Shuaa Capital plans to set up three blank-check companies of around $200 million each.

The AED256-million ($69.7 million) project by DEWA to extend water transmission by 36.6 km across Dubai is a fraction away from completion The project has two sections: Section A consists of 12.52 km of pipelines, while Section B has 24.12 km of pipelines   The AED256-million ($69.7million) project by the...

 Emirates will distribute its NDC content via Travelport+ The firms also extended their longstanding IT agreement Dubai-based carrier Emirates was quoted by local reports on Saturday, July 3, as saying that it had reached a commercial agreement with global travel-retail firm Travelport that could reduce the fares of the airline’s...

The billboard is made of reinforced transparent acrylic It took a team of team of 32 people to build the structure Havas Middle East has announced the launch of the world’s first swimmable billboard in Dubai, on behalf of Adidas, which is five meters high, three meters deep and holds...

The Dubai-based cloud kitchen company Kitopi has crossed $1 billion in valuation, its CEO has said Its valuation went up after it had successfully raised more than $400 million in fundraising Kitopi, the Dubai-based cloud kitchen company, has seen its valuation go through the roof, crossing one $1 billion, after...

The firm plans to recruit for leadership and mid-level management roles in the sales department and build new channel partners in the region Shipsy’s platform leverages artificial intelligence, big data, and cloud capabilities to help customers reduce logistics costs, achieve transparency Shipsy, an end-to-end global trade and logistics management company,...

The emirate’s annual trade stood at $320 billion in 2020 Foreign trade focus likely on high-growth markets like Latin America, Asia Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum recently approved a new structure of the board of the Dubai Chambers to, among other things, raise the annual foreign trade...

Revenues to grow 12 percent on higher oil prices and taxes A 7 percent increase in total government expenditure also likely Dubai’s biggest lender Emirates NBD expects the UAE’s GDP to grow at 1.5 percent this year, with the non-oil sector growing at 3.5 percent, slightly lower than the UAE...

The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500mln via sukuk Emaar is 29.22% owned by state fund Investment Corporation of Dubai   Dubai real estate company Emaar Properties has hired banks for issuance of US dollar-denominated Islamic bonds, or sukuk,...

UAE’s budget balance improved as its economy recovers It will enter 25 new international markets for foreign trade Boosted by an improved budget balance in the first half of the year, as the economy began recovering from the bruising effects of the Covid-19 pandemic, ruler of Dubai Sheikh Mohammed bin...

The emirate plans to host one of the biggest gas conferences and an African investor summit this year Dubai aims for 25 million unique visits to the Expo 2020 As restrictions hamper travel to hubs such as London and Singapore, Dubai is fast becoming a winner in the more than...

Office located at Dubai International Financial Centre SINOSURE is a state-funded insurance company established to promote China’s foreign economic and trade development China Export and Credit Insurance Corporation (SINOSURE) has become the first Chinese insurer to open its office at Dubai International Financial Centre (DIFC). SINOSURE is a state-funded and...

The developer has reported a surge in pre-sales in the UAE to $2.85 billion S&P Global Ratings give Emaar Properties a stable outlook The Dubai property market might not be booming yet, but the first signs of recovery have begun to appear on the horizon. Emaar Properties, the developer of...

A total of 557 property deals worth Dh931 million were recorded in Ajman in April 2021 Dubai’s realty sector posted 4,832  worth Dh10.98 billion in the same period A total of 557 property deals worth Dh931 million were registered in Ajman in April 2021, a 4.1 percent growth compared to...

*The Authority to oversee digital transformation *It is expected to bring about social and economic benefits to Dubai In order to obtain more social and economic benefits from digital transformation begun twenty-years ago, Dubai has set up a new body Dubai Digital Authority to provide digital services to both individuals and...

  DLD, through RERA, has reached an agreement on this with the International WELL Building Institute The rating system includes 22 strategies to do things like help keep spaces clean and sanitized, provide essential health benefits and services, and assess air and water quality Dubai’s Department of Land and Property,...

