The government’s debt stock could fall even faster if the reduction in nominal debt continues over the coming years Dubai’s government debt load will decline as a share of GDP in 2023, S&P Global said in a report, citing the robust economic growth that is set to benefit from the...

What does the UAE law say about sick leave for employees in the country? UAE employees are already looking forward to the next public holiday, with Eid Al Adha expected to fall from June 27 to 30. While official holidays are something workers across the country can look forward...

More than 3,100 Dubai real estate transactions as $2.5bn change hands The Dubai real estate sector saw 3,105 transactions, worth AED9.1bn ($2.5bn), this week. In the week ending May 19, the Dubai Land Department said 191 plots were sold for AED1.14bn, and 2,284 apartments and...

Prosecutors issue reminder of fines and potential jail term for slander on an information network The public have been reminded about the dangers of using foul language to express anger or insult others online. It is illegal in the UAE to swear or slander someone on an information...

UAE Ministry of Finance advises public to only take information from official sources The UAE has warned residents and citizens to rely on official announcements for information about corporate tax in the country. The Ministry of Finance (MoF) said posts circulating on social...

Artificial intelligence identifies 5 typical risks when investing in property in Dubai AI-powered Dubai property company Realiste has identified the top five risks of investing in Dubai’s real estate market. Using artificial intelligence data and insights it aims to provide...

Proceeds of the sukuk will be used in accordance with Aldar’s Green Finance Framework to finance green initiatives and acquisitions Aldar Properties subsidiary and real estate management company Aldar Investment Properties (AIP) has raised $500m through its inaugural green sukuk....

UAE train operator Etihad Rail teams up with Italy’s Arsenale Group for luxury sightseeing The UAE is set to introduce luxury rail cruises across the country. National railway operator Etihad Rail has teamed up with luxury Italian hospitality specialist the Arsenale group to...

The RTA has said it will make improvements to the journey times of 48 other routes in addition to the new bus routes Dubai’s Roads and Transport Authority (RTA) is set to launch three new metro link bus routes in Dubai on May 19. The step aims to expand the reach of the local bus...

The agreement will see the establishment of a joint venture company that will enable DHL to use Etihad Rail’s network to conduct its main operations within the UAE Etihad Rail, developer and operator of the UAE National Rail Network, and DHL Global Forwarding, have signed a 20-year...