His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, approved several new Dubai Council resolutions at a Council meeting he chaired on Tuesday aimed at accelerating the city’s growth in its new phase of development. The resolutions include a complete restructuring of the Government of […]Read More
Retail sales in the UAE are expected to rebound and grow by 13 percent to reach $58 billion by the end of 2021, supported by pent up consumer demand in the second half of the year, COVID-19 vaccination efforts and Expo 2020 Dubai, new analysis from Dubai Chamber of Commerce and Industry has projected. The […]Read More
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasised the importance of supporting the products from Emirati companies, expanding logistics networks and diversifying the state’s foreign markets, and launching initiatives that bolster the leading position of the private sector in foreign trade. Al Zeyoudi’s statements came on the sidelines of his […]Read More
The price of OPEC basket of thirteen crudes stood at $64.26 a barrel on Thursday, 4th March, compared with $62.15 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, said today that the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, continues to guide the development of Dubai’s value proposition and supportive environment for businesses. Under Sheikh […]Read More
A total of 1,277 real estate and property transactions valued at AED4.9 billion were registered during the week ending 18th February, 2021. Eighty plots were sold for AED417.81 million, while 776 apartments and villas were sold for AED1.23 billion. The top three transactions were land deals in Jebel Ali Industrial Second sold for AED77.7 million, […]Read More
Aldar Estates, a recently established estate management company that consolidated Aldar Properties’ retail operations alongside existing residential and commercial real estate operations managed by “Provis Estate Management”, has acquired the award-winning full-service real estate services company Asteco Property Management LLC and all its branches across Abu Dhabi and Dubai. Through the acquisition, Aldar Estates will […]Read More
H.H. Sheikh Hamdan bin Mohammed said that Dubai has established a solid foundation for the growth of its economy under the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. This has boosted its capacity to adapt to rapidly changing conditions and helped it develop into a regional and global economic powerhouse. He added, […]Read More
The price of OPEC basket of thirteen crudes stood at US$54.87 a barrel on Tuesday, 26th January, 2021, compared with $54.85 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran […]Read More
Sharjah Islamic Bank has reported an increase in its operating profits before provisions by 8.7 percent, amounting to AED697.7 million, compared to AED642.1 million for the same period last year. The exceptional circumstances that the world is going through, the Bank has been prudent to hedge the potential risks owing to these difficult economic conditions […]Read More
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