1,508 recoveries announced in last 24 hours ABU DHABI - The Ministry of Health and Prevention (MoHAP) announced that it conducted 302,236 additional COVID-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Thursday, the Ministry...

Swvl is expected to be the first $1bln-plus unicorn from the Middle East to list on Nasdaq Swvl, a Dubai-headquartered transport technology startup and Queen’s Gambit Growth Capital have signed a merger deal that would result in Swvl being listed on Nasdaq. Queen's Gambit Growth...

The Khalid Port Customs at Sharjah has foiled an attempt to smuggle a shipment of crystal meth weighing 93 kilogrammes and about 3,000 methadone tablets into the country through the port. The suspects concealed the drugs under a refrigerator carrying foodstuffs coming from an Asian...

The transaction is scheduled to close on August 2, 2021 Abu Dhabi’s Mubadala Investment Company has made an investment worth approximately $250 million in Certara, a Nasdaq-listed biosimulation company. Mubadala and certain existing institutional shareholders of Certara, including...

Dubai port operator reports over 17% growth in container volumes Dubai-based port operator DP World warned that growth rates could moderate in the second half of 2021 as it reported handling higher volume at its container terminals in the second quarter. “The near-term outlook...

In the first half of 2021, the Dubai real estate market had 17,434 secondary transactions worth $12.76bln The Dubai property market witnessed high transaction volumes in the first six months of the year, registering a total of 27,373 deals, collectively worth AED 61.97 billion ($16.89...

The National Disinfection Programme has started on July 19 from midnight until 5am, Lt. Colonel Jaber Al Mansouri, Head of Department of Serious Accident Investigation at the Traffic and Patrols Directorate, Abu Dhabi Police, said. According to the decision of the State Attorney...

Villas are reportedly seeing significant uptake compared to apartments and townhouses House prices in Dubai during the second quarter of 2021 accelerated at their fastest pace since 2014, global property consultancy firm Knight Frank revealed. The average transacted prices of...

Mortgage Finder says average mortgage amount rose 24% from H2-2020 Dubai’s mortgage market is showing signs of recovery with the number of completed mortgages having doubled between H2 2020 and H1 2021, said consultancy firm Mortgage Finder. The consultancy firm, which is part of...

LFIs should develop, implement and regularly update an appropriate sanction compliance programme The Central Bank of the UAE (CBUAE) on Monday issued a new guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions...