Dubai’s short-term rental sector is being reshaped by cutting-edge proptech. From AI-driven guest personalization and immersive VR tours to smart home automation and sustainable energy solutions, technology is enhancing guest satisfaction and owner efficiency. With its strong digital infrastructure and appetite for innovation, Dubai is poised to lead the global...
UAE, Uzbekistan sign agreement to implement humanitarian projects
Completion of work on a women and children's hospital in the Uzbek city Nukus part of the agreement A committee to be established under this deal will review its implementation and issues raised by the parties The UAE has signed a bilateral agreement with the Republic of...
Mubadala invests GBP ₤350m in IVC Evidensia
IVC Evidensia is Europe’s largest veterinary-care provider It operates more than 1,500 veterinary clinics and hospitals in 12 countries across Europe UK-based pet-care provider IVC Evidensia will see an influx of ₤350 million from the UAE-based Mubadala Investment Company by way of investment, the latter announced on Sunday, May...
Popular cricket tournament IPL to be played in UAE
IPL has an estimated brand value of $6.7 billion
Occupancy 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...
Alpha Dhabi Holding acquires key UAE hospitality group
Murban is a leading investment company based in Abu Dhabi with Dh1.7 billion in equity The acquisition will help accelerate Alpha Dhabi’s diversification strategy Alpha Dhabi Holding, one of the fastest-growing construction companies in the region and a subsidiary of IHC, said it has fully acquired Murban, a privately-owned company....
UAE ranks high on global govt development indices
The first globally on the Absence of Bureaucracy Index The second globally on the Adaptability of Government Policy Index The UAE government succeeded in advancing its global rankings to be one of the best in government development indices. Most notably, the UAE ranked first globally on the Absence of Bureaucracy...Approach tax authority to redress problem, UAE tells penalized defaulters
UAE tax authorities have assured penalized tax-law violators that they can apply to have the penalty reduced or exempted To get this done, applicants must provide a proper “excuse,” bolstered by evidence The United Arab Emirates’ Federal Tax Authority said in a statement on Wednesday, May 26, that individuals...
Telal Gents Fashion achieves Guinness World Record for largest mobile clothing store
UAE-based Telal Gents Fashion has set a Guinness World Record for the largest mobile clothing store The company converted a fleet of buses into custom-made replicas of its stores, with a total area of 24.47 square meters Guinness World Records has recognized UAE-based apparel firm Telal Gents Fashion as...UAE will only allow residents vaccinated against Covid-19 to attend functions
Residents have also to produce a negative Covid test within 48 hours The UAE has administered over 12 million doses of the vaccine According to a new health directive from the UAE Health Sector only people vaccinated against Covid-19 would be allowed to attend “events and activities, held in...
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...
Amazon Warehouse launches in the UAE, delivers up to 60% discounts
All Amazon Warehouse products are backed by a 15-day return policy Prime members in the UAE can get their Amazon Warehouse items on the same day Amazon.ae today announced the launch of Amazon Warehouse for customers in the UAE, offering great savings on thousands of quality pre-owned and open...Digital transformation boosts data economy growth in UAE: Report
Data economy on track to become one of the largest economic sectors globally The report suggests stepping up collaboration among various stakeholders to improve data quality A new report titled New Data Economy, published by Dubai Future Foundation (DFF) in collaboration with Dubai Economy, has claimed that several data-enabled innovative...UAE to curb terror financing, money laundering in gold trading businesses
The companies were asked to speed up the amendment of their conditions to avoid penalties stipulated by the Federal Law The measures could lead to suspension of the license or closure of the facility itself The UAE Ministry of Economy (MoE) has called on establishments belonging to the Designated Non-Financial...
UAE offers to mediate between Israel, Palestine
Egypt has been instrumental in a recent Israel-Palestine ceasefire in the region The UAE has said the "Abraham Accords" would benefit the Palestinians Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan was quoted by state media as saying on Sunday that the United Arab Emirates is ready to facilitate...
UAE minister continues visits aimed at cutting carbon footprint
*Visits also aimed at highlighting examples of successful ventures * EGA has invested $1 billion in environmental technologies since 2010 Dr Abdullah Belhaif Al Nuaimi, United Arab Emirates cabinet member and minister of climate change and environment, on Sunday toured Emirates Global Aluminium’s site in Dubai, as part of a...
Double Taxation Agreement between UAE, Jamaica
The agreement will foster cooperation between the tax authorities in the UAE and Jamaica Objectives of the bilateral tax agreement are to provide full protection of taxpayers against double taxation Jamaica's Cabinet has given approval for the Double Taxation Agreement between the United Arab Emirates (UAE) and Jamaica. The agreement...
UAE to provide low cost, low carbon energy as global demand grows
The UAE has three of the largest and lowest-cost solar projects in the world The country is taking the lead in sustainable agricultural practices, the minister Dr Al Jaber said The UAE Minister of Industry and Advanced Technology and Special Envoy for Climate Change Dr. Sultan Ahmed Al Jaber said...
MENA: Saudi Arabia was top FDI destination in 2020
Saudi Arabia received $10.4 billion in investment FDI projects in the kingdom fell by 49 percent to 73 Amid all the doom and gloom brought on by the outbreak of coronavirus that badly hit the economies around the world, Saudi Arabia received a big boost to its economy last year...
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...
New standardization, metrology legislation to drive UAE’s industrial sector: Sultan Al Jaber
New UAE standardization and metrology legislation will boost its industrial sector and national economy The standardization regulations will create an attractive atmosphere for local and international investors Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, has stated that the standardization and metrology system is an...
New distribution company to help Sharjah publishers reach global markets
New publishing company under the Emirates Publishers Association being set up The company will operate from the EPA headquarters near Expo Centre Sharjah Sharjah ruler Sheikh Sultan bin Muhammad Al Qasimi on Thursday, May 20, ordered the setting up of a new publishing company under the aegis of the Emirates...
Covid-19: Big MENA economies’ benchmark lending rates rise at snail’s pace
69 of the 82 countries tracked by CEIC data see the lending rates fall Saudi Arabia, UAE witness rise in rates by 0.8 and 0.3 bps Benchmark lending rates — the basic rates set by central banks in countries for banking institutions to follow — rose at a much slower...Part II: Competitiveness: UAE tops leading economies including Canada, Norway
The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate...Competitiveness: UAE tops leading economies including Canada, Norway
The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate...
Tech-tonic shift; AI taking the Middle East region by storm
Artificial intelligence (AI), undisputedly the best technological gift of the digital age, together with Internet of Things, blockchain and data analytics is fueling the Fourth Industrial Revolution around the world. And, the Middle East and North Africa nations, especially those in the Gulf Cooperation Council (GCC), have occupied a pioneering...Despite volatility, GCC healthcare industry witnesses good run
Private healthcare in the Gulf Cooperation Council (GCC) region, estimated at $62 billion in 2016, is forecasted to expand 8.7 percent annually, to reach $94 billion in 2021, according to MENA Research Partners (MRP), a leading research company in the region. Saudi Arabia and the UAE together represent more than...
Will Kingdom Holding’s shares look up this week?
Saudi Arabia’s billionaire Prince Alwaleed bin Talal, who was freed from nearly three-month detention on Saturday in Riyadh, is expected to return to his normal life at the earliest. Chairman of Riyadh-based Kingdom Holding Co. Alwaleed, who also owns stakes in Citigroup Inc., Twitter and the ride-hailing service Careem, will stay...
