News related to
Dubai

Dubai’s super-efficient system major attraction to businesses

Arabian Post Staff Driven by a convergence of state and private IPO listings, a subsequent increase in financial services fees and a growing population of high-net-worth individuals, Dubai’s tax-efficient and demonstrably resilient economy has not only bolstered the emirate’s appeal for foreign direct investment, but provided a valuable incentive for banks, brokerages, and law firms to either shore up their presence, or establish one. This is the […]

UAE’s Work Bundle Now Covers All Emirates

The United Arab Emirates (UAE) has taken a significant step towards enhancing business efficiency and attracting foreign talent with the nationwide rollout of its “Work Bundle” initiative. Previously piloted in Dubai, the program streamlines work permit and residency visa procedures for private sector companies, investors, and individuals through a unified online platform – WorkInUAE. ae. Launched by the UAE government, the Work Bundle aims to transform the […]

Saudi Arabia Stocks Surge as IPO Frenzy Heats Up

Arabian Post Staff -Dubai Saudi Arabia’s stock market is experiencing a boom in initial public offerings (IPOs) in June, marking a significant shift for the kingdom’s traditionally oil-reliant economy. This surge in IPO activity is being driven by a confluence of factors, including the government’s ambitious Vision 2030 economic diversification plan, increased investor interest in the region, and a series of attractive offerings from local companies. Vision […]

Dubai Set for Annual Gathering of Internal Audit Experts

The Dubai skyline will be a beacon for internal audit professionals this April as the emirate gears up to host the annual Regional Audit Conference. The event, organized by the UAE Internal Auditors Association (UAE-IAA), is expected to convene over 550 specialists and regional delegates for two days of intensive discussions and knowledge sharing. Held under the theme “Digital Foundation, Endless Possibilities, ” the conference will delve […]

First Casino Near Dubai Ignites Investor Frenzy

Arabian Post Staff -Dubai The opening of the opulent “Arabian Nights” casino complex just outside Dubai has sent shockwaves through the region’s investment landscape, triggering a surge of interest and igniting a gold rush for land and property near the glitzy new resort. For decades, Dubai has thrived as a financial center and tourist destination, but its strict adherence to Islamic law, which prohibits gambling, limited its […]

Wellness Island to Embrace Driverless Future

Abu Dhabi’s upcoming SHA Emirates Island, envisioned as the world’s first well-being focused community, is set to become a pioneer in self-driving transportation. A collaboration between Bayanat, a geospatial data specialist, and Imkan Properties, the developer behind SHA Emirates, aims to create a comprehensive and AI-powered transportation ecosystem on the island. This initiative will see SHA Emirates rely heavily on autonomous vehicles for moving people, goods, and […]

Dubai Braces for Summer Influx with 3. 7 Million Guests Expected

Dubai International Airport (DXB) is anticipating a significant surge in passenger traffic this summer, with over 3. 7 million visitors expected to arrive between June 15 and 25. This influx coincides with the Eid al-Adha holidays and the commencement of summer break for schools in the United Arab Emirates, prompting many UAE residents to embark on vacation trips. The influx will translate to an average daily traffic […]

Saudi Aramco CEO Courts Investors

Arabian Post Staff -Dubai In a strategic move to woo international investors, Amin Nasser, CEO of Saudi Aramco, the state-owned oil giant, embarked on a whirlwind transatlantic roadshow. Nasser defied his advisors’ suggestions to prioritize New York and instead began his investor outreach in London. This decision reflects Aramco’s desire to cultivate a broader base of international support, having received a lukewarm reception from foreign investors during […]

Property developers raise US$4.3 bn in debt issuance

By Saifur Rahman Property developers in the UAE and the GCC countries have raised US$4.3 billion (Dh15.48 billion) utilising debt market instruments such as bonds and Islamic sukuks to fund existing and future real estate projects, according to latest announcements. These include the successful closure of the latest US$400 million (Dh1.46 billion) sukuk issuance by Arada Developments LLC, a Sharjah-based developer of mixed-use communities, that was oversubscribed […]

Dubai Sets Stage for Yearly AI gathering

Dubai is poised to become a leading hub for artificial intelligence (AI) discourse and development, with the recent announcement that the inaugural AI Retreat will be hosted annually in the emirate. This decision, revealed by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of The Executive Council of Dubai, underscores Dubai’s commitment to shaping the future of AI. […]

Corporate Tax Registration Deadlines Explained by UAE Tax Authority

Arabian Post Staff -Dubai The Federal Tax Authority (FTA) has issued a public statement clarifying the registration deadlines for corporate taxpayers in the United Arab Emirates. This information comes after the May 31st deadline, which applied to many companies, has passed. The clarification aims to ensure businesses understand their tax obligations and avoid any potential penalties. The FTA emphasized that corporate tax registration is mandatory for all […]