The government said the Fixed Rate Note was issued on June 22 in 2011, and reached maturity on the same date this year Issued under the Euro Medium Term Note Program, all the notes have been redeemed after they matured   The government of Dubai has announced that it has...

Two major Emirati telecom operators, Etisalat and DU, would carry content from i24News, which broadcasts in Arabic, English and French The news channel will exchange content with the publisher of English-language daily Gulf News   Israel-based i24News television network said Monday it would open an office in Dubai, the first...

A study has shown Cloud ecosystem will generate $27 billion in the next four years Microsoft and its partner ecosystem will spend about $2.3 billion in the data centers for services and products  Microsoft's UAE cloud data centers are having a positive impact on the economic growth, the company said...

The show is seen as a psychological boost for airlines, plane makers The Airshow will be the largest aerospace trade event to be held since the pandemic Five months before the Dubai Airshow starts, the organizer has made it clear that the biggest aerospace trade show and a spectacle for...

Dubai said that only passengers from India 'who have received two doses of a UAE-approved vaccine' would be allowed to travel to the emirate Some 300 flights a week were operating between the UAE and India before the ban was announced in April Dubai said that only passengers from India...

This was Dubai’s highest total sales transaction value in the sector since March 2017 $12.85 billion worth 20,989 real estate sale transactions recorded from Jan to May 2021 The emirate of Dubai saw 4,429 real-estate transactions in May this year, worth around AED11.11 billion ($3.02 billion), said local reports on...

Ambassador of Germany to the UAE 'impressed' with the free zone’s infrastructure Trade between two countries expected to grow more steeply Trade between Dubai and Germany has vaulted to more than 6 billion in 2020 and is expected to grow more steeply in the years ahead. It is projected to...

Opening terminals will boost the airport's PCR testing capacity 3500 employees will either be new hires or the ones waiting to be reactivated Dubai Airports will add about 3,500 employees, some of whom are waiting to rejoin their jobs while others would be new hires, according to the CEO of...

Sajan says UAE provides incentives and legislations that encourage investment and commerce Thanks UAE leadership for amending federal laws regulating businesses Rizwan Sajan came to Kuwait as an 18-year-old boy for work. But the first Gulf War forced him to return home in India's financial capital, Mumbai. He then moved...

20,000 metric tons of Jalgaon Banana, grown in the Maharashtra state of India, exported to Dubai Fibre-rich fruit is grown by progressive farmers of a village under India's new Agri Export Policy Dubai: The first consignment of 20,000 metric tons of Jalgaon Banana, a fiber- and mineral-rich fruit from Jalgaon...

The launch-cum-conference will be live-streamed in 20 countries and see more than 1000 attendees from across the globe Netix’s Intelligent Integrated Command and Control Center allows partners to control up to 84% of building energy consumption Netix Global BV, a vendor-neutral iIBMS automation solutions provider, has said it will launch...

  HSBC and Morgan Stanley feel growth will be driven by strong demand for larger homes The rally, both feel, would continue for many more years   HSBC and Morgan Stanley feel that the Dubai property market would retain its luster of being the most sought after property in the...

  EGS has signed an MoU with India-based GMR Aviation Academy for aviation education The MoU will reportedly help EGS and GMRAA promote cooperation in developing and exchanging information, as well as technical expertise in aviation security   Dubai-based Emirates Group Security has signed a memorandum of understanding with the...

  Dubai's vast food scene can be explored in local farms, specialty shops Focus on food security and regenerative farming practices has helped the agricultural sector grow in Dubai   Mohammed Aissaoui, a former engineer born and raised in the south of France into a farming family came to Dubai...

  Emirate attracted over 5.5 million overseas visitors in 2020 Visitor from newer markets in Europe, Africa and the Commonwealth of Independent States (CIS) are compensating for the shortfall from traditional markets   Dubai is actively seeking travelers from the new markets to bolster its tourism industry reeling from the...

69 percent of those polled believe decisions on capital projects during construction phase marred by short-term approach British Business Group working on how the UK Construction Playbook can be adapted for the UAE region   Undervaluation of actual work in progress rather than delayed payment is the construction industry's biggest...

