The clean energy project is expected to power more than 23,000 homes a year and displace 120,000 tonnes of carbon dioxide The UAE has inaugurated its first wind programme, as the country is stepping up its fight against climate change ahead of the COP28 climate summit later this year....

New digital platform targets investors in stock markets Emirates NBD, Dubai’s largest lender, has rolled out a digital wealth platform targeting stock market investors, as the initial public offering (IPO) boom continues in the UAE and the rest of the region. The new offering...

This initiative is part of RTA’s broader digital transformation strategy for permits for commercial activities The Roads and Transport Authority (RTA) in Dubai has announced an initiative to simplify the process of obtaining permits for professional passenger transport drivers. In...

Renewed lease registrations grew by 29% compared to 12.6% for new contracts, according to CBRE A growing number of tenants in Dubai are opting to renew their residential leases to avoid the additional costs associated with signing new contracts amid rising rentals, CBRE said in its...

The programme seeks to empower and develop management skills among family business leaders Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE has unveiled the Dubai Family Business Management...

FIVE Holdings Chairman and founder Kabir Mulchandani told Bloomberg TV that a Dubai IPO in 2025 was part of its long term plan Five Holdings Ltd, the operator of the luxury brand FIVE plans to have an IPO in Dubai, with eyes on a London listing too, according to its chairman. FIVE...

DIFC’s Nasdaq Dubai accounts for nearly 64% of the world’s dollar-denominated sustainable sukuk The Dubai International Financial Centre’s (DIFC) international exchange, Nasdaq Dubai, accounted for approximately 64% of the world’s dollar-denominated sustainable sukuk market as of...

ADC’s private investment in public equity oversubscribed by more than ten times ADQ-backed ADC Acquisition Corporation, the first special purpose acquisition company (SPAC) in the UAE, has raised AED734 million ($200 million) from its private investment in public equity (PIPE)...

Knight Frank said property buyers have spent $4.91bln on high-end homes in the emirate 2023 Luxury home buyers spent $1.59 billion on properties worth $10 million or more in Dubai in the third quarter of 2023. Knight Frank data showed the amount spent on super prime homes has now...

The scheme provides a social safety net for citizens and residents while ensuring that they have a decent life until alternative employment arises The UAE Ministry of Human Resources and Emiratisation (MoHRE) said more than 6.5 million employees have subscribed to the unemployment...