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Dubai to invest Dh128 bn in Phase II of Al Maktoum International Airport

By Saifur Rahman Dubai Government will invest Dh128 billion (US$34.87 billion) in developing the world’s largest airport terminal at Al Maktoum International Airport, part of the 140-square km Dubai South Aerotropolis, which has a design-built capacity to handle 260 million passengers per annum. Al Maktoum International Airport will cover 70 square kilometres, or half of the 140-square kilometre Dubai South, which is ten times the size of […]

The Science of Conversion-Driven Web Design in Dubai

In the bustling city of Dubai, where business growth and technological advancements are always in full swing, the importance of an effective online presence cannot be overstated. Web design and development have evolved into more than just creating a visually appealing website; it’s about crafting an experience that converts visitors into customers. This is where the principles of conversion-driven design come into play, especially in a competitive […]

Maximizing ROI With Top  Influencer Marketing Agency In UAE

Does an influencer marketing agency in UAE maximize ROI? The debate is in full swing. But why? Is the logic behind this the effectiveness and efficiency of influencer marketing agencies? Take a look at this comprehensive breakdown of how these agencies help brands increase their return on investment. According to the study ‘The State of Influencer Marketing in UAE 2023’ conducted by Khaleej Times, influencer marketing is […]

Dubai Land Department names Nimrah Rao among top 5 women real estate brokers

Associate Director of Tabani Real Estate Honored for Excellence in Dubai’s Real Estate Market In a prestigious ceremony recognizing the finest in real estate, the Dubai Land Department has honored Nimrah Rao, Associate Director at Tabani Real Estate, as one of the top 5 women real estate brokers of 2023. This recognition highlights her outstanding contribution and commitment to Dubai’s real estate sector. Nimrah Rao’s year has […]

Survey reveals divided opinion over legalising casinos in Dubai

K Raveendran A survey undertaken by Dubai Casinos, proclaiming itself to be the vanguard in the realm of casino guidance and expertise in the UAE, about the idea of legalising casinos in the emirate has revealed that 42.2 percent of the respondents opposed such a move. The main reason cited was the potential clash between Emirati culture and the gambling scene. But 28.8 percent were neutral and […]

Dubai real estate may be headed for a slowdown

K Raveendran While the Dubai real estate market is undoubtedly hot, experts are predicting a possible slowdown in 2024. This could lead to price moderation and selective buying are expected, although the scope for a  significant market corrections is seen  unlikely. Dubai’s real estate market has been on a tear in recent years, fuelled by a surge in foreign investment, strong economic growth, and government reforms. However, […]

Dubai Municipality to showcase Food Systems Program at Gulfood 2024

Dubai Municipality will review its integrated digital programs and services aimed at enhancing Dubai’s food sector at its pavilion at Gulfood 2024 to be held from February 19 to 23 at Dubai World Trade Centre, The event, which is set to host over 5,500 exhibitors, will serve as an innovative platform for the Municipality to showcase its efforts to enhance food safety and quality in the Emirate of Dubai. […]

Canadian firm secures Dubai VASP licence

Arabian Post Staff Crypto infrastructure provider Aquanow announced it has been awarded its Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). The license remains non-operational until the company fully satisfies all remaining conditions and select localization requirements defined by VARA, following which it will be able to commence operations, subject to regulatory reverification and approval. The company, headquartered in Vancouver, Canada has worked […]

Drone show adds to Dubai’s new year thrills

An amazing drone show which featured 5,000 drones added to Dubai’s New Year celebrations this year as fireworks just wowed the visitors at Burj Khalifa. Abu Dhabi and Ras Al Khaimah joined in the celebrations, with record-breaking fireworks. Dubai Metro and Tram ran for an extended period, running non-stop for 40 hours from midnight, a senior official of the Roads and Transport Authority (RTA) said. burj24

Dubai Airports achieves sustainability milestone

Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has announced the successful achievement of a 60% reduction in waste sent to landfills from DXB. This achievement marks a significant leap in Dubai Airports’ broader sustainability goal to reduce DXB’s carbon footprint, while setting an industry standard and inspiring its guests to be more environmentally conscious. Dubai Airports’ waste management initiative outlined an […]

