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...

Dr. Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National Council (FNC), today met with Mexican Senator Ricardo Monreal to discuss parliamentary cooperation.

Dubai has issued a law that seeks to include the people with special needs or disabilities---known as the people of determination---in the process of drafting and legislation that concern them or may affect their quality of life. The law is aligned with the efforts of the Dubai Government to develop...

Plans to open more than 100 stores in Egypt within next five years.

Dubai Electricity and Water Authority (DEWA) has pressed into service 1,310 new 11 kv power distribution stations across Dubai in 2021.

Dubai has passed legislations aimed at creating a new legal framework for Dubai Chambers and their Boards of Directors. The legislations are aimed at helping Dubai Chambers achieve their strategic objectives, reinforcing Dubai’s position as a global economic hub, and supporting the business community in the emirate.

The Dubai Airport Freezone (DAFZ) has launched the ‘Talent Pass’ license for freelance work (self-employment).

A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates and the United Kingdom.

Dubai’s Roads and Transport Authority (RTA) has signed a contract for the procurement of 2,219 new vehicles to enhance the fleet of the Dubai Taxi Corporation (DTC).

A new year saw quite some ups and downs in the top stock markets in the region, even as the UAE markets adjusted to a Monday-to-Friday workweek.

The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry.

Dubai Integrated Economic Zones (DIEZ) Authority has appointed a new leadership team to drive its free zones and central divisions. Amna Lootah was appointed as a Director General DAFZ to lead and implement strategic plans according to the approved structure, driven by its vision, mission, and values. Further, Lootah will...

Gulf Navigation Holding of Dubai intends to raise $40.8 million through convertible bonds, in order to restructure existing sukuks and other debts.

The Atlantic Council has announced that the 2022 Global Energy Forum will now be held alongside Expo 2020 in Dubai from 28-29 March, 2022.

Dubai's real estate market recorded 84,772 transactions representing a value of AED300 billion ($81 billion) in 2021, according to the annual transaction report issued by the Dubai Land Department (DLD). The report revealed a 65 percent growth in the number of transactions and a 71 percent increase in value compared...

The Prime Minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum launched the Great Arab Minds initiative on 4th January, driven by and headquartered at the Museum of the Future, the Emirates’ new global scientific landmark. Great Arab Minds is the Gulf’s largest movement to find exceptional talents among Arab...

Expo 2020, the world's biggest event since the pandemic, has passed the halfway mark, recording nearly nine million visitors so far. The visits have been boosted by a slate of spectacular events across the December festive season and with more world-class sport, music and cultural performances expected in the second...

The governments of Dubai and Jammu & Kashmir have signed a memorandum of understanding (MoU) to facilitate investment in the proposed project.

The loans are to be provided by the Mohammed bin Rashid Housing Establishment as part of housing projects announced last year.

Sheikh Mohammed bin Rashid Al Maktoum said the budget supports the Dubai Strategic Plan 2030 and places Dubai at the 'forefront of worldwide efforts to promote recovery'.

As the year drew to a close, the emergence of the Omicron variant pushed the number of daily new Covid-19 cases past one million for the first time. France on Friday became the latest country to announce Omicron was now its dominant coronavirus strain.

The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.

Hope remains for a better new year amidst scaled-back celebrations due to new restrictions aimed at slowing soaring Covid cases.

International oil prices surged by around 36.5 percent and reached a 7-year peak, exceeding US$ 82 a barrel at the end of November 2021, the highest since October 2014.

The Dubai Racing Club announced that its seventh race meeting at the Meydan Racecourse on 1 January 2022 will be dedicated to celebrating the #DubaiDestinations initiative that was launched recently to highlight the exceptional events and activities offered by the emirate. The move is part of the government's efforts aimed...

Kuwait's leading Islamic bank, Warba Bank, celebrated the listing of the bank's $250 million perpetual Tier-1 Sukuk on Nasdaq Dubai with the ringing of the market-opening bell by its CEO Shaheen Al-Ghanem. Emirati media reports said this is the third Sukuk listing by Warba Bank on Nasdaq Dubai, following the...

Dubai’s Department of Economy and Tourism (DET) has launched an online portal that provides a ‘One-Stop-Shop’ for timeshare operators to register and apply for permits and provide insights and guidance to customers and tourists. Local media reports said the Timeshare Portal supports the legal framework created by Dubai’s new Timeshare...

Spain and UAE have reviewed Dubai Electricity and Water Authority's achievements besides key projects and cooperation in the clean and renewable energy sectors. The two sides also discussed initiatives and programs that consolidate the transition towards a green economy and sustainability at a meeting in which said DEWA CEO Saeed...

The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.

An estimated one million people a year are expected to visit the aquarium housing marine animals in ten distinct habitats under the supervision of marine life experts.

UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations, and scholarships. In addition, the country has introduced new travel requirements for those coming on direct flights from Uganda and Ghana. These include having a negative COVID-19 test obtained within...

What makes Dubai a tourist hub and an essential market for sustainable surfing is the region’s proximity to the sea? Okahina Wave's CEO Laurent Hequily has answers.

Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in addition to 10 gift transactions amounting to AED17.58 million Monday, data released by the emirate’s Land Department (DLD) showed. Local media reports said the sales covered 223 villas and apartments...

The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies.

Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft and luxury yachts as well as superyachts and gigayachts.

The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai Economic Outlook and Opportunities in Dubai Exports. They pointed to a positive and robust recovery for the UAE economy over the next five years.