Tag: Business

Dubai Brings New Shared Housing Rules Into Force

Dubai enforces new shared housing rules covering permits, occupancy, subletting and safety, with repeat violations carrying fines of up to Dh1 million.

Dubai Office Market Gains Momentum as Premium Supply Tightens

Dubai office demand strengthens as limited premium supply lifts rents, commercial sales and off-plan investment across the emirate in 2026.

UAE enters final stage of summer as cooler season approaches

The UAE enters the final phase of summer as Al Kulaybin and Suhail signal a gradual seasonal transition, while hot weather is expected to continue through August.

UAE ranks among top 10 countries with highest number of AI firms per capita

The UAE secures a top 10 spot globally for AI firms per capita, driven by national AI initiatives and a growing ecosystem for AI-driven businesses.

UAE IT firm Alpha Data to hold IPO in Abu Dhabi

Alpha Data plans a 40% stake sale in its Abu Dhabi IPO, aiming to raise $200 million as Middle East listings gain momentum.

PIMCO opens Dubai Office: asset managers for investors in the region

PIMCO opens Dubai office to expand investment services in the Middle East

UAE Gasoline Prices: What’s in Store for Consumers?

Fuel prices in the UAE rose in February amid market uncertainty; experts warn of further hikes due to global oil tensions, sanctions, and supply disruptions.

The world’s tallest penthouse in Burj Khalifa is on sale for $51 million

A record-breaking duplex in Burj Khalifa spanning 1,950 m² is on sale for $51M, offering panoramic views, a private pool, and unmatched luxury above Dubai.

Maksym Krippa expands its investment portfolio by 100,000 square meters in the UAE

Maksym Krippa, an entrepreneur and investor with assets in IT, esports, and real estate, spoke about projects in Dubai.

Dubai’s Omniyat secures $100 million private loan

Nomura provides a $100 million loan for Omniyat’s Dubai real estate project, marking the Japanese bank’s first Middle East property deal amid the region’s real estate boom.

Abu Dhabi boosts minerals with $1.2 billion investment

ADQ and Orion Resource Partners launch a $1.2 billion mining investment firm to secure critical minerals, focusing on Africa, Asia, and Latin America.

Abu Dhabi’s M42 ready to work with US and Chinese tech

M42, Abu Dhabi’s AI-driven healthcare firm, focuses on US partnerships while remaining open to global tech, as it expands AI and genomics initiatives.

Abu Dhabi’s Eagle Hills plans $6 Billion Georgia projects

Eagle Hills plans large-scale developments in Tbilisi, Batumi, and Gonio, boosting Georgia’s economy with new housing, retail, and commercial spaces.

Business