LATEST NEWS

Adnoc announces $1.17 billion contract

August 12, 2022

Abu Dhabi National Oil Company (Adnoc) announced on Thursday the conclusion of a contract worth $1.17 billion (4.3 billion dirhams) for the lease of 13 self-propelled self-lifting barges to improve the efficiency of...

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UAE passports of the new generation will be issued from September 1.

August 12, 2022

A new generation of Emirati passports will be issued from September 1, 2022, the Federal Office for Identification, Citizenship, Customs and Port Security (ICP) announced on Thursday. This represents a new...

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Emirates ID card must be updated after marriage, urges ministry

August 11, 2022

The Federal Office for Identification, Citizenship, Customs and Port Security (ICP) has stressed the need for customers to replace or update their identity cards upon marriage, since the wife's surname for some...

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The UAE has introduced new reporting requirements for real estate...

August 9, 2022

The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), announced the introduction of new reporting requirements aimed at certain real estate...

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Dubai ranks 4th in the world in terms of the growth in the cost of...

August 9, 2022

According to the report, the Dubai real estate market has recently shown strong growth, as the emirate ranked 4th in the world in terms of the growth in the cost of luxury housing in the first half of 2022....

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Abu Dhabi satellite firm Yahsat to raise dividend after...

August 9, 2022

Net income for first half of the year also surged more than 50% year-on-year Al Yah satellite communications company in Abu Dhabi (Yahsat) reported strong performance for the first half of the year since...

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Dubai records over $435mln in real estate transactions on Monday

August 9, 2022

The sales included villas and apartments worth $164.04mln DUBAI - 376 purchase and sale transactions worth 897.38 million dirhams were registered on the Dubai real estate market on Monday, in addition to...

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Dubai's DIFC to launch new hub for ultra-wealthy, family...

August 9, 2022

Around $1trln in wealth, family businesses in region likely to be transferred to next generation within a decade Dubai International Financial Center (DIFC) is going to open a new center for global and...

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Dubai to achieve tourism goals as city welcomes 7.12 million visitors

August 8, 2022

Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording an increase in visitor numbers of more than 183% compared to 2.52 million tourists visiting Dubai during the same...

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Dubai’s Salama plans $108mln capital reduction

August 8, 2022

Islamic Insurer seeks to write off accumulated loss The Board of the Dubai Islamic Arab Insurance Company (Salama) recommended reducing the capital by 398 million dirhams ($108 million) to write off...

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