the second year in a row.In an annual study released by Japan’s Mori Memorial Foundation, the index highlights Dubai’s role as a leader in innovation, economic...

Dubai’s real estate market has had a record-breaking year, with new milestones being set throughout 2024, culminated in an all-time peak of 180,900 transactions worth AED 522.1 billion (US$145 billion)

Dubai, UAE -- Dubai’s real estate market recorded 180,900 transactions worth AED 522.1 ($142.1 billion) in 2024, a market report said.The report by fäm Properties said 2024 saw big leaps of 36 percent and 27 percent respectively on the previous high of 133,100 sales worth AED 411.1 billion in 2023.In...

From AI-powered content creation to automated feedback systems, technology is streamlining operations and improving patient care.

Dubai, UAE -- Coffee aficionados and industry leaders will converge in Dubai this February at World of Coffee (WOC) Dubai 2025 to participate in its first DMCC Specialty Coffee Auction, where some of the globe's rarest and most exquisite coffee beans will be up for bidding.Through a special strategic partnership...

In recent years, ‘wellness’ has come to mean many things for hotel operators. The term encompasses guest-centric experiences, environmental initiatives and architectural innovations – extending beyond the spa or health facilities to holistically shape the entire hotel journey.As Area Director of Spa & Wellness, Middle East with Mandarin Oriental Hotel...

The two countries have adopted a people-centric and collaborative upskilling approach, says Till Leopold, Interim Head of Knowledge Communities at WEF.

UAE President Sheikh Mohamed meets his Russian counterpart Vladimir Putin to discuss bilateral ties and Middle East. Sheikh Mohamed will also attend BRICS Summit in the Russian city of Kazan.

Over 500 experts gathered at the World Economic Forum Annual Meeting of the Global Future Councils 2024 in Dubai to address the world’s most pressing issues related to economic inequality, climate emergency and geopolitical tensions.

More than 500 experts are expected to attend the meeting. Amid a rapidly shifting global landscape of geopolitical tensions, climate emergency and economic inequality, the meeting will provide a crucial space for collaborative, innovative thinking.

With temperatures regularly topping 40 degrees Celsius, outdoor activities are severely limited. More than one million people have visited the night beaches since last year.

Gotemba, Japan -- The Asia-Pacific Golf Confederation (APGC), the Masters Tournament and The R&A has announced that the 16th Asia-Pacific Amateur Championship will be contested at Emirates Golf Club’s Majlis Course in Dubai, United Arab Emirates (UAE), 23-26 October 2025. The Championship will return to Dubai and the Middle East...

Oil prices shoot up as Biden suggests that Israel might target Iranian oil facilities, while GCC Arab states, including Qatar, Saudi Arabia, and the UAE, reassure Iran of neutrality in the conflict between Tehran and Israel.

Abu Dhabi, UAE -- Net investments by foreigners and institutions in UAE equities amounted to AED 18.3 billion ($4.9 billion) as a result of purchases during the first nine months of this year, distributed by AED 15.6 billion in the Abu Dhabi market and AED 2.64 billion in the Dubai...

Dubai, UAE -- Dubai Corporation for Tourism and Commerce Marketing (DCTCM) has confirmed that 25 percent of visitors to Dubai are repeat visitors, reflecting their satisfaction with the experience the city has to offer.Speaking at a keynote session on the second day of the Dubai AI and Web 3 Festival,...

Dubai, United Arab Emirates - In a Dubai recording studio, hijab-clad Ghaliaa Chaker tunes her guitar and belts out original songs as she builds a career that is turning heads for more than just her music.The 26-year-old Syrian, who was raised in the United Arab Emirates, has become a social media...

Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of the A350 fleet". The first A350 was delivered to Qatar Airways at the end of 2014. A total of 87 A350-1000 aircraft are currently in service worldwide.

The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic help among local and expatriate families.

Dubai, UAE - Dubai's real estate market reached a new peak in July, with sales hitting an all-time high of AED50.1 billion ($13.6 billion). Although the market continued to grow, the year-on-year increase slowed to 33% from 53% in June, reflecting a high base effect from the same period in...

Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international overnight visitors in the first half of 2024, marking a 9 percent increase from the 8.55 million visitors during the same period in 2023. The achievement is aligned with the...

Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30, 2024, with net profit before tax growing to AED 195.4 million (USD 53.2 million), marking a significant 74 percent increase over the same period in 2023.The first half of 2024...

Dubai, UAE -- Dubai welcomed 9.31 million international overnight visitors from January to June 2024, a 9 percent increase over the 8.55 million tourist arrivals in the first half of 2023, according to data published by the Dubai Department of Economy and Tourism (DET).Following a landmark 2023, when the city...

The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth in credit and deposit balances.

At an indoor pool in Dubai, three rowers battle artificial rain and simulated waves as they train for an Arctic voyage intended to highlight the perils of marine pollution with focus on plastics.Their quest will take the team from one extreme to the next.Home base is the United Arab Emirates,...

Dubai’s Roads and Transport Authority (RTA) has started the study and design of Phase II of ITS Improvement and Expansion Project, WAM reported.This phase aims to cover 100 percent of the emirate's main roads and adopt the latest intelligent technologies and software, such as the Cooperative Intelligent Transport Systems (C-ITS),...

Dubai, UAE -- Dubai on Monday announced an $8 billion plan for a stormwater runoff system, two months after an unprecedented deluge and widespread flooding brought the desert state to a standstill.The rainwater drainage network announced by Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum on social media platform X is set to...

The Houthis, who are at war with a Saudi-led coalition after ousting the government from Sanaa in 2014, have launched scores of drone and missile attacks on shipping in the Red Sea and Gulf of Aden since November. They have said they are harassing the vital trade route in support...

Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.

Dubai, United Arab Emirates - Yemen's Iran-backed Houthis launched several drones and two ballistic missiles on Friday, the US military said, after deadly overnight strikes by American and British forces prompted retaliatory threats from the rebels.US Central Command (CENTCOM) said it intercepted four drones launched by the Houthis - three over...

"At approximately 1 am (Sanaa time) May 18, Iranian-backed Houthis launched one anti-ship ballistic missile (ASBM) into the Red Sea and struck M/T Wind, a Panamanian-flagged, Greek owned and operated oil tanker", CENTCOM said in a post on social media site X.

Dubai, UAE -- Dubai welcomed 5.18 million international overnight visitors from January to March 2024, an 11 percent rise over the 4.67 million tourist arrivals during the same period in 2023, according to data published by Dubai Department of Economy and Tourism (DET) at the 31st edition of Arabian Travel...

Dubai, UAE - The 31st edition of Arabian Travel Mart, 2024, taking place from May 6 to May 9, is poised to welcome over 2,300 exhibitors and representatives from more than 165 countries, with 41,000 attendees expected. The theme of this year's event is ‘Empowering Innovation: Transforming Travel Through Entrepreneurship.’The...

Abu Dhabi, UAE -- Miral Destinations, a subsidiary of Miral and promotional partner for Yas Island and Saadiyat Island Abu Dhabi, is set to showcase its latest offerings and attractions and unveil Saadiyat Island’s forthcoming ‘Elevate Your Senses’ campaign at the Arabian Travel Market (ATM) 2024.Scheduled to take place from...

"We approved the designs for the new passenger terminal at Al Maktoum International Airport, and (are) commencing construction of the building at a cost of AED 128 billion ($34.85 billion)," Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and prime minister of the United Arab Emirates, said on...

In the first attack "the vessel experienced an explosion in close proximity to the vessel which was felt by the crew on board", UKMTO said on X, formerly Twitter. "The second attack on the vessel consisted of what is believed to be two missiles, which resulted in damage," it added.

Dubai, UAE -- Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, said Monday that the combined market value of the nine multinational companies (MNCs) it attracted to Dubai last year exceeds AED 304 billion (US$82.84 billion).The chamber attracted a diverse range...

GCC region is a hidden gem, offering a distinct blend of Arabic culture and history, Fahim Jalalli, CEO of Kanoo Travel, tells TRENDS in an exclusive interview.

Power outages were reported around Dubai, which was dotted with flooded areas and submerged and abandoned cars. One road tunnel near the airport was completely flooded to a depth of several meters.

Dubai, UAE -- One hundred and five homes priced in excess of US$10 million were sold in Dubai during the first three months of the year, up 19 percent on Q1 2023, according to the latest analysis from global property consultant, Knight Frank.The total value of luxury homes sold during...