Latifa bint Mohammed awards UK’s Simon Squibb with ‘One Billion Award’ at 1 Billion Followers Summit
Dubai, UAE - Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, presented the prestigious ‘One Billion Award’ to content creator Simon Squibb from the UK.The award ceremony was held during the third edition of the 1 Billion Followers Summit, the world’s largest gathering...
Iconic GCC TOP CEO event in May
The event, along with the Arab Women Forum, will be held at Palazzo Versace, Dubai, on May 17 and 18, 2022. The annual event is back in the UAE after traveling to Saudi Arabia and Bahrain.Booking volumes up 195% YoY for Eid, says dnata Travel
The top five most-booked destinations this year so far with dnata Travel include the Maldives, the UAE itself, Turkey, Mauritius, and Oman.Dubai real estate market records highest single-quarter deals since 2010
Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest volume since Q1 2014. According to the Mo’asher, Dubai’s official sales and rental performance index that was launched by Dubai Land Department (DLD) in cooperation with Property Finder, a total...Dubai allots some 18,000 e-trader licenses in five years
Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.New housing package worth $1.71 billion approved for UAE citizens in Dubai
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a new housing package worth AED 6.3 billion ($1.71 billion) for UAE citizens in Dubai. This includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program...UAE and KSA stock markets remain flat this week
Against the backdrop of mounting concerns about the supply of crude oil, the stock markets in Saudi Arabia and the UAE remained subdued this week.Dubai records weeklong real estate transactions worth $1.71 billion
About 2,145 real estate and property transactions worth AED 6.3 billion ($1.71 billion) were conducted in Dubai during the week ending 22 April, according to the Land Department of the Government of Dubai. A total of 250 plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold...DEWA starts online service to encourage use of electric vehicle
The EV Community Hub website covers the latest government strategies, targets, incentives, and relevant regulations for EVsUAE hotel industry basks in festive Ramadan spirit
Now, hotel bookings will rise for Eid Al-Fitr, with Gulf markets predicted to see a considerable spike in travel bookings from April 28 to May 5, 2022, which coincides with the resumption of large exhibitions in several GCC capitals.Greece’s Ionian Islands eye UAE to woo tourists
Rodi Kratsa-Tsagaropoulou, Mayor of Greece's Ionian Islands, explains how an enhanced cultural and tourism ties with UAE will be mutually beneficial for both countries.Dubai Logistics City Customs Centre clears goods worth $435m in Q1
Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter of this year, said Sami Eisa, Senior Manager of the Centre. The Centre facilitates processes and operations of companies and traders, and in particular in the shipments of the International...Emaar plans new Fujairah resort
The Emaar Hospitality Group will open the resort in Q2.Dubai watches with awe rare rough ruby
A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of an auction in Dubai.GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a close.Dubai saw weeklong real-estate transactions worth $2.12bn
The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department.Dubai records realty transactions worth $463m on Thursday
The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.UAE restores Ramadan goodwill with tough fight against COVID-19
While iftar tents are reinstated this year for government and licensed entities, authorities have advised that the group iftars and suhoor gatherings should be limited to family members in the same household.DMCC registers record 665 companies to its Free Zone in Dubai during Q1
Dubai Multi Commodities Centre, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed 665 companies to its Free Zone in Dubai during the first quarter of 2022. This represents DMCC’s best first quarter since its inception over twenty years ago, a 13 percent...DEWA IPO biggest since Aramco
DEWA shares soared 19% in the first minutes of trading on Tuesday.Dubai records $417m worth of realty transactions on Monday
The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11.dnata of UAE unveils new cargo center at Heathrow airport
dnata, Dubai-based air and travel services provider, has unveiled a new 10,500 sqm cargo center at London Heathrow airport.Empower pipeline grows 33.2 percent
The growth in Dubai cooling network occurred between 2018 and 2021.Dubai issues 24,662 new business licenses in Q1 2022
Dubai has issued 24,662 new business licenses in Q1 2022, a report by the Department of Economy and Tourism (DET) said. This marked a growth of 58 percent from Q1 2021, when 15,580 licenses were issued. DET Business Registration and Licensing (BRL) issued its first-quarter 2022 report on the business...India’s Taj Group eyes Gulf expansion, to build hotel in Makkah
The luxury hotel chain is planning 15 new hotels in the next 10 years, which include at least 5 new properties in Dubai and a new hotel in MakkahSpurred by higher oil prices, GCC indices post gains this week
The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day. At the same time, the Dubai index increased by 0.2 percent during the week as...Taaleem of Dubai in discussions with banks for IPO
Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.UAE stock markets gain almost $6bn in first week of Ramadan
The two bourses have been adhering to the Monday-to-Friday workweek — the norm across most of the world — since the beginning of the current calendar year.Tech savvy UAE becomes Arab world’s digital hot spot
The UAE has earned a unique distinction of becoming the only Arab country to be propelled into the premier club of nations with the most technologically advanced governments.Weekly real estate transactions worth $1.44 bn recorded in Dubai
