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Dubai adds 12 new hotels, paves way for 40 more by year-end

Dubai’s hospitality sector is surging ahead, with 12 new hotels and over 2,700 rooms added in the first half of 2024, pushing the city’s total to 716 hotels offering nearly 149,750 rooms.

Covid-19 pandemic buyers reap millions as property prices soar in Dubai

Dubai has become a hot spot for property investors, with thousands of expats and high-net-worth individuals flocking to the city. Experts note that property...

Gulf markets drift downward amid oil slump and rising tensions

Oil prices, a crucial driver for the Gulf's financial markets, dipped as investors reassessed the effectiveness of China's stimulus plans to bolster economic growth...

Aramco goes global with Dollar Sukuk

According to a filing on the Tadawul exchange, the sukuk will represent direct, unsubordinated, and unsecured obligations of SA Global Sukuk Limited. The size...

Here’s how a Dubai startup is turning old cars into electric vehicles

Dubai-based entrepreneur Zack Faisal plans to turn petrol and diesel cars into fully electric vehicles at half the cost of new ones.

UAE announces women mandatory on board of directors for some firms from 2025.

The United Arab Emirates on Wednesday announced mandating private joint-stock companies in the country to allocate at least one seat for women on their...

Dubai Taxi Company gears up for expansive fleet with 300 new plates

This latest acquisition pushes DTC’s fleet to nearly 6,000 vehicles, increasing its market share to 46%. The expanded fleet is expected to drive AED100 million...

Abu Dhabi’s new traffic patrol takes safety to the digital fast lane

Brigadier Mahmoud Yousef Al Balushi, Director of the Traffic and Security Patrols Directorate, emphasized that this digital patrol will significantly enhance traffic safety culture....

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