Mortgage transaction volumes saw a massive increase in Dubai— reaching nearly 14-month high — despite relatively high interest rates in the UAE even as demand for local property stayed strong.
DEWA renames its Innovation Centre ‘Sustainability and Innovation Centre’
Dubai, UAE: Dubai Electricity and Water Authority (DEWA … The Sustainability and Innovation Centre at the Mohammed bin Rashid Al Maktoum Solar Park is a global incubator for innovation in various …
Akasa Air to add 200 aircraft to its fleet over next eight years, to commence flights to Abu Dhabi on THIS date
As of now, Akasa Air has over 4,000 employees. Dube also said that the Akasa Air flies to Doha and Riyadh in the international segment and will be commencing services to Abu Dhabi from July 11.The …
UAE economy set for more growth in the second half of this year
He commended the UAE government’s proactive measures, such as stimulus packages, foreign investment incentives, and efforts to improve business ease, amid global economic challenges. In a statement to …
UAE cracks down on counterfeit: 620 violations recorded since the start of 2023
This initiative will foster a competitive climate for business establishment, enhance the flexibility of economic and commercial activities, and support the consolidation of the UAE’s position as a …
New move to attract Dh650b of foreign direct investments to Dubai by 2033
New Dubai Economic Model to measure Dubai’s development against its economic targets Abu Dhabi: A new Foreign Direct Investment Development Programme was approved to attract Dh650 billion of …
Sharjah: Residents evacuated after fire breaks out in residential building
A fire broke out in a residential tower on Jamal Abdul Nasir Street in Sharjah on Sunday afternoon. The entire building was quickly evacuated as several civil defence, ambulance, and police teams …
Tenants flee Sharjah apartment block fire
Residents abandoned their Sharjah apartment block on Sunday after a fire swept through the 12-storey building. The blaze is understood to have broke out at about 1pm on the fifth floor of the building …
Dubai real estate to see steady growth as more serious buyers invest in local markets
Follow KT on WhatsApp Channels. Experts in the industry say that property market has moved beyond the boom-bust cycles as it has now become a more mature and regulated sector. “Dubai’s real estate …
Dubai real estate to see steady growth as more serious buyers invest in local markets
Follow KT on WhatsApp Channels. Experts in the industry say that property market has moved beyond the boom-bust cycles as it has now become a more mature and regulated sector. “Dubai’s real estate …
Gold prices in Dubai Today Sunday, June 30, 2024
ALBAWABA – Gold prices in Dubai, the United Arab Emirates (UAE … noting that gold in the UAE is subject to a 5% value-added tax (VAT).
Dubai: Drugs worth millions seized, smuggling attempt foiled using latest technology
To keep the country free from the scourge of illicit drugs, Dubai Customs announced 1,273 seizures at land, sea and air borders, using drones and other latest technologies that shorten inspection time …
DIFC Square breaks ground on near 1mln sq.ft. development to meet growing demand for high-quality office spaces
Dubai, UAE: Dubai International Financial Centre (DIFC), the … Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture …
Abu Dhabi’s social media influencer licence deadline explained
Starting from July 1, the Abu Dhabi Department of Economic Development (ADDED) has mandated that all businesses and social media influencers must obtain appropriate licences to participate in …
Dubai Customs seize 1,274 drug shipments in past year, including heroin, marijuana, Captagon and $310m Meth shipment
Dubai Customs has announced 1,273 drug seizures at land, sea and air border ports across the emirate. As part of the International Day Against Drug Abuse and Illicit Trafficking, Dubai Customs …
UAE announces fuel prices for July 2024: Petrol prices decrease, diesel slightly up
which is chaired by the UAE’s Ministry of Energy. This committee includes representatives from the energy and finance ministries and the CEOs of Adnoc Distribution and Emirates National Oil Company.
TrueLayer: Fintech unicorn boss says ‘scale is everything’ as he takes on Visa and Mastercard
The chief executive of fintech unicorn TrueLayer has suggested bottom-line profitability … “The funding environment is way tighter than what it used to be, so clearly the ability of companies to …