Aldar boosts education portfolio investment to $368m

Aldar boosts investment in education portfolio to $368m

The expansion plan includes the establishment of Cranleigh Bahrain and the acquisition of Kent College Dubai and Virginia International Private School in Abu Dhabi

Abu Dhabi DMT announces H1 real estate transactions Image Abu Dhabi DMT

Abu Dhabi real estate sector records over Dhs46.33bn in deals in H1 2023

Al Saadiyat Island topped the list with transactions worth Dhs3bn, with Yas Island coming in at second place with transactions worth Dhs2.6bn

UAE announces petrol, diesel prices for August 2023

UAE announces petrol, diesel prices for August 2023

The fuel price committee increased the price of Super 98 to Dhs3.14 from Dhs3 in July

NEOM McLaren Electric racing team ai-designed livery

NEOM McLaren Formula E team unveil world’s first AI-designed livery

The AI-designed livery was released at the London E-Prix to mark McLaren Racing’s 60th anniversary year

israel flights

Dubai Airports welcomes first Air Canada flight at DXB Terminal 3: Watch

Air Canada is the fourth international airline to operate out of the terminal

Binance receives MVP licence in Dubai

Binance receives Minimum Viable Product licence from Dubai’s VARA

The Operational MVP licence will allow Binance to offer exchange and broker-dealer services, initially to institutional and qualified retail investors

arab monetary fund extends loan to Egypt

Egypt gets $616m loan from Arab Monetary Fund

The agreement is aimed at bettering the payment-systems infrastructure, financial inclusion and regulatory framework in Egypt

UAE money laundering prosecution office

UAE approves proposal to establish money laundering prosecution offices

The offices will overlook corporate crimes, bankruptcy, regulation of competition, financial markets, intellectual property and trademarks, and customs evasion crimes

UAE MoF announces penalties for Corporate tax violations -Photo-courtesy WAM

UAE announces penalties for corporate tax violations

Under Cabinet Decision No (75) of 2023, penalties will be imposed on taxable persons who do not comply with the UAE corporate tax law effective from August 1

RTA reveals rider figures for H1 2023 dubai metro Image RTA

Dubai: 337 million commuters used public transport in H1, reports RTA

Dubai Metro ridership on both the Red and Green Lines hit 123.4 million riders, with Burjuman and Union stations accounting for the majority of riders

Road to the future_uae boosts smart mobility

Here’s how UAE is expanding the horizons of smart mobility

Shared mobility, micromobility and autonomous vehicles are set to become mainstream in the coming years, say experts

Sharjah real estate transaction in H1 2023 Image Sharjah Tourism

Sharjah registers real estate transactions worth Dhs549.4m in H1 2023

In Kalba, 98 sales transactions were recorded in 21 regions, totalling Dhs54.1m

Carbon markets

Abu Dhabi firm plans to raise $250m for carbon fund

Carbon markets are witnessing a shift, with new guidelines and greater oversight after a boom in demand

IUCN and RCU teams gather together to celebrate the launch of the IUCN IBEX tool Image RCU

The Royal Commission for AlUla, IUCN unveil new conservation assessment tool

 The new tool allows protected area managers to carry out self-assessment of facilities and practices against IUCN’s Green List standard

DFM’s H1 2023 profit jumps 77% to Dhs112.2m

Dubai Financial Market reports Dhs112.2m half-year profit, up 77%

The DFM General Index posted impressive growth of 14 per cent, closing at 3,972 points while market capitalisation soared to Dhs652bn

GCC stock markets are hitting record highs

GCC stock markets are hitting record highs. Here’s why

After a strong performance last year, the GCC region is set to see more activity in its capital markets in the medium term

US NSA Jake Sullivan

US National Security Advisor Jake Sullivan in Saudi Arabia for talks

The NSA’s visit comes a month after US State Secretary Anthony Blinken was in the country to meet with the country’s leaders

Dubai Chamber

Dubai Chamber to support 100 businesses in global expansion drive

The New Horizons initiative assists in driving the international growth of member companies and will play a vital role in achieving Dubai’s goal of increasing non-oil foreign trade to Dhs2tn by 2026

noon pay

Noon launches noon pay, its peer-to-peer payment system

noon Pay enables individuals to transfer money in the form of noon credits

AD Ports Group boosts cooperation with Shandong Ports Group

UAE’s AD Ports Group boosts cooperation with Shandong Ports Group

Shandong Port will transport passenger vehicles from its ports in China to Autoterminal Khalifa Port, to be stored and displayed within facilities in KEZAD

Saudi Arabia economic outlook

Saudi Arabia’s oil production cuts to slowdown growth, says IMF outlook

The impact of a slowdown in Saudi Arabia will be felt across the Middle East and Central Asia

HONOR pad XR image Honor

UAE: Honor 90 5G, Pad X9 now available, free gifts on offer

From July 17 to October 31, Honor 90 Series users can get a range of exclusive gifts from Honor Game Center, Themes and Game Manager

World Tourism Day 2023

Saudi Arabia’s PIF sets up company to boost tourism sector

The new company will invest in new tourism projects and develop attractive destinations in cities across the kingdom

Samsung Galaxy Z Flip5, Fold5 available for pre-orders in the UAE

Pre-orders now open for Samsung Galaxy Z Flip5, Fold5 in the UAE

The Galaxy Z Flip5 512GB is available for Dhs4,349 while the 256GB is priced at Dhs3,899

Oman Investment Authority

Saudi Arabia’s PIF to expand investment in Oman

The fund has signed an agreement with Oman Investment Authority aiming to invest in a wide range of asset classes and target industries

Amaala

Red Sea Global partners with Equinox for Amaala hotel

The hotel will comprise 128 keys, with a focus on sports, fitness, and lifestyle

UAE President’s brother Sheikh Saeed bin Zayed

UAE President’s brother Sheikh Saeed bin Zayed passes away

The Presidential Court declared a three-day official mourning period for Sheikh Saeed bin Zayed with flags flown at half-mast

Dubai properties DLD registers transactions worth $77bn in H1 2023 Image Dubai Media Office

Dubai properties: Transactions hit Dhs283bn in H1 2023; DLD reveals top 10 areas

Nine real estate projects worth Dhs4.06bn were completed in H1 2023, according to the Dubai Land Department