Lower quantum of revenue recognition and product mix impacted adversely Dubai developer Damac Properties narrowed its second-quarter loss on the back of a recovery in the UAE's property market, which was hit by the COVID-19 pandemic last year. Net loss for the quarter ended June...

The Abu Dhabi Emergency, Crisis and Disasters Committee has updated occupancy rates and operating capacity for some activities in the emirate. The decision comes into effect from Friday, 20 August 2021, with the implementation of the decision to allow only those vaccinated to enter public...

Emirati companies have announced their intention to introduce a new technology for testing COVID-19 for GCC and ME countries, which is characterized by its ability to detect infections at its onset by 100 per cent and the Delta variant by 99.4 per cent. The technology called CRISPR was...

Masood M Sharif Mahmood will report to the Group CEO Telecom giant Etisalat Group has appointed a new UAE CEO to foster growth in the Emirates and business development in the digital space. Masood M Sharif Mahmood will be the UAE operations CEO effective from 29th August,...

Apartment rents remain weak as more tenants shift to villas, supply remains high International buyer interest and improved market sentiment are driving sales in Dubai’s property market, with the value of transactions jumping by nearly 50 percent during the second quarter of 2021, new...

President His Highness Sheikh Khalifa Bin Zayed Al Nahyan has sent a message of congratulations to President Arif Alvi of Pakistan on the occasion of his country's Independence Day, which is marked on 14th August. His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President,...

Effective from Thursday, August 12, hotels can operate at full capacity UAE - Authorities in Dubai have increased operational capacity at hotels, restaurants and cafes and wedding and event halls. Effective from Thursday, August 12, hotels can operate at full capacity, according...

The UAE recorded the lowest COVID-19 infection on Friday since the beginning of 2021, with 1,215 cases. Earlier, the lowest reported cases since the spread of the pandemic was in December of the year 2020, with 944 cases. On Friday, the UAE Ministry of Health announced that it had...

Dubai, which contains the region's largest transhipment port at Jebel Ali, said in January that bilateral trade since September 2020 stood at $272mln DUBAI - Israel and the United Arab Emirates, which normalised relations a year ago, are looking to Dubai's Expo world fair in October to...

The Sheikh Zayed Grand Mosque Centre has announced that it has issued the Hijri calendar for the year 1443 AH, which began on Aug.10, 2021. The calendar is available at Al Jami’ Library. The package contains a printed calendar and a notebook. They provide crucial information on prayer...