WEF Global Future Councils meet in Dubai to tackle pressing global issues
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.
Dubai’s RTA reduces energy consumption by 18 percent
Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority said that RTA had achieved the targeted energy efficiency performance indicators 2021 and reduced total energy consumption.WGES 2022 to encourage investment in green projects
The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities in the sector.Emaar to sell Namshi to Noon
The Dubai developer will sell its online retailer for $335.2m.Conflicts, inflation keep GCC markets on their toes
Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the future is not comforting for the rest of the year, says an expert.Saudi, Emirati stocks end the week in red
Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock Exchange, trading finished on Friday in the red.Weeklong real estate transactions in Dubai amount to $2.8bn
The real estate and properties transactions valued at $2.8 billion (AED10.3 billion) in total during the week ending 19 August 2022. The sum of transactions was 3,149.Dubai’s high-end luxury real estate market prospers
The emirate’s upper market real estate sector is not something just anyone can develop. It requires large investments and a full-fledged team who can deliver a quality 360 solution to buyers. It is a profitable sector with growing opportunities for those able to enter the industry, Comerford highlights.Dubai airport gears up to ease transit travel for World Cup supporters
Dubai International Airport, a major aviation hub, is gearing up to help ease transit travel for World Cup supporters ahead of the tournament starting in November, its director said Wednesday. The first World Cup ever held in a Middle Eastern country is set to kick off in Qatar on November...Dubai has comprehensive plans to ensure food security: Crown Prince
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was on a tour of Bustanica, the world’s largest vertical farm that recently opened in Dubai.Trakhees reports 22 percent H1 growth in commercial licensing business
Dubai’s Department of Planning and Development, Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has completed about 16,000 transactions through its Licensing Department during the first half of 2022, registering a growth of 22 percent compared to the same period last year. The Licensing Department provides...DEWA alert service reduce 217,370 tons of carbon emissions
Dubai Electricity and Water Authority (DEWA) has announced that its High-Water Usage Alert service has helped to reduce 217,370 tons of carbon emission since its launch three years ago and till June 30, 2022.Museum, DEWA partner for sustainable development
The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase unique technologies and solutions related to the future of environmental sustainability and renewable energy.World Green Economy Summit in Dubai supports UAE COP28
Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green economy.In Dubai 305m riders use public transport in H1 2022
Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport and shared mobility clocked nearly 304.6 million during the first half of 2022.Dubai records $2.6bn real estate transactions in week
A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August, 2022, according to figures released by the Dubai Land Department.Dubai Airports win Gold Stevie Award for Great Employers 2022
Dubai Airports has been named the winner of a Gold Stevie Award in the Most Innovative Workplace Redesign During COVID-19 category in the seventh annual Stevie Awards for Great Employers.DEWA H1 2022 revenue is $3.3bn
DEWA's net profit in H1 2022 is US$898 millionDubai Clear and Muqassa to cooperate in central clearing services
Dubai Clear, a subsidiary of the Dubai Financial Market (DFM), and the Securities Clearing Centre Company "Muqassa", a subsidiary of Saudi's Tadawul Group, will create a framework to strengthen collaboration and share knowledge on central clearing services as well as to actively explore ways of enhancing these services in line...Dubai marine service to enhance maritime sector efficiency
The service aims to establish a unified civilian entity affiliated with the DMCA, Dubai Municipality and Dubai International Marine Club.Dubai Customs thwart marijuana smuggling bid at international airport
Dubai Customs authorities seized 3.7kg of marijuana at Dubai International Airport terminal 1. An African passenger was trying to smuggle the drugs by stashing it inside cylindrical vehicle air filters. The officials discovered the drugs when the passenger's goods were x-ray scanned, which revealed abnormal density in some of the...Dubai realty market records deals worth $653 million on Tuesday
Dubai real estate market recorded 436 sales transactions worth AED971.4 million ($264 million), in addition to 101 mortgage deals of AED1.38 billion, and 17 gift deals amounting to AED55.13 million on Tuesday, data released by Dubai's Land Department (DLD) said. The sales included 360 villas and apartments worth AED738.88 million,...Over 7mn international visitors in Dubai in H1 2022
Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52 million tourists who visited during the same period in 2021.Union Properties’ profit rises
The Dubai-based firm posted net profit of $77,603 in Q2.Sustainable research centers in UAE being built on SDME designs
Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in the first and second Solar Decathlon Middle East (SDME) to construct sustainable research centers and laboratories.Dubai’s weeklong real estate transactions total $1.4bn
