Dubai, UAE -- A total of 3,252 real estate transactions worth over AED 10.6 billion ($2.88 billion) were conducted during the week ending 28th July, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 319 plots were sold for AED 1.92 billion, while 2,137...

Dubai, UAE -- Dubai witnessed the completion of nine real estate projects worth AED 4.06 billion ($1.10 billion) in H1 2023. According to data issued by the Dubai Land Department (DLD), 392 real estate projects are currently being developed in the emirate.The first six months of 2023 also witnessed the...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned 676 11kV distribution substations across Dubai in the first half of 2023.The construction of the substations and associated tasks for new customers required a combined effort of 505,684 man-hours.“We provide an advanced and integrated electricity and water infrastructure to keep...

The bank recorded a total income of $2.53 billion.

Profit driven by core revenues, effective cost management.

Dubai, UAE - L&T Construction, part of Larsen & Toubro, has secured new orders in Saudi Arabia, Malaysia, and India.The company will construct a ±525kV High Voltage Direct Current (HVDC) transmission segment in Saudi Arabia. This forms part of a large capacity Voltage Source Converter (VSC) based HVDC system, connecting...

Dubai, UAE -- Dubai's position as the leading hub for international dispute resolution has been further strengthened as the Dubai International Financial Centre (DIFC) Courts reported a staggering 692 percent increase in the overall value of claims during the first half of 2023 compared to the same period last year....

DUBAI, UAE - Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10 percent surge from the 12.7 million transactions registered in the same period last year.The UAE economy is poised to experience further growth...

DUBAI, UAE - In Dubai’s economic growth story, family businesses stand tall as architects of growth, innovation and value creation. Generating over 40 percent of the emirate’s GDP, the sector represents Dubai's indomitable spirit of enterprise.Now, as the emirate seeks to unlock a new phase of high-powered growth for its...

DUBAI, UAE - Authorities in Yemen have identified a suspect in the killing of a World Food Program official in the southern Taez province, a security official has told AFP.Moayad Hameidi, the head of the UN food agency's office in Taez, was killed in a shooting on Friday in the nearby...

DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in green finance initiatives.The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers.Held by the chamber’s Center for Responsible Business as part of...

Dubai, UAE-- Seeking to forge partnerships around the world, Dubai Chambers will host a two-day event in November this year called Dubai Business Forum, bringing together key public and private sector stakeholders.The event will be hosted at the city’s Madinat Jumeirah on 1st and 2nd November, 2023, under the theme...

Dubai, UAE -- Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum has issued a law (No. 16 of 2023) to regulate urban planning in Dubai. The law seeks to create an integrated and effective urban planning system that promotes investment, sustainable development, prosperity, and an improved quality of life for...

DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in the first half of 2023.The outstanding growth in the number of global events being hosted by the city contributes further to its economic growth in line with the goals of...

DUBAI, UAE - The Dubai Supreme Council of Energy (DSCE) has received the ISO 50001:2018 in energy management systems and the net-zero statement of verification and assurance certificate.This followed a comprehensive assessment conducted by W3 Solutionz - USA through CanaGulf International Standardization.The new accomplishment adds to DSCE's achievements in energy...

DUBAI, UAE - Commercial transport sector contributed AED16.1 billion ($4.38bn) to Dubai's economy in 2022, said Mattar Al Tayer, Director-General, Chairman of the Board of Executives Directors of Dubai’s Roads and Transport Authority (RTA).The sector employs around 242,000 jobs by more than 7000 companies, local media reports said.“The sector is...

DUBAI, UAE - The Mohammed Bin Rashid Space Center (MBRSC) on Sunday announced the successful execution of the Dreams experiment by astronaut Sultan Al Neyadi on the International Space Station (ISS).The experiment, a pivotal achievement in sleep science and space research, was conducted in collaboration with the European Space Agency...

DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level Political Forum on Sustainable Development (HLPF), which runs from July 10-19 at the UN headquarters in New York.Established in 2012, the High-Level Political Forum is the UN’s central platform for...

Dubai, UAE - Six years after imposing a comprehensive blockade on Qatar, Saudi Arabia, the United Arab Emirates (UAE), and Bahrain have nearly restored ties with the country. However, underlying tensions persist, as changing dynamics in the Middle East drive competing foreign policy priorities. These unresolved issues have the potential...

The UAE and India vowed to make this year's COP28 conference in Dubai a success, as Indian Prime Minister Narendra Modi paid a visit to the Gulf state. The oil-rich UAE will host the COP28 UN climate talks in November and December, as nations are still far on means to...

Profit is a 41.5 percent jump compared to H1 2022.

Dubai, UAE - India’s Prime Minister Narendra Modi arrived in Abu Dhabi today for the final leg of his two-nation visit. The visit aims to strengthen the burgeoning bilateral ties between India and the United Arab Emirates (UAE), two strategic partners. Indian PM is scheduled to meet with UAE President Sheikh...

Dubai, UAE -- A total of 3,626 real estate transactions worth over AED 13.7 billion ($3.72 billion) were conducted during the week ending 14th July, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 618 plots were sold for AED 6.19 billion, while 2,410...

Dubai, UAE--The UAE and Mozambique have signed a memorandum of understanding (MoU) in the field of workforce to improve the management of the contractual work cycle for Mozambican workers in the UAE.The MoU was signed by Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratisation (MoHRE), and Margarida Adamugy...

