Dubai rents to rise further in 2023 due to strong demand, limited supply
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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
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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’
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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
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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
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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
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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
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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
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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
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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
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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 […]