Dubai, UAE - Saudi Arabia has introduced a new electronic visa system for Muslims intending to embark on the spiritual journey of Umrah. The Ministry of Haj and Umrah aims to facilitate the pilgrimage experience for Muslims worldwide by initiating this streamlined online application process. The visa issuance has commenced, and...

Making a strong push for transition to a green economy by building a clean energy infrastructure, Dubai saw the launch of the first phase of the plant at Warsan. Speaking at the site, the crown prince of Dubai said that the emirate has steadily expanded its capacity to produce energy...

DIFC provides a platform for AB to expand its wings.

Dubai, UAE - A program that enables companies to access innovative and affordable cybersecurity solutions was introduced at a workshop on cyber security organized by the Dubai Chamber of Commerce.The special one-year package, jointly developed by Dubai Chambers and Mastercard, is designed to support companies in evaluating and improving their...

Dubai, UAE--The UAE's financial advisory market is expected to reach a market volume of nearly $239 billion by the end of this year.According to Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., the UAE's ultra-high-net-worth individuals (UHNWI) demographic is projected to grow at a compound annual growth rate...

Dubai, UAE -- Dubai's real estate market recorded deals worth AED1.4 billion on Monday, according to Dubai Land Department.The deals included 495 sales transactions worth AED1.15 billion on Friday, in addition to 79 mortgage deals totaling AED 297.58 million, and six gift deals amounting to AED7.52 million.The sales included 467...

Dubai, UAE - The United Arab Emirates (UAE) is gearing up for its next public holiday, as residents anticipate the upcoming three-day weekend to commemorate the Islamic New Year, also known as the Hijri New Year. The upcoming holidays are highly anticipated. following the recent extended Eid Al Adha vacation, which...

DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700 kilograms of "methamphetamine" powder, valued at approximately US$310 million, were concealed within a cargo ship originating from an Asian country and bound for Japan.The successful operation led to the apprehension...

Dubai, UAE -- Dubai's real estate market has recorded its highest semi-annual sales figures ever, with 61,000 deals worth AED 179.34 billion ($47.8 billion) taking place in the first half of 2023, according to W Capital Real Estate Brokerage.CEO of W Capital, Al Zarooni, said the growth rate in terms...

Dubai, UAE - National banks in the UAE have increased their credit financing to the business and industrial sectors by AED40.6 billion ($11 billion) or 5.8 percent as of the end of April 2023, according to the Central Bank of the UAE. The statistics reveal that national banks provided a total...

Dubai, UAE - The Middle East region is expected to experience a demand for 78,000 cabin crew members, 28,000 commercial pilots, and 22,000 commercial aircraft maintenance technicians by 2032, a report on the Middle East aviation industry by Canadian firm CAE has revealed. The CAE analysis projects that the global aviation...

Dubai, UAE-- Dubai Customs has scuttled nearly 2,600 attempts during the last three years to smuggle drugs, combating a concerted campaign to bring in drugs into the emirate as it commemorates the International Day Against Drug Abuse and Illicit Trafficking on June 26th each year.Between 2020 and 2022, Dubai Customs...

DUBAI, UAE - Dubai Land Department (DLD), through the real estate development sector, has launched the real estate investment trusts (REIT) privileges registry, and announced the opening of registration in it.Following the design and development of the online platform and the training the service centers to receive applications, local and...

DUBAI, UAE -  A total of 4,048 real estate transactions worth over US$4.2 billion  (AED 15.6 billion) were conducted during the week ending 23rd June, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 278 plots were sold for US$473 million (AED 1.74 billion),...

They will more than double Indonesia's BNCT's capacity to 1.4m TEUs.

Dubai, UAE -- Dubai real estate market recorded real estate transactions worth AED 2.5 billion ($680 million) on Thursday, Dubai Land Department said.The transactions included 744 sales worth AED2 billion, in addition to 153 mortgage deals of AED542.55 million, and 27 gift deals amounting to AED31.3 million.The sales included 688...

Abu Dhabi, UAE--The UAE airports have received nearly 31.8 million passengers in the first quarter of 2023, a rise of 11.5 million passengers from the same period in 2022, when about 20.4 million passengers were recorded, according to the Central Bank of the UAE (CBUAE).Indicating that the civil aviation sector...

