DUBAI, UAE - The Chairman of the Dubai Financial Services Authority (DFSA), Fadel Al Ali Monday announced the publication of the DFSA’s Business Plan for 2023-24.The Business Plan has been developed to foster an enabling environment for firms as Dubai and the UAE continue to grow its reputation as a...

"The exceptional performance of the real estate sector reflects support the goal of the Dubai Economic Agenda D33 launched to double the size of Dubai's economy by 2033. The sector is a key pillar of Dubai's strategy for sustainable development," said Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al...

Expat Essentials Index ranks cities on the basis of quality of life, ease of settling in, working abroad, personal finance and digital life among other criteria.

Abu Dhabi, UAE--The president of this year's COP28 climate talks, who heads one of the world's biggest oil companies, on Saturday urged a focus on lower emissions, warning global energy needs were set to accelerate.Sultan Al Jaber, the United Arab Emirates' special envoy for climate change and CEO of the...

Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry.

The Saudi market's general index, TASI, rose 1.19%, Dubai Financial Market 0.47%, Abu Dhabi Stock Market Vadax 15 index 0.133% by the end of the trading session.

DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded. The three-day event, which concluded Thursday, took place at the Dubai World Trade Center and drew more than 26,000 visitors and participants from 82 countries.Dr. Ali Al Sayed Hussain, Director of the Pharmaceutical...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health and safety during 2022, with the participation of 2,170 employees from various divisions.DEWA also organized its 20th Internal Health and Safety Week, which featured various activities in all aspects of...

Dubai, UAE--Dubai real estate market recorded transactions worth AED1.9 billion ($517 million) on Thursday, Dubai Land Department said.These included 432 sales worth AED1.45 billion, in addition to 73 mortgage deals of AED464.03 million, and 20 gift deals amounting to AED18.34 million.The sales included 342 villas and apartments worth AED1.06 billion,...

The UAE pledged to roll over $2 billion in debt due over the next two months, with an additional $1 billion pledged during Prime Minister Shehbaz Sharif's ongoing visit to the emirates.

DUBAI, UAE  - The US Navy said Tuesday it had seized over 2,000 assault rifles smuggled on a fishing boat along a maritime route from Iran to Yemen.The cargo was discovered on Friday off the coast of Oman "on a route historically used to traffic illicit cargo to the Huthis in...

The contribution of financial companies operating from DIFC to the financial services sector in the country exceeded 13% of the nominal GDP of Dubai during 2021, Amiri said.

Dubai, UAE-- Top industry experts will share first-hand knowledge of the IPO process and the opportunities and challenges of becoming a public company at the MENA IPO Summit, to be held in Dubai from 23 to 25th January. The event will also showcase a roadmap for startups and SMEs in...

Some investment trends that emerged at the tail end of 2022 — clean energy, consumer staples, retail, and infrastructure — will gain further impetus in 2023, says an expert.

The UAE's keenness to open up to the world and work to stamp out obstacles to trade and investment flows translates into a consistent Emirati approach, as trade has always represented an integral part of the history and heritage of the country, he adds in an Op-Ed published by Emirates...

DUBAI, UAE  - DEWA has completed 76.8 percent work on the water reservoir project in Hatta. The project has a storage capacity of 30 million imperial gallons (MIG) and is being built at a cost of approximately US$23 million (AED86 million).It is expected to be completed in April 2023.This was...

DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD).A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903 apartments...

Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC indices. In 2023, Saudi and UAE ended the weekly exchange down or stable.

DUBAI, UAE  - Dubai Electricity and Water Authority (DEWA) has been awarded  with the Global Excellence Assembly Awards 2022, based in the USA, in the "Organizational Achievements" category.This is in recognition of DEWA's global achievements in total quality and excellence.DEWA is the only entity worldwide to win this category in...

Dubai, UAE---Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said.These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million, and 26 gift deals amounting to AED503.85 million.The sales included 455 villas and apartments worth AED1.5...

Teams across Dubai’s government entities will work in close collaboration with the private sector to achieve the various targets of the agenda over the next 10 years.

Kidane Zekarias Habtemariam has been accused of being a smuggling kingpin, running a camp in Libya where hundreds of East African migrants seeking passage to Europe were allegedly kidnapped, raped and extorted. Habtemariam, subject of two Interpol red notices, was arrested on Jan 1 by Sudanese police in coordination with...

The UAE Government will invest AED600 billion ($163.36bn) in renewable energy by 2050 to meet the country's growing energy demand from clean and sustainable resources.

The facility will be capable of processing 100,000 tons of cargo annually.

The Gulf emirate's ruler, Sheikh Mohammed bin Rashid Al-Maktoum, unveiled in a series of tweets the Dubai Economic Agenda, dubbed "D33", with targets totalling 32 trillion dirhams ($8.7 trillion). The plan would "double the size of Dubai's economy in the next decade and consolidate its position among the top three...

