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Month: June 2024

Posted on 13/06/2024

Dubai Land Department partners with Danube Properties to empower national brokers

The partnership aims to bolster the onboarding of new UAE national brokers into the vibrant real estate community and strengthen Emiratisation within the industry …

Posted on 13/06/2024

Hurricane Winds Can Destroy Solar Panels, But Developers Are Working to Fortify Them

However, hurricanes also pose a different issue to solar infrastructure that designers are going to be hard-pressed to solve: a lack of sun. At their peak, extreme storms can create clouds that are …

Posted on 13/06/2024

18 UAE mega projects that will change the world in the next 100 years

AI, robot taxis and a colony on Mars… The pace of the UAE’s rise to prominence on the world stage is impressive by any measure. It was a feat made possible, at least in part, by the clarity of vision …

Posted on 13/06/2024

Dubai, Australia to strengthen economic and investment ties

Dubai Chambers has signed a Memorandum of Understanding (MoU) with the Australian Chamber of Commerce and Industry (ACCI) …

Posted on 13/06/2024

DIFC boss predicts UAE and Saudi IPO boom in 2024

The CEO of Dubai International Financial Centre (DIFC), Arif Amiri, has anticipated a major economic boost in 2024, supported by several upcoming government Initial Public Offerings (IPOs) both in the …

Posted on 13/06/2024

Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024

The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).The …

Posted on 13/06/2024

Aggregate capital, reserves of UAE-based banks hit AED476.6 billion at end of March 2024

The aggregate capital and reserves of banks operating in the UAE reached AED476.6 billion at the end of March 2024, according to the latest statistics from the Central Bank of the UAE (CBUAE).The …

Posted on 13/06/2024

UAE Central Bank upholds base interest rate after US Federal Reserve decision

On Wednesday, the Central bank of the United Arab Emirates (UAE) announced its decision to keep the “base rate” on overnight deposit facilities steady at 5.40 percent. This decision mirrors the recent …

Posted on 13/06/2024

Brookfield eyes $5 billion for UAE-backed climate fund

Brookfield Asset Management is looking to raise $5 billion for a fund backed by the United Arab Emirates (UAE) that aims to scale up climate finance in emerging markets, the Canadian company said on …

Posted on 13/06/2024

Dubai Courts Implement New Mechanism to Facilitate Travel for Custodians and Their Wards

Dubai Courts have introduced a new travel mechanism within the Personal Status Enforcement Department, designed to streamline the process for custodians and their wards to obtain travel permits for leaving the country. Salem Mohammed Al Mesfari …

Posted on 13/06/2024

Dubai student gets surprise reward from police for returning wallet with cash

A young boy in Dubai was having an ordinary day at school when the police came to surprise him with a brief recognition ceremony. Ahmad Saleh Ali Muhammad, a student of Omar Bin Al Khattab School, was honoured after handing over a wallet with a sum of money to the police.

Posted on 13/06/2024

Dubai Launches ‘One Million Prompters’- AI Prompt Engineering Training Initiative

Dubai is emerging as a prominent global hub for AI. In a pioneering initiative, the Gulf metropolis has committed to training one million individuals in AI skills over the next three years, marking …

Posted on 13/06/2024

Dubai Police Integrates AI into 29 Administrative Operations

The Dubai Police General Command has integrated artificial intelligence (AI) systems into 29 administrative operations across various departments. This move aims to optimize time and effort for both …

Posted on 13/06/2024

Dubai South Properties sells out the final phase of South Bay in four hours

South Bay comprises over 800 spacious villas and townhouses, and over 200 luxurious waterfront mansions developed across six phases.

Posted on 13/06/2024

InfraX Partners with Nokia to Pioneer Cutting-Edge Networking Solutions in the UAE

InfraX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), signed a Memorandum of Understanding (MoU) with Nokia, a B2B technology innovation leader. The …

Posted on 13/06/2024

Dubai Police Integrates AI into 29 Administrative Operations

The Dubai Police General Command has integrated artificial intelligence (AI) systems into 29 administrative operations across various departments. This move aims to optimize time and effort for both …

Posted on 13/06/2024

InfraX Partners with Nokia to Pioneer Cutting-Edge Networking Solutions in the UAE

InfraX, a subsidiary of Digital DEWA, the digital arm of Dubai Electricity and Water Authority (PJSC), signed a Memorandum of Understanding (MoU) with Nokia, a B2B technology innovation leader. The …

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