Residential property prices in Dubai are closing in on records, despite mortgage rates hovering at the highest levels in two decades. Average annual rents for villas have surged to nearly $88,500, as …
Dubai Chambers meets with leading exporters to discuss key challenges and explore proposed solutions
Dubai Chambers has launched the Exporters Roundtable, a new initiative designed to support exporting companies in the emirate in expanding the international reach of their products and services.The …
Dubai airport passenger numbers top pre-pandemic levels in 2023
Dubai International Airport (DXB), the world’s busiest international hub, registered a 31.7% increase in passenger traffic last year to 86.9 million, surpassing pre-pandemic levels, operator Dubai …
UAE Innovates 2024: Federal Tax Authority signs agreement with 01GOV Platform to expand use of its Tax 10 platform
Dubai, UAE – As part of its agenda for the ‘UAE Innovates 2024’ initiative, held throughout the month of February, the Federal Tax Authority (FTA) signed a collaboration agreement with the 01GOV …
UAE’s AD Ports Expects Prolonged Price Pressure from Red Sea Tension
Last year ended with renewed supply chain pressures caused by geopolitical tensions in the Middle East and the resulting Red Sea disruptions’.
New Dubai taxi firm targets millionaires with member-only service to compete with Emirates First Class
As high-net-worth individuals continue to flock to Dubai, a new chauffeur-for-hire service has launched in the city, aiming to be the transportation equivalent of Emirates First Class. WHEELY, a Swiss …
Why the UAE’s gratuity system has corporate tax implications
We are at an interesting juncture in the UAE regarding the employment separation of companies and their employees, either by choice, termination or retirement. The labour law has long demanded that a …
IFZA announces partnership with the German Federal Association for SME’s (BVMW) and will open a representative office in Dubai
Strengthening Dubai-German economic cooperation, the opening of the BVMW office in Dubai will create great opportunities for BVMW members to connect with potential partners in Dubai and across the reg …
Royal Family of Abu Dhabi makes strategic investment in Beyoung, to expand domestic and global presence
“Coming from a small town, we understand the importance of reaching out to diverse regions. Partnering with the Abu Dhabi royal family opens doors not only to the GCC and MENA regions but also paves …
Revealed: UAE real estate sector seeing massive upsurge in women investments with $25bn recorded in 2023
Emirati, South Asian and Far East Asian investors are leading the table of women buyers in the Emirates’ real estate market with a whopping 53.9 percent jump from 2022 …
Uncovered: The rise of higher-than-high-end properties in Dubai
The influx of wealthy visitors has also fueled Dubai’s reputation as a premier destination for business and leisure, attracting high-profile events, conferences, and luxury brands. This has not only …
UAE-Based teams clutch the top positions at the Dubai Duty Free SB20 World Championships Day 2024 with Team Kidzink winning the overall title
The Dubai Duty Free SB20 Triple Sailing Championships came to an end after the grand finale of SB20 World Championships wit …
UAE non-oil foreign trade of goods and services surpassed $952.93bln in 2023 for first time: Sheikh Mohammed
The record growth of the country’s non-oil foreign trade coincided with a continuous increase in the value of non-oil exports in 2023, exceeding $120billion …
Dubai set for largest Gulfood edition; attracts 5,500 top firms
We look forward to welcoming the F&B world as we inspire the future food economy,” remarked Trixie LohMirmand, Executive Vice-President, Dubai World Trade Centre … building regenerative/circular …
Sharjah Museums Authority opens ‘Art of Architectural Ornamentations in Emirate of Sharjah’ Photography Exhibition
The Sharjah Museums Authority (SMA) announces the opening of its latest exhibition, “The Art of Architectural Ornamentations in the Emirate of Sharjah – A Photography Exhibition,” hosted at Bait Al …
UAE non-oil trade expands to a record Dhs3.5tn in 2023
The UAE has initiated a raft of bilateral trade, investment and cooperation deals with several fast-growing economies.
Mohammed bin Rashid: The UAE non-oil foreign trade of goods and services surpassed AED3.5trln in 2023 for the first time in our history
His Highness Sheikh Mohammed bin Rashid said: “Today we announce that the UAE non-oil foreign trade of goods and services, surpassed AED3.5 trillion in 2023 for the first time in the country’s …