Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, has approved a Dh85.4bn community master plan to build 76,000 homes and residential plots for citizens in the capital over the next five years.
Sharjah’s economy grew 5.2% in 2022 on the back of economic diversification efforts
Sharjah’s gross domestic product grew by 5.2 per cent last year, driven by economic diversification efforts that are aligned with the emirate’s development strategy. The emirate registered Dh136.9 …
Sharjah real estate: $763m of property deals in April
The Sharjah real estate sector recorded AED2.8bn of transactions in April according to the Real Estate Transactions Movement Report, issued by Sharjah Real Estate Registration Department (SRERD). The …
Invest in Sharjah turns spotlight on emirate’s advancements across sectors
T he Sharjah FDI Office (Invest in Sharjah) has emphasised to businesses, countries and regions represented at the 12th Annual Investment Meeting (AIM) that with impressive advancements in diversity, …
Over 50 political prisoners held in UAE past their jail terms: activists
More than 50 people sentenced for plotting to overthrow the United Arab Emirates government are being held months and years after their jail terms have ended, family members and rights activists said …
Cascading demand driving rise in Abu Dhabi residential transactions
In contrast, villa values showed signs of moderation after rising for six consecutive months, resulting in an annual rate of change of 1.2 per cent, according to the latest Abu Dhabi Residential …
Middle East far ahead of Africa in 5G, says new Nokia MEA report
Mobile Broadband Index research report is out. It confirms that the Middle East is far ahead of Africa in terms of 5G adoption, and that many operators in Africa are still developing their business …
UAE spacecraft plans to explore seven asteroids in 3.6bn km mission
University of Colorado Boulder is working with the UAE Space Agency to make this mission possible, as they did with the Emirates Mars Mission. “The mission is an exploration that will fly though the …
Novogratz’s Galaxy Digital Turns Profitable on Crypto Markets Rebound
Michael Novogratz, the founder of crypto financial services firm Galaxy Digital Holdings Ltd., said his company is moving more operations offshore in part due to the regulatory environment in the US.
Invest in Sharjah turns spotlight on emirate’s impressive advancements
The Sharjah FDI Office (Invest in Sharjah) has emphasised to businesses, countries and regions represented at the 12th Annual Investment Meeting (AIM) …
Abu Dhabi allots Dhs85.4 billion to develop integrated residential neighbourhoods
Under the directives of Mohamed Bin Zayed, in his capacity as ruler of Abu Dhabi, Khaled Bin Mohamed Bin Zayed approves budget of Dhs85.4 billion to develop integrated residential neighbourhoods …
UAE cancels Airbus H225M helicopters deal, Breaking Defense reports
The United Arab Emirates has pulled out of a 2021 deal with Airbus to procure a dozen H225M Caracal multirole helicopters for about 800 million euros ($880.6 million), Breaking Defense magazine …
Dubai ideal for financial firms to advance growth
Sheikh Maktoum Bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and President of Dubai International Financial Centre (DIFC), …
Dubai non-oil sector surges to 8-month high in April
“A surge in sales momentum in the travel and tourism and wholesale and retail sectors helped send the Dubai PMI to an eight-month high, signalling a robust improvement in the health of the non-oil …
UAE participates in the 68th meeting of GCC Undersecretaries of Ministries of Finance Committee
The United Arab Emirates, represented by the Ministry of Finance, participated in the 68th meeting of GCC Undersecretaries of Ministries of Finance Committee yesterday, which was held in Muscat, Oman, …
Emirates NBD and DIFC collaborate to support Dubai Economic Agenda D33
Through this collaboration, the DIFC aims to support Emirates NBD’s priorities through various ongoing initiatives including the DIFC FinTech Launchpad, DIFC Virtual Hub and DIFC Events agenda – each …
Dubai’s VARA Gives Highly Coveted Initial Approval to MaskEX, Gives Green Light to Start Making Provisions for Launch in the UAE
MaskEX, a next-generation cryptocurrency exchange, has announced that it has received initial approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to begin making preparations for its …