The generous move from the Dubai property developer lifts the financial burden for residents in many of the city’s communities. This week, the UAE suffered its worst ever storm in its history as a …
Emaar announces free home repairs for damage caused by Dubai rains
Dubai property developer Emaar has announced it will repair damage to homes caused by heavy rain in Dubai free of charge. The announcement was made by Emaar’s founder Mohamed Alabbar, who said “Emaar …
Dubai gets year’s worth of rains in a day; authorities working ‘non-stop’ to drain flooded areas
Unprecedented rains in Dubai peaked at over 220mm in less than 24 hours, officials said Friday. That’s significantly more than a year’s worth of rains in the space of single day. It took more time to …
Dubai struggles to return to normality after devastating floods as cars remain submerged in water
Emergency workers tried to clear waterlogged roads and people assessed the damage to homes and businesses after a rare rainstorm swamped the United Arab Emirates.
What caused Dubai floods? Experts cite climate change, not cloud seeding
A storm hit the United Arab Emirates and Oman this week bringing record rainfall that flooded highways, inundated houses, grid-locked traffic and trapped people in their homes.
Warning Of “Weather Wars” Amid Debate Around Cloud Seeding And Dubai Rain
Several meteorological experts don’t agree with the theory that cloud seeding was responsible for Dubai rain, and the theory has caused a debate in the community.
UAE considers major tax incentive
UAE Ministry of Finance has launched a public consultation as it mulls a new R&D tax incentive scheme. The Ministry of Finance has announced the launch of a digital public consultation to gather the …
UAE fintech firm Fortis raises $20mln in Series A funding to fuel expansion
Fortis, the Dubai-based retail tech and fintech solutions firm, has secured $20 million in a Series A funding round, which will be used to fuel its expansion and forge new partnerships. According to …
Yas Island to Host the Funniest Star-studded Lineup at Abu Dhabi Comedy Week this May
Abu Dhabi Comedy Week is set to serve up huge laughs and non-stop entertainment, as the capital’s first-ever comedy fest …
xCube launches UAE’s first fully automated SLB service for retail investors
DUBAI, 19th April, 2024 (WAM) — xCube, a leading Dubai-based market-making and brokerage platform, has launched fully Automated Securities Lending and Borrowing (SLB)for retail investors, a …
UAE: MoF launches ‘digital public consultation’ on potential implementation of R&D Tax incentive
The consultation will be open from 19th April to 14th May 2024 with the aim to understand the scope of potential R&D activities undertaken by businesses and corporations in the UAE, what activities an …
UAE concludes 11th Comprehensive Economic Partnership Agreement amid trade expansion push
The UAE signed its 11th Comprehensive Economic Partnership Agreement on Friday as it continues to focus on boosting economic and trade ties with different countries. Arab world’s second-largest …
10 Must-Know Tips for Every Newcomers in Dubai
If you’ve recently moved to Dubai, welcome! You’re about to experience a place known for its tax-free salaries, consistent sunshine, and a wide range of activities. New data from Remitly ranks Dubai …
Abu Dhabi investor linked to swoop for Danish Ship Finance’s $5bn loan book
A report in Denmark has claimed Danish Ship Finance (DSF) is close to being sold to an Abu Dhabi state-owned investor. InsideBusiness named Mubadala Investment Company as the potential buyer of the …
Abu Dhabi Wealth Fund Hires Brookfield’s Thomas for Buyout Unit
Abu Dhabi Investment Authority hired Brookfield Asset Management’s Julian Thomas as a senior member of its private equity business, according to people familiar with the matter.
Abu Dhabi Arabic Language Centre extends submission deadline for second Sard Al Thahab Award to 31 May
This will give more potential candidates the opportunity to participate in the Award, which is inspired by the thought and poetry of the late Sheikh Zayed bin Sultan Al Nahyan, Founding Father of the …
Dubai’s Flood Nightmare: Artificial Rain Experiment Backfires
Heavy rains have wreaked havoc in Dubai, where former T-Ara member Soyeon now lives. Record-breaking downpours have flooded the streets and threatened to disrupt airport operations. Soyeon shared a …