According to the real estate trading index published by DMT, the real estate sector in the emirate recorded 1,722 real estate purchase and sale transactions worth $1.18bln and 1,582 mortgage transactions worth $1.88bln ABU DHABI - The Department of Municipalities and Transport (DMT)...

Proceeds will be used to finance projects under bank’s development mandate Saudi Arabia-based Islamic Development Bank (IsDB) has listed a $1.6 billion sukuk on Nasdaq Dubai. A first for IsDB this year, the new listing brings the total value of sukuk listed in Dubai to $77.5...

The Abu Dhabi Emergency, Crisis and Disasters Committee has approved a return to 100 percent operating capacity in all commercial activities, tourist attractions, and events in the emirate. It has also approved an extension of the green pass validity period from 14 to 30 days for those who are...

Jewellery consumption in UAE reached 12.5 tonnes in first quarter of 2022 The UAE’s gold retail market had a great start to the year, as jewellery demand surged to its highest level in about five years in the first quarter, thanks to high visitor traffic during Expo 2020 and improved...

Eid Al Fitr is expected to be celebrated on May 2, according to astronomical estimates. UAE authorities are preparing to mark the Eid with best possible, incident free. Mosques across the country have issues guidelines and regulations for Eid prayers citing the COVID-19 concerns,...

Dubai is among the global cities that are a magnet for executives working remotely. Lisbon ranked first and Miami second. This is according to research conducted by Savills, which described Dubai as a well-established commercial centre for expatriates, and the list included...

Bank cited higher revenue across net interest underpinned by solid loan growth for increase in net profit Commercial Bank of Dubai (CBD) has announced a net profit of AED 431 million ($117 million) for Q1 2022, with assets reaching AED 119 billion. The bank’s profit jumped 32.6%...

Dubai Airports has announced the enhancement of the operational capacity at Dubai World Central Airport (Al Maktoum International Airport). The strong infrastructure will improve the passenger experience and facilitate their journey during the closure of the northern runway at Dubai...

Utilities company confirms spending spree after it began trading on DFM earlier this month Dubai’s utility company is to invest AED 40 billion ($10.89 billion) in capital expenditure over the next five years, it was confirmed today. Dubai Electricity & Water Authority (DEWA)...

The Sharjah Waste to Energy plant is the first project of Emirates Waste to Energy, a joint venture established by BEEAH Energy Construction of the UAE's first waste-to-energy plant has been completed, with the project now entering the testing and commissioning phase. The Sharjah...