The United Arab Emirates (UAE) is projected to achieve a financial surplus of 5.7% of its Gross Domestic Product (GDP) in 2023, according to a recent report by the International Monetary Fund (IMF).
Dubai’s super-rich set to surge 78% in 10 years
Dubai is among the top 10 global cities that are poised to record the highest growth in its centi-millionaire or super-wealthy population (those worth $100 million or more) in the next decade. With …
RTA and Cruise begin supervised autonomous testing on Dubai roads
Dubai’s Roads and Transport Authority (RTA) and Cruise, a self-driving technology company, began supervised testing of Chevrolet Bolt-based autonomous vehicles in Jumeirah 1 area. This testing of the …
Dubai: Run for a chance to win Dh21,100 in first-ever Nakheel Palm Run announced
The iconic Palm Jumeirah is set to host thousands of runners as they hit the streets for the inaugural Nakheel Palm Run 2023, as revealed by Dubai’s property developer on Thursday. The Nakheel Palm …
UAE’s Historic ‘Hope Probe’ Embarks on Groundbreaking Mars Mission: A Triumph for Arab World’s Space Exploration
With its Mars 2117 strategy, the UAE aims to establish the first inhabitable human settlement on Mars by 2117. This ambitious vision serves to inspire future generations in the Arab world to pursue …
UAE’s PolicyBazaar Chief Gupta among speakers at GITEX Technology Week
Neeraj Gupta, PolicyBazaar UAE CEO, will be among some of the key speakers at the GITEX Technology Week, the company said. Gupta will be speaking on topics on the future of finance and the impact that …
30% of UAE’s gems, jewellery sourced from India: Export Promotion Council
The gem and jewellery trade between India and UAE has grown significantly, particularly following the India-UAE CEPA agreement, and about 30 per cent of the total gems and jewellery imported by the …
Abu Dhabi Customs participates in GITEX Global 2023
The General Administration of Abu Dhabi Customs is participating under the slogan “We Shape Tomorrow’s Customs with Today’s Innovations” in GITEX Global 2023, which will be held at Dubai World Trade …
Crown Prince of Abu Dhabi Inaugurates New Security Projects: An Emphasis on Innovation and Safety
In a significant move towards enhancing the security and safety of the Emirate, Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, recently inaugurated a series of initiatives at the Abu …
Dubai Chamber of Digital Economy unveils global entrepreneur’s guide
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has published a comprehensive guide …
MGM CEO Expects 4 UAE Casinos Will Be Allowed, Begins Building in Dubai
The CEO of MGM Resorts has shared his prediction that the UAE could greenlight up to four casinos, including one in his own development.
DFSA fines former chief financial officer of Equitativa and Emirates Reit $33,220
The Dubai Financial Services Authority, the regulator of the Dubai International Financial Centre, has imposed a fine of $33,220 on the former chief financial officer of Equitativa and Emirates Reit …
Dubai: Ex-CFO fined Dh122,000 over misleading financial statements
As a finance officer of a company, he failed to take reasonable steps to ensure accurate information was reported to auditors …
National Bank of Fujairah leads discussions on financing the evolving energy industry
Dubai:- The National Bank of Fujairah (NBF) this week sponsored and participated in the 11th Energy Markets Forum in Fujairah. Held under the patronage of His Highness Sheikh Hamad bin Mohammed Al …
Dubai Customs Thwarts Major Narcotic Smuggling Attempt at Jebel Ali Port
It was a victory for security and a blow to the dark underbelly of illicit trade when Dubai Customs officers successfully intercepted a commercial shipment containing over 300,000 tablets with …
The Impact of Expo 2020 on Dubai’s Property Market
Dubai, often dubbed the “City of Gold,” has garnered international acclaim for its cutting-edge architecture, luxury living, and thriving real estate market. The impending Expo 2020, a global …
Dubai to reveal star-rating of every fitness centre as gym visits conclude
Dubai will give a star rating to every fitness centre in the city, after concluding visits to facilities to review gyms and sports clubs. Fitness centres will be rated out of five for cleanliness, …