The funds will be distributed in the UAE by locally licenced promoters, including onshore conventional and Shariah-compliant consumer banks Global investment management firm Franklin Templeton said on Monday that it is launching seven feeder funds in the UAE targeted at retail...

Dubai’s hotel sector continues to perform well, with an average occupancy rate of 78.7 per cent, up from 77.7 per cent in the same period in 2023 Dubai welcomed 9.31 million international overnight visitors from January to June 2024, marking a 9 per cent increase from the 8.55 million...

The increase in road capacity aims to reduce reduce travel time for traffic coming to the mall from Abu Dhabi and Umm Suqeim The Roads and Transport Authority (RTA) has awarded a contract for widening and improving the entrances to Mall of the Emirates and the surrounding streets and...

DTC said its taxi segment benefited from higher tariffs, and an increased number of dedicated airport taxis, in the reporting period Dubai Taxi Company (DTC) announced its financial results for the first half of 2024, showcasing a robust performance with significant growth across all...

Dubai Islamic Bank, Mashreq Bank, Abu Dhabi Commercial Bank and First Abu Dhabi Bank acted as underwriters on the financing facility Dubai’s GEMS Education secured a new sustainability-linked financing facility from a consortium of local lenders. The facility, along with the...

Under the guidance and support of His Highness Sheikh Mansour Bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of the Board of Directors of the Abu Dhabi Agriculture and Food Safety Authority (ADAFSA), the authority has launched the Abu...

The ranking marks a significant rise for the UAE, which has climbed from 62nd to 9th position, over the past 18 years The UAE has secured a spot in the top 10 of the world’s most powerful passports, according to the Henley Passport Index released on Tuesday. The UAE now ranks 9th,...

The number of humanitarian and relief aid convoys sent by the UAE to the Gaza Strip has reached 100 since the launch of ‘’Operation Chivalrous Knight 3''. This contributed to alleviating the suffering of the Palestinian brothers from the repercussions of the war. The first relief aid shipment...

In line with the partnership with Eversendai, Emirates Steel will supply premium steel beams for the construction of the ski village Emirates Steel, a key entity within the Emirates Steel Arkan Group and one of the largest publicly traded steel and building materials manufacturers in...

According to Bayut’s report, Abu Dhabi real estate market demonstrated a strong performance in H1 2024, making it an attractive option for local and international investors Abu Dhabi’s property sales and rental sectors have shown strong growth in H1 2024, revealed Bayut, UAE’s leading...