South Africa's Justice Minister Ronald Lamola said the government was notified on Thursday evening of a Dubai court decision not to allow for the extradition of business tycoons Atul and Rajesh Gupta. The Guptas are alleged to have colluded with former president Jacob Zuma to siphon off state assets from...

The group raised $210m through the sale of 750 million shares.

The company reported a net profit of $144m for the period.

Dubai, UAE -- Dubai recorded real estate deals worth AED2.3 billion ($626 million) on Wednesday, according to Dubai Land Department. The deals included 502 sales transactions worth AED1.44 billion, in addition to 95 mortgage deals of AED898.52 million, and 13 gift deals amounting to AED21 million on Thursday. The sales...

DUBAI, UAE -  MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed enhancing cooperation with top leadership of Siemens Energy here. Al Tayer met with Anne-Laure de Chammard, Member of the Executive Board of Siemens Energy AG, and Dietmar Siersdorfer, Managing Director of Siemens...

Dubai, UAE - National Bonds, the UAE’s Shari’a-compliant savings and investment company, saw another strong year soaring to an investment portfolio of AED 13.7bn ($3.7 billion) in 2022, higher by 15 percent compared to the previous year. Given that National Bonds success is also measured by the competitive earnings rewarded...

DUBAI, UAE -  UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one million subscribers since its launch in January 2023. The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector, providing low-cost job security net that supports...

Net Property Income for the period was $55 million.

DUBAI, UAE -  Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center (DIFC). This milestone reinforces DIFC's position as the leading financial center for WAM companies in the Middle East Africa South Asia (MEASA) region. With an industry size of US$450 billion,...

DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session of regular digital industry workshops here. Top executives, business leaders, experts and entrepreneurs discussed the challenges and opportunities in the industry, local media reports said. UAE Minister of State for...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority Saeed Mohammed Al Tayer discussed the latest advancements in smart grid technology with CEO of Grid Software at Siemens Sabine Erlinghagen. The meeting was attended by senior officials from DEWA and Siemens. The two sides discussed the latest...

Dubai, UAE - Digital IDs and mobile authentication will propel many more mobile access deployments. HID, a leader in trusted identity and physical security solutions said in its inaugural State of the Security Industry Report on Friday.   “Identification and authentication are more commonly completed via mobile devices, including smartphones and...

Dubai, UAE -- A total of 3,035 real estate transactions worth AED10.7 billion ($2.91 billion) were recorded during the week ending 31 March, Dubai Land Department (DLD) said Friday. The DLD report said that 158 plots were sold for AED1.27 billion, while apartment and villa sales stood at 2,261, totaling...

DUBAI, UAE -  Dubai International Boat Show 2023 attracted over 30,000 visitors and industry players from across the globe for five days of demonstrations, displays, seminars, launches and workshops. The global boat-building market is expected to reach over US$47 billion in 2027, at a CAGR of 7.5 percent, and the...

The amount makes 42.5% of the company's paid-up capital.

The appointments signal a new phase in the UAE's leadership and its commitment to pursuing economic growth and development while maintaining political stability.

Dubai, UAE -- Dubai real estate market recorded real estate deals worth AED1.8 billion ($490 million) on Wednesday, Dubai Land Department said. The deals included 526 sales transactions worth AED1.16 billion, in addition to 89 mortgage deals of AED628.25 million, and 19 gift deals amounting to AED96.75 million. The sales...

UAE minister said that the emirates will continue its efforts to build partnerships with strategic global markets under the country’s comprehensive economic partnerships program.

Dubai, UAE  - Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO at AED1.03 per share ($0.26), at the top of the previously announced price range. The announcement follows the completion of the book building and subscription process for its IPO on...

DUBAI, UAE -  MD & CEO of the Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer discussed consolidating cooperation and integration with UAE Ministry of Energy and Infrastructure (MoEI). This is part of a series of mutual visits to enhance cooperation between government organisations in the UAE. The...

DUBAI, UAE – UAE Minister of Climate Change and Environment Mariam bint Mohammed Almheiri emphasized the importance of collaboration, data sharing and investment in achieving global solutions for promoting water sustainability. The minister made these comments in an interactive dialogue and side sessions at the United Nations in New York....

The hospitality industry's future looks bright, with the GCC emerging as a major hub for both international and domestic travel, Naim Maadad of Gates Hospitality tells TRENDS.

Dubai, UAE -- The 27th Dubai World Cup, which begins on Saturday at the Meydan Racecourse, will see a total of 78 international and 51 emirati horses compete for a prize money of $30.5 million. For the worldwide equestrian community, the Dubai World Cup represents the pinnacle of excellence not...

The UAE-based exchange house said the number of ordinary shares has been increased from 37.50 million to 56.25 million. But the total size of the IPO— 750 million shares, equivalent to 10 percent of the Group’s issued share capital—remains unchanged.

MoU will be mutually beneficial to both organizations.

Dubai, UAE -- Gold prices climbed on Wednesday after the US Fed toned down its aggressive approach to reining in inflation. Spot gold was up 1.7 percent at $1,973.52 per ounce by 3:56 p.m. EDT (1956 GMT), after advancing as much as 2 percent. US gold futures settled 0.4 percent...

