Business

Dubai Real Estate Dubai's real estate market witnessed an unexpected surge in 2023, with record-breaking sales of properties exceeding Dh5 million and Dh10 million....

Optimistic Outlook Dubai's business sector has kicked off the new year with a positive note, indicating expectations of accelerated hiring and job creation over...

Chinese Shadow Bank In a significant development, Zhongzhi Enterprise Group (ZEG), a major player in China's shadow banking industry, has filed for bankruptcy. The...

Raffle Draw Despite a temporary pause in UAE raffle draws mandated by the UAE Gaming Regulatory Authority (GCGRA), winners can expect to receive their...

Emiratisation Targets In a significant expansion, more than 12,000 companies operating in 14 specific economic sectors and falling within the employee range of 20-49...

Yearly Low In a consistent trend, the UAE experienced a third consecutive month of reduced petrol prices, nearing the lowest levels seen in the...

Population Growth Dubai's residential property market grapples with a significant supply-demand imbalance as population growth outpaces available units. The affordable segment is particularly affected,...

Dubai's hospitality majors, Jumeirah Group and Emaar Hospitality, are embarking on ambitious expansion plans in response to the booming post-pandemic hospitality and tourism sectors....

Economic Substance Regulations In a bid to address base erosion and profit shifting, the United Arab Emirates (UAE) has enacted revised Economic Substance Regulations...

 Tallest Residential Dubai-based real estate developer Select Group has secured the Pentominium Tower, aiming to be the world's tallest residential high-rise upon completion. The...