UAE Government annual meetings to strengthen identity, unity, culture: Sheikh Mohammed
The UAE Government’s annual meetings on November 7-8 will see 500 ministers and top officials discuss the economy and digital transformation, artificial intelligence, housing, national identity, Emiratisation, health and food security. The meetings will also hear the latest updates on climate change conference COP28 that the UAE is hosting from November 30 to December 12. […]
One visa for six countries: UAE’s plan for GCC travel
The UAE and other GCC countries are working towards introducing a common visa system that will ease travel and give a boost to regional tourism. The disclosure was made by the UAE’s Minister of Economy Abdulla bin Touq at the on going Future Hospitality Summit in Abu Dhabi.Future Hospitality Summit in Abu Dhabi. He said the UAE […]
Dubai’s taxi sector posts 10% growth rate in trips for H1 2023: RTA
The taxi sector in Dubai has experienced a substantial growth rate of 10 per cent during the first half of 2023 in comparison to the same period last year, reported the Roads and Transport Authority. Adel Shakri, director of Planning and Business Development at RTA’s Public Transport Agency commented on the performance. “This key sector […]
ADGM’s FSRA grants financial services permission to crypto exchange Rain
Cryptocurrency exchange platform Rain has been granted Financial Services Permission (FSP) by Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) in order to operate a regulated virtual assets brokerage and custody service in the ADGM. The FSP will cement Rain’s position as one of the leading regulated virtual assets trading platforms in the […]
UAE chases 7% growth to double economy to over $800bn
The United Arab Emirates is looking to accelerate economic growth as it seeks to double its gross domestic product to over $800b by the end of the decade. “The focus is to grow by 7 per cent,” Abdulla bin Touq Al Marri, the country’s economy minister, said in an interview with Bloomberg Television. “We need […]
2024 Abu Dhabi Grand Prix dates revealed
The dates for the 2024 edition of the Formula 1 Etihad Airways Abu Dhabi Grand Prix have been revealed, with Yas Marina Circuit set to host the season finale to F1’s longest ever season from December 5-8, 2024. The official announcement from Formula One Management confirmed the Abu Dhabi track will host the 24th and […]
DXB to top 252,000 daily passengers this fortnight
Dubai International (DXB) will welcome an estimated 3.5 million guests through its doors between June 20 and July 3, with average total daily traffic reaching 252,000, according to a new report from Dubai Airports. The hub is preparing for a surge in departures, with more than a quarter of a million in outbound traffic from […]
UAE, Qatar announce restoration of diplomatic representation
Based on Al-Ula agreement and the joint keenness on strengthening the bilateral relations, the United Arab Emirates and the State of Qatar announced the restoration of diplomatic representation between the two countries by resuming the work at the Embassy of the UAE in Doha, and at the Embassy of Qatar in Abu Dhabi and its […]
UAE-based diagnostics firm TGT to establish technology hub in Abu Dhabi
UAE-based TGT Diagnostics, which provides well diagnostics to the hydrocarbons industry, announced that it will build a new technology hub in Abu Dhabi. The company has signed an agreement with Khalifa Economic Zones Abu Dhabi (KEZAD Group) for the new facility, it said in a press statement. The facility, which is being set up at […]
Abu Dhabi apartment rents fall marginally in year to Q1 2023
Abu Dhabi’s average apartment rents dropped by 0.7% in the year to March 2023 while villa prices grew by 1.1%. CBRE’s UAE Real Estate Market Review for Q1 2023 showed that sales prices for both apartments and villas increased during the year, by 1.4% for apartments and 1.6% for villas. The number of off plan […]