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...

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...

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,...

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...

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...

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....

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...

BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which was held on December 16-17 2022. Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023, which...

Saudi and the UAE equities beat sluggishness of the past few weeks, recording gains across many sectors, with Abu Dhabi index posting gains not seen since last October.

There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers.

Sharjah, UAE-- A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah during November, compared to AED 1.9 billion in October, the Sharjah Real Estate Registration Department (SRERD) said Friday. Of these, 650 were sale transactions, constituting 23.1 percent, while mortgage transactions...

Dubai’s hotel inventory in October 2022 comprised 144,737 rooms at 790 hotel establishments compared with 122,185 rooms available at the end of October 2019.

“The UAE is Germany's most important trading partner in the region, with German exports to the UAE totalling US$8.4 billion in 2021. And for the year 2022 [first 9 months], Germany's imports from the UAE increased 67 percent year-on-year, already reaching US$1.3 billion,” adds Alexander Schönfelder.

The regional panel, during its fourth meeting in Riyadh, reviews the implementation of the strategic plan to improve educational institutions in the bloc and their needs.

         DUBAI, UAE -  Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed an MoU with Ras Al Khaimah Economic Zone (RAKEZ) to support the emirate’s path towards economic diversification by stimulating its non-oil foreign trade. The Memorandum of Understanding came as part of ECI’s effort to support Ras Al...

Dubai, UAE--– The central banks of Saudi Arabia, Bahrain, and Qatar increased their interest rates following the US Federal Reserve Board’s announcement today to raise the Interest on Reserve Balances (IORB) by 50 basis points. The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central...

Housing rents rose by 5.4 percent, bringing the overall housing, water, electric, gas, and other fuels increase to 4.7 percent.

ALTAWKILAT is one of the largest automotive distributors in Saudi, with over 75 years of experience.

According to CBUAE's figures, debt securities accounted for 49.5 percent of these investments, hitting $66 billion.

Dubai, UAE--The Dubai International Financial Centre (DIFC) Court has launched a new set of industry-first specialised rules for its recently formed Digital Economy Court (DEC) Division. A leading international judicial expertise Justice Michael Black of England & Wales has been recruited to oversee and operate the new court’s cutting-edge digital...

The Saudi Central Bank, known as Sama, the Central Bank of Bahrain and Qatar Central Bank upped their interest rates by 50 basis points.

The Palestinian govt has no money to support would-be entrepreneurs, environment for foreign investors is too risky and the Israeli occupation makes condition worse, say experts.

Dubai, UAE - Dubai South and Evocargo will launch UAE’s first autonomous vehicle trials for cargo at the master development’s Logistics District. Media reports said the move is a step towards Dubai’s ambition to become world’s smart mobility hub. The trials will see EVO.1, Evocargo’s unmanned electric logistics vehicle, navigate...

The two offshore jack-up rigs will be bought for $200 million.

Abu Dhabi, UAE--The UAE Jiu-Jitsu Federation and China’s Generations Fund have signed an agreement to promote the culture of Jiu-Jitsu in China. The agreement allows both parties to utilize Jiu-Jitsu in accelerating sporting cooperation between the UAE and China. The importance of the agreement stems from the fact that it...

The report cited recent economic indicators suggesting strong growth has been maintained in most activities.

Saudi Arabia's GDP witnesses 9.3 percent increase in the third quarter of this year as the rally in oil prices has fuelled economic growth across the Gulf region.

Sudan signed an initial US$6 billion deal led by United Arab Emirates' AD Ports Group and Invictus Investment to build a vast new Red Sea port and economic zone. "The massive project will give a strong boost to the national economy and will bring countless benefits for the country," said...

The bank's Fitch A ratings bonds were listed on Nasdaq Dubai.

ABU DHABI, UAE - Members of the Consultative Council of UAE's Financial Restructuring Committee (FRC) has met with experts from the World Bank Group (WBG). The meeting was held virtually and sought to discuss the latest updates on amendments to the bankruptcy law, which is being implemented as a joint...

ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which is the first of its kind in Egypt. The inauguration is part of the strategic partnership between the two countries in government modernization. The Emirati delegation which attended the inauguration...

While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital asset, Dubai's regulatory mechanism to oversee cryptocurrency entices big players to the city.

The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.

The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report.

The MoU will enable SMEs access to financing options.

SHARJAH, UAE - The Environment and Protected Areas Authority in Sharjah (EPAA) announced an increase in participation in the 11th session of the Sharjah Sustainability Award for 2022-2023. There were 485 entries from university students, colleges and government, private and foreign schools from different regions of the country, and youth...

Dubai, UAE---Dubai Multi Commodities Centre (DMCC), which is currently home to more than 50 gaming companies, has launched the DMCC Gaming Centre during the Dubai Esports Festival. The gaming companies in the DMCC range from game developers and producers to esports teams and tournament organizers. In a statement, DMCC said...

ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) said that the registration of insured individuals in the private sector with the authority is the first step towards receiving benefits as part of GPSSA’s social insurance system. This is in addition to benefits provided by the NAFIS...

The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.

The decision has been taken to support local production while the government continues to embrace open trade policy.

The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international environmental forums.

Dubai, UAE - The Arab world's first lunar rover successfully took off to space on Sunday. The UAE-built Rashid Rover is the first Emirati mission to the surface of the Moon. It lifted off on board a Space X Falcon 9 rocket from Space Launch Complex 40 at Cape Canaveral...

Dubai, UAE— The United Arab Emirates has been ranked as the country with the world's most powerful travel document. That is according to the latest publication of the Passport Index, a global ranking by Montreal-based citizenship financial advisory firm Arton Capital. The UAE has beaten the likes of Germany, Sweden,...

The apex bank "will continue to take all measures to ensure the maintenance of the integrity of the financial system and ensure the compatibility of all financial transactions in the UAE to the requirements guaranteed by the system of registered hawala brokers,” he adds.