The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.

From oil prices to company stocks buoyed by positive results, several factors resulted in changes in key benchmark indices.

More than seven million foreign tourists visited Dubai last year, marking a "remarkable turnaround", the government of the Gulf city state hosting the Expo world fair announced Thursday. Dubai has since October 1 hosted Expo 2020 which runs until March 31.

The Mohammed Bin Rashid Space Center (MBRSC) announced that it will host the 17th International Conference on Space Operations (SpaceOps 2023) for the first time in Gulf region, local media reports said. The conference will be held at the World Trade Centre in Dubai, UAE from March 6-10, 2023. Themed...

A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total number of economic activities to more than 2,200. In 2020, the Business Registration and Licensing (BRL) sector at the Department of Economy and Tourism (DET), Dubai, had added 52 new...

The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.

UAE Innovates 2022, described as the largest innovation festival in the world, seeks to instill a culture of innovation and engage the community in innovative experiences.

The Dubai Academic Health Corporation has agreed on four bases as a part of its strategic plans and future goals. The bases include Care: to set the global standard for evidence-based patient care and outcomes; Learning: to deliver transformative education and a future-ready workforce. The other two bases cover Discovery:...

Overnight camping is one of the popular activities people indulge in during winters in Dubai. The city has several unique spots for enjoying a night under the stars, which are among a diverse set of attractions being promoted by the #DubaiDestinations initiative recently launched by the Dubai Media Council. Hatta...

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of Israel, Isaac Herzog, on Sunday deliberated aspects of cooperation under the Abraham Accords Peace Agreement, signed by the two nations in 2020, in addition to a number...

This was the result of a total of 1,724 transactions, according to figures released by the Dubai Land Department.

The Emirati indices managed to show gains throughout the week, while the Saudi index was unchanged.

The record real estate transactions will contribute to driving the sector in the next 50 years during which the UAE seeks to build the best economy globally, Dubai Land Department said on Friday. A total of 84,196 real estate transactions worth almost AED 300 billion ($81.67 bn) were recorded last...

The design of the bloack diamond Enigma is based on the Middle Eastern emblem of the palm — also known as “khamsa,” “hamsa,” or "the five".

The UAE's Ministry of Health and Prevention (MoHAP) has signed a memorandum of understanding (MoU) with Amazon Web Services (AWS), a subsidiary of Amazon, to enhance bilateral cooperation. The MoU also covers organizing workshops on creating a cloud-based electronic medical record system and a healthcare portal focused on serving the...

Finance Minister of Dubai Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum affirmed that his government provided all support needed for the growth of the financial markets operating in the Emirate through developing legislative framework and infrastructure to allow exchanges to consolidate their presence regionally and globally. Sheikh Maktoum added...

Its net profits increased by 39 percent in 2021 to AED 4.4 billion.

Around 31 million visitors are expected to enter the UAE yearly by 2025 as the country has initiated several measures to revitalize the tourism sector, particularly eco-tourism.

Expo 2020 Dubai has recorded 10,836,389 visits as of 24th January, while the virtual visitation reached 72.5 million.

The Business Registration and Licensing (BRL) unit of Dubai’s Department of Economy and Tourism (DET) has issued 16,409 e-Trader licenses since its launch in March of 2017 till end of 2021. The BRL sector also reported that the total number of e-Trader licenses issued in 2021 reached 6,217, a six...

DEWA achieved a new world record in electricity Customer Minutes Lost (CML) per year, recording 1.66 minutes in Dubai

Dubai Land Department (DLD) has signed memoranda of understanding (MoUs) with three companies that specialize in providing smart and advanced real estate solutions: Bayut, DXBinteract.com, and Property Finder. Local media reports said the MoUs aim to provide Dubai’s real estate market with the best solutions that rely on data and...

The city overtakes London in the list of the "Top Destinations Around the World". Golden beaches, world-class restaurants, rave reviews of visitors have contributed in Dubai's top ranking.

A total of 1,99The real estate and properties transactions valued at AED4.1 billion were recorded in Dubai during the week that ended on 21 January 2022. The transactions included 287 plots that were sold for AED1.08 billion, while 1,059 apartments and villas were purchased for AED2.25 billion. The top three...

Dubai Electricity and Water Authority (DEWA) has inaugurated 16 new substations in 2021 at the cost of about AED2.928 billion ($797 million). These include fourteen 132kV stations with a conversion capacity of 2,100 megavolt amperes and two 400kV stations with 4,000 megavolt amperes in the Mohammed bin Rashid Al Maktoum...

The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE indices fluctuated throughout the week.

Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued an Executive Council Resolution forming the ‘Supreme Committee to Oversee the Development of Hatta’. The Hatta Master Development Plan, which forms an integral part of the Dubai 2040 Urban...

The project is also part of DEWA’s initiative to develop the area to meet its social, economic, and environmental needs.

In order to explore solutions for water, food, and energy challenges, the UAE, Jordan, and the Netherlands wrapped up the inaugural edition of the Water-Food-Energy (WFE) Summit.

Dubai issued 72,152 new business licenses in 2021, a growth of 69 percent compared to 2020 when 42,729 licenses were issued. According to the official data, 59 percent of new business licenses issued in 2021 were professional and 41 percent were commercial. Bur Dubai accounted for the largest share (48,562)...

Dubai Airport Show 2022, to be held in May, will showcase a diverse range of innovative products and will provide a glimpse of investments planned by the world's airports until 2040.

The 2022 Zayed Sustainability Prize has been awarded to 10 winners who have contributed towards achieving sustainable development in their communities. The award ceremony coincided with the start of the 2022 Abu Dhabi Sustainability Week (ADSW) on Monday. Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, who gave away the...

Expo 2020 Dubai visitor numbers continue to rise, reaching 10,188,769 visits as of 18th January, while Expo 2020 Dubai’s virtual visitation passed the 65 million mark.

Dozens of Israeli high tech companies are keen to open units in Dubai or Abu Dhabi after Rapyd's decision to open its office in UAE. "The attraction of this option is that it can be a means for companies to lure much needed manpower that cannot be brought to Israel,"...

Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.

The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures

The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when it is expected to reach five million dollars.

Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel, Dubai, with a cooling capacity of 27,750 refrigeration tonnes (RT).

During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1 billion, the highest value since 2009.

DET and HSBC Bank Middle East have signed a Memorandum of Understanding (MoU), paving the way for increased cooperation in further enhancing Dubai’s position as a global livability destination.

Despite an increase in Omicron cases across the world, investors remain confident in the Saudi stock market. The UAE markets, meanwhile, stay cautious.

During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department.

DEWA-SAT 1 was launched on a SpaceX Falcon 9 rocket.

The U3 nanosatellite was designed and developed at DEWA’s R&D Centre

Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and Vice President and Prime Minister of the UAE, has presided over a swearing-in ceremony of newly appointed judges in Dubai Courts.

The agreement will help Dubai’s creative entrepreneurs.

Over 300 public and private sector stakeholders from China and the UAE took part in the first Shenzhen Day Launch Ceremony and Products Show, a hybrid event held earlier today and streamed live in two locations - Dubai and Shenzhen. Local media reports said the event, co-hosted by Dubai Chambers...

Leaders of the UK Abraham Accords Group and Sharaka will sign a cooperation agreement at a private event at the Crossroads of Civilizations Museum in Dubai.

Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, issued Law No. (2) of 2022 on the expropriation of property for public use in the Emirate of Dubai. The new Law regulates the procedures for expropriating property for public use.

 Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in Dubai in 2021. The flagship free zone and Dubai government's authority on commodities trade and enterprise also saw its best June, August, September and November, reaching a total of over...