Speculation mounts over reports that the UAE holds $40 billion in Bitcoin, raising questions about its plans for the massive reserve.
Sharjah approves historic $11.43bn budget for 2025
Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved a $11.43 billion (AED 42 billion) general budget, the largest in the emirate’s history.
Abu Dhabi sovereign investor Mubadala acquires majority stakes in GMSC, Al Ittihad Drug Store
Mubadala Investment Company, Abu Dhabi’s state investor, has acquired an 80% stake in Global Medical Supply Chain (GMSC) and Al Ittihad Drug Store (IDS) from GlobalOne Healthcare Holding (GHH).
Abu Dhabi’s Miral sets sustainability strategy for its LET initiatives
The immersive destinations and experiences company aims to develop the most sustainable leisure, entertainment and tourism experiences in the region …
Abu Dhabi Judicial Department announces ‘Nabd’ system to boost judicial performance and efficiency
The Abu Dhabi Judicial Department (ADJD) has unveiled its new “Nabd” system, a platform designed to provide an integrated and detailed overview of the judicial system’s performance. The system aims to …
Dubai to close Sheikh Zayed Road, other key routes on New Year’s Eve; timings announced
Those heading to the Downtown area and other popular locations are urged to start their trips early or use public transport …
Dubai’s Plastic Ban: Big Changes Coming to Takeaways in 2025
Plastic straws, cups, and stirrers are officially out in Dubai starting January 1, 2025. As part of its ongoing sustainability mission, the emirate is stepping up its fight against single-use plastics …
Dubai to host first ever World Congress of Neurosurgery in the Middle East
Dubai is set to host the 19th World Congress of Neurosurgery in 2025, bringing one of the most prestigious congresses in the medical field to the middle east for the first time. The awarding of the …
Jumeirah unveils reimagined sanctuaries in Dubai and Bali
Discover thoughtfully designed villas and suites that combine personalised luxury with rich cultural heritage across Jumeirah’s world-class properties in Dubai and Bali …
UAE Ministry of Finance makes major amendments to Ministerial Decisions
Announcements relate to Tax Groups and Participation and Foreign Permanent Establishment Exemptions and aim to enhance compliance …
UAE corporate tax: FTA urges businesses to register before December 31 deadline to avoid penalties
The FTA noted that Cabinet Decision No. 75 of 2023 imposes Administrative Penalties on Taxable Persons who fail to register within the specified timelines …
The Board of Directors of the UAE Banks Federation confirms sector’s strength & ability to continue growing in 2025
The Board of Directors of the UAE Banks Federation (the sole representative and unified voice of UAE banks) held its last regular meeting for 2024 under the chairmanship of His Excellency Abdul Aziz …
UAE Central Bank keeps 2024 GDP growth forecast at 4%
The Central Bank of the UAE (CBUAE) maintained its real GDP growth projections for 2024 at 4.0 per cent, accelerating to 4.5 and 5.5 per cent in 2025 and 2026, respectively.
Saturday is movie night at Louvre Abu Dhabi this January
Art inspired by art… If you’ve been keeping up with the best of art and culture in the capital via What’s On, you’ll have noticed we bring you all that’s good, and new, at Louvre Abu Dhabi. Now come …
Dubai Faces Sharp Rent Hikes Due To Apartment Shortage
The Dubai property market is grappling with a shortage of luxury apartments, causing rental prices for high-end properties to skyrocket. Real estate experts attribute this trend to a surge in demand f …
Masdar announces two major deals in Spain’s Iberian Peninsula
The UAE clean energy company acquires Saeta and enters into a partnership with Endesa that includes 49.99% stake …
Dubai’s JLT to get its first service station
The new service station will be equipped with the latest sustainable technology and will span a 50,187 ft² plot, with a built-up area of 5,920 ft² …