Fertile Ground for Cutting-Edge AI, According to Tech Titans

The promise of a supportive environment for fostering innovation in artificial intelligence (AI) drew unicorn founders to the recent AI Retreat in Dubai. Organized by the Dubai Centre for Artificial Intelligence (DCAI) in collaboration with the National Programme for Artificial Intelligence, the event served as a platform for discussing the potential of Dubai’s “Sandbox” initiative. This brainchild of the UAE aims to provide a supportive ecosystem for […]

Island Nation Dreams Take to the Sea in Ras Al Khaimah

Ras Al Khaimah, one of the United Arab Emirates’ emirates, is set to embark on an ambitious project that merges futuristic living with marine conservation. The developer behind The Heart of Europe, a man-made archipelago of European-themed islands, has unveiled plans to construct a one-of-a-kind maritime facility in Ras Al Khaimah. This facility will offer the world’s first underwater living experience alongside a flourishing coral reef garden. […]

Zayed University to Champion Arabic Language Instruction in Universities

Dubai, UAE – Zayed University, a cornerstone of higher education in the United Arab Emirates, is gearing up to host a landmark conference focused on refining the methods of teaching Arabic language within universities. Scheduled for next March, the conference will serve as a platform for educators, researchers, and Arabic language specialists from around the world to exchange ideas, share successful teaching practices, and forge collaborative efforts […]

Middle East Takes Center Stage in Uber’s Long-Term Growth Strategy

Arabian Post Staff -Dubai Following Uber’s first year of profitability since its 2019 IPO, CEO Dara Khosrowshahi has identified the Middle East as a key driver of the company’s long-term growth strategy. In an exclusive interview with The National’s Editor-in-Chief, Khosrowshahi emphasized Uber’s commitment to the region, highlighting its “leading” role in the company’s future plans. Khosrowshahi underscored Uber’s focus on responsible expansion, stating, “We continue to […]

Dubai PropTech Startup Stake Secures $14 Million Funding Boost

Dubai-based property technology (PropTech) company Stake has secured $14 million in a Series A funding round. The investment, led by Middle East Venture Partners (MEVP), a prominent UAE venture capital firm, signifies growing confidence in the future of fractional real estate ownership facilitated by digital platforms. Stake’s funding round attracted a diverse group of investors. Mubadala Investment Company, the sovereign wealth fund of Abu Dhabi, participated alongside […]

Golden Bridge set to reveal the show apartment of Enqlave by Aqasa Developers

Event is scheduled at the Golden Bridge Sales Centre on Tuesday, June 11 Aqasa Developers introduces their first residential project, “Enqlave,” exclusively managed by Golden Bridge, marking their debut in Dubai’s real estate sector. Located in Discovery Gardens, Al Furjan, this project promises an extraordinary living experience. The show apartment of this architectural masterpiece will be revealed at the Golden Bridge sales center on Tuesday, June 11. […]

Dubai’s Amelia Shakes Up Cocktail Scene with New Menu

Trendy Dubai restaurant and lounge Amelia Dubai has unveiled a new cocktail menu, inviting guests on a journey of discovery through innovative mixology. Launched on June 5th, the menu boasts a diverse selection of 24 handcrafted cocktails and four enticing mocktails, all designed to tantalize the taste buds and elevate the drinking experience. Amelia’s new menu embraces a theme of “retro-futuristic revelry, ” drawing inspiration from the […]

Dubai Spearheads AI Push with New Government Leaders

Arabian Post Staff -Dubai Dubai is accelerating its ambitions to become a global hub for artificial intelligence (AI) with the appointment of 22 Chief AI Officers across various government departments. This strategic move, announced by Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, signifies a commitment to leveraging AI for enhanced government services and solidifying Dubai’s position at the forefront of technological innovation. The newly appointed AI […]

AAP Is Now On An Uncertain Rocky Political Terrain, To Go Ahead Alone

Dubai Islamic Extends Helping Hand to Sharjah Charity with 15 Million Dirham Donation

Dubai Islamic Bank (DIB), a leading Islamic financial institution in the United Arab Emirates (UAE), has announced a significant contribution of 15 million dirhams to a Sharjah-based charity organization. This generous donation underscores DIB’s commitment to supporting social welfare initiatives and promoting positive change within the community. The specific charity that will receive the funds has not yet been disclosed. However, DIB has a history of partnering […]

With Elections Behind Us, It’s Time For ‘Market Forces’ To Take Control Of Fuel Prices

Abu Dhabi Simplifies Business Setup with Unified Economic License

Arabian Post Staff -Dubai In a move designed to bolster its appeal as a business hub, Abu Dhabi has unveiled a streamlined licensing process for companies operating within the emirate. The Abu Dhabi Department of Economic Development (ADDED), working alongside the Abu Dhabi Free Zones Council, launched the Unified Economic License initiative. This new system promises to simplify business setup across the emirate, including its free zones. […]

Dubai Recognizes Key Partners in Infrastructure Development

Dubai’s Roads and Transport Authority (RTA) recently celebrated its commitment to collaboration with the private sector by honoring top suppliers and investors who played a critical role in the success of the emirate’s infrastructure projects. The ceremony, which was attended by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, underscored the importance of public-private partnerships in driving Dubai’s ambitious infrastructure […]