Dubai

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