Dubai welcomed over 220,000 new residents in the first half of 2024, according to Amira Sajwani, Managing Director of DAMAC Properties. This influx has further driven demand for residential properties in the city, reinforcing Dubai’s position as a major global hub. As reported by WAM, Speaking during the launch of “Riverside Views,” DAMAC’s first project...
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, led a meeting to review the Ministry of Finance’s achievements in 2024 and outline plans for 2025. The meeting emphasized the Ministry’s pivotal role in driving financial sustainability and supporting the UAE’s strategic...
Dubai’s Salik is rolling out its flexible toll system starting Friday, January 31, aiming to streamline traffic across the city. The new system will adjust toll charges based on the time of day and traffic conditions. According to Emirates 24/7, from 1:00 AM to 6:00 AM, toll charges will be completely waived. On weekdays, drivers...
Abu Dhabi’s forward-thinking coding academy, 42 Abu Dhabi, recently hosted an AI Hackathon that brought together over 80 students to solve real-world challenges using advanced AI technologies. The event, organized in partnership with SambaNova Systems and CloudingAI, concluded with three standout projects addressing critical sectors such as healthcare, legal, and transportation. One of the winning...
India’s Minister of External Affairs, Dr Subrahmanyam Jaishankar, emphasized the importance of the Middle East for India’s strategic interests during his speech at the Raisina Middle East conference in Abu Dhabi. He described the region as being of “immense significance” to India, pointing to centuries of shared commerce, culture, and beliefs. Dr Jaishankar noted that...
Abu Dhabi Police are focusing on the use of artificial intelligence (AI) to counter constantly evolving cybersecurity risks. During a seminar titled *Are Government Security Institutions Prepared for the Revolution of Artificial Intelligence and Accelerated Innovation Amid