Dubai, UAE-- Officials from Dubai Customs and Japan's consulate have discussed ways to boost trade cooperation between the two countries in a meeting in Dubai.The officials from the consulate expressed appreciation for Dubai Customs and its role in collaborating with international customs authorities and organizations to combat drug smuggling across...

DUBAI, UAE- As much of the world swelters in record temperatures, spare a thought for Issam Genedi, who ekes out a living washing cars in one of the planet's hottest regions, the Gulf.Pausing from his work at an outdoor carpark in Dubai, the Egyptian migrant says the UAE's furnace-like summer feels...

DUBAI, UAE -- Dubai real estate market recorded deals worth AED 3.6 billion on Thursday, Dubai Land Department data shows.The deals included 712 sales transactions worth AED3.38 billion, in addition to 112 mortgage deals of AED200.32 million, and 22 gift deals amounting to AED41.39 million.The sales included 538 villas and...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in recognition of its relentless efforts in climate action.This followed a comprehensive assessment conducted by W3 Solutionz - USA through CanaGulf International Standardization, based on the International Workshop Agreement Guidelines IWA...

Dubai, UAE - The GCC region could realize $9.9 of economic growth for every $1 invested in GenAI. At that rate, the overall economic impact of GenAI could reach $23.5 billion per year by 2030 within the region, Strategy& Middle East, part of the PwC network revealed in a study. Saudi...

DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer service.The Service Excellence Program (SEP) will evaluate the quality of customer experience delivered by private sector companies through mystery shopper reports.The initiative will ensure the implementation of global best practices...

Dubai, UAE -  Credit Suisse Qatar CEO Aladdin Hangari is joining HSBC. Patrick D’Amico, a Zürich based Credit Suisse Managing Director and Strategic Client Partner, as well as several other senior team members will be joining HSBC with him. D’Amico and his colleagues are a leading Middle East banking team advising...

Dubai, UAE--Dubai Investments and E20 Investment have signed a memorandum of understanding (MOU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development.E20 Investment, specializes in investing in and operating farms and processing facilities across the globe,...

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are falling victim to burnout brought about by workplace stress.

PGA Tour and the Public Investment Fund (PIF) are partnering on creating a for-profit company that combines the PGA Tour's commercial business and its media rights. 

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are falling victim to burnout brought about by workplace stress.

Dubai, UAE-- Dubai's Roads and Transport Authority (RTA) has reported a 10 percent increase in revenues for 2022 to $953 million from its digital channels.The company has also recorded 814 million digital transactions up from 676 million in 2021, a 20 percent growth rate. The company also reported a 30...

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) in the UAE has recently announced that its 3D printing efforts have resulted in significant cost savings of AED 509,658 ($137,000) during the years 2021 and 2022. The organization successfully produced over 1,800 spare parts for various divisions including generation, transmission, and...

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) aims to grow the city’s network of public charging stations by 170 percent in less than three years, local media reports said.This is in accordance with Dubai's plan to expand its electric vehicle (EV) charging infrastructure.By 2025, EV Green Charging Stations in...

DUBAI, UAE -  Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization (MoHRE) revealed on Sunday as the deadline for companies with 50 employees or more to achieve a one percent Emiratization growth in skilled jobs has ended.These numbers reflect the highest-ever...

DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al Tayer said that RTA recorded 814 million digital transactions in 2022.“In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate of...

Dubai, UAE-- During the first half of 2023 the Dubai Police has recorded some 65,942 smart transactions at its 22 "smart police stations" spread across the emirate of Dubai.The police said that a total of 65,942 smart transactions were conveniently and smartly processed without any human intervention. These included the...

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18 2023, will discuss six innovative research areas. Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power, local media reports said.The four-day...

Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest and unhealthiest countries. Singapore was rated as having the top service and state of health globally in 2023.Asia is well represented generally, with the four top places rounded off by Japan,...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has exhorted community members to ensure that safety standards are always in place in their homes, especially before traveling or being away for long periods. DEWA urged its customers to follow its tips and guidelines to improve the efficiency of electricity and water...

Dubai, UAE -- A total of 3,244 real estate transactions worth over AED 13.6 billion ($3.70 billion) were conducted during the week ending 7th July, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 323 plots were sold for AED 3.33 billion, while 2,237...

Dubai, UAE - The United Arab Emirates (UAE) pledged on Thursday $15 million to support the rebuilding efforts in the Palestinian city of Jenin in the occupied West Bank. The announcement comes in the wake of a major Israeli operation in the area earlier this week, which resulted in significant...

Al-Jaber, head of the UAE national oil company ADNOC, told ministers from countries of the OPEC oil producers' grouping the industry must "urgently decarbonize its operations and take collective action to eliminate operational emissions".

DUBAI, UAE  - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released by Dubai's Land Department (DLD) showed.DLD said 134 mortgage deals totaling US$73 million (AED268.19 million), and 89 gift deals amounting to US$27 million (AED101.47 million).The sales included 567 villas and...

MENA is an important market for Verition.

Dubai, UAE - The International Federation for Falconry Sports and Racing (IFFSR) announced it will host the inaugural editions of the IFFSR Cup for international teams and the International Forum for Falconry Sports and Racing in December 2023.Second Deputy Ruler of Dubai and Chairman of the Federation Sheikh Ahmed bin...