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 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.

The projects will strengthen F&B cluster in Jebel Ali.

The Government of Dubai’s Virtual Assets Regulatory Authority (VARA) on Wednesday granted provisional regulatory approval to Komainu.

Mercer’s 2022 Cost of Living City Ranking ranks the emirate the 31st most expensive city in the world.

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.

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.

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.

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 Dubai

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 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,...

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.

The assembly will host more than 300 global experts, policymakers, thought leaders, and decision-makers from more than 40 organizations.

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).

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...

Dubai Financial Market (DFM) Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE to take this step. The move is in line with the UAE Government’s decision pertaining to the trading of cooperative societies' shares on financial markets, which aims to strengthen the...

Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10 new 132/11 kV substations in different areas in Dubai, during the first half of 2022.

An agreement between Dubai Land Department and Emirates NBD eliminates the need for manually managing postdated cheques submitted to landlords.

Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion ($1.74 billion) in FDI across 30 FDI projects during the year, Dubai ranked number one in FDI capital, projects, and job creation in the tourism sector in 2021, according to...

Abu Dhabi and Dubai stock markets climbed up, while the Saudi index tanked down by more than 1.1 percent this week, after being shut to mark the festival of Eid al-Adha.

Dubai's real estate and property transactions valued at AED 5.5 billion ($1.5 billion) during the week ending 15 July 2022. The sum of transactions was 1,614.

A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments and villas were sold for AED 2.43 billion, according to data released by Dubai Land Department (DLD).

Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has appointed Sheikh Ahmed bin Saeed Al Maktoum as Chairman of Expo City Dubai Authority.

Revised lending norms, focus on sustainability and improved digital services and data availability help the emirate advance in JLL's Global Real Estate Transparency Index.

The purchase is part of Dubai-based firm's expansion plan.

Dubai will host the first edition of the World Corporate Summit which will discuss sports and multi-sectoral business growth as core pillars. WCS will be held from November 21 to December 16 and will be attended by decision-makers from multinational corporations, UAE-based firms and government institutions.

The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors in the first four months of 2022.

Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across projects benefitting over 147,000 individuals and the event is part of the Chamber’s ENGAGE Dubai corporate volunteering program.

Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of AED259.02 million, and 22 gift deals amounting to AED150.27 million on Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 436 villas and apartments worth AED1.1 billion,...

Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, says L'azurde CEO.

Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance its role in the emirate’s economy and strengthen public-private sector partnership.

The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022. In 2021, the Management carried out 150,541 inspections and 248 seizures. "We upgraded and developed our inspection systems in our customs centers to achieve the best results...

Artificial Intelligence market is growing in the Middle East by an estimated 20 percent to 34 percent annually, with GCC region taking the lead.

Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles in the limousine service since 2017. The trial operation aims to verify the efficiency of the vehicle when deployed on the taxi fleet in the emirate, Dubai’s Roads and Transport...

The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment. Saudi Arabia's market index TASI finished down 1.7 percent at 11,523 points. Abu Dhabi Securities Exchange ended with a loss of 0.3 percent, on Friday the index in Dubai, fell...

MEmob+ has invested substantially in blockchain technology to offer its clients the most advanced and effective advertising services.

Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts, says Naveen Jain of Global Village.

Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the trading experience for both traders and consumers.

Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which business and economic sectors have been covered by NFTs in the UAE.

Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor.

Created in 1900 by the brothers Andre and Edouard Michelin of the tyre company Michelin for motorists, the guide has become a reference for food lovers.

Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said the Expo site will be transformed into Expo City Dubai, which will be home to a new museum, an exhibition center and free of single-use plastic.

Roads and Transport Authority’s revenues collected through digital platforms increased by 32 percent in 2021, said Mattar Mohammed Al Tayer, Director-General RTA. RTA’s total digital revenues amounted to AED3.5 billion ($952 million), compared to approximately AED2.65 billion in 2020. The number of digital transactions reached 676 million last year, a...

Dubai road toll operator Salik has been established as a Public Joint Stock Company according to a law issued by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum. According to an official statement, the company will have legal, financial and administrative autonomy to carry out its activities and achieve its...

The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS

Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and support the international expansion of American businesses through Dubai. DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai, utilizing the...

Dubai real estate market recorded 293 sales transactions worth AED 757.33 million ($206 million), including 73 mortgage deals of AED135.94 million, and 9 gift deals amounting to AED16.28 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 264 villas and apartments worth AED507.79 million, and 29...

Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested in Dubai and face extradition, in a landmark step in Pretoria's anti-graft fight. By one estimate, several billion dollars were lost to the South African economy as a result of their activities.

Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate and investment banking industry.

A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in Denmark, the UAE has said it will continue to pursue people involved in financial crime. Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice said: "International crime requires an...