Rents in Abu Dhabi declined by 3.9% Y-o-Y in Q3 2020, the apex bank said in its quarterly review Residential property prices in Dubai declined on average by 0.9 percent year-on-year (Y-o-Y) in the third quarter of 2020, the UAE Central Bank said in its quaterly report citing data from...

The Gulf countries, as well as Egypt, appear to be better placed to secure access to vaccines through direct purchases from pharmaceutical companies, Capital Economics said. The rollout of COVID-19 vaccines and easing of containment measures will boost all the MENA economies in 2021,...

Business disruptions triggered by the pandemic as well as lower oil prices have contributed to the lower expected GDP The UAE's GDP is estimated to shrink about 6 percent this year, compared to a previous forecast of a decline of 5.2 percent, the central bank said in its quarterly...

ECI is the first government export credit company in Middle East and Africa to offer UAE SMEs an online trade credit solution to secure trade and exports UAE - Etihad Credit Insurance (ECI), the UAE Federal export credit company, has issued Dh420 million worth of trade credit support...

Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) announced that Route 2020, the extension of the Dubai Metro line from Jabal Ali Station to Expo 2020 station, would start commercial operation on 01/01/2021....

With nearly 20% of the construction works completed, the 8-floor tower is expected to be fully completed by the fourth quarter of 2022 UAE-based Reportage Properties said work is progressing at a steady pace on The Gate, a key residential development coming up at Masdar City in Abu...

According to an official Twitter post the UAE Cabinet has approved the official holidays The UAE Cabinet has approved the official holidays. According to an official Twitter post, here is the full list of holidays for 2021: January 1: New Year Ramadan 29 to Shawwal 3:...

Sheikh Mohammed expresses happiness over acknowledgement by Global Soft Power Index The UAE has ranked first in the Middle East and 14th in the world in handling the Covid-19 pandemic efficiently, according to UK’s Global Soft Power Index issued by Brand Finance. His Highness...

The UAE ranked first across the Middle Eastern nations by Global Soft Power Index in handling of COVID-19 pandemic. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, said on Twitter, “According to a questionnaire for the...

The Ministry of Health and Prevention, MoHAP, recorded 1,284 new cases on Friday. It also announced 765 recoveries and 1 death in the last 24 hours. Using state-state-of-the-art medical testing equipment it has carried out 144,602 COVID-19 tests. The UAE has recorded 191, 150...