The United Arab Emirates recently hosted the inaugural BRICS group event focused on infrastructure financing, held in Abu Dhabi on May 5 and 6, 2025. The UAE’s Ministry of Finance organized this significant meeting, which included the Public-Private Partnership Working Group’s discussions within the BRICS financial framework. The event attracted a distinguished gathering of senior...
The DMCC has awarded the main works contract for the next phase of Uptown Dubai. This development includes the construction of two state-of-the-art commercial towers that will enhance the area’s skyline. The contract was awarded to Ali & Sons Contracting Company, a key player in the construction sector. Uptown Dubai is designed to be a...
Dubai Aerospace Enterprise (DAE) Ltd has successfully completed its acquisition of 100% of the outstanding shares of Nordic Aviation Capital for a total investment of US$2.0 billion. This significant acquisition was previously announced, and it marks a major milestone for DAE in the aviation sector. The completion of this acquisition enhances DAE’s position in the...
Dubai Municipality has officially launched the ‘Mushrif Hub’ in Mushrif National Park, which aims to enhance recreational experiences for visitors in Dubai. This new facility is part of the municipality’s efforts to develop green spaces and promote outdoor activities in the city. The Mushrif Hub features a variety of amenities designed to accommodate families and...
Dubai Police have completed their preparations for the World Police Summit 2025, which is set to begin next Tuesday at the Dubai World Trade Centre. This highly anticipated event is held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai....
The UAE government is making significant strides in digital transformation through its smart city initiatives. These efforts are aimed at enhancing the quality of life for residents and visitors by integrating advanced technologies into urban planning and services. Credit: ZAWYA The government’s official portal emphasizes the importance of developing digital cities that leverage innovation and...
Nasdaq Dubai and AIX CSD, the central securities depository of the Astana International Exchange, have launched a direct CSD link to enhance regional market connectivity. This initiative, announced during the Capital Market Summit 2025 hosted by Dubai Financial Market (DFM), aims to improve post-trade settlement efficiency for cross-listed securities. The Memorandum of Understanding (MoU) between...
Al Hilal Healthcare Group, recognized as the largest private healthcare provider in Bahrain, has successfully acquired Middle East Hospital in Segaya. The facility has now been rebranded as Al Hilal Premier Hospital, marking a significant expansion in the group’s operations. This state-of-the-art hospital becomes the 10th branch and the second hospital under the Al Hilal...
Damac Properties has officially launched a new residential project named Chelsea Residences by DAMAC in Dubai Maritime City, in partnership with English football club Chelsea F.C. The development features six towers that will reach 130 metres in height and will provide over 1 400 residential units. This project is located on one of the few...
The UAE’s Federal Tax Authority (FTA) has announced a new initiative that waives penalties for businesses that missed the corporate tax registration deadline. This decision comes as part of a UAE Cabinet Decision aimed at providing support to companies struggling to comply with tax regulations. The waiver applies to businesses that file their tax return...