Dubai,  UAE - Dubai International Chamber, one of the three chambers operating under Dubai Chambers on Wednesday marked the official inauguration of its latest international office in Johannesburg, South Africa.The new office further strengthens the UAE’s growing trade links with Africa and will seek to boost the level of bilateral...

Dubai, UAE - Pakistan has taken steps to finalize a deal with the United Arab Emirates (UAE) for the handover of the Karachi port terminals, potentially marking the first inter-governmental transaction under a law implemented last year to raise emergency funds. The decision was made during a meeting chaired by Finance...

DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released by Dubai's Land Department (DLD) showed.The market also recorded 130 mortgage deals totaling US$732 million (AED2.69 billion), and 21 gift deals amounting to US$59.5 million (AED218.56 million).The sales included 566...

DUBAI, UAE -  Arada's US$500 million Sukuk was listed in Nasdaq Dubai. The Sukuk is the first issuance by Arada on the region’s international financial exchange, further solidifying Dubai’s position as one of the largest Sukuk listing venues globally, with a total value of US$77 billion.To celebrate the successful listing...

According to Qatar's foreign ministry, Doha will reopen embassy in Abu Dhabi and its consulate in Dubai immediately. The UAE too will throw it embassy open in Doha. The UAE's Foreign Minister, Sheikh Abdullah bin Zayed, spoke to Sheikh Mohammed bin Abdulrahman Al-Thani, Qatar's Prime Minister and also its Foreign...

DUBAI, UAE -  Yemen's government and Iran-backed Houthi rebels are locked in talks in Jordan to set the ground for a possible prisoner exchange, a Red Cross official told AFP on Sunday.Yemen's conflict began in 2014 when the Houthis seized the capital Sanaa, prompting a Saudi-led coalition to intervene the following...

DUBAI, UAE -  Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 900 megawatt (MW) fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park.This will be the largest single-site solar park in the world with a...

DUBAI, UAE  - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched its third report on the emirate's digital economy.The Dubai's Venture Capital Ecosystem report provides an overview of the investor landscape backing the start-ups and scale-ups that are transforming Dubai and the...

DUBAI, UAE - A total of 3,625 real estate and properties transactions valued at US$3.4 billion (AED12.5 billion) were conducted during the week ending June 16, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 189 plots were sold for US$620 million (AED 2.28...

DUBAI, UAE - Dubai International Chamber (DIC), one of the three chambers operating under Dubai Chambers, inaugurated on Friday a new international representative office in London, UK.The launch of the new office, which is DIC’s first representative office in Europe and 20th globally, marks a significant step in the chamber’s...

Dubai, UAE - Dubai witnessed 604 sales transactions totaling AED2.1 billion ($567.8 million) on Thursday in addition to 106 mortgage deals amounting to AED337.09 million ($91.5 million) and 32 gift deals amounting to AED158.95 million ($43.2 million).The sales transactions consisted of 557 villas and apartments worth AED1.66 billion ($449.6 million)...

DUBAI, UAE :   In the first five months of 2023, Audi Middle East achieved a 33 percent growth compared to the same period in 2022, making it the strongest start to a year since 2015.All Audi sedan and SUV models have experienced significant year-on-year growth; with Audi Approved Plus vehicles...

DUBAI, UAE - The Ministry of Energy and Infrastructure (MoEI) has joined UAE's National In-Country Value (ICV) program following a memorandum of understanding with the Ministry of Industry and Advanced Technology (MoIAT).The MoU was signed in the presence of Dr. Sultan Al Jaber,  UAE Minister of Industry and Advanced Technology;...

Dubai, UAE – Realiste, proptech company in the UAE, has made a list of the most profitable areas for short-term rental and long-term rental and also talked about the most profitable investment strategies in these areas.Here is the list of the best Dubai locations for property investment with a focus...

Dubai, UAE - The UAE's precious metals market, which includes gold, jewelry, gold bars, and silver, is expected to reach a value of AED 13.21 billion ($3.59 billion) by the end of the decade. This projection is based on a forecasted compound annual growth rate of 3.66 percent through 2030....

Dubai, UAE: Dubai's property sector has witnesses a 78 percent increase in sales volume in May 2023 when compared to the same period one year ago.About 11,700 real estate transactions were logged last month, an almost double bump from the 6,587 sales that were registered in May 2022.A recent analysis...

