The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.

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.

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 shares soared 19% in the first minutes of trading on Tuesday.

The Dubai real-estate market recorded transactions amounting to more than AED1.53 billion ($417.72 million) on Monday, April 11.

dnata, Dubai-based air and travel services provider, has unveiled a new 10,500 sqm cargo center at London Heathrow airport.

The growth in Dubai cooling network occurred between 2018 and 2021.

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...

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 Makkah

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, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.

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.

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.

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....

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...

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...

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.

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 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, 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.

Amid a global pandemic, Dubai strategically turned a business and culture event into a public diplomacy spectacle unmatched in history.

At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number of conferences.

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 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 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....

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...

This year’s summit has brought together 190 countries, over 500 speakers, and 4,000 participants worldwide to discuss the future of governments.

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 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...

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.

The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9 percent.

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...

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.

The emirate's Virtual Asset Regulatory Authority governs cryptocurrency trade through a comprehensive set of legislations and globally applicable policy frameworks.

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...

Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion ($413 million) and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million Tuesday, data released by the Dubai Land Department (DLD) showed. The sales included 376 villas and apartments worth AED849.54 million, and...

Shuaa Capital, the Dubai-based fund manager, has set up a $250 million venture debt fund in order to shore up businesses and create jobs in the region.

It is hard to balance sustainable developments and what people want in the market, especially when it comes to pricing, Zazen One CEO Madhav Dar tells TRENDS.

Emirati entrepreneurs and national enterprises in Dubai won contracts worth AED 921.6 million ($250 million) from various local and federal government entities, semi-government bodies and private businesses in 2021 as part of the Government Procurement Programme (GPP). The value of the contracts was three percent higher than the AED 896.7...

After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine conflict continued to weigh on the capital markets across the globe.

The pavilion of Saudi Arabia in Expo 2020 Dubai has been awarded Best Pavilion by EXHIBITOR magazine.

Dubai Chamber of Commerce has announced the establishment of the Dubai Council for Wooden Ships, a new business group that will support the wooden ships sector in Dubai by unifying voices of member companies.

Dubai recorded $2.53 billion worth of real estate and properties transactions valued during the week ending Friday, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,400. A total of 355 plots were sold for AED 1.33 billion, while 1,547 apartments and...

"We provide the best facilities and customs services to Indian businesses which can also benefit from the advanced infrastructure and logistics," Dubai customs official Musabih said.

DP World-owned P&O Ferries on Thursday suspended its passenger and freight ships but denied the group was heading into bankruptcy. P&O Ferries operates four routes serving Britain, France, Ireland and the Netherlands. “P&O Ferries is not going into liquidation,” the company said in a statement. “We have asked all ships...

The retail electronics sector has proliferated in GCC countries, with demand rising not only due to the urge to own the latest technologies but also because more and more people are working and learning from home, he adds. Dubai Chamber, meanwhile, has claimed ecommerce businesses might generate up to $8...

Under the Virtual Asset Regulatory Authority (VARA) initial regulatory phase, Binance will be permitted to extend limited exchange products and services to pre-qualified investors.

In a first, the state-owned DEWA will be listed on the Dubai Financial Market by April as part of Dubai's drive to list ten companies in an attempt to revive the stock market.

The summit will address the needs and challenges of modern happenings such as cybercrime, urbanization, digital evolution and post-pandemic recovery.

Dubai Electricity and Water Authority (DEWA) has completed the construction of the first stage of the Aquifer Storage and Recovery (ASR) project for desalinated water and has started the operations and testing stage. The full scale of the ASR project can store up to 6,000 million imperial gallons of water...