A total 2,012 real estate transactions worth 5.3 billion ($1.44 billion) were conducted in Dubai during the week ending April 8, 2022. According to figures released by the Dubai Land Department, 236 plots were sold for AED 1.07 billion, while 1,415 apartments and villas were sold for AED 2.96 billion....High demand for G6 currencies leads DGCX trading volumes
The Dubai Gold & Commodities Exchange (DGCX) recorded a monthly Average Open Interest (AOI) of 134,154 contracts during the month of March, and registered trading volume with a total value of $15.74 billion. In response to further inflation, policy decisions and continued geo-political conflict around the globe, there was a...76.5% of firms in Dubai recorded growth during Expo 2020: Report
Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting delegations from over 60 countries during the mega event, which were joined by 3,350 government and business leaders. Seven new economic and professional bodies were licensed by the Dubai Association...Gulf countries warm up to waste-to-fuel plans
Here’s a broader look at how the region has prioritized solid-waste recycling and the production of alternative fuels to deal with the trash they generate.UAE and Saudi stocks post gains this week
The UAE and Saudi stock markets posted considerable gains this week even as oil prices took a dip with the US tapping into its reserves to tame high crude oil prices.DEWA to increase shares for retail investors to 760 million
DEWA has decided to increase number of shares from 260 million to 760 million to be offered to retail investors in its Initial Public Offering (IPO).Binance, crypto firm, to hire more than 100 people in UAE
Binance, the world's biggest crypto exchange in trading volume, will hire more than 100 people in the UAE, days after being licensed by Dubai's new virtual assets regulator this month.Dubai turns Expo into 6-month diplomatic gala
Amid a global pandemic, Dubai strategically turned a business and culture event into a public diplomacy spectacle unmatched in history.UAE, Jordan discuss accelerating investments post-Expo 2020
At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number of conferences.Dubai food trade grew 11 percent to $15.51 billion in 2021
Dubai Customs said Thursday the emirate’s external foodstuff trade in 2021 grew 11 percent to reach AED57 billion ($15.51 billion), compared to AED51.4 billion in 2020. According to the latest figures released by Dubai Customs, exports grew 11.3 percent to AED10.8 billion from AED9.7 billion in 2020, while re-exports went...Dubai Expo draws to a scintillating close
Dubai ended Expo 2020 with a colorful closing ceremony punctuated by fireworks as the UAE leadership vows to 'continue to Connect Minds and Create the Future'.Dubai Municipality to tap into Metaverse gains in pursuit of futuristic goals
Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that capitalizes on opportunities thrown up by the metaverse, according to Dawood Abdul Rahman Al Hajri, Director-General of Dubai Municipality. Dawood Abdul Rahman Al Hajri, Director-General of Dubai Municipality, said this....UAE’s first crypto exchange BitOasis gets provisional nod from VARA
BitOasis, a UAE-based Virtual Asset Service Provider (VASP), said on Wednesday it has received provisional approval from Dubai’s Virtual Assets Regulatory Authority (VARA) to continue its business operations in Dubai. In the meantime, the company said it will undertake the process of applying for a license in accordance with the...Dubai summit highlights future to governments
This year’s summit has brought together 190 countries, over 500 speakers, and 4,000 participants worldwide to discuss the future of governments.Dubai school ‘first’ in Middle East to accept tuition fee in Bitcoin, Ethereum
A school in Dubai has said it will be the first school in the Middle East to let parents pay tuition fees using cryptocurrency. Citizens School, which is set to open doors in September 2022, said it will accept payments from the two major cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH),...Dubai saves 329MW of electricity during Earth Hour 2022
Dubai Electricity and Water Authority (DEWA) said about 329 megawatts (MW) of electricity were saved in the emirate during Earth Hour 2022, equivalent to a reduction of 132 tons of carbon dioxide emissions. These savings are 13 percent higher than the 291 megawatts savings recorded during Earth Hour 2021. This...Riyadh, Dubai lead IPO surge in GCC
For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as regional investors seek liquidity from increased oil prices.Aramco lifts TASI as UAE stocks see weekly gain
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.Weeklong real estate deals worth $1.85 billion recorded in Dubai
The real estate and properties transactions worth AED6.8 billion ($1.85 billion) were recorded in Dubai during the week ending 25 March 2022, according to Dubai Land Department (DLD). The DLD weekly real estate report said a total of 2,461 transactions were made during the week. A total of 330 plots...Dubai basks in sparkle of giant diamond
A giant diamond nicknamed "The Rock" went on display for the first time in Dubai on Friday ahead of an auction where it is expected to fetch up to $30 million.Friendly policies woo major crypto firms to Dubai
The emirate's Virtual Asset Regulatory Authority governs cryptocurrency trade through a comprehensive set of legislations and globally applicable policy frameworks.Dubai ruler issues law on Local Military Pensions and Social Security Fund
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum on Wednesday issued a law on Local Military Pensions and Social Security Fund in Dubai, in a move that seeks to support the emirate’s vision in the domain of social security and pensions and ensure the implementation of best practices. An official...