logo

News related to
Dubai

DUBAI, UAE – EQS Newswire – 2 July 2024 – EANAN Al Samma (https://EANAN.ae/), a UAE-based technology company leading the next evolutionary step in transportation through advanced air mobility (AAM), has signed a memorandum of understanding (MOU) with the University of Dubai (UD), Xi’an Jiaotong University (XJTU) and Zhuji SRJL Materials Laboratory to foster international cooperation in applied sciences and expand the dissemination of academic and research […]

The first day of the week brought a slight dip to Dubai’s gold market, with prices opening lower compared to the previous week’s closing figures. The data, compiled by the Dubai Jewellery Group, revealed a decrease of Dh0. 50 per gram for the widely traded 24K variant. This translates to an opening price of Dh281. 25 per gram on Tuesday morning, down from Dh281. 75 per gram […]

The Dubai International Financial Centre (DIFC), a prominent financial hub in the Middle East, has unveiled plans for a substantial expansion project christened DIFC Square. This ambitious development signifies DIFC’s commitment to solidifying its position as a leading global center for finance and innovation. DIFC Square will encompass three interconnected buildings offering premium office spaces and retail units. The project boasts a sprawling one million square feet, […]

The Big Reveal Will Take Place on Tuesday, 2nd July, at an Official Brokers Briefing Event Prescott Development, one of the renowned real estate developers in the UAE, proudly announces the launch of “Fairway Residences” in the rapidly growing Dubai Sports City. This stunning 14-floor architectural marvel embodies modern elegance and exceptional design, offering breathtaking views of the verdant golf course. The big reveal will take place […]

Flyers on select Emirates routes can now experience the airline’s newly refurbished Boeing 777 cabins. The airline recently revealed the first three destinations set to receive the upgraded aircraft:Geneva, Tokyo Haneda, and Brussels. Passengers flying these routes will be among the first to experience Emirates’ signature Premium Economy Class on the Boeing 777, alongside the airline’s next-generation Business Class seats in a modern 1-2-1 configuration. This announcement […]

Arabian Post Staff -Dubai Dubai’s property market continues to defy expectations, with a recent surge in mortgage transactions highlighting strong buyer demand. According to data compiled by Property Monitor, the number of mortgages issued in Dubai reached a 14-month high in May 2023. This represents a significant increase of 57. 9% compared to the previous month, with a total of 3, 359 loans recorded. This upswing marks […]

Dubai’s urban landscape is set for a significant transformation as the emirate embarks on a major public transport development drive. The ambitious plan, unveiled during a meeting of the Dubai Executive Council, aims to more than double the number of metro and tram stations by 2040. This expansion forms a key pillar of Dubai’s wider economic strategy, prioritizing sustainability and resident well-being. The current network will see […]

Advertisements

The United Arab Emirates (UAE) is experiencing a banner year, with its economy exceeding expectations and breaking records across key metrics. This robust performance follows a trend of steady growth, solidifying the nation’s position as a regional economic powerhouse. Analysts attribute the UAE’s success to a combination of factors, including a stable and business-friendly environment that attracts foreign investment. The country’s GDP reached a staggering Dh1. 68 […]

Arabian Post Staff -Dubai Dubai’s real estate market is experiencing a surge, with luxury short-term rentals leading the charge. LIVE LARGE, a Dubai-based company specializing in high-end rentals, reported unprecedented demand in the first half of 2024. Their research highlights an impressive occupancy rate exceeding 86%, a trend expected to continue throughout the summer and beyond. This surge in luxury rentals reflects the robust state of Dubai’s […]

Arabian Post Staff -Dubai Dubai’s ambitious vision for the future takes off with the Al Maktoum International Airport (DWC), a colossal project designed to solidify the emirate’s position as a global aviation leader and propel economic growth. This aviation behemoth boasts a staggering capacity of 260 million passengers annually, far exceeding Dubai’s current main airport and positioning it as a future travel hub. The DWC project reflects […]

Dubai Customs officials intercepted a staggering number of drug shipments in a recent enforcement surge, showcasing their dedication to safeguarding the region and upholding global security standards. The impressive haul, encompassing over 1, 273 seizures, highlights Dubai’s unwavering commitment to combating the illegal drug trade. At the forefront of these operations is Dubai Customs’ cutting-edge inspection technology. A cornerstone of their strategy is a sophisticated risk engine […]

Dubai has achieved a significant milestone in its housing initiatives, according to a recent announcement. Vilal Housing, a prominent organization focused on residential solutions for UAE citizens, applauded the completion of processing all residential land allocation applications submitted in Dubai by the end of 2023. This accomplishment aligns with the vision of the UAE’s leadership to ensure citizen well-being through efficient housing options. Vilal Housing expressed appreciation […]

Dubai Electricity and Water Authority (DEWA) is proud to announce the completion of its Warsan accommodation complex, the first multifamily residential project globally to achieve LEED (Leadership in Energy and Environmental Design) Platinum certification. This landmark achievement underscores DEWA’s commitment to sustainability and innovation in the residential sector, setting a new standard for energy-efficient and environmentally friendly living in Dubai. LEED is the most widely recognized green […]

