LATEST NEWS

UAE reports 1,550 new COVID-19 cases and 5 deaths

July 30, 2021

1,508 recoveries announced in last 24 hours ABU DHABI - The Ministry of Health and Prevention (MoHAP) announced that it conducted 302,236 additional COVID-19 tests over the past 24 hours, using...

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Dubai-based transport startup Swvl to list on Nasdaq via $1.5bln...

July 30, 2021

Swvl is expected to be the first $1bln-plus unicorn from the Middle East to list on Nasdaq Swvl, a Dubai-headquartered transport technology startup and Queen’s Gambit Growth Capital have signed a merger...

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Sharjah Customs foils attempt to smuggle huge haul of drugs

July 30, 2021

The Khalid Port Customs at Sharjah has foiled an attempt to smuggle a shipment of crystal meth weighing 93 kilogrammes and about 3,000 methadone tablets into the country through the port. The suspects...

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Abu Dhabi's Mubadala invests $250mln in biosimulation firm...

July 29, 2021

The transaction is scheduled to close on August 2, 2021 Abu Dhabi’s Mubadala Investment Company has made an investment worth approximately $250 million in Certara, a Nasdaq-listed biosimulation company....

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DP World's growth rates to moderate in H2; mindful of economy...

July 29, 2021

Dubai port operator reports over 17% growth in container volumes Dubai-based port operator DP World warned that growth rates could moderate in the second half of 2021 as it reported handling higher volume...

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Real estate review: Dubai recorded deals worth $16.89bln in H1 2021

July 29, 2021

In the first half of 2021, the Dubai real estate market had 17,434 secondary transactions worth $12.76bln The Dubai property market witnessed high transaction volumes in the first six months of the year,...

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Dhs3,000 fine for venturing out without permit during sterilisation...

July 28, 2021

The National Disinfection Programme has started on July 19 from midnight until 5am, Lt. Colonel Jaber Al Mansouri, Head of Department of Serious Accident Investigation at the Traffic and Patrols Directorate, Abu...

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New report reveals highest rise in Dubai's house prices since...

July 28, 2021

Villas are reportedly seeing significant uptake compared to apartments and townhouses House prices in Dubai during the second quarter of 2021 accelerated at their fastest pace since 2014, global property...

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Dubai property: 40% of all sales involved mortgage

July 28, 2021

Mortgage Finder says average mortgage amount rose 24% from H2-2020 Dubai’s mortgage market is showing signs of recovery with the number of completed mortgages having doubled between H2 2020 and H1 2021,...

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CBUAE issues new anti-money laundering guidance for financial...

July 27, 2021

LFIs should develop, implement and regularly update an appropriate sanction compliance programme The Central Bank of the UAE (CBUAE) on Monday issued a new guidance on anti-money laundering and combatting...

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