News

Dubai luxury property market extends record-breaking growth

Dubai's luxury property sector continues attracting global investors as strong demand, premium developments and economic growth drive record market performance.

DP World expands UAE port network with two new eastern terminals

DP World will build two new port terminals on the UAE's eastern coast, strengthening logistics, expanding cargo capacity and supporting long-term trade growth.

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.

Al-Mal Capital Appoints Sanjay Vegh as CEO

Al Mal Capital and its subsidiaries, a firm specializing in asset management, investment services, and brokerage operations, have announced the appointment of Sanjay Vig as the new Chief Executive Officer. The company is licensed by the Securities and Commodities...

Dubai and Emirates NBD Aim to Strengthen Financial Resilience with 86 Private Sector Companies

The Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, organized an interactive dialogue in cooperation with Emirates NBD, a leading banking group in the Middle East, North Africa, and Turkey. This forum...

Agreement for a 20 Billion Dirham Swap Between the UAE Dirham and the Bahraini Dinar

The Central Bank of the United Arab Emirates and the Central Bank of Bahrain have signed a currency swap agreement involving the UAE dirham and the Bahraini dinar during a virtual signing ceremony. The nominal value of this swap...

Space 42: Our Operations Are Running Smoothly and Thuraya Services Continue Without Interruption

Space 42 has confirmed that its operations are running smoothly without any disruption to the services provided to clients. In a recent statement, the company affirmed that all services and infrastructure remain fully intact and it is continuing to...

Tourism in Dubai Surpasses Challenges

The tourism and hospitality sector in Dubai demonstrates substantial operational resilience, thanks to its ability to quickly adapt to regional and global challenges. This adaptability is reflected in the rapid adjustment of operational strategies and service diversification in line...

Rashed Bin Hamid Presides Over the 10th Annual Meeting of the “Aims Group” General Assembly

The Annual General Meeting of «Imes Group» convened for its tenth session, led by Sheikh Rashid bin Hamid Al Nuaimi, Chairman of the Board and Head of the Ajman Municipality and Planning Department. The meeting was attended by board...

Etihad Airways to Launch Flights to Dhaka Next June

Etihad Airways has announced the launch of a seasonal service to Dhaka, Bangladesh, starting from June 26, 2026, aimed at strengthening trade and cargo connections across the South Asia corridor.According to Etihad Airways, the service will operate four flights...

MSCI Emerging Markets Index Highlights Strong Rise of Dubai Market

Emerging market assets experienced a significant surge on Wednesday, with a key index tracking stocks in these economies on track for its best session since March 2020, buoyed by a ceasefire agreement between the United States and Iran.The MSCI...

Altemit Power Solutions Explores Expansion Opportunities in the UAE to Meet Growing Demand

The Al-Tameet Power Solutions group, recognized for its electric generator manufacturing at the Sharjah International Airport Freezone, has confirmed that its production operations are running smoothly, despite the global challenges stemming from rising energy costs and raw material prices,...

Fuze Appoints Khalifa Al-Fahim as Director of Regulatory Affairs

Fuze has announced the appointment of Khalifa Mohammed Al-Fahim as the new Director of Regulatory Affairs. This strategic move aims to enhance communication between the company and regulatory bodies, ensuring that all its activities align with established legal and...

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