United Arab Emirates

Property valuation tool TruEstimate generates over 100,000 reports in five months

TruEstimate is an AI-powered solution that provides users with an accurate and up-to-date, data-backed property value estimation

Sheikh Mohammed amends law provisions on establishment of Financial Audit Authority in Dubai

Amendments to Article (36) made to establish a permanent Grievances Committee within the Financial Audit Authority

Gold prices hit new record high of $2,790.15, set for best month since March

Gold prices have gained close to 5 percent so far this month and almost 41 percent in the past year

UAE: Petrol, diesel prices for November 2024 announced

The prices will be applicable starting November 1

Dubai Internet City: 25 years of transforming Middle East’s digital landscape, empowering global tech firms

Dubai Internet City’s ecosystem has grown in 2024 to include multinational corporations, start-ups, and Fortune 500 companies 

Five UAE stocks that have gained the most since January 1

The DFM General Index recorded a 4.1 percent increase in September, its fourth consecutive monthly gain

Air Arabia Abu Dhabi to introduce new direct flights to Russia’s Yekaterinburg starting December 27

This new non-stop service will run twice weekly, offering convenient access between Zayed International Airport and Koltsovo International Airport

Egypt signs MoU with DP World to explore development of 500-acre public free zone 

This initiative aims to target key industries such as electronics, automotive, apparel, and footwear

e& reports strong results, consolidated revenue up 10 percent to $3.92 billion in Q3 2024

Q3 net profit stood at AED3 billion, and was reported at AED8.5 billion for the first nine months of the year

Etihad Airways to launch new flights to Egypt’s Al Alamein starting July 2025

The move will offer travelers direct access to the Al Sahel region, renowned for its vibrant and rapidly developing coastal resorts 

Dubai Real Estate Sector Strategy 2033 set to ignite surge in transactions, attract global investments

The strategy seeks to elevate economic impact through enhanced transparency and strategic investment initiatives

UAE gold prices soar, global rates hit record high ahead of Diwali

Markets are also bracing for a series of economic indicators in the coming days 

Top global ministers, energy leaders to convene at ADIPEC 2024 in Abu Dhabi

More than 1,800 speakers from across government, energy, finance and technology sectors will come together at the event

Multiply Group revenue soars 47 percent to $141 million in Q3 2024

The balance sheet remains strong, with cash balance of AED1.88 billion and additional liquidity of up to AED4 billion available for future investments

Abu Dhabi’s CYVN Holdings to acquire McLaren’s automotive business from Mumtalakat

CYVN Holdings investment would bring McLaren access to additional capital and expertise particularly in the field of electric vehicles

Dubai’s du profits rise 49.7 percent to $517.2 million in nine months

During Q3, net profit surged to AED719 million, representing the highest quarterly net profit in the past three years

Aldar net profit surges 52 percent to $1.25 billion as development sales reach $6.53 billion

Overseas and expat resident customer base now accounts for 76 percent or AED15.3 billion of Aldar's UAE sales

Emirates strengthens connectivity, expands travel options through new MoUs with Vietnam Airlines and VietJet

The MoUs were formalized during the Vietnam - UAE Business Forum, which took place recently at the Hilton Dubai Palm Jumeirah 

Nakheel, DEWA partner to develop $73.5 million substations on Dubai’s Palm Jebel Ali

Project includes the construction of two 132/11 KV substations with a total capacity of 400 megavolt amperes

Vietnam Prime Minister tours Dubai’s Museum of the Future

Visit underscores the Museum of the Future's mission to bridge cultures and foster international collaboration

Sheikh Mohammed approves Dubai’s largest ever budget for 2025-2027 with $82.2 billion expected revenue

For FY 2025, estimated expenditures are set at AED86.26 billion, with anticipated revenues of AED97.66 billion

Amali Properties breaks ground on ultra-luxury Amali Island

24-villa development at Dubai's The World Islands celebrates 90 percent sell-out, with three of its most valued units sold for AED400 million