Dubai, UAE - The next edition of ‘A Call from Space’, an exclusive event featuring Emirati astronaut Sultan AlNeyadi is being held in Ras Al Khaimah today at 2 PM. So far five editions of the event have been held, four of them across the UAE and the one in...

Aim is to enhance trade between the UAE and Kazakhstan.

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) has commissioned six new 132/11 kV transmission substations from January to the end of April 2023 with a conversion capacity of 900 megavolt-amperes (MVA), and a cost of US$151 million (AED555 million).The new transmission substations are in Al Jaddaf, Tilal Al...

Dubai, UAE - Middle East, Turkey, and Africa (META) region ranks among the top three regions most prone to mobile financial scams, a recent report by cybersecurity firm Kaspersky has revealed. The study indicates that 14 percent of installations of potentially unwanted mobile financial apps on Android phones were made by...

Dubai, UAE-- The UAE and South Korea are aiming to foster cooperation to promote entrepreneurship and support growth of small and medium enterprises in the two countries' markets.In this connection, Abdullah bin Touq Al Marri, Minister of Economy, held a bilateral meeting with Lee Young, Minister of SMEs and Startups...

Dubai, UAE--The UAE and Russia have held the second round of negotiations on the double taxation agreement on income and capital. The talks follow the ministry’s efforts to further strengthen cooperation frameworks for tax matters, provide full protection to taxpayers from double taxation and avoid the obstruction of the free...

Dubai, UAE - Dubai has achieved top global ranking in attracting Foreign Direct Investment (FDI) projects in the cultural and creative industries in 2022,  revealed Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority on Monday.According to the Dubai FDI Monitor report, compiled by...

Dubai, UAE -- Dubai's real estate market recorded real estate transactions worth AED 3.5 billion ($952 million) on Monday, the emirate's Land Department said.The deals included 671 sales transactions worth AED2.29 billion, 149 mortgage deals totaling AED1.14 billion and 29 gift deals amounting to AED98.65 million, the DLD said.The sales...

DUBAI,  UAE -  Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a new initiative to help tech companies set up in Dubai.The initiative will provide a comprehensive package of services designed to support tech and digital startups, SMEs, and multinational corporations planning...

Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore efforts in promoting innovation in energy and water and developing sustainable solution for energy production using advanced technologies.In this regard, Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA, hosted a...

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has signed a strategic partnership agreement with Al-Futtaim Automotive to deploy 360 vehicles, including electric and hybrid variants, for use in conferences and events over a three-year period.As part of the agreement, which supports RTA's sustainable transport network and the Zero-Emissions...

Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and combat climate change with a delegation from the US Consulate General, led by Megan Gregonis, the Consul-General in Dubai.The discussion also focused on SEWA's efforts in promoting innovation in energy...

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) ’s Research and Development (R&D) Center has developed an advanced, smart facility to simulate various leakage cases of water transmission pipelines.This allows evaluation, development and testing of new leak detection techniques.The center developed the facility using software and hardware, based on...

Dubai, UAE - Founded in 2022, Islamic Coin ($ISLM) has garnered a community of over 1.3M users, a feat accomplished in less than six months. The coin which aims to cater to over 2 billion Muslims worldwide is the first Shariah-compliant decentralized ledger specifically designed to follow the rules and traditions...

Dubai, UAE -- A total of 3,397 real estate and properties transactions valued at AED 9 billion ($2.45 billion) were conducted during the week ending 9 June 2023, according to the Dubai Land Department (DLD).The DLD data showed that 204 plots were sold for AED 1.52 billion, 2,562 apartments and...

Dubai, UAE - The number of deepfake videos online is increasing at an annual rate of 900 percent according to the World Economic Forum (WEF). A lot of deepfake fraud cases hit major headlines in the news, with reports relating to harassment, revenge, crypto scams.Here are three top three deepfake...

Dubai, UAE - After welcoming 14.36 million visitors in 2022, a 97 percent Year-over-Year (Y0Y) growth when compared to 7.28 million tourist arrivals in 2021, the emirate looks forward to receiving 18 million tourists this year.The city alone welcomed six million tourists in the first four months of this year...