In Dubai, the real estate and properties transactions valued at $1.4 billion in total during the week ending 05 August 2022. The sum of transactions was 2,247.Ethiopian delegation visits Dubai to explore digital services
An Ethiopian delegation of 10 members, comprising decision-makers from the public and private sector, visited Dubai Chambers between July 25- 30.UAE citizens’ housing gets help of over $6.8bn in 2022
The UAE’s citizens' housing segment in 2022 achieved significant regulatory progress and received massive financial allocation for federal, local plans and projects amounting to $6.88 billion.Dubai records realty deals worth $241 million on Wednesday
Dubai recorded realty transactions worth AED888 million ($241 million) on Wednesday. The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million, and 18 gift deals amounting to AED56.24 million, data released by Dubai's Land Department (DLD) showed....Metaverse Strategy set to position emirate as global Web3 hub
Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector.UAE maintains reputation as top tourist destination
The UAE continues to maintain its regional and international leadership as a distinguished travel destination and a preferred country for living and working.Dubai most transparent Arab real estate market
The emirate was ranked 31st in the world on the Global Real Estate Transparency Index 2022, which is based on a global survey.Over 20K investor accounts join DFM in first 7 months of 2022
Brokerage companies in Dubai Financial Market added 20,552 new investor accounts in the first seven months of 2022. The market witnessed significant momentum since the announcement of the listing of 10 governmental and semi-governmental companies.Dubai closes in on top spot for sea trade
The city, with a rich history of trading with the world through sea, looks to emerge as one of the top maritime cities of the world with a new bout of investments in infrastructure.Dubai sets off drive, warning of ‘human trafficking in digital space’
Seeking to raise awareness on trafficking in people, the Dubai Foundation for Women and Children (DFWAC) has set off a campaign "human trafficking in the digital space" to educate people and bring attention to the victims.DEWA’s Marafeq Smart Feature speeds up issuing of NOCs
Dubai Electricity and Water Authority (DEWA)’s Marafeq Smart Feature has contributed to accelerating issuing of No Objection Certificates (NOCs) for infrastructure and information services.GCC equities post modest gains this week
Equities in the GCC posted modest gains this week while concerns persist about surging global inflation and how central banks across the world found upping interest rates a tool to tame it.Dubai’s real estate market sales transactions reach US$6.2bn
Dubai’s real estate market recorded 8,897 sales transactions worth US$6.2 billion approx (AED22.75 billion), the highest volume of sales transactions for June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index.DP World signs two deals
The projects will strengthen F&B cluster in Jebel Ali.Komainu set to bring digital asset custody services to Dubai
The Government of Dubai’s Virtual Assets Regulatory Authority (VARA) on Wednesday granted provisional regulatory approval to Komainu.Dubai most expensive city in Arab world
Mercer’s 2022 Cost of Living City Ranking ranks the emirate the 31st most expensive city in the world.Dubai to provide 2,000 residential plots at Umm Nahad Fourth
The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area.DEWA says 287 11kV substations commissioned in H1 2022
Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This is part of its efforts to provide a state-of-the-art infrastructure as per the best international standards.Dubai’s labor body to expand schemes for welfare of workers
The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the UAE’s and Dubai’s drive to implement progressive labor policies that integrate global best practices.Allotted industrial & commercial land rules in Dubai amended
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister has issued a decree regulating the grant of title to allotted industrial and commercial land in DubaiDubai Health Authority, Visa sign MoU to enhance health tourism
The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness as an ideal destination for health tourism.Dubai records real estate transactions worth $296m on Thursday
Dubai real estate market recorded 379 sales transactions worth AED1.09 billion ($296 million), in addition to 96 mortgage deals of AED319.78 million, and 18 gift deals amounting to AED35.4 million on Thursday, data released by Dubai's Land Department (DLD) showed. The sales included 359 villas and apartments worth AED755.34 million,...New business licenses in Dubai grow 25% in H1 of 2022
Dubai issued 45,653 new business licenses in the first half (H1) of 2022, registering a growth of 25 percent compared to the same period last year. The numbers reaffirm the success of the government's innovative new strategic approaches and policy amendments that have revitalized the economy.Dubai Metaverse Assembly in Sept to host 300 global experts
The assembly will host more than 300 global experts, policymakers, thought leaders, and decision-makers from more than 40 organizations.Dubai energy demand shoots up by 6.3% in H1 of 2022
Demand for energy in Dubai has shot up 6.3 percent to 23,096 GWh in the first half of the current year, according to Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA).Dubai Metaverse Strategy launched, aims to foster innovation
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Monday launched the Dubai Metaverse Strategy that aims to turn Dubai into one the world’s top 10 metaverse economies as well as a global hub for the metaverse community. The strategy aims...


















































