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Month: May 2025

Posted on 30/05/2025

Fitch: Dubai property prices to drop but issuers have rating buffers

Dubai residential real estate prices will face a moderate correction in 2H25-2026 after peaking this year, Fitch Ratings says in new report. But we expect prices will not fall more than 15% with banks …

Posted on 30/05/2025

DEWA and German Delegation Discuss Green Hydrogen and Clean Energy Cooperation

Dubai Electricity and Water Authority (DEWA) hosted a high-level German delegation led by HE Sybille Pfaff, Consul General of Germany in Dubai, to explore partnerships in renewable energy and green …

Posted on 30/05/2025

Game-Changing UAE Platforms Powering Business, Innovation & Growth

The United Arab Emirates has rapidly positioned itself as a global hub for innovation, entrepreneurship, and digital transformation. With its strategic location, progressive economic policies, and …

Posted on 30/05/2025

UAE’s Tabreed, CVC in exclusive talks to buy Multiply unit, sources say

DUBAI – Engie-backed National Central Cooling, known as Tabreed, and CVC are in exclusive talks to buy Abu Dhabi-based Multiply Group’s district cooling business in a deal expected to value the unit …

Posted on 30/05/2025

Sharjah honours four Jordanian writers in Amman Forum

Under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, the 22nd edition of the Sharjah Cultural Honours Forum was launched in the …

Posted on 30/05/2025

Sharjah resumes China roadshow to boost tourism recovery

The Sharjah Commerce and Tourism Development Authority (SCTDA) staged a roadshow in Shanghai, Guangzhou and Hong Kong last week to attract more visitors and encourage longer stays.

Posted on 30/05/2025

90% Traffic Fine Discount? Abu Dhabi Police Warn of Scams

Abu Dhabi Police have issued a clear warning about fake social media accounts and websites claiming to offer huge discounts—up to 90%—on traffic fines. These accounts also falsely promise cancellation …

Posted on 30/05/2025

A super cool chess and jazz night is coming to the Louvre Abu Dhabi

Tucked away in the heart of Louvre Abu Dhabi (yes, that Louvre), Marta is hosting the final Chess Night of the season and it’s shaping up to be the most sophisticated soirée in the capital. Think: …

Posted on 30/05/2025

Exclusive: UAE’s Tabreed, CVC in exclusive talks to buy Multiply unit, sources say

Engie-backed National Central Cooling , known as Tabreed, and CVC are in exclusive talks to buy Abu Dhabi-based Multiply Group’s district cooling business in a deal expected to value the unit at more …

Posted on 30/05/2025

Passengers left roasting on Dubai runway as ‘baking’ British Airways plane malfunctioned

Passengers on a British Airways flight were left sweltering inside the cabin for two hours after the air conditioning failed before takeoff in Dubai. Flight BA104 was set to fly seven hours from Dubai …

Posted on 30/05/2025

UAE finfluencer licensing brings ‘long overdue accountability’ to social media investment advice, experts say

The UAE’s ‘finfluencer’ licensing system combats social media investment scams, with groundbreaking rules requiring anyone with just 1,000 followers who gives financial advice to register with regulat …

Posted on 30/05/2025

United Arab Bank Partners with Emirates Face Recognition to Launch Facial Authentication for Mobile Banking

United Arab Bank (UAB) has entered into a strategic partnership with Emirates Face Recognition (EFR) to integrate facial recognition technology into its mobile banking platform. The agreement, signed …

Posted on 30/05/2025

UAE: Cashless tips for blue-collar workers? Students unveil digital wallet; no bank account needed

The app, which is still in its prototype stage, was developed by winning team in the ‘Company of the Year Award — University Track’ at the 16th annual Injaz UAE Young Entrepreneurs Competition …

Posted on 30/05/2025

SWIFT User Group’s AGM supports digital transformation, enhancing UAE’s position as financial and trade hub

During the meeting, members approved the minutes of the 2024 Annual General Meeting and the audited financial statements for 2024 …

Posted on 30/05/2025

5 of the best restaurants in Dubai this weekend: May 30 to June 1

No plans? You do now… Outside is cancelled ‘til further notice, but Dubai is in its glow-up era anyway. The temps are rising, but so is the lineup – which makes these 5 of the best restaurants in …

Posted on 30/05/2025

Dubai: New mall opens in Al Khawaneej with latest Union Coop

Union Coop has officially inaugurated its latest project, ‘Al Khawaneej Mall’ in Al Khawaneej 2, Dubai. Spread over approximately 70,000 sqft, the new mall features a hypermarket, a diverse range of …

Posted on 30/05/2025

Apparel Group celebrates the grand reopening of ALDO’s flagship store at Dubai Mall

The reopening marks a strategic milestone in Apparel Group’s continued investment in brand elevation and experiential retail …

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