The T-Sukuk will first be issued in two, three and five-year tranches, followed by a 10-year tenure sukuk at a later date The UAE has launched domestic dirham-denominated Islamic treasury sukuk (T-Sukuk), with a benchmark auction size of $299m (Dhs1.1bn), as part of the country’s...

June 30 has been set as the deadline for UAE private sector companies to achieve their 1% half-yearly Emiratisation target The UAE Ministry of Human Resources and Emiratisation (MoHRE) has announced the deadline for private sector companies with 50 employees or more to achieve their...

Dubai’s robust real estate market is primed for further investment according to property experts in the city Dubai’s real estate market grew by 36 per cent in the past year and now is an ideal time to invest, according to property experts in the city. In the past 10 years, Dubai...

According to Arabia Taxi, 83 per cent of the cars in its Dubai fleet currently operate with environmentally friendly hybrid engine technology Arabia Taxi LLC – Dubai, a subsidiary of the Economic Group Holdings, has signed an exclusive agreement with Tesla Motors – Dubai, to add 269...

Dubai’ Sobha Realty launches luxury villa community in Dubailand ADubai real estate firm has announced a luxury villa community, offering 300 villas with luxury finishes. Sobha Realty announced the launch of the AED2.8bn ($763m) Sobha Reserve project. Located in Wadi Al Safa...

The buyer, who doesn’t live in the UAE, is planning to build a family vacation home on the property A human-made island in Dubai was sold on April 19 for Dhs125m ($34m), setting a record in a market that continues to benefit from an influx of foreign wealth. The 24,500-square-foot...

Dubai’s best rental yields have been identified, with one neighbourhood offering 8.3 per cent returns Dubai’s best rental yields have been revealed, with one area offering an annual 8.3 per cent return on investment. AI specialists Realiste has announced the top three most...

Dubai Metro reaches historic landmark as it transports more than two billion passengers Dubai Metro has transported two billion passengers since it first opened on September 9, 2009. The RTA revealed the metro’s Red Line transported 1.342bn commuters, while the Green Line served...

Organisations that qualify for the exemption include entities that focus on activities such as philanthropy, community services and corporate social responsibility The UAE Ministry of Finance (MoF) said public benefit entities that contribute to the welfare of society are eligible for...

Asian Infrastructure Investment Bank, with its focus on financing sustainable infrastructure, will be key to achieving Paris Agreement goals Asian Infrastructure Investment Bank (AIIB) has signed an agreement to establish its first Interim Operational Hub at Abu Dhabi Global Market,...