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UAE

OPEC Fund approves over $500m in new global development support

OPEC holds firm on 2024 oil demand outlook, anticipates strong travel season

OPEC’s report points to an oil supply deficit in coming months

summer weather

UAE weather: 50.8 degrees C temperatures followed by hail, rain showers

The NCM issued a yellow alert in some areas of Abu Dhabi advising residents to remain vigilant when outdoors

DAMAC to invest $1bn in data centres, expand in Saudi

DAMAC Group ramps up AI investments with $50m Anthropic deal

The investments are part of the conglomerate’s broader strategy to advance digital infrastructure and support the tech transitions

food - Workers organise a watermelon stall at a fresh produce market in Dubai on March 21, 2023 ahead of the Muslim holy fasting month of Ramadan. (Photo by Karim SAHIB / AFP) (Photo by KARIM SAHIB/AFP via Getty Images)

Dubai to develop ‘world’s largest’ fresh food hub

The planned logistics hub aligns with the Dubai Economic Agenda (D33), which aims to double the size of the emirate’s economy to $8.7tn, by 2033

Indonesia’s $2.35bn Sukuk listed on Nasdaq Dubai

Indonesia lists three sukuks worth $2.35bn on Nasdaq Dubai

The new listings bring the Southeast Asia nation’s total value of issuances listed on the exchange to $24.1bn

RTA

Watch: RTA unveils AI-powered detection system for Dubai’s roads

The smart vehicle boasts several advanced features that improve the detection of road conditions and the inspection of traffic diversions

Global energy firms take 40% stake in ADNOC LNG plant

ADNOC’s Ruwais LNG sells 40% stake to Shell, Total, BP, Mitsui

The state energy giant said it now has buyers lined up for 70 per cent of the plant’s 9.6 million-tonne annual production capacity

Nuisance cold callers to face Dhs150k fines in UAE from August 27

Errant telemarketers in the UAE will face steep fines if they fail to comply with a set of new federal regulations.

Ritz-Carlton Reserve to launch in UAE on Ramhan Island in 2029 Image: Supplied

First Ritz-Carlton Reserve in UAE to launch on this island

Ritz-Carlton Reserve currently includes only seven properties in destinations such as Saudi Arabia, Thailand, Indonesia, Puerto Rico and Mexico

Dubai real estate

Unstoppable? Dubai’s property market surges 30% in 2024

Dubai’s high rental yields, easy real estate financing, and accessible residency visas are factors driving property ownership over renting

Egypt-GettyImages-520265584-e1703142282632

Egypt’s SKG signs $500m real estate development deal with UAE’s KSH

The deal includes three residential towers and a five-star hotel in an area overlooking the Nile’s Warraq Island

Sir Keir Starmer’s grammar school to open campus in Sharjah

Keir Starmer’s old school, Reigate Grammar, is opening a new campus in Sharjah’s Masaar megaproject.

How Pure Gold is crafting Dubai’s real estate legacy

Karim Merchant: Crafting a lasting legacy in Dubai’s property market

Pure Gold Group’s managing director and CEO shares how he’s leveraging the group’s 35 years of history to shape a legacy in Dubai’s booming real estate market

Dubai Green Spine Image courtesy Urb

Dubai’s 64km Green Spine: Solar-powered trams, 300MW system touted for E311 route

At the core of the Dubai Green Spine project are 100 per cent solar-powered trams, supported by a substantial 300-megawatt solar energy system

retirement

5 strategic steps to help you achieve an early and a secure retirement

Regular saving, prudent spending, and smart investing not only boost your retirement fund but also enhance your overall financial health

Dubal and BiOD to support circular economy. Image for illustrative purposes Getty Images

DUBAL Holding acquires equity stake in BiOD Technology

BiOD Technology is known for converting used cooking oils and palm oil mill effluent into clean biodiesel

Murban

Record-breaking trading activity for UAE’s Murban Crude

The platform’s extensive reach allows investors from multiple jurisdictions to participate in trading the Murban Crude oil futures

From bricks to big plans, LEGOLAND Dubai Resort's Tim Harrison-Jones shares details

From bricks to big plans, LEGOLAND Dubai Resort’s Tim Harrison-Jones shares details

The general manager of LEGOLAND Dubai Resort tells us why the destination remains a favourite with guests of all ages from across the world

Ram Buxani’s fascinating 1959 journey to Dubai: Retold in this excerpt from his autobiography

In his book, Ram Buxani recounts his journey to Dubai in 1959 as an 18-year-old, beginning his career as an office clerk at ITL.

Abu Dhabi: ADX lists Lunate's Chimera JP Global Sukuk ETF

Lunate’s Chimera J.P. Morgan Global Sukuk ETF lists on ADX

The ETF offers investors access to a diversified portfolio of Shariah-compliant corporate and government sukuks across several global markets

Lunate receives MoHRE, SCA initial nod to offer EoSB solutions

Lunate receives MoHRE, SCA initial nod to offer EoSB investment offerings

Lunate has become the first Abu Dhabi-based fund manager and administrator of the UAE’s voluntary alternative EoSB scheme through the newly licensed Lunate EoSB Fund

RTA introduces 2 new bus routes Image RTA _ X

Dubai: These two new bus routes enhance RTA network

The DA2 route, with a two-hour frequency, begins its first journey from DAMAC Hills at 5:47 am and continues until 9:32 pm daily. Both routes are priced at Dhs5 per journey

Dubai Prime Properties demand and supply q2 2024, - Knight frank Image: Getty Images

Prime properties: 190 deals over $10m recorded Dubai in H1; supply drops

Knight Frank says the dramatic rise in demand and corresponding supply crunch in the prime residential market reflect Dubai’s growing appeal among the global elite

Iconic Indian businessman Ram Buxani passes away in Dubai

Over a long and illustrious career, Buxani would rise to become chairman of Cosmos ITL group and a highly respected member of the UAE community.

Jebel Ali Beach Development Project gets green light; see details

Jebel Ali Beach Development Project gets green light: see details

The project aims to create a unique recreational beachfront with an emphasis on protecting the environment and supporting sustainability and eco-tourism goals

Hamid Hosseini, Head of ESG, IFZA on Elevating corporate sustainability to create impact

Elevating corporate sustainability to create impact

Effectively incorporating sustainability requires taking note of customer needs and building a reputation as responsible corporate citizens fostering positive change

Dubai Tourism's Issam Kazim on showcasing Brand Dubai

Dubai’s tourism triumph: Issam Kazim on the strategy driving Brand Dubai

The CEO of Dubai Corporation for Tourism & Commerce Marketing, shares the strategies, innovations and vision that continue to drive Dubai’s success as the world’s top tourist destination

UAE-Japan sign MOUs

UAE, Japan strengthen strategic partnership, sign MoUs

The two sides reviewed the Comprehensive Strategic Partnership Initiative, focusing on joint projects aimed at sustainable economic growth

ADNOC's Ruwais LNG to earmark 40% stake to four energy companies, say sources

ADNOC’s Ruwais LNG to earmark 40% stake to four energy companies, say sources

The companies are expected to get the offtake at a lower price compared to the market, but with less flexibility, Reuters reported

Abu Dhabi non-oil gdp grwos by 59 per cent over a 10-year period GettyImages-1146024499-1-e1704043948632

Abu Dhabi’s non-oil GDP sees 59% growth in 10 years

In the past decade, Abu Dhabi’s construction sector has grown by 22.6 per cent, finance and insurance by 39 per cent, and manufacturing sector by 102 per cent