Emirates places orders for 95 Boeing 777s and 787s worth $52 billion

Saifur Rahman Emirates Airline, the world’s largest international airline, placed firm orders for 95 additional wide-body aircraft worth US$52 billion (Dh190 billion) at list price, taking its total order book to 295 aircraft. Emirates has also updated its previous order of 30 Boeing 787-9s, increasing its commitment to a total of 35 Dreamliners comprising: 15 Boeing 787-10s, and 20 Boeing 787-8s. “Already the world’s biggest operator of wide-body passenger […]

Flydubai places US$11 billion order for 30 Boeing 787 Dreamliners

Saifur Rahman The Dubai-based state-owned budget carrier, Flydubai signed an agreement with Boeing Commercial Airplanes to purchase 30 Boeing 787-9 Dreamliners, worth US$11 (billion Dh41 billion) at list price, as the airline diversifies its fleet with the introduction of wide-body aircraft. This is the first order for wide-bodied aircraft by Flydubai. Inducting wide-bodied aircraft will help Flydubai to carry more passengers per flight and could offer better […]

Dubai real estate sector faces risk of cyclical reverse

K Raveendran As real estate prices continue to rise in Dubai, the risk of a cyclical reversal is mounting, rating agency Standard & Poor’s has said in a report.   The agency, however, adds that the Dubai developers are well prepared for such a turn of events. S&P estimates that prices will increase 15%-18% in 2023 and by another 5%-7% in 2024 as the Dubai market gradually slows […]

Dubai named world’s relocation city of choice

Dubai is the number one city people want to relocate to, the results of a survey conducted by digital financial services provider Remitly revealed. The list had 60 countries. With the prospect of working and living abroad an enticing possibility for many, it’s no surprise that international migration has increased over the past five decades, standing at a historical high. Taking this into account, Remitly analysed global […]

Emirates Group reports record profits of $2.7 billion

Saifur Rahman, Executive Editor State-owned Emirates Group — which includes Emirates Airline, the world’s biggest carrier of international passengers and its ticketing and ground handling subsidiary Dnata, reported a 138 percent jump in profits to a record Dh10.1 billion (US$2.7 billion), for the first half of the 2023-2024 financial starting from April 2023 till September 30, 2023, compared to Dh4.2 billion (US$1.2 billion) reported for the corresponding period […]

Dubai signs memos to enhance digital ecosystem

Arabian Post Staff Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has signed four Memorandums of Understanding (MoUs) to enhance the emirate’s digital ecosystem. The agreements with Mastercard, RemotePass, Tokio Marine & Nichido Fire Insurance, and Silkhaus were inked during the Dubai Business Forum, an influential global gathering of businesses and investors held from 1-2 November at Madinat […]

DIEZ launches AED500 million venture capital fund to finance technology startups

DUBAI, 1st November, 2023 (WAM) — Under the patronage of His Highness Sheikh Mohammed bin Rashid Al

Mansoor bin Mohammed attends launch of fourth edition of ‘Emarat AlAman’

DUBAI, 31st October, 2023 (WAM) – H.H. Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman o

Backpack announces launch of new crypto exchange

Backpack, the all-in-one web3 wallet and company behind Mad Lads, the No. 1 NFT collection by market cap on Solana, today announced the launch of a regulated cryptocurrency exchange. Trek Labs Ltd FZE, which will launch under the name Backpack Exchange, has officially been issued the Virtual Asset Service Provider (VASP) license for Exchange Services from the Dubai Virtual Assets Regulatory Authority (VARA), which supervises and regulates […]

Maktoum bin Mohammed meets with Ren Deqi, Chairman of China’s Bank of Communications

DUBAI, 21st October, 2023 (WAM) — His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, F

Maktoum bin Mohammed meets Chairman of China’s Bank of Communications

RTA releases 8th Sustainability Report 2022

DUBAI, 21st October, 2023 (WAM) — Dubai’s Roads and Transport Authority (RTA) has released its eigh

Dubai residential prices up 34%

Sales prices for residential property in Dubai have risen by up to 34 per cent in some areas in the last year, with commercial property increasing as much as 29 per cent, according to real estate advisory, Chestertons MENA. Rental rates for homes have climbed by up to 36 per cent, with commercial leasing rates seeing hikes of more than a third in some business zones. Chestertons […]

Off-plan sector dominates Dubai real estate

Arabian Post Staff Dubai’s real estate market has recorded yet another surge during Q3 2023, according to data by the Dubai Land Department. The city has witnessed a 40% increase in total value of transactions worth of AED 97.55 billion and a 22% increase in the total number of transactions at 31,216 when compared to the same period last year. The areas that have recorded the highest […]