The 117th open auction for exclusive vehicle number plates in Dubai achieved total revenues of AED81.178 million, marking the highest proceeds in the history of Roads and Transport Authority (RTA) auctions since their inception. The auction, held on Saturday, 28th December 2024 at the InterContinental Dubai Festival City Hotel, saw plate BB55 achieve the highest […]Read More
@eToro, the trading and investing platform, and the Abu Dhabi Securities Exchange (ADX) announced today the signature of an agreement to add a number of ADX-listed stocks to the eToro platform. Starting in 2025, eToro’s users will be able to invest in a number of ADX-listed companies across various sectors, including energy, real estate, banking, […]Read More
Michael Bolliger, CIO Global Emerging Markets, UBS Global Wealth Management, confirmed that the UAE’s non-oil economy is expected to grow by 4.7% in 2024, indicating that the UAE’s diversification and fiscal surpluses show a great ability to adapt to any global challenges. In a statement to the Emirates News Agency (WAM) on the sidelines of […]Read More
Magnati, a leading payment solutions provider in the Middle East, has partnered with Ajman Bank to launch an embedded finance solution aimed at supporting the growth of SMEs. This collaboration will provide seamless access to Shari’ah-compliant financial services, giving SME merchants the tools they need to scale their businesses and contribute to the UAE’s economic […]Read More
Tiger Properties, a leading real estate developer in the UAE, successfully handed over Nobles Tower, a 46-storey luxurious residential development in Business Bay, Dubai. The official handover took place on October 14, 2024, the process highlights Tiger Properties’ dedication to maintaining stringent quality measures, ensuring that each unit meets the highest benchmarks of craftsmanship and […]Read More
Luxury real estate developer AMIS has awarded the main construction contract for its highly anticipated AED 425 million Woodland Residences project to Dar Al Aayan Contracting. Due to overwhelming demand following the unveiling of the project in January 2024, the project was 100% sold out within one week of its launch. “We are thrilled to […]Read More
The UAE’s accession to the BRICS group has embodied its commitment to multilateralism and constructive dialogue, aiming to support development, prosperity, and wellbeing for nations worldwide. This move aligns with the UAE’s long-standing approach of building partnerships with countries, international organisations, and institutions to enhance the competitiveness and sustainability of its economy and explore new […]Read More
Spinneys today announced its financial results for the six-month period ending 30th June 2024. First-half revenues reached a record high of AED1.6 billion, increasing by 9.9% year-on-year, with a profit of AED146 million, up 15.2%. In a statement on Thursday, Spinneys said it will pay its first post-IPO interim dividend of AED102.6 million, equivalent to […]Read More
Abu Dhabi recorded a significant increase in documented residential rental contracts during the first half of 2024, with 49,135 contracts registered. This marks an increase of 24,811 contracts compared to the same period in 2023, reflecting a 102% year-on-year growth. According to data from the Statistics Centre—Abu Dhabi, Abu Dhabi alone accounted for 43,985 of […]Read More
Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, led the UAE delegation at the BRICS Tourism Ministers’ Meeting in Moscow. The meeting was chaired by the Russian Federation, which holds the BRICS 2024 Chairmanship under the theme “Strengthening Multilateralism for Just Global Development and Security.” The meeting focused […]Read More
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