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Dubai ruler imposes 20% tax on foreign banks

Sheikh Mohammed issues law imposing 20% tax on foreign banks in Dubai

Foreign banks that violate the law face a stiff penalty of not more than Dhs500,000

What's On

Industry heavyweights shine bright at the What’s On Dubai Awards 2024

The ceremony was an extra celebration that saw What’s On and Motivate Media Group mark 45 monumental years

Sir Tim Clark is backing Boeing-Spirit merger

Sir Tim Clark backs Boeing-Spirit merger amid factory crisis

Emirates Airline President said Boeing should address its quality problems as quickly as possible with the undiluted attention of its board and top management

New Dubai football stadiums design render Image WAM

Dubai unveils designs for two new 20,000-seater stadiums

The designs of both sporting facilities prioritise sustainability and smart city integration

Uptown Dubai JLT DMCC launches sustainability hub Image Dubai Media Office

DMCC unveils new hub to power ESG impact

The new ecosystem will pioneer environmental, social, and governance (ESG) best practices among DMCC’s member base of over 24,000 companies

Instagram , Facebook

Facebook, Instagram down for thousands in the UAE

The tracker’s UAE website showed over three thousand reports for Instagram and over six thousand reports for Facebook

RTA has inaugurated a new signalised junction at Al Majasimi intersection and Al Wasl Road, situated between Umm Suqeim Street and Al Thanya Street. Image RTA X

Dubai: Al Majasimi-Al Wasl Road upgrade to ease traffic

The widening of Al Majasimi Street from one lane to two lanes in each direction has doubled the road’s capacity to accommodate 1,200 to 2,400 cars both ways per hour

Emaar’s Dubai Mall welcomes 105 million visitors in 2023

Dubai Mall becomes most visited place in 2023, with 105 million visitors

The latest figures from Emaar Malls shows that a record 20 million people visited the mall in the first two months of this year alone

UAE RAIN

Heavy rains to lash UAE: NCM weather forecast

The weather authority cautioned motorists to venture out only if necessary during wet weather as well as follow safety practices

Etihad Rail and ADNOC to launch passenger train service in Abu Dhabi Image courtesy Etihad Rail

PHOTOS: Taking a ride on Etihad Rail with top UAE officials

Take a look at an Etihad Rail train trip from Abu Dhabi to Dubai that included the CEO of Etihad Rail, Shadi Malak, along with Major General Sheikh Ahmed bin Tahnoun Al Nahyan.

Dubai E-scooters

E-scooters banned on Dubai metro but foldable bicycles still allowed

Dubai’s Roads and Transport Authority (RTA) will ban the use of e-scooters inside the city’s metro and tram system as of today, 1 March 2024.

Sir Tim Clark warns: Boeing under intense pressure amid incidents

At an event in London, Sir Tim Clark warned that Boeing management is under “really acute” pressure to turn things around

From the 146th floor to the racing track: AIX’s drive to elevate impact

AIX has become one of the big-name investment advisory firms here where GCC and global investors turn to invest their wealth

Meet Rizwan Sajan: Danube’s famous 1% Man

As a real estate mogul, Sajan continues to shape the skyline of Dubai, contributing to the city’s growth and development

DIB reports profit of 2.7 bn in h1 2022

DIB raises $1bn for ESG projects with 3rd sustainable sukuk

The sukuk marks the lowest-ever credit spread achieved by DIB and the largest sustainable issuance by a regional financial institution in nearly a year

Dubai Taxi Company announces fleet expansion Image supplied

Dubai Taxi doubles airport fleet, adds new taxis in expansion drive

The company reported a 100 per cent growth in its airport taxi fleet, adding 350 environmentally friendly vehicles

The new McLaren Artura Spider

Supercar sensation: Introducing the McLaren Artura Spider

The new Artura Spider is McLaren’s first-ever high-performance hybrid convertible

REVEALED: Dubai neighbourhoods with the highest rent increases

For residents of Dubai’s Damac Hills, Dubailand and Al Barsha the rental increases were particularly severe, according to the 2023 Annual Property Rental Market Report released by online marketplace dubizzle

PHOTOS: Flying with UAE cloud seeding pilots

The UAE has five specialised aircraft for cloud seeding operations and it also has a factory to produce high-quality flares in the region

parking

It’s official: Parkin will be UAE’s first IPO of 2024

Parkin — spun out of the Dubai Roads and Transport Authority (RTA) late last year — is set to float 24.99 per cent of its shares

Rizwan Sajan.

Rizwan Sajan: From Dubai’s 1% Man to 101 levels

Rizwan Sajan, the founder and chairman of Danube Group, is famous for being the “1 per cent man in Dubai”, but he’s reaching fresh heights with his company’s latest tower project

Dubai Creek

14-month Dubai Creek upgrade to fix 50-year-old damage

Over 13,000 ships traverse the Dubai Creek annually and the improvements are targeted at ensuring their safe docking in the area

Binghatti marks successful $300m sukuk issuance

Dubai’s Binghatti celebrates successful $300m sukuk issuance

The issuance marks the first real estate benchmark US dollar-denominated sukuk from the MENA region in 2024

GIA Office opens in Uptown Tower image DMCC

Dubai’s diamond hub status cemented with new GIA lab

The new lab will enhance Dubai’s role within the global diamond supply chain, offering faster turnaround times and streamlined processes

al khail road enhancement announced

Dubai: RTA announces Dhs700m upgrade to Al Khail Road

The project will expand the capacity of current intersections and bridges by approximately 19,600 vehicles per hour to streamline the traffic flow along Al Khail Road

Agri terminals facility groundbreaking ‌ in dubai by DP World

Dubai breaks ground on mega $150m Agri Terminals facility

Agri Terminals will be Dubai’s largest multi-tenant facility for integrated agricultural processing and silo storage

Spinneys Dubai 92 Cycle Challenge - road closure - traffic - Dubai

Dubai traffic alert: Weekend road closures for Spinneys Dubai 92 Cycle Challenge

The RTA has warned drivers to expect delays from 6 AM to 9:45 AM over the weekend on several key roads

flydubai grows global network to 122 routes in 2023

flydubai expands global network to 122 destinations in 2023

The carrier reported a 56 per cent year-on-year increase in passenger volumes on its GCC network and a 36 per cent increase in Europe

Mohammed bin Rashid Al Maktoum Solar Park

Massive Dubai solar park to add another 1,800 MW

The sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park will allow the facility to get one step closer to meeting its 5,000 megawatt target by 2030

UAE TOUR 24 - DUBAI ROAD CLOSURES

Dubai road closure: RTA warns of traffic diversion due to UAE Tour 2024

The RTA issued a statement via social media advising residents to set out early to ensure smooth travel