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.

The Dubai firm has appointed an exclusive pan-India franchisee.

Mohammed ben Sulayem became the first non-European to be elected president of the International Automobile Federation (FIA) on Friday and succeeds the retiring Jean Todt. The 60-year-old Emirati gained 61.62 percent of the votes cast compared to 36.62 percent for his sole rival Britain's Graham Stoker. The former rally driver...

Global cues and local developments could not dampen the overall improvement.

Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem.

TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.

The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting was held between Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Dr. Renganaden Padayachy, Minister of Finance, Economic Planning and Development of Mauritius, at the Ministry...

The council will focus especially on boosting the emirate’s leading-edge competitiveness and leadership regionally and internationally.

Dubai reduced its carbon emissions by 33 percent in 2020, which is more than double the target of the Dubai Carbon Abatement Strategy 2021, said Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy. The Dubai Carbon Abatement Strategy aims to reduce carbon emissions by 16...

Empower is the world’s largest district cooling services provider.

The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai Government entities.

Indian police have recovered a stolen watch customized for star footballer Diego Maradona and arrested a suspect behind the alleged theft in Dubai, officials claimed Saturday.

The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.

Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday. The new trading window aligns with local and international financial institutions. The new trading hours will contribute to...

Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support the green economy of the emirate, said Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council of Energy. Al Muhairbi was attending the Dubai Supreme Council of Energy's 67th...

It is part of a strategy to help DFM reach the AED3-trillion mark

The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.

The first compact station opened at Dragon Mart 2 this month.

A total of 44 GCC brands, which include Emirates, Aljazeera, and ADNOC Distribution, figure in the 2021-2022 World Branding Awards. More than 5,300 brands from over 60 countries were nominated for the awards across multiple categories. Of these, only 500 brands were declared winners. The Virtual Awards Ceremony welcomed over...

With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a major financial, transport and media hub in the space of a few decades. Known for its glitzy shopping centres and its forest of skyscrapers, it has become a major tourist...

A total of 2,000 plots of land will be distributed to Emirati citizens together with 900 ready-made villas under AED3.8 billion ($1.03 billion) housing projects in Dubai. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved the projects that also include an AED 500...

GreenDome Investments has bought out Elite Co. from Prama Holdings, in a deal representing one of the region’s largest acquisitions in the logistics market.

Dubai hosted the naming ceremony of a cruise ship, MSC Virtuosa, which was officially named by Hollywood star Sophia Lauren in the presence of Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of Dubai Council for Border Crossing Points Security. MSC Cruises, the world’s third-largest cruise operator and part...

Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away with the need for the presence of a person at the office of the notary public. The 'electronic notary public' comes into being after an amendment to Dubai's Notary Public...