The UAE accounts for over 40% of Pakistan's trade with Arab countries, with non-oil exports from the UAE to Pakistan valued at nearly AED 4.8 billion ($1.3 billion) in 2022.

Dubai, UAE -- Dubai real estate market recorded real estate deals valued at more than AED2.3 billion ($626 million) on Tuesday, Dubai Land Department said. The deals included a total of 434 sales transactions worth AED1.83 billion, in addition to 86 mortgage deals of AED426.46 million, and 139 gift deals...

Dubai, UAE - Saudi Arabia and Iran are taking more steps to consolidate their ties following the rapprochement between them brokered by China. The Iranian government on Sunday proposed to Saudi Arabia three locations for a foreign minister’s  level meeting.  Addressing a news conference in Tehran,  Iranian Foreign Minister Hossein...

The mutual investments between the two countries are witnessing continuous growth in various economic and commercial sectors, most notably real estate, logistical transportation, storage, financial services, insurance activities, manufacturing and information technology.

Abu Dhabi, which normalized relations with Assad's government in 2018, has led aid efforts in the aftermath of the February 6 earthquake that struck southeastern Turkey and northern Syria, killing tens of thousands. A diplomatic momentum generated by aid efforts in the quake's aftermath could bolster Damascus's relations with Middle...

Dubai boasts a thriving community of startup incubators and accelerators, as well as regulatory sandbox schemes for the development and testing of new tech business models.

It will dole out cash dividends to the tune of US$601m.

Dubai, UAE -- A total of 3,903 real estate transactions worth AED 10 billion ($2.72 billion) were conducted during the week ending 17th Mar 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 208 plots were sold for AED 1.12 billion, while 2,906...

Abu Dhabi, UAE  – The United Arab Emirates will invest $30 billion in South Korea over the next few years, Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade said during the meeting with Minister of Trade of Korea, Dukgeun Ahn in Dubai on Wednesday.  The meeting explored joint...

All industries and businesses should focus on net zero emissions, nature positivity, net zero business and eventually a net zero world, Salesforce chief Marc Benioff tells TRENDS.

DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation and enhance the sustainability of the air cargo industry in the country. The license is aimed at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology...

There is chaos in the crypto market and the dust rises with an episode of failure, but failures must not be generalized, says Don Tapscott of Blockchain Research Institute.

Significant technology development is going on in the climate space in the UAE, distinguished Professor Laura D'Andrea Tyson tells TRENDS in an interview.

Dubai, UAE--The Indonesian Investment Forum kicked off in Dubai to lure businesses and investments. The two-day event aimed to explore opportunities to attract foreign direct investment and expand markets for export-oriented products. It was hosted by Bank Indonesia in partnership with KJRI Dubai, the Indonesian Embassy in Abu Dhabi, the Indonesia...

Dubai, UAE -- Dubai recorded a total of 3,332 real estate transactions worth AED 12.9 billion ($3.51 billion) during the week ending 10 March 2023, according to figures released by the Dubai Land Department (DLD). The DLD report revealed that 274 plots were sold for AED 3.17 billion, while 2,370...

Dubai, UAE -- Dubai real estate market recorded deals worth AED1.8 billion ($490 million) on Thursday, Dubai Land Department said. The deals included 502 sales transactions worth AED1.2 billion, in addition to 98 mortgage deals of AED388.51 million, and 66 gift deals amounting to AED212.62 million. The sales included 461...

Dubai, UAE -- Al Ansari Financial Services, a remittance and foreign exchange services provider in the UAE, will be offering 7.5 million shares (each valued AED0.01) in its IPO, which will be Dubai's first in 2023. The company said in a statement that the offering represents 10 percent of its...

Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the safest method, according to a new survey by Kaspersky. The survey revealed that some 18% of respondents from the Middle East experienced financial losses associated with threats when using online...

US Defense Secretary Austin also visits Baghdad to assure US support for Iraqi security, stability, and sovereignty ahead of the 20th anniversary of the US-led invasion.

DUBAI, UAE - The Dubai Land Department (DLD) has launched the Instant Sale feature, which utilizes smart evaluation technology in real estate transactions without the need for audits. This move is in line with DLD's efforts to enhance the use of innovative solutions and achieve the goal of the Dubai...

The city has won a huge following among the people who see it not just as a city for business, but as one where families can co-exist with big money.

DUBAI, UAE - UAE Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in Dubai. The event was hosted by the World Health Organization (WHO) Regional Office for the Eastern Mediterranean. The meeting aimed to discuss recent developments in healthy diet policies, with a...

DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a cutting-edge device that leverages advanced sensors to locate and survey geographical areas. The device employs real-time kinematic (RTK) processing techniques to process data collected on-site and works with a smart...

ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI)  Suhail bin Mohammed Al Mazrouei Thursday had a meeting with Bahrain's Minister of Works Ibrahim bin Hassan Al Hawaj at the MoEI headquarters in Dubai. They discussed ways to boost UAE-Bahrain synergies in the infrastructure and transport sectors. Al...