Dubai 11th popular city for investment visa programs, second for Covid safety
Henley & Partners’ Best Residence-by-Investment Cities for Business Index ranks cities according to lifestyle, tax, education, real estate, healthcare, security, infrastructure, etc.GII of Dubai to pick stake in Saudi healthcare firm for $600m
Gulf Islamic Investments (GII) of Dubai is looking to pick up a stake in a Saudi healthcare company for $600 million. It is part of the financial services firm’s expansion strategy in the kingdom.Dubai Aerospace Enterprise’s ESG Risk Rating among lowest
Dubai Aerospace Enterprise (DAE) Ltd, the global aviation services company, has announced that it has received an ESG Risk Rating score of 14.1 which was assessed by Sustainalytics to be ‘Low Risk’ category. This follows the publication in June 2021 of DAE’s inaugural Environmental, Social, and Governance Report.Shuaa Capital CEO now owns 30 percent of the firm
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal stake close to 30 percent in the company.RTA announces special buses for Expo 2020 Dubai
The RTA will operate 126 buses within Dubai, and 77 buses between Dubai and the other emirates, all so that visitors have a smooth time attending Expo 2020. The buses will apparently run 1,956 direct daily trips from Saturday to Wednesday.Etihad to fly to Saudi again
In a statement to Arabian Business, the carrier confirmed that passenger flights would recommence between Abu Dhabi and Saudi Arabia from Saturday, with services connecting the UAE capital with Dammam, Jeddah and Riyadh.Emirates to restart flights to Saudi Arabia and St. Petersburg
Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid pandemic restrictions ease in many parts of the world.Dubai unveils Expo 2020 ‘passport’ for visitors
Visitors to Dubai’s Expo 2020 will be required to buy a 50-page booklet, passport, that would keep tabs of an individual’s visits and hold a unique number as well as passport-size photo and personal details.Aramex likely to buy out Turkish MNG Kargo for $500m
Aramex, the Dubai-listed courier agency, is in talks with MNG Kargo, the Turkish delivery company, to buy it completely for close to $500 million.Business booms in Dubai, best in two years
Business activity has grown in Dubai at the fastest rate since September 2019, and is likely to improve further on the back of relaxed containment measures and the hosting of Expo 2020.Iker Casillas to launch goalkeeper training center in Dubai
Called the Iker Casillas Goalkeeper Training Center, this will be the first such facility by the Real Madrid goalkeeper outside Spain.Japanese-French consortium to operate Dubai Metro now
The change in operators coincided with the 12th anniversary of Dubai Metro, which started operation on September 9, 2009.Empower cools Uptown tower
Empower is servicing 3,850 RT at the skyscraper.Aramex creates two business arms
Company also creates regional structures, each headed by a VP.Dubai property sales hit four-year high in August
The figures indicate that the property market, particularly the residential market, is recovering after hitting a low at the start of the pandemic last year.Own a share of Dubai property for as little as $136
If you are an investor, you can now own a share of Dubai property for as little as $136.Aston Martin Vantage to police Dubai
The Vantage joins other sports and supercars of the police force.Saudi state media companies to move from Dubai to Riyadh
The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other countryDubai sees real estate deals worth AED9.4bn; 146 plots fetch AED2.26bn
The DLD weekly report said 146 plots were sold for AED 2.26 billion, 1,080 apartments and villas were sold for AED 2.25 billionDEWA launches camp for women
The two-month virtual camp is said to feature six learning tracks.UAE announces 50 national development projects
The projects are expected to lay the foundations for further growth of the UAE.India slider at ‘gold’ price in Dubai
The dish sees the vada filled with truffle butter and cheese, stuffed in a bun, and served with sweet-potato fries and mint lemonade.Agthia to buy Dubai snack company
The group has endorsed the full acquisition of BMB Group.UAE forms new law to punish erring ministers and officials
Any minister or senior official found guilty of corruption could be relieved of their job.Israel mission in Dubai eyes Gulf oil deal
Environmentalists had voiced anger over the plan to ship Emirati crude to Israel's Red Sea port of Eilat.Dubai’s gourmet restaurants hungry for a star
It is a prize a restaurant or a chef would die for to possess. It is the culinary equivalent of an Oscar in the film industry. The Michelin star is the medal that diners of the world hunger for.Sports sector adds $1bn to Dubai economy each year
The growth in the sector is a result of the Dubai community’s increasing interest to participate in sports activities over the years.DEWA’s sustainability report out
It focuses on social, economic and environmental aspects.Dubai Metro to open Jumeirah station on Sept 1
The station would be opening well ahead of the beginning of the Expo 2020 Dubai events, which it will be serving.Philippines-UAE trade rose 32% in first 5 months of 2021
Total trade between the Philippines and UAE already crossed Dh1.3 billion from January to May 2021Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.$1.68 billion weeklong realty deals recorded in Dubai
DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai Land Department said a total of 1,345 deals comprised 215 plots that sold for AED1.2 billion and 1,163 apartments and villas that went for AED 2.45 billion. The most expensive...Expo 2020 promises a productive Q4
The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in the run-up to the mega event.Empower buys 19 plants for $234m
Empower will as a result acquire all the assets of these systems.Dubai’s Alcazar bought out for $500m by China
Dubai’s Alcazar Energy Partners, a wind and solar developer, has been bought out by the state-owned Chinese company Three Gorges South Asia Investment Ltd. for $500 million.Uber Reserve launches in Dubai
Allows riders to book rides up to 30 days in advance.Six new projects approved for development of Hatta
Tourism and water have been the economic mainstay of Hatta, an inland exclave of Dubai.Emirates to increase salaries of employees
Emirates has announced that from October 1 it will undo all changes to employee pay structure that it undertook to save the airline from going under last year when Covid swept through the whole world.Dubai real estate rally: transactions worth $192 million recorded on Aug18
A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the Q2 2021 compared to the previous quarter as positive market sentiment and continued international buyer interest drove sales. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from international...UAE hosting Afghan ex-president ‘on humanitarian grounds’
Ghani fled Afghanistan on Sunday as the Taliban closed in on Kabul, before the insurgents walked into the Afghan capital unopposedPrices of Dubai villas go through roof
Prices of villas and apartments have leaped up in Dubai by as much as 27 percent in the second quarter of this fiscal, with a clear recovery in the UAE’s real estate sector, battered by a sluggish demand for years.Himalaya plans $32m factory in Dubai
The medicines made here will be exported to over 100 countries.Tabreed plans to divest its $113.5m stake in Qatar Cool
Tabreed, the Dubai-listed National Central Cooling Company, will divest nearly 44 percent of its stake in Qatar District Cooling Company (Qatar Cool).Dubai Investments to deliver $953m mixed-use projects by H2
The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center project in Fujairah.Dubai to develop as polyurethane innovation hub: Pearl
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered companyDubai property transactions up 50 percent in Q2: Report
Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from buyers who are drawn by visa reforms, the emirate’s quality of life and comparatively attractive pricing, according to a report.Damac Properties posts $27.5m net loss
Damac Properties, the Dubai-based developer, posted a net loss of $27.5 percent for the second quarter as compared to the loss of $77 million during the same period last year.Dubai records $1.2 billion realty deals
AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.Mulk JV to launch Alubond in US
The JV will launch Mulk’s Alubond brand of façade materials in the US.Dubai Tourism launches new trailer
This is the second instalment of the Dubai Presents campaign, and like the first one highlights some of Dubai’s most iconic locations.

















