The G7 powers have endorsed an agreement on a global minimum corporate tax  The UAE is one of the world's top 10 tax havens Tax advantages paired with a life of luxury have long drawn foreigners and multinationals to the UAE, which is aiming to remain attractive whether or not...

After the easing of lockdown, people feel yachts offer a secure way to travel People are hiring yachts for cruising, sightseeing with families, friends Dubai earned a reputation for delivering luxury for those with cash to splash years ago, but amid the Covid-19 pandemic, a new mode of travel has...

The growth in the sector is mainly attributed to the ongoing Covid-19 pandemic Ounass, a luxury online store, launched in 2016 by Al Tayer Group from the UAE has only added to the growth of the luxury market Hadeel Karnib Web-based shopping is enabling further growth of luxury fashion retail...

In 2020, the value of trade with China fell by 5.3 percent to Dh142 billion The UAE is also home to thousands of Chinese companies China has maintained its position as Dubai’s largest trading partner in the first quarter of 2021 with Dh44 billion ($12 billion) worth of trade, representing...

Exports grow 25 percent to Dh50.5 billion. Imports account for Dh204.8 billion, growing 9 percent Gold tops the list of commodities in Dubai's Q1 external trade at Dh63 billion, growing 27 percent Dubai’s foreign trade this quarter touched Dh354.4 billion ($96 billion) growing 10 percent from Dh323 billion ($88 billion)...

Genetics of developmental diseases, reproduction, cancer biology, diabetes, etc., the focus of research Applicants can apply for the program by Aug 1, 2021 Dubai: Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) has launched a fully sponsored PhD program in Biomedical Sciences. This will be the university's first doctorate...

With a fleet of more than 70 aircraft, the transaction could value company at $10 billion Vista was founded by Swiss billionaire Thomas Flohr with just three planes in 2004 The Dubai-based private jet company, Vista Global Holding Ltd., might go public through a merger with a Special Purpose Acquisition...

The emirate  to reduce government-related procedures within 3 months  to lower the cost of doing business The private sector to be granted more access to government projects Dubai has decided to reduce the government-related procedures for businesses by 30 per cent over the next three months in an effort to...

This is expected to improve Dubai’s, and in turn the United Arab Emirates’, position in the global Ease of Doing Business rankings The UAE’s score has already improved from 76.285 in 2015 to 80.915 in 2019, with the peak being 81.589 in 2018     Doing business in Dubai may...

  Al Hassawi has been the company’s acting CEO since September 2020. During this period, he has guided the organization into two consecutive quarters of growth   The board of Emirates Integrated Telecommunication Company (EITC) has officially confirmed Fahad Al Hassawi as its chief executive officer. He has been the...

  The second offering for 2021 has increased NBD’s listed bonds to more than $5.1 billion. It was 2.3 times oversubscribed and attracted demand from the region as well as Asia, Europe and the UK Emirates NBD, Dubai’s largest lender, has listed its $750 million bond - Additional Tier 1...

NtechLab serves more than 100 customers in over 20 countries NtechLab products are in demand in public and corporate security, retail, financial, entertainment and hospitality industries     NtechLab, one of the world leaders in intelligent video analytics and biometric technologies has announced the opening of local offices in Abu...

  Thirteen outstanding executives were given the degrees Degrees are presented for exceptional contributions to society Thirteen African business leaders were conferred Honorary Doctorate Degrees 2021 on Monday in recognition of their leadership qualities, vision and outstanding public service amidst global crises. The degrees were presented by MG Business Solutions...

The use of this type of transport in Dubai is aimed at accelerating the mobility of people, ease congestion

Opontia said it will use the funds to acquire exceptional e-commerce brands and to invest in a team of experienced e-commerce experts who will be responsible for managing and growing brands after acquisition

The airline launches a promotional campaign that will be available until June 18  

164 plots sold for AED 819.02 million, 1,030 apartments and villas sold for AED 2.22 billion

Special incentives to be given to cabbies to convert their cabs into either of the two variants