News

UAE Presses Ahead With Landmark Megaprojects Despite Regional Tensions

The UAE continues investing in transport, tourism and cultural megaprojects despite regional tensions, reinforcing its long-term economic growth strategy and global ambitions.

DAMAC Unveils Final Tower of Chelsea Residences by DAMAC as Demand Stays Strong

DAMAC has unveiled the final tower of Chelsea Residences in Dubai, offering sea-view homes, football-inspired amenities and luxury branded waterfront living.

Buyer Confidence Holds Steady as Dubai Property Market Finds Stability

Property Finder reports stable buyer demand in Dubai as expectations for property price declines weaken and market conditions show increasing signs of stability.

UAE Launches New Port Project to Reduce Reliance on Strait of Hormuz

The UAE is developing a new port in Fujairah to reduce reliance on the Strait of Hormuz, strengthen supply chains, and enhance regional logistics resilience.

Dubai Residential Property Prices Record First Decline Since 2020

Dubai home prices posted their first significant decline since 2020 as demand softened, transaction volumes fell, and the market entered a new correction phase.

€1.4bn Albanian Resort Project Faces Growing Opposition

A €1.4bn Albanian resort backed by Affinity Partners faces environmental protests, regulatory scrutiny, and investment risks despite government support.

UAE Prepares to Launch Its First Inter-Emirate Passenger Railway

The UAE will launch its first passenger railway linking Abu Dhabi, Dubai, and Fujairah, improving connectivity, mobility, and long-term real estate investment opportunities.

UAE Launches Construction of a New Port to Bypass the Strait of Hormuz

The UAE is building a new port in Fujairah to bypass the Strait of Hormuz, strengthen supply chains, and improve regional logistics amid rising geopolitical tensions.

British Buyers Lead Dubai’s International Property Market in 2026

British investors became Dubai's largest foreign property buyers in 2026, driven by strong rental demand, tax advantages, and long-term investment opportunities.

Emirates NBD Reports Quarterly Profit of 6.4 Billion with 3% Growth

حقق بنك الإمارات دبي الوطني صافي ربح 6.4 مليارات درهم في الربع الأول من العام الجاري بنمو نسبته 3 % مقارنة بالفترة ذاتها من عام 2025، فيما بلغت الأرباح قبل احتساب الضريبة 8.2 مليارات درهم بزيادة 6 %.وارتفع إجمالي...

Emsteel Announces Stability in Its Prices for Steel and Construction Materials

The Emsteel Group, a leading manufacturer of steel and integrated construction materials, has announced its commitment to supporting market stability in the UAE by maintaining price discipline across key local products, including rebar. The company aims to ensure a...

Dubai Taxi Acquires 600 New Taxi License Plates

Dubai Taxi Corporation, a leader in comprehensive mobility solutions in the city, has announced its acquisition of 600 new taxi plates during the recent auction held by the Roads and Transport Authority (RTA) of Dubai. This strategic move is...

Bank and Real Estate Stocks Boost Dubai Market at the Start of Trading

The indicators of local financial markets exhibited mixed performance at the outset of trading on Thursday. The Dubai index climbed by 0.82% to reach 5,864 points, fueled by gains in leading banking and real estate stocks, particularly Emaar Properties...

دو” Introduces Advanced Solutions for Data Protection and Business Continuity in the UAE

Du, a leading company in communication and digital services, has unveiled two new offerings aimed at reinforcing the UAE's status as a regional hub for digital resilience and data protection. These offerings include a Risk Data Protection and Continuous...

European Stocks Drop as Investors Assess Middle East Developments and Earnings Results

European stocks experienced a decline on Thursday, influenced by increasing concerns over maritime traffic in the strategic Strait of Hormuz, which impacted investor sentiment as the market evaluates a wave of corporate earnings reports. The Stoxx 600 index fell by...

20 Years of Achievements in the Clean Energy Sector

This month, Abu Dhabi Future Energy Company, known as "Masdar," celebrates its twentieth anniversary, reflecting on its ongoing progress and achievements as a leader in the development of clean energy solutions and technologies.His Excellency Dr. Sultan Ahmed Al Jaber,...

Dubai’s Rooms and Dubai Islamic Bank Present Banking Solutions for the Private Sector

The Dubai Chamber of Commerce, part of Dubai’s three chambers, in collaboration with Dubai Islamic Bank, hosted an interactive dialogue that gathered 93 representatives from the business community. This meeting aimed to explore advanced banking solutions that support the...

Islamic Sukuk Auction Attracts 5.20 Billion Dirhams in April

The Ministry of Finance, in collaboration with the Central Bank of the UAE as the issuing and paying agent, has announced the successful auction of Islamic Treasury bonds denominated in UAE dirhams for April 2026, with a total issuance...

Dubai-Based Developer “AMIS” Secures Additional Funding Following Commitment of 5 Billion Dirhams from Singaporean Investment Fund

Recently, the Dubai-based real estate developer AMIS secured new funding after a commitment of 5 billion dirhams from a leading Singaporean investment fund, further strengthening the ongoing partnership between the developer and the fund.These investments and the continued influx...

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