July 2021 — Topical news of the United Arab Emirates

July 31, 2021 no comments 225
Increased COVID-19 vaccination and return of tourists fuel demand UAE - Gold jewellery demand in the UAE jumped 461 per cent in the second quarter to 7.3 tonnes as compared to 1.3 tonnes during the same period last year as consumer confidence improved due to increased Covid-19...

July 31, 2021 no comments 198
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of the Emirate of Dubai, issued Resolution No. (19) of 2021, regarding the reduction and cancellation of some fees and financial allowances in Dubai. The reduction and...

July 31, 2021 no comments 153
Emirates Airlines is offering one complimentary Expo 2020 day pass for anyone who travels to Dubai between Oct.1, 2021 and March 31, 2022. The Emirates Expo 2020 Dubai single‑day pass offer is open to all Emirates passengers who have purchased a ticket for arrival in Dubai between...

July 31, 2021 no comments 143
Dubai was also listed among the world's fastest 5G cities UAE - Abu Dhabi has ranked among the world's three fastest 5G capitals in the 5G network index, with the fastest median download speeds of 421.26 Mbps in the first half (H1) of 2021, according to the latest data from Ookla, a...

July 31, 2021 no comments 139
The Dubai Land Department's weekly report said 88 plots were sold for $169mln, 1,135 apartments and villas were sold for $618mln DUBAI - A total of 1,617 real estate and properties transactions were valued at 5.4 billion during the week ending 29 July 2021, according to Dubai Land...

July 30, 2021 no comments 150
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...

July 30, 2021 no comments 156
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...

July 30, 2021 no comments 130
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...

July 29, 2021 no comments 148
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...

July 29, 2021 no comments 334
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...

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