The Roads and Transport Authority (RTA) has completed a significant update to the signage and directional boards at all Dubai Metro stations, aimed at improving public transport usability in the emirate. This update was carried out while residents were celebrating Eid Al Fitr, ensuring that commuters noticed the changes upon returning to the Metro after...
Saudi Arabia is actively considering the implementation of rent caps for both residential and commercial properties. This potential reform is aimed at addressing the increasing rent prices across the country. Abdullah Al Hammad, the CEO of the Real Estate General Authority (REGA), confirmed this development on Tuesday, April 1, according to a report from the...
A recent study conducted by two researchers in the United Arab Emirates highlights the economic, environmental, and health benefits of using recycled materials in pavement construction. The findings suggest that integrating such materials could enhance sustainability efforts in the construction sector. The study indicates that employing recycled materials can significantly reduce the costs associated with...
Dubai villa sales doubled in February 2025 compared to the same month last year, significantly contributing to the swift growth of the emirate’s property market. According to a market survey by real estate broker fäm Properties, February’s property sales in Dubai totalled $14 billion, marking a 40 percent increase from February 2024. The surge in...
Saudi Arabia is set to introduce significant updates to its Law of Commercial Register and Law of Trade Names effective April 3, 2025. These new laws, approved by the Ministry of Commerce in September 2024, aim to streamline the process of starting and operating a business within the Kingdom, while also alleviating financial burdens for...
The United Arab Emirates (UAE) has set a significant goal to enhance its non-oil foreign trade to AED4 trillion ($1.09 trillion) by 2031. This objective is a key element of the “We the UAE 2031” vision, which aims to diversify the country’s economy away from oil dependency. As part of this initiative, the UAE launched...
The Comprehensive Economic Partnership Agreements (Cepas) between the UAE and Costa Rica and Mauritius officially took effect on Wednesday, marking a significant step in the Emirates’ efforts to enhance its global trade and investment activities. According to the UAE’s Ministry of Economy, these new agreements are the seventh and eighth to be implemented under the...
SITA, a global leader in air transport technology, has announced its successful acquisition of the Italian company CCM, known for its expertise in airport interior design. This strategic move aims to enhance airport operations by merging technology with innovative design, thereby creating spaces that are ready for the future. Headquartered in Milan, CCM is recognized...
WEG, a prominent manufacturer of electric motors, variable frequency drives, and gearboxes, will play a crucial role in the development of a new oil pipeline for the Abu Dhabi National Oil Company (ADNOC). The integrated drive package from WEG will include flameproof electric motors, variable speed drives (VSDs), and transformers, which are designed to enhance...
The Investment Corporation of Dubai (ICD), the main investment arm of the emirate’s government, is exploring the possibility of entering capital markets with a series of initial public offerings within the next year, as suggested by analysts. ICD, established in 2006, boasts a valuation of approximately $340 billion and already has Emirates NBD, the largest...