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, registering a total of 27,373 deals, collectively worth AED 61.97 billion ($16.89...

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 Dhabi Police, said. According to the decision of the State Attorney...

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 consultancy firm Knight Frank revealed. The average transacted prices of...

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, said consultancy firm Mortgage Finder. The consultancy firm, which is part of...

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 the financing of terrorism (AML/CFT) for its licensed financial institutions...

The Ministry of Health and Prevention (MoHAP) announced 1,549 new coronavirus cases, bringing the total number of recorded cases in the UAE to 673,185. The Health Ministry stressed in a statement on Monday that its aim to continue expanding the scope of testing nationwide to facilitate...

The Abu Dhabi Police announced the arrest of a young Emirati man who killed three members of his family using a firearm in Al Ain, noting that all procedures are underway to refer the accused to the Public Prosecution. A relative of the victims of the Al Ain murder, Musallam Al Sa’iri,...

Dubai is studying to develop an innovative ropeway transportation system that will be fully automatic and driverless. In this regard Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with French mobility specialist MND. MND is a leading...

Medians in the July 5-26 poll pegged Saudi Arabia's growth at 2.3% this year The six economies in the Gulf Cooperation Council (GCC) are set to rebound and grow 2% to nearly 3% this year while the region's two largest economies, Saudi Arabia and the UAE, are forecast to grow over 4%...

BTC strongest since June, ETH at three-week peak HONG KONG/SINGAPORE: Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a...