The pandemic and the decline in global oil demand and prices dealt the GCC countries a health crisis and a commodity market shock causing a GDP contraction of 4.8% in 2020 Economies of the GCC countries are expected to return to an aggregate growth of 2.2 per cent this year after a 4.8...

Developer is aligning with global best practices to manage climate change risks Abu Dhabi’s Aldar Properties, among the first Middle East companies to adopt recommendations by the Task Force on Climate-related Financial Disclosures (TCFD), is developing a carbon-neutral action plan...

Ending weeks of uncertainty, flights from Kerala to the UAE resumed on Thursday following lifting of ban on entry of passengers from India and five other countries starting from Aug.5, much to the relief of thousands of expatriates from the state. Passengers travelling from countries...

Crypto property purchases are usually cash purchases; the cryptocurrency is converted into cash at a crypto exchange house before the transfer Some developers and real estate brokers in Dubai are telling investors that they will accept cryptocurrency as part of the purchase price for...

UK-based Florin Court to set up new trading hub at the ADGM; UAE's Tribe eyes global expansion The Abu Dhabi Investment Office (ADIO) has partnered with financial services companies Florin Court Capital (Florin Court) and Tribe Infrastructure Group (Tribe) as part of its AED 2 billion...

46,038 transactions worth $44.41bln were conducted since the beginning of 2021 until the end of July The value of real estate investments in Dubai from the beginning of 2021 until July reached AED 75 billion, according to a real estate report. The Dubai Land Department's (DLD)...

Abu Dhabi Health Services Company announced it would provide Covid-19 Sinopharm vaccine for children from 3 to 17, at several centres and facilities without booking an appointment, after the vaccine was approved by the Ministry of Health and Prevention for emergency use, based on the results of...

This is after the UAE announced that expats stranded these countries can return to the emirates Dubai-based carrier Emirates on Wednesday updated its website with the latest travel requirements for passengers arriving from India, Nepal, Nigeria, Pakistan, Sri Lanka and Uganda....

The UAE has announced that Indians, Pakistanis, Nepalese, Ugandans and Nigerians with valid visas can return to the Emirates after obtaining prior approval from the Federal Authority for Identity and Citizenship (ICA). The authorities urged everyone with valid visas to apply for ICA...

July PMI data suggested an increase in employment, due to efforts to expand sales departments The rate of growth in the UAE non-oil economy picked up in July, reaching the strongest in two years supported by rebounding demand and sharp rise in new orders, a business survey showed....