Dubai

Dubai govt to reduce working hours, suspend Friday operations for some entities

As many as 15 government entities are participating in the ‘Our Flexible Summer’ initiative

DIFC Innovation Hub, Ripple partner to accelerate adoption of blockchain technology in UAE

Partnership to provide the means to drive blockchain and crypto adoption amongst early-stage companies and scale-ups

e& and du paid $963.78 million in federal royalty to UAE government in H1 2024

The aggregate amount of royalty payable by the e& group in the first half of 2024 reached $748.43 million

Dubai’s Empower posts $368 million in revenues in H1 2024 with 10.3 percent growth over H1 2023

The company earned $116.52 million in profit before tax, a 6.3 percent increase from the same period in 2023

Top trending travel destinations on TikTok in 2024

Dubai is the most popular city on TikTok, with over 29.7 million posts

Abu Dhabi’s residential rental contracts surge 102 percent to 49,135 in H1 2024

Al Ain City also saw substantial growth, with a 77 percent rise in rental contracts reaching 4,819 in 2024

Dubai TECOM Group’s net profit rises to $164.17 million, revenue surges 9 percent to $299.48 million

The Group's top-line growth contributed to a 9 percent YoY surge in EBITDA, which reached $243.94 million

Dubai’s DEWA sees over 6.7 million digital transactions in H1 2024, up 11 percent

Customers carried out over 1.1 million digital transactions through the authority's website

UAE gross bank assets surge over 10.8 percent to $1.16 trillion in May 2024

Gross credit grew 0.7 percent from AED2.063 trillion in April 2024 to $565.47 billion

Dubai Airports enhances travel experience with new baggage facility at Terminal 2

New facility seamlessly and securely connects publicly accessible areas with the terminal's secured areas

Dubai Financial Market sees spike in new investor accounts, up 85 percent to 56,345

The growth is due to strong investor interest in recent high-profile listings like Parkin and Spinneys