Dubai

Dubai’s office stock grows by 20,000 sq. m., Abu Dhabi adds 7,500 sq. m. in Q2 2024: Report

The growth is attributed to a strong economy, diverse demand, and focus on quality, sustainable spaces

Dubai to host Games of the Future in 2025

The UAE was last month selected as the host for the games at a ceremony in Istanbul

UAE announces $216.31 million in pension payments for July 2024, benefiting 48,199 pensioners

This marks an increase compared to July 2023, when AED711,323,785.25 was allocated to 46,835 recipients

Dubai’s Dragon Oil launches AI project to develop Egypt’s Morgan and Badri oil fields

The AI project is a significant step towards digital transformation and innovation in Egypt's oil and gas industry

UAE, Indonesia to boost cooperation in public finance, debt management, and climate finance

The two countries enjoy thriving bilateral trade, with $4 billion in volume in 2023 

Dubai’s GDP tops $31.3 billion in Q1 2024, grows 3.2 percent

Dubai’s economic growth in the first quarter of the year mirrors the success story of 2023

Dubai’s du posts 54.2 percent net profit surge to $322.35 million in H1 2024

In its Q2 2024 financial results report, du announced that its net profit reached AED581 million

DEWA installs over a million smart water meters in Dubai

This is further aimed at enhancing operational efficiency, managing facilities and services through smart and integrated systems

Surge in demand for industrial and logistics assets reaches 185 percent in Dubai, Abu Dhabi: Report

The Jebel Ali Industrial Area Second Category saw rents jump 38.5 percent to AED36 ($9.80) per sq ft.

Dubai launches landmark $28.58 million mental health framework

The new framework features 10 key initiatives that will be launched over the next five years

UAE’s DP World, Evya Group merge port operations to establish major logistics hub in Türkiye

The completion of the merger follows regulatory approval from the Turkish Competition Authority

UAE’s Emirates flight operations unaffected amid Microsoft and CloudStrike-related global major IT meltdown

A spokesperson noted that there could be delays to some Emirates flight timings later in the day

DXB airport restores operations after CrowdStrike-linked outage

A global system outage affected the check-in process for some airlines in Terminals 1 and 2 this morning

UAE and global gold prices lose luster amid profit-taking, dollar strength

In the UAE, gold prices fell with 24-carat gold inching up to AED293.50 per gram

Dubai’s real estate transactions surge 35.7 percent to $33.5 billion in Q2 2024: Report

The total transaction volume saw a 60.06 percent year-on-year growth, with 48,220 transactions recorded

UAE’s GCAA invests in world-class air traffic controller training to boost aviation safety, efficiency

The contract will see GANS provide training services to GCAA ab-initio air traffic controllers at its training centre in Al Ain

Dubai’s Mashreq Bank allocates additional $272.25 million in financing for industrial companies

The move aligns with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300Bn

Emirates Islamic’s profits hit record $463 million in H1 2024

Emirates Islamic's total income saw a notable 15 percent increase to AED2.7 billion while operating profits surged by 40 percent

Dubai launches sample constitution toolkit to empower family businesses

The launch of this comprehensive guide is part of the centre's efforts to provide practical support to family businesses

UAE citizens can now claim VAT refunds for new home construction via new smart app

The move aims to provide the world's best government services by eliminating bureaucracy and adopting efficient models

Dubai Chambers, FTA collaborate to strengthen tax awareness among private sector

The workshop covered key taxes for UAE businesses, including Excise Tax and VAT, and the processes for tax returns

Dubai South announces successful completion of first stage in UAE’s autonomous vehicle trials

The trials were conducted on a predefined route within a closed area of the Dubai South Logistics District

UAE’s DEWA invests $42.85 million in new 60-million gallon water reservoir in Lusaily

The new reservoir has been constructed adjacent to an existing reservoir with a capacity of 120 MIG of desalinated water

Dubai International Airport ranks 2nd busiest in the world: Report

DXB is still the leading airport for international travel