Smart Dubai and the Mohammed Bin Rashid University of Medicine and Health Sciences (MBRU) developed a novel epidemiological model to predict COVID-19 sp …
Eid 2021: Dubai hotels’ occupancy reaching full capacity
Dubai hotels are witnessing nearly full occupancy levels during Eid Al Fitr, thanks to strong demand for staycations as well as inflow of foreign tourists, especially from Europe and Arab …
Regulatory push in the UAE to make cryptos and tokens viable financial vehicles
The Dubai Financial Services Authority (DFSA), have in late March 2021, enacted a 30-day window for public comments on security token regulations, as part of efforts to create a standardized framework …
UAE economy performs ‘better than expected’ throughout year marked by coronavirus
Latest figures reveal country’s GDP and non-oil GDP declined by 6.1 percent and 6.2 percent, respectively, in 2020 …
UAE’s Non-Oil Economy Contracted First Since 2011 Last Year
The United Arab Emirates’ non-oil economy shrank 6.2% last year on lower oil prices and the coronavirus pandemic, the first contraction since 2011 at least, according to preliminary government data.
UAE weather heats up; likely to cross 40°C this month
The UAE will experience a gradual increase in daytime during the month of May, which will lead to a gradual increase of air temperature over most parts of the country, according to weather forecasters …
Sharjah’s real estate deals in Q1 surge to $1.82bn
Sharjah’s real estate sector witnessed transactions valued at AED6.7 billion ($1.82 billion) during the first three months of 2021, registering a growth rate of 84.9 per cent, compared to the first …
Abu Dhabi Ports issues $1bn 10-year bond
Abu Dhabi Ports has issued $1bn 10 year bonds under its recently established Euro Medium Term Note Programme, which will be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities …
UAE strongly condemns terror attack in Afghanistan
The ministry expressed its sincere condolences to the families of the victims and wished the injured a speedy recovery.
UAE: Analysts bullish on gold, seeing touching $1,800 this week
Analysts are bullish about the gold prices this week due to China’s buying prowess and reduced upward pressure on US Treasury yields. Vijay Valecha, chief investment officer, Century Financial, said …
UAE’s TAQA Group completes $1.5b 7-year and 30-year dual-tranche bond offering
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utility companies in the EMEA region, announced the placement of $1.5 billion in 7-year and 30-year dual-tranche senior …
How UAE’s Emirates Lunar Mission is preparing full steam to send Rashid to the moon
Ambitious base station planned on the moon to explore possibilities of human settlement UAE: ‘My bank changed their credit card cashback rewards from 5 to 0.25 per cent, why wasn’t I informed?’ Dubai: …
Dubai Police warn against illegal fireworks sale during Ramadan, Eid
Trading in fireworks without licence can lead to imprisonment, Dh100,000 fine Dubai: Dubai Police have warned community members against the dangers of buying and selling illegal fireworks during …
Dubai: City-bred filmmaker on award-winning short film
Aastha Verma hopes to engage viewers with relatable stories, like her women-empowering short film ‘The Last Rights’. Young filmmaker Aastha …
Dubai AA9: World’s second most expensive car number plate sold for Dh38 million
The auction gave bidders the opportunity to own the prestigious single-digit car plate, AA9, and three double-digit car plates: U31, T38, and E51.
Abu Dhabi’s Etihad Airways to stop operating 777’s by end-2021
Etihad Airways will stop operating Boeing 777-300ER jets before the end of 2021 in line with its new operating model that targets to return the carrier to profit by 2023. The airline’s chief executive …
UAE economy on track towards recovery in 2021
Dubai: The UAE economy performed better than expected in 2020 despite the current global challenges brought about by the COVID-19 pandemic, said Abdulla Bin Touq Al Marri, UAE Minister of Economy, …