The UAE’s digital economy prior to Covid-19 contributed 4.3% to the country’s GDP The UAE recorded an increase in online consumer spending primarily driven by a 21 per cent jump in the number of online shops as the world witnessed an exponential boom in retail eCommerce with an...

The Ministry of Health and Prevention (MoHAP) announced 1,798 new coronavirus cases, bringing the total number of recorded cases in the UAE to 489,495. As part of its intensified testing campaign, MoHAP announced that it conducted 256,181 additional COVID-19 tests over the past 24 hours,...

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai chaired a meeting of the Council of Ministers at Al-Watan Palace on the preparations for Expo 2020 Dubai. Sheikh Mohammed said on Twitter, “Today I chaired a meeting of the Council of...

The Dubai firm began its public share sale on April 4 DUBAI- Logistics firm Tristar has dropped plans for an initial public offering (IPO) in Dubai, with sources saying the deal did not attract enough investor demand. The move, which confirms what the sources had earlier told...

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has ordered the payment of bonuses totalling over Dhs14 million to citizens whose taxi number plates are used by the Dubai Taxi Corporation and Taxi Franchise...

The Ministry of Health and Prevention (MoHAP) reported 2, 022 new coronavirus cases on Tuesday. In addition to the positive cases, 1,731 people recovered and four people passed away. Using state-of-the-art medical testing equipment, the ministry conducted additional 266, 023 COVID-19...

Alpha Dhabi recently bought a stake in Aldar Properties Abu Dhabi-based conglomerate International Holding Co. (IHC) has acquired a 45 percent stake in Alpha Dhabi Holding, a real estate and construction group. IHC, listed on Abu Dhabi stock exchange, acquired a 94 percent stake...

Expats become homeowners, thanks to low interest rates, higher LTV More buyers have poured into the UAE property market this year, with some of the UAE’s leading real estate developers generating billions of dirhams in sales recently. Aldar, the biggest property firm in Abu...

Ports company said it had entered a strategic partnership with Fakeeh University Hospital Dubai’s DP World will expand its presence in the healthcare sector by managing the logistics and supply chain needs of Saudi-backed Fakeeh University Hospital, the ports company revealed today....

ADGM names Mark Nicholas Cutis as CEO of ADGM Authority Abu Dhabi Global Market (ADGM), the international financial centre in the emirate, has approved setting up the ‘ADGM Authority’ and named Mark Nicholas Cutis as its chief executive officer. The new authority will play a...