Dubai

764 major deals drive $15.79 billion in Abu Dhabi, Dubai bourses this year

At ADX, there were 549 transactions, encompassing 16.6 billion shares valued at AED55.4 billion

Dubai Reef achieves key milestone with first 1,000 purpose-built reef modules fabricated

The initiative aims to deploy a total of 20,000 specially designed reef modules of varying sizes over a span of three years 

Amazon, Emirates, GEMS, Careem join Dubai’s Gig Economy Sandbox initiative

Sandbox Dubai is an innovative platform that seeks to enhance Dubai’s legislative and regulatory environment in line with future needs

Binghatti launches $1.36 billion Skyrise project in Business Bay

This launch further aligns with Binghatti's ambitious goal to expand its project portfolio to exceed AED100 billion within the next 18 months

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

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 

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

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

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

Emirates resumes daily service to Australia’s Adelaide with Boeing 777-200LR

This renewed service provides travelers with more than 4,200 seats weekly, linking Dubai with the capital of South Australia 

Sheikh Mohammed and Vietnam PM discuss enhancing bilateral cooperation, sign CEPA

CEPA facilitates UAE service providers' access to various sectors in Vietnam, including business, finance, and tourism

UAE attracts $16 billion in greenfield FDI capital inflows in 2023

The UAE expects these investments to generate nearly 50,000 jobs from 1,332 projects

Dubai Aerospace Enterprise inks $500 million agreement to acquire 10 aircraft

Group initiated and managed the purchase and sale of equity interests in 36 managed aircraft from existing investors to new investors

UAE committed to building advanced technological ecosystem that captivates global attention

The country has become the go-to destination for entrepreneurship and talent

P.O.B1 Properties launches inaugural $56 million Serenova project in Dubai Silicon Oasis

Set for completion in Q2 2027, the project spans across an expansive 7,850 sqm plot

Emirates, GE Aerospace ink 10-year agreement for B777 electrical system services

Emirates is the world’s largest B777 operator with a fleet of 143 aircraft

Sheikh Hamdan calls for accelerating efforts to boost UAE’s position as global investment hub

Value of inward FDI in 2023 to the UAE amounted to $30.688 billion, compared to $22.737 billion in 2022, a growth of nearly 35 percent

Record population growth, falling interest rates boost Dubai property market

The volume of off-plan property registrations in Dubai reached an all-time high, with 32,968 transactions in Q3

CBUAE reports banks extend $22.1 billion in financial support to SMEs by mid-2024

SME loans made up 9.5 percent of 232.9 billion in financial facilities for commercial and industrial sectors as of June 

UAE drives regional economic growth: Insights from LSE Deputy CEO

The country has successfully completed 37 bond issues amounting to a total of $18.51 billion 

Dubai reveals #ZayedAndRashid campaign: A celebration of national unity, cultural heritage across emirates

The campaign coincides with UAE Flag Day and 53rd Eid Al Etihad celebrations

Dubai’s net-zero efforts cut emissions by 29 percent in 2023

Achievement highlights the effectiveness of current measures under Dubai’s strategy to reduce carbon emissions by 30 percent by 2030