Dubai’s GDP tops $31.3 bn in Q1 2024, growing 3.2%
The financial and insurance sector saw a 5.6% rise, reaching USD 4.1 billion (AED 15.1 billion), supported by significant growth in credit and deposit balances.
Virgin Mobile to go carbon neutral in Middle East
The company is also auditing vendors and supply chain for compliance with fair trade manufacturing and ethical practices It has teamed up with Dubai Carbon Center of Excellence Virgin Mobile Middle East and Africa has pledged to deliver products and services that make a positive impact on society and environment,...3M appoints new VP, MD to lead MEA
Svinger will oversee the strategic expansion of 3M across the region The appointment further strengthens 3M’s developing business in the MEA region 3M Wednesday announced the appointment of Laszlo Svinger as its new Vice President and Managing Director, Middle East, and Africa. In his role, Svinger will oversee the...Dubai records 10% energy demand growth, 10% peak load increase
Demand for energy increased in the first five months of 2021 to 16,467 gigawatt hours, compared to 14,988 GWh in the same period of 2020 Peak load also increased to 7,966 MW, compared to 7,248 MW in the same period Dubai has recorded a year-on-year increase of around...Stake, a Dubai startup backed by Saudi, to expand into kingdom
The company announced on Tuesday it has raised $4 million in a seed funding It has raised 15 million dirham for the venture Stake, a Dubai-based financial technology (fintech) and real estate investment platform backed by Saudi investors, is in talks to expand into Saudi Arabia. Stake, launched in 2020,...Nichole Miranda is SOCIATE’s Communications Strategist
SOCIATE is a communications agency headquartered in Dubai Miranda heads the SOCIATE UK office from London Copywriting specialist, Nichole Miranda, has been given a new title as the Communication Strategist at SOCIATE. Miranda joined SOCIATE in 2017 and was promoted to Account Executive within the first month of her...Planning body set up to make Dubai the world’s best city
Supreme Committee for Urban Planning envisions Dubai as the best city for life in the world$2.3 billion of realty deals in four emirates in Q1 2021
The deals are a sign that the worst is over and smart recovery is picking upA Dubai startup unveils a program to fight climate change in MENA
Olive Gaea calculates the carbon footprint of any individual or business through a simple yet science-based questionnaireDubai gears up for World Green Economy Summit in October
It will be held on October 6 and 7 this year at the Expo 2020 Dubai This WGES is expected to have a broader scale as it is being held in conjunction with the expo Dubai is gearing up for the seventh edition of the World Green Economy Summit,...Al Dahra BayWa opens warehouse in Dubai
Al Dahra BayWa is a pioneer of innovative farming in the UAE The new facility in Dubai will enhance the firm’s logistics Al Dahra BayWa, a leading sustainable agribusiness company in the UAE, has announced the opening of its facility in Dubai as part of its plan to expand its...Passengers are back on flights as Dubai International Airport is named busiest in May
The airport kicked out London Heathrow from the top spotOccupancy rate of next-gen hospitality firm Sonder 70 percent during pandemic
Duration of stay at Sonder properties grows from an average of 4 days to 10. The firm has 160 spaces in Dubai and demand for its tech-enabled offerings had risen Sonder, a leading next-generation hospitality company with more than 160 spaces in Dubai has seen strong demand for its tech-enabled...Delivery of 500 condos built by Azizi Developments will be made next month
The residential units comprise 334 studios, 48 one- and 94 two-bedroom apartments, and 10 spacious, luxurious sky villas The condominiums are part of a big project in Al Furjan in Dubai To cope up with the growing demand for condominiums in the heart of Dubai, Azizi Developments, one of the...Automotive industry on path to recovery: Experts
Digitally-enabled experiences and services to evolve customer expectations Full recovery of the industry expected by 2025 as post-pandemic confidence grows across MENA While experts in the automotive market believe a full recovery could take up to four years, many market analysts and industry leaders have already seen green shoots, spurred...Draft budget for 2022-2026 reviewed
The meeting explored the projections of federal cash flows for 2022 The fiscal policies governing financing of capital projects also discussed The General Budget Committee chaired by Deputy Prime Minister and Minister of Presidential Affairs Sheikh Mansour bin Zayed Al Nahyan discussed the draft federal budget for 2022-2026...Dubai foresees 49% recovery in air travel in 2nd half
