Dubai rents to rise further in 2023 due to strong demand, limited supply
Property investors in Dubai can expect higher rental yields this year due to supply constraints and strong demand, according to a new report from Better homes. The real […]
Dubai Financial Services Authority unveils business plan for 2023-24
Dubai Financial Services Authority (DFSA) has unveiled its Business Plan for 2023-24, encapsulated within four strategic themes developed to foster an enabling environment for firms as Dubai and the UAE […]
Abu Dhabi’s ADSCC performs ‘region’s first stem cell transplant’
Doctors at Abu Dhabi Stem Cells Centre (ADSCC), part of PureHealth Group, have performed the region’s first successful bone marrow transplant on a patient suffering from Multiple Sclerosis (MS). The […]
DEWA appoints consultant for implementing sixth phase of Mohammed bin Rashid Al Maktoum Solar Park
Dubai Electricity and Water Authority (DEWA) has announced the appointment of a consortium of companies led by Ernst & Young (EY Consulting) to provide consultancy services for implementing […]
AD Ports Group acquires 80% of GFS for $790mln
Abu Dhabi’s AD Ports Group has announced an AED 2.9 billion ($790 million) acquisition of an 80% stake in Dubai-based Global Feeder Shipping (GFS), implying a 100% enterprise value of […]
Dubai’s DEWA adds 600MW of clean energy production capacity
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced that the entity had added 300 megawatts of photovoltaic solar energy in 2022 […]
Dubai’s Empower set to raise $362mln in IPO
Dubai government–backed district cooling company Empower, which is planning to sell 10% stake in an IPO, has set the price range at between 1.31 and 1.33 dirhams ($0.35 and $0.36) […]
Seasonal Flu cases are within expected level: Abu Dhabi Public Health Centre
Abu Dhabi Public Health Centre (ADPHC) stated that the level of cases of Seasonal flu is on expected level compared to previous years before the pandemic. In its statement, ADPHC […]
DP World Marine Services adds UAE coastal service
DP World has introduced a new coastal service for the UAE, connecting its Jebel Ali hub to other ports around the country, supporting key customers by easing supply chain bottlenecks. […]
Oman Rail-Etihad Rail JV Company’s board of directors holds inaugural meeting
The Board of Directors of Oman Rail-Etihad Rail JV Company, a joint venture between Oman Rail, the developer and operator of the Oman national Rail Network, and Etihad […]
