Cabinet sets up UAE Council for Digital Economy
ABU DHABI 12 April 2022: The cabinet has adopted the UAE Digital Economy Strategy, with the goal to increase the contribution of this sector to the GDP by 20 per cent over the next 10 […]
Business
3.8% GDP growth beats expectations: Mohammed
DUBAI 11 April 2022: The UAE’s Gross Domestic Product (GDP) for 2021 has broken international economic expectations, registering the highest rate in the region of Dh1.489 trillion. The Federal Competitiveness and Statistics Centre announced that […]
Abu Dhabi’s non-oil real GDP expands by 4.1%
ABU DHABI 7 April 2022: Statistics Centre-Abu Dhabi (SCAD) has announced statistical data that reflects rapid growth in most of Abu Dhabi’s oil and non-oil activities at constant prices in 2021, underscoring the effectiveness of […]
Etihad Rail freight terminal coming at Dubai’s DIC
ABU DHABI 1 April 2022: Etihad Rail and Dubai Industrial City (DIC), part of Tecom Group, has announced an advanced freight terminal spread across 5.5 million square feet. The terminal, which comes as a result […]
Emirates reinstates pre-pandemic flights to India
DUBAI 28 March 2022: Emirates announced that it will re-introduce pre-pandemic flight frequencies to its destinations in India from April 1. The airline will be operating 170 weekly flights to nine cities in the country. […]
Abu Dhabi sees 26.4% cut in property service fees
ABU DHABI 7 March 2022: The Department of Municipalities and Transport (DMT) has revealed that service fees for real estate units’ owners and investors in development projects were reduced by 26.4 per cent during 2020 […]
Dh2bn Funds: Passenger train coming alive in UAE
Etihad Rail, FAB sign Dh1.99 billion finance pact for passenger services valued ABU DHABI 25 February 2022: A Dh1.99 billion agreement between Etihad Rail and First Abu Dhabi Bank (FAB) for financing railway passenger transport […]
New Sharjah regulations for real estate companies
SHARJAH 24 February 2022: The Sharjah Executive Council (SEC) enacted Resolution No. (9) of 2022 regulating real estate companies and institutions in the emirate, including their ownership and those benefitting. The resolution will apply to […]
Dh71.5 billion AD real estate transactions in 2021
ABU DHABI 18 February 2022: Abu Dhabi has registered real estate transactions of Dh71.5 billion in 2021, a report by the Department of Municipalities and Transport (DMT) – Abu Dhabi, showed. This represents a combined […]
Gas field discovered offshore in Abu Dhabi
ABU DHABI 7 February 2022: The Abu Dhabi National Oil Company (Adnoc) has announced the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in […]