Only 1.8 billion travelers took to the skies in 2020, as against 4.5 billion in 2019 Pandemic caused 50% drop in domestic air traffic globally in 2020 Signs are pointing to significant recovery and travel demand in the second half of 2021 and a sustainable recovery in air...Dubai records AED92 billion worth of realty transactions
Hadaeq Sheikh Mohammed Bin Rashid tops the list in villa sales Dubai Marina, Burj Khalifa among toppers in apartment sales Dubai has registered 25,455 real estate transactions worth AED92 billion from January - April 2021, thus achieving an increase of 51 percent in terms of the number of transactions and...A floating house launched in UAE sells for Dh 20 million
Neptune billed as the first environment-friendly floating house in the world Floating units can safely move from one place to another Seagate Shipyard, the ship and vessel manufacturing firm in UAE, unveiled first units of its floating sea resort Neptune, becoming the first environment-friendly floating house in the world. The...Optimism in the air as Airport Show begins in Dubai
3-day exhibition attended by 95 exhibitors from 21 countries 50 percent improvement in the global passenger Kms likely by mid-2021 Three-day Airport Show, the world’s largest B2B airport industry exhibition, begins in Dubai on May 24 generating an overwhelming response in its new physical and digital format. The show was...Abu Dhabi, Dubai villa market rental rates stay strong in Q1
The Abu Dhabi residential market delivered 1,700 apartments, 50 villas during the quarter Grade A and B office buildings in Abu Dhabi experience demand from Chinese, Israeli companies The villa market rental rates in Abu Dhabi and Dubai were strong in the first quarter (Q1 2021) despite the ongoing economic...Airport Show-2021 begins amid signs of industry’s global recovery
Against 4.5 billion travellers in 2019, only 1.8 billion passengers took to the skies in 2020 The pandemic led to a 50% drop in domestic passenger traffic globally and 74% in international traffic The world’s largest annual airport industry B2B platform, Airport Show, opens at the Dubai World Trade Centre...SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal Supplier Register Dubai’s Ministry of Finance recently signed a Memorandum of Understanding with Dubai SME to support the business sector and advance comprehensive and sustainable development in the country. Under...Global trade stakeholders to virtually attend customs conference in Dubai
Dubai Customs is hosting the 5th WCO Global Authorized Economic Operator Conference virtually from May 25 The three-day conference is expected to see stakeholders of global trade in attendance as experts and dignitaries address them Stakeholders of global trade are expected to converge in the virtual world on May 25...DP World names new CEO for UAE Region, Jafza
Abdulla Bin Damithan has been appointed as the new CEO for the UAE region and Jafza of Dubai-based supply-chain logistics provider DP World He is taking over from Mohammed Al Muallem, who has been promoted to executive vice-president of the company Abdulla Bin Damithan has been appointed the new CEO...More than AED 4 billion worth of real estate and properties sold in Dubai in week
Around 1,500 real estate transactions made in during one week 120 plots of land, and more than a thousand apartments and villas figure in the sale According to Dubai Land Department (DLD) more than AED 4 billion worth of real estate and properties were sold during the last week ending...Dubai hosts MENA’s first Green Hydrogen project
It is an important milestone of the energy transformation, says Siemens official The project is a collaboration between Siemens, Dubai Electricity and Water Authority and Expo 2020 Dubai The Middle East and North Africa region saw its first green-hydrogen project unveiled in Dubai on Thursday, May 20. The project, implemented...Dubai to steer video gaming industry in region
With booming young population hooked to internet and ground-breaking breakthroughs in the areas of Artificial Intelligence and Virtual reality, video gaming industry is certainly expected to come on its own in the Middle east region. Pegged at reaching more than $4 billion by 2022, Middle East and North Africa (MENA)...“Arab Women Forum” to make a stylish debut in Saudi Arabia
For the first time ever, the Kingdom of Saudi Arabia will host the “Arab Women Forum” as part of the fourth edition of the “Top CEO Conference and Awards,” which is set to return to the country for the second time on 10th and 11th April at King Abdullah Economic...Smart Dubai implementing a digital backbone platform for the whole city
While speaking exclusively with TRENDS at World Economic Forum in Davos, Dr Aisha Bin Bishr, Director General, Smart Dubai Office, says her organization aims to build the happiest city in the world by implementing advanced technologies. What is Smart Dubai all about? We want Dubai to be the happiest city in...



