At present, the data center industry as a whole uses approximately 150 billion kilowatt-hours of electricity annually, which is about 3 percent of the world’s electricity usage.

Ducab's supplying medium voltage and earthing cable.

Dubai, UAE--Dubai recorded real estate deals worth AED2.3 billion ($518 million) on Monday, according to Dubai Land Department figures.The deals included 457 sales transactions worth AED2.02 billion, in addition to 79 mortgage deals of AED202.61 million, and 11 gift deals amounting to AED85.32 million.The sales included 407 villas and apartments...

DUBAI, UAE -  Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023, under the patronage of the UAE Ministry of Energy and Infrastructure, in association with Seatrade Maritime Club.During the event, the region’s maritime sector will come together for valuable business opportunities...

Through Dubai Metaverse Strategy, the emirate looks to create 40,000 virtual jobs and add $4 billion to the economy over the next five years.

DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means and taxis during the New Year’s Eve 2023.The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders.The breakdown of ridership was as follows: Metro: 958,161...

DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) has announced that the production capacity of clean energy has reached 2,027 megawatts (MW) which is about 14 percent of Dubai’s total power production capacity of 14,517 MW.Saeed Mohammed Al Tayer made the announcement during his visit...

DUBAI, UAE -  Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437 male and female employees from various divisions.DEWA also sponsored and hosted three sports tournaments, and participated in several local sports events.These occurred in line with the directives of Sheikh Hamdan...

DUBAI, UAE  - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week ending December 30, 2022, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 179 plots were sold for US$378 million (AED 1.39 billion), while 2,071...

DUBAI, UAE  -  Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority, to enhance their collaboration in digital transformation and cybersecurity.Leveraging on Moro’s capabilities in the digital security field, the MoU will serve the society’s...

Many markets in the Middle East and Africa show a larger gap between affluent and non-affluent households in 2019 vs 2022 discretionary spending.

DUBAI, UAE - A Dubai court Thursday authorized the extradition of a British national wanted over an alleged 1.7 billion euro tax fraud in Denmark, the suspect's defense team said, ahead of a further ruling by a higher court.Hedge fund trader Sanjay Shah was arrested in Dubai in June, but...

The Unemployment Insurance Scheme (UIS) aims to create a low-cost job safety net that supports employees in their professional journey.

Abu Dhabi, UAE-- The Central Bank of the UAE (CBUAE), in cooperation with Abu Dhabi Ports, issued 1,000 commemorative silver coins on the 50th anniversary of Zayed Port and the 10th anniversary of Khalifa Port.The issuance of these commemorative coins highlights the successes achieved by the ports of Abu Dhabi...

Dubai, UAE----Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Monday, Dubai Land Department said.The deals included 515 sales transactions worth AED1.44 billion and 19 gift deals amounting to AED137.87 million.The sales included 483 villas and apartments worth AED1.14 billion, and 32 land plots worth AED299.29 million.Emirate’s...

Iranian football legend Ali Daei, who has supported protests in the wake of Mahsa Amini's death, said that an airplane from Tehran to Dubai had been rerouted and his family ordered off. Protests have gripped Iran since the September 16 death of Iranian-Kurdish Amini, 22, after her arrest in Tehran.

DUBAI, UAE :  The Dubai Land Department (DLD) launched its new strategic plan and vision, shaping the features and landmarks of its directions until 2026.The new plan has been approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of...

DUBAI, UAE -  The Dubai Electricity and Water Authority (DEWA) under-construction pumped-storage hydroelectric power plant site in Hatta is 58.48 percent complete.This is the first station of its kind in the GCC, with investments of up to US$387 million (AED 1.421 billion).The project is planned for completion in the fourth...

In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year US$136.9bn figure during 2021, says Kamco Invest.

DUBAI, UAE -  UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri presided over the first meeting of the Farmers’ Council.The meeting was organized by the Ministry of Climate Change and Environment (MOCCAE).The meeting highlighted the government directions to promote sustainable modern farming systems across the UAE...

DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and achievements in supporting sustainable development in all its economic, social and environmental aspects.It introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability.The report demonstrates the...

Saudi market's primary index fell for the eighth week in a row. Abu Dhabi index fell for four of five days. Dubai's main index fell three days out of five this week.

DUBAI, UAE - The UAE Council for Environmental and Municipal Work held its second meeting, chaired by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment.The meeting saw the roll-out of the Waste-free Schools project that aims to promote the adoption of circular economy principles in schools.The meeting...

The move will help Dubai in becoming a cashless economy.

DUBAI, UAE -   MD & CEO of Dubai Electricity and Water Authority (DEWA)    Saeed Mohammed Al Tayer has launched the construction work for the Hatta Sustainable Waterfalls project.The  US$12 million (AED 46 million) project was recently awarded to DEWA and is part of the company's social and investment responsibility to...