The Digital Government (DG) of the United Arab Emirates has set several conditions for bringing in relatives of a resident or his wife’s relatives, and issuing a residence visa for them. The DG stressed that the relationship of kinship, whatever its degree, must first be proved, and if the...

Upon completion, South Bay will feature over 800 spacious villas and townhouses and more than 200 luxurious waterfront mansions Dubai South Properties announced the swift sell-out of the final phase of its South Bay development, located in the heart of Dubai South’s Residential...

Emirates has reached a settlement with the US Department of Transportation (DOT) after receiving a fine for operating flights carrying American low-cost airline JetBlue Airways’ designator code in prohibited Iraqi airspace, the Dubai-based airline confirmed. “The incidents involved 122...

Qstay currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026 Qstay, a hospitality and rental investment property management platform based in Dubai, has successfully raised $4.6m in a...

CBUAE highlighted a quarter over quarter rise of 5.7 per cent, equivalent to Dhs42.7bn, compared to about Dhs743.95bn at the end of Q4 2023 The liquid assets of the UAE’s banking sector soared to Dhs786.6bn by the end of Q1 2024, marking a year-on-year increase of 28.2 per cent or...

TAQA was in talks with Naturgy’s three largest shareholders for a possible takeover bid Spanish holding firm Criteria said on Monday it had not reached an agreement with Abu Dhabi’s TAQA over a potential joint takeover bid for Spanish gas firm Naturgy. El Mundo newspaper had...

The UAE Cabinet, chaired by His Highness Sheikh Mohammed Bin Rashid Al maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing package for citizens valued at Dhs1.682 billion. The UAE Cabinet, chaired by His Highness Sheikh Mohammed Bin Rashid...

The shareholders are offering 1.4 billion shares, equivalent to 20 per cent of the company’s total issued share capital Abu Dhabi-based Alef Education said on Thursday that it had attracted $20bn (Dhs74bn) in orders for its initial public offering (IPO) on the local bourse, amid strong...

The figures were part of the consolidated financial statement published by the UAE’s Ministry of Finance The UAE’s government recorded revenues of Dhs66.2bn($18.03bn) and actual expenditures of Dhs58.2bn in 2023. The figures were part of the consolidated financial statement...

The Central Bank of the UAE (CBUAE) together with the Bank for International Settlements Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Bank of Thailand, and the Digital Currency Institute of the People’s Bank of China, have launched the Minimum Viable Product (MVP)...