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Nemo Stojanovic, director of leasing and marketing, Central Park Towers, DIFC, Arady Developments

How Central Park Towers, DIFC, opens up new avenues for Dubai’s real estate market

Nemo Stojanovic, director of leasing and marketing, Central Park Towers, DIFC, Arady Developments, explains why the project is an attractive proposition to its residents and businesses setting up base within the prime location

stake

The SME Story: Rami Tabbara, co-founder and co-CEO of Stake

A digital fractional real estate investment platform is offering a chance for those with limited budgets to enter the property market

Dubai Chambers

Dubai Chambers, Citi sign MoU to boost business competitiveness

Both entities will collaborate on events and initiatives that support common goals and attract companies to the UAE

Investment Corporation of Dubai

Investment Corporation of Dubai reports Dhs10.1bn in net profit for 2021

Its revenues for 2021 equalled Dhs169.4bn, up 24.5 per cent compared to the previous year

Dubai-based ride sharing firm Swvl to slash headcount by a third

The reductions will focus on roles that have been automated by investments in engineering and product and support functions

Dubai-Skyline-e1650964799688

UAE’s Utico hires banks to advise on potential IPO

Utico is the largest private utility provider in UAE and is one of the 27 companies forming part of the RMB Group

DEWA announces Dhs12.08bn revenue in H1 2022

DEWA reveals number of new electricity and water connections in Dubai last year

It provides its services to 3.5 million people who live in Dubai

Improvement project

Sheikh Hamdan opens Dubai-Al Ain road improvement project

The project will benefit 1.5 million people living or working around both sides of the road

damac properties us miami

Dubai’s Damac Properties makes US entry by winning $120m bid in Miami

The property in the Miami neighbourhood of Surfside will offer residents direct beach frontage and access to South Beach and Bal Harbour

cryptocurrency

Dubai’s crypto edtech Coinmarketpedia secures $2m to expand footprint

The funds will be used to enhance features, allow for investments in ecosystem partnerships and onboard industry experts

DP World

Dubai’s DP World to explore metaverse to solve supply chain challenges

DP World will explore metaverse applications for its services, including simulations of warehousing and terminal operations

Dubai super sale: Get up to 90% discount at shopping malls

The three-day sale will begin on Friday, May 27 and last until Sunday, May 29

dubai real estate

Mo’asher: Dubai records 6,983 real estate sales transactions in April 2022

It marked a 45.5 per cent increase over the month of April 2021

UAE Ministry issues resolution on bank guarantees and employees’ protection insurance

UAE: New classification system for private sector will determine cost of work permits

The cost of the permits will range from Dhs250 to Dhs3,450, depending on each company’s compliance with the country’s labour regulations and guidelines

Museum of the Future

Sheikh Hamdan launches ‘Dubai Future Forum’

Sheikh Hamdan has announced that Dubai will host the Dubai Future Forum from October 10 to October 11, 2022 at the Museum of the Future

compact station

ENOC Group launches compact station in DAFZA to support fuelling needs

The compact station is equipped with eight dispensers, allowing for fuelling on both sides of the station

dnata

Dubai’s dnata to replace vehicles, equipment with electric units

dnata aims to become carbon neutral and reduce general and maintenance costs

dubai instant licences

Dubai’s Department of Economy and Tourism issued 32,564 Instant Licences to businesses

The Instant Licences initiative was launched in Dubai in August 2017 to streamline the process for entrepreneurs to set up their businesses

dubai uae

Dubai wants metaverse to contribute $4bn to its economy by 2030

A new task force has been set up by the Dubai government to track the latest developments in the digital economy

qatar coinmena

CoinMENA becomes first regional crypto exchange to enter Qatar

Starting May 19, Qatari citizens and residents can open accounts with CoinMENA and link their bank accounts to it

Dubai Financial Market

Dubai Financial Market to launch trading of Oman Crude Oil futures from June

The contracts will be cash settled and will have a smaller contract size of 100 barrels making them accessible

Dubai airport show

Focus on innovative technology is key, say experts at Dubai Airport Show

The 21st edition of Airport Show opened on May 17 at the Dubai World Trade Centre with participation from more than 150 international companies

Museum-of-the-Future

Dubai’s Museum of the Future partners with Binance to issue NFTs

The Museum of the Future intends to develop assets within the fields of NFTs, cryptocurrencies and the blockchain

dnata

Dubai’s dnata invests over $17m to boost Erbil operations

Dnata currently provides passenger, ground and cargo services to over 25 airlines in Erbil

RTA-bus-dubai

Dubai’s RTA resumes 4 intercity bus services, launches new intra-city route

The F38 service which will begin operation on May 19 will connect Jumeirah Golf Estates Metro Station to Dubai Sports City

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

Dubai’s Emaar Properties records 241% increase in net profit for Q1 2022

Emaar Properties’ revenue for the first quarter of the year increased by 12 per cent to total $1.806bn

emirates hiring

Dubai’s Emirates confirms it is on a major cabin crew recruitment drive

The airline said that it is hiring candidates in 30 cities from now until the end of June

Dubai’s GII buys 51% of Saudi Arabia’s Almeswak for $530m

Almeswak operates more than 80 centres across 20 cities in Saudi Arabia

Aster Guardian Global Nursing award

Kenyan national wins $250,000 Aster Guardian Global Nursing award in Dubai

Anna Qabale Duba was crowned the first-ever recipient of the award which received 24,000 entries

DEWA

UAE’s DEWA reports net profit of Dhs691m for Q1 2022

Dubai’s main power and water company also reported a 15 per cent growth in Q1 2022 revenues to Dhs5.068bn