Al Mal Capital REIT (AMCREIT), the first real estate investment trust (REIT) on the Dubai Financial Market (DFM), has bolstered its educational sector holdings through the acquisition of Carnation Education LLC. Carnation Education holds the freehold land and buildings of Kent College Dubai, a well-established K-12 institution. This strategic move expands AMCREIT’s portfolio diversification and strengthens its presence across multiple emirates. The company now boasts assets in […]

Dubai-listed Shuaa Capital, a leading investment and financial services company in the region, is likely to hold its former largest shareholder and its auditors accountable for discrepancies identified in the company’s 2023 financial statements. The news comes after Shuaa disclosed significant errors in its 2023 financial reporting, prompting an investigation by the company’s board of directors. The investigation revealed that certain accounting practices by the former majority […]

Arabian Post Staff -Dubai Masdar, a clean energy company from the United Arab Emirates, has emerged as a contender in the race to acquire Saeta Yield, the Spanish renewables unit of Brookfield, a Canadian asset manager. The news comes from a report published by Spanish newspaper Cinco Dias on Friday, citing unnamed financial sources. According to the report, Saeta Yield is estimated to be valued at €1. […]

French building materials giant Saint-Gobain has solidified its position in the international construction chemicals market by acquiring Dubai-based Fosroc for a cool $1. 03 billion. The all-cash deal, announced on June 27, 2024, is expected to close in the first half of 2025, following regulatory approvals. This acquisition marks a significant stride for Saint-Gobain’s ambitious growth strategy, particularly in high-growth regions. Benoit Bazin, Chairman and CEO of […]

HONG KONG SAR – Media OutReach Newswire – 28 June 2024 – The escalating global climate crisis and frequent extreme weather events demand urgent action. Hong Kong must play a significant role in addressing climate change, as highlighted by last year’s heavy rainstorm. The World Green Organisation’s (WGO) “ESG Xchange 2024: ESG for Climate Actions International Summit” will focus on ESG standards, carbon neutrality, and sustainability. The […]

Arabian Post Staff -Dubai Singapore’s DBS Bank and Dubai-based Mashreq Bank have announced a collaboration to revolutionize cross-border payments for Mashreq’s retail customers. This partnership will enable near-instant, same-day international money transfers to select markets across Asia Pacific, Europe, and the Americas. The initiative leverages DBS’s established cross-border payment solution, DBS Globesend. This platform facilitates cost-effective and transparent international transactions in up to 132 currencies across 190 […]

UAE insurers are refusing to compensate some motorists for flood-damaged vehicles following record-breaking rainfall in April. The insurers argue that these drivers disregarded safety precautions by driving through flooded roadways, constituting negligent behavior. The unprecedented downpour on April 16 caused widespread flooding across Dubai, Sharjah, Ajman, and other emirates, damaging an estimated 50, 000 vehicles. Many motorists filed insurance claims, but some are now facing rejection. The […]

Dubai and Abu Dhabi, the glitzy emirates of the United Arab Emirates (UAE), have cemented their positions as regional leaders and climbed the ranks of the world’s most liveable cities according to the Economist Intelligence Unit’s (EIU) 2024 Global Liveability Index. The report, released on June 27th, highlights the UAE’s growing strength in liveability. Both Dubai and Abu Dhabi secured spots in the coveted “very high” liveability […]

Arabian Post Staff -Dubai For decades, Abu Dhabi National Oil Company (Adnoc) embodied the image of a traditional state-controlled oil producer, content to focus on its vast reserves. However, that perception is undergoing a dramatic transformation. Armed with a $150 billion war chest, Adnoc is rapidly emerging as a major player in the global energy market, actively pursuing strategic acquisitions. This week, Adnoc sent shockwaves through the […]

The United Arab Emirates (UAE) is set to become a major player in the Horn of Africa, leveraging its economic strength and geographical proximity to establish a foothold in the strategically important region. Analysts point to the UAE’s growing investments in logistics, maritime trade, and security partnerships as indicators of its ambitions. The Horn of Africa, encompassing countries like Ethiopia, Somalia, and Djibouti, sits at the crossroads […]

Arabian Post Staff -Dubai The Saudi Tadawul Group Holding Company (STG), a leading diversified capital markets group in the Middle East and North Africa (MENA) region, has solidified its position as a key market player by finalizing the acquisition of a 32. 6% stake in DME Holdings Limited. DME Holdings Limited is the parent company of the Dubai Mercantile Exchange (DME), a prominent international commodities exchange. This […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Kochi police detain two actors over bid to honey trap doctor // Dubai boat show confirms international shipyard line-up for November // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Oil and chip shares retreat after Democratic victories // APT29-linked campaign exploits outdated Apple and Android software // Anthropic to prohibit persistent abuse of Claude chatbot // Hong Kong mandates crypto transaction disclosures to tax authorities // Asia Left Behind: Ten international companies have yet to report delivering on their cage-free egg pledges across the region // Cyberport Venture & Capital Forum 2026 Grand Opening // Ousted top Kochi cop gets IG post // Utilities pursue ₹1,992 cr in unpaid bills // Vance attributes Republican midterm defeats to Iran conflict // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Meraas showcases five residential zones at Dubai Design Week // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // As AI Reshapes Education, Singapore Convenes Global Dialogue on the Future of Early Childhood Education // Emirates Group records AED 4.1 billion half-year profit // Private varsities bill all set to face the axe // UK air traffic outage inflicted £33m financial losses // Pinarayi faults UDF over mounting road crashes //