Financial soundness indicators remain healthy, boding well for future performance The UAE will have a full recovery in 2022 while pivoting to positive growth this year after recording a deep contraction in 2020, the Central Bank of the UAE said on Thursday. The road to full...

Dubai on Thursday announced COVID-19 precautionary measures for the Holy Month of Ramadan, which includes ban on Ramadan tents as well as Iftar and donation tents. According to the guidelines individuals can perform Taraweeh prayers in mosques in Dubai on the condition that precautionary...

His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Thursday, "Rahmania Mall," the first community and entertainment destination in Al Rahmania, Sharjah. The mall extends over an area of 60,000 square metres, at a cost of Dhs400...

Board of directors recommends not to distribute 2020 payout to shareholders Emaar Development, a subsidiary of Dubai’s largest listed developer Emaar Properties, is considering a proposal to withhold the distribution of dividends to shareholders. The plan, proposed by the...

The pandemic has changed the lives of many people. Tenants and landlords alike are now less inclined to commit to yearly contracts UAE - Tenant enquiries for short-term or month-by-month rentals for residential units is an emerging trend in Dubai as the market recovers from the...

The court in charge of the fight against money laundering and tax evasion within the Abu Dhabi Judicial Department (ADJD) convicted 4 accused persons, all Asians, and a company owned by one of the accused, for committing money laundering and fraud against 4,000 victims of the same nationality...

Ambitious vision set by Dubai to entice more foreigners to settle in emirate, says analyst The new 2040 Urban Master Plan, which seeks to make Dubai the world’s best city to live in, will finally address the huge housing supply glut in the emirate, according to a property analyst....

The UAE jumped six places to emerge as the 13th most preferred destination to work worldwide The UAE’s attractiveness as a preferred place to work among foreign professionals continues to improve, thanks to its strong response to contain the Covid-19 outbreak, which strengthened the...

The civic authorities have been hard at work to carry out periodic maintenance for each building The Sharjah City Municipality authorities are pulling out all stops to extend the life expectancy of buildings. Thabit Al Tarifi, Director-General of the Sharjah City Municipality,...

The survey is entitled ‘Entrepreneurship in the Middle East and North Africa 2021’ Almost two-thirds (62%) of UAE residents prefer to be self-employed/have their own business if given the choice, according to a new survey conducted by Bayt.com, a leading job site in the region, and...