Dubai, UAE----Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Monday, Dubai Land Department said.The deals included 515 sales transactions worth AED1.44 billion and 19 gift deals amounting to AED137.87 million.The sales included 483 villas and apartments worth AED1.14 billion, and 32 land plots worth AED299.29 million.Emirate’s...

The general budget for this year aims to achieve financial sustainability and enhance the economic competitiveness of the emirate.

The council highlighted the need for all authorities and institutions to activate their cyber defence systems.

Sustainability remains key focus as the UAE and Saudi Arabia speed up digitalization, which has been the fundamental pillar of the transformative economic goals of the GCC nations.

ABU DHABI, UAE  - The Ministry of Economy has announced that Creative Zone, one of the UAE's largest consulting and business establishment companies, has joined the NextGenFDI initiative.The NextGenFDI program, which was launched in July 2022, aims to attract digitally-advanced companies to the UAE and develop the next generation of...

DUBAI, UAE :  The Dubai Land Department (DLD) launched its new strategic plan and vision, shaping the features and landmarks of its directions until 2026.The new plan has been approved by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of...

DUBAI, UAE -  The Dubai Electricity and Water Authority (DEWA) under-construction pumped-storage hydroelectric power plant site in Hatta is 58.48 percent complete.This is the first station of its kind in the GCC, with investments of up to US$387 million (AED 1.421 billion).The project is planned for completion in the fourth...

In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year US$136.9bn figure during 2021, says Kamco Invest.

DUBAI, UAE -  UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri presided over the first meeting of the Farmers’ Council.The meeting was organized by the Ministry of Climate Change and Environment (MOCCAE).The meeting highlighted the government directions to promote sustainable modern farming systems across the UAE...

DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and achievements in supporting sustainable development in all its economic, social and environmental aspects.It introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability.The report demonstrates the...

Rabat, Morocco-- The UAE and Morocco are looking at ways to bolster cooperation and exchange experiences in order to combat terrorism.In this regard, a delegation from the Executive Office for Control and Non-Proliferation (EOCN), headed by Rashid Al Mannai, Director of the Targeted Financial Sanctions Department, met with members of...

The introduction of new laws regarding the ownership structure of mainland companies may boost the Gulf country's economy in 2023 as it is expected to attract more investors.

Saudi market's primary index fell for the eighth week in a row. Abu Dhabi index fell for four of five days. Dubai's main index fell three days out of five this week.

DUBAI, UAE - The UAE Council for Environmental and Municipal Work held its second meeting, chaired by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment.The meeting saw the roll-out of the Waste-free Schools project that aims to promote the adoption of circular economy principles in schools.The meeting...

Through strategic investments in our vehicles, services, businesses and technologies, we are leading the way toward a cleaner, smarter and safer society, adds West, the Managing Director of OnStar Middle East Operations and Future Mobility General Motors Africa and Middle East.

The conference was organised in collaboration with the Cyber Security Council with the participation of 10 biggest healthcare groups of Abu Dhabi.

Abu Dhabi, UAE-- The UAE Public Prosecution has ordered the arrest of a private company director who was proven to have faked the employment of Emirati citizens.The suspect allegedly forged e-documents, faked employment contracts, and falsely stated that his company had hired Emirati citizens, with the aim of obtaining the...

Ajman, UAE--Abdullah Al Muwaiji, Chairman of the Board of Directors of Ajman Chamber of Commerce and Industry (ACCI), has affirmed the Chamber's keenness to consolidate its external relations and build strong partnerships to achieve sustainable future growth for the economy of the Emirate of Ajman.This came during his meeting, at...

The move will help Dubai in becoming a cashless economy.

Sharjah, UAE--- A Women under the age of 40 lead 77.6 percent of the women-owned businesses in the UAE, a survey has said.The survey conducted by NAMA Women Advancement, in partnership with UN Women, found that of the 1,000 female business owners who took part in the survey, 48.8 percent...

Abu Dhabi, UAE--The UAE-led ‘Beyond2020’ humanitarian initiative has provided a safe source of water for about 20,000 residents of the villages of ‘Tawit’ and ‘Tahjr’ in Kassala State, eastern Sudan.Under the initiative, two small solar-powered water basins were erected in accordance with a groundwater pumping system to provide 20 liters...

The UAE is the second leading trading partner of Canada in the Gulf Cooperation Council (GCC) and the region in 2021.

High growth rates in the UAE and Saudi Arabia economies are positive indicators for consultancies, says Vijay Valecha, Chief Investment Officer, Century Financial.

Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the digital economy of the Gulf Cooperation Council (GCC) region is advancing at a rapid and significant pace, noting its major importance to GDP.He noted the importance of promoting cooperation between...

ABU DHABI, UAE  - UAE's Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Program following the issuance of the Federal Decree-Law on Taxation of Corporations and Businesses.The launch of the program was announced during a media briefing held Thursday by the ministry to raise public awareness of...

Abu Dhabi, UAE---The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for the Licensed Financial Institutions (LFIs) in the insurance sector comprising insurance and re-insurance companies, agents and brokers.The guidance, which comes into effect immediately, will assist...

MONTREAL, CANADA -  UAE Minister of Climate Change and the Environment  Mariam bint Mohammed Almheiri participated in the High-Level Segment (HLS), the second part of the 15th UN Biodiversity Conference (COP15), that took place in Montreal, Canada.The HLS, which took place from December 15-17, 2022, aimed to enable participating ministers...

DUBAI, UAE -   MD & CEO of Dubai Electricity and Water Authority (DEWA)    Saeed Mohammed Al Tayer has launched the construction work for the Hatta Sustainable Waterfalls project.The  US$12 million (AED 46 million) project was recently awarded to DEWA and is part of the company's social and investment responsibility to...

Sheikh Abdullah affirmed the UAE's keenness to strengthen the strategic partnership with Israel and advance bilateral cooperation in various fields.

“E-commerce sales via marketplaces will continue to grow in double-digit percentages in 2023, driven by a higher proportion of cross-border shopping, and ongoing increase in the adoption of credit cards, and logistics services such as Aramex’s Shop & Ship, MyUS and DHL’s Easy Shop,” he adds.

The adoption of digital currencies can help open new business segments as the use of these assets increases with time, Daniel Takieddine, CEO of MENA BDSwiss, tells TRENDS.

Saudi Hassana will invest $2.4 bn in some of DP World's assets.

Businesses in the region are working closely with their governments to get cloud security solutions implemented to reduce the success rates of phishing attempts.

WASHINGTON, UNITED STATES - The United States plans a meeting early in 2023 between Israel and Arab nations that recognize it as it pushes the incoming right-wing government of Benjamin Netanyahu to show restraint, a US official said Tuesday.Netanyahu is set to take office with the most right-wing government in Israel's...

Abu Dhabi, UAE - The UAE has affirmed full support and solidarity with Jordan, stressing the importance of ensuring stability and security in the country.The Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed the UAE's support for all measures taken by the Jordanian government.It said UAE condemns these criminal...

DUBAI, UAE  - Nearly 2,000 global business executives and investors attended the World Corporate Summit in Dubai to share in the vision of improving the world through business.Held in Dubai from November 21 till December 15 2022 at the Palace Downtown Hotel, this summit which was supported by Dubai’s Department...

In its Q3 review, the apex bank attributed the upward review to the robust performance of some non-oil sectors, including tourism, hospitality, real estate and manufacturing.

Dubai real estate market recorded 476 sales transactions worth AED1.17 billion, in addition to 92 mortgage deals of AED181.95 million.

The region was ranked the riskiest by the Global Risk Report Quarterly Update. But the GCC region stood out, offering some of the best supporting environments for investors.

SHARJAH,  UAE -  A Belgian delegation met with Sheikh Majid Al Qasimi, Director of the Department of Government Relations (DGR) in Sharjah.Antoine Delcourt, Ambassador of the Kingdom of Belgium to the UAE was also present on the occasion.Al Qasimi welcomed the Belgian delegation comprising Juren Seleslag, Political Affairs Adviser and...

SINGAPORE -   The UAE has participated in the 17th Asia Pacific Regional Meeting of the International Labor Organization (ILO) in Singapore.More than 500 representatives of governments, labor organizations and companies from 33 of the 48-member countries of the Asia Pacific Group of ILO took part in the meeting.The meeting discussed...

Ajman, UAE-- The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions worth AED1.4 billion ($381 million) during November.Omar bin Omair Al Muhairi, Director-General of the Department of Lands and Real Estate Regulation, said the real estate market grew by 73 percent in November, compared...

The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan.

Dubai, UAE--A UAE delegation led by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade is on a visit to Scotland to discuss renewable energy projects and other potential areas of cooperation, such as science.The delegation included Rashid Abdul Karim Al Balooshi, Under-Secretary of Abu Dhabi Department...

DUBAI, UAE -  Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd meeting held virtually.Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy also participated.The meeting was attended by Secretary-General of the Dubai Supreme Council of Energy Ahmed...

The vision is based on four pillars that cover all sectors including the society, economy, diplomacy and ecosystem, the government says.

The 50-year lease was signed with Star Paper Mill.

DUBAI, UAE -  The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve social and economic stability for those involved in the real estate rental sector and other relevant fields. This helped in establishing a specialized judicial system as per a streamlined mechanism.Judge...

Sharjah, UAE--- Sharjah has witnessed a 68 percent increase in female entrepreneurs recently and as the market grows and expands, it will continue cultivating an environment that is inclusive and supportive, said Maryam Bin Al Shaikh, Director of the Sharjah Business Women Council. She was speaking on the opening day...

ABU DHABI, UAE  - UAE Ministry of Climate Change and Environment (MOCCAE) launched the roadmap for the National Carbon Sequestration Project, which aims to plant 100 million mangroves in the country by 2030.  This is as part of its efforts to implement the UAE's strategic initiative to achieve Net Zero...