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.

Collaboration Between “Soud Foundation” and Ruya Bank to Support Projects in Ras Al Khaimah

The Saud bin Saqr Foundation for Youth Project Development has signed a Memorandum of Understanding (MoU) with the Ruya Bank to enhance banking services for the business community. This initiative aims to support the growth of member companies within...

Dubai Chamber and Mashreq Bank Showcase Financial Solutions for Businesses

The Dubai Chamber of Commerce, one of the three chambers operating under the Dubai Chambers umbrella, has collaborated with Mashreq, a leading financial institution in the Middle East and North Africa, to host an interactive dialogue with 82 representatives...

Memorandum of Understanding Between “Abu Dhabi Global Market” and “Futian” Region in China

Abu Dhabi Global Market (ADGM) has announced the signing of a memorandum of understanding with the government of the Fuzhou region in the People's Republic of China, marking a significant step in enhancing economic and financial collaboration between Abu...

Strategic Merger Strengthens the Aluminum Industry and Building Facades in the UAE

RMK Industries, based in Dubai, has officially entered into an agreement to merge its aluminum composite panel (ACP) activities with those of International Development Center for Metal Industries (IDCMI), a subsidiary of the International Development Center (IDC). This strategic...

Abu Dhabi Reports 1.8 Million Dirhams Worth of Non-Compliant Goods in 2025

The Abu Dhabi Registration Authority (ADRA), part of the Department of Economic Development in Abu Dhabi, revealed that in 2025, the value of counterfeit and non-compliant goods seized during inspections and campaigns to protect trademarks exceeded 1.8 million dirhams....

DB World Enhances Supply Chain Resilience Through Multimodal Transport Solutions

Amid ongoing challenges facing global shipping routes and their impact on international trade flows, DP World reaffirms its commitment to assist customers in ensuring the smooth movement of goods. This is achieved by integrating maritime, land, and rail transport...

UAE Development Provides Record Monthly Funding of One Billion Dirhams

The Emirates Development Bank, a key driver of economic diversification and industrial transformation in the UAE, has announced record monthly financing approvals amounting to 1 billion dirhams. This accomplishment plays a significant role in positioning the UAE as a...

Fly Dubai Launches Daily Flights to Bangkok Starting July 1

Flydubai has announced the launch of its flights to Don Mueang International Airport (DMK) in Bangkok starting July 1, 2026. This will mark the airline’s second destination in Thailand, alongside Krabi. The airline will operate daily flights between Dubai and...

Ras Al Khaimah Customs Signs Memorandum of Understanding to Enhance Logistics Services System

The Ras Al Khaimah Customs Department has formalized a Memorandum of Understanding (MoU) with the National Logistics Services Network (NXN), a division of Seven X (7X). This collaboration aims to enhance the logistics service framework and improve the operational...

Mitraid Global Secures License from the Securities and Commodities Authority

Mitrade has officially secured a license from the Securities and Commodities Authority in the United Arab Emirates, allowing it to enter one of the most active trading markets in the Gulf region. This development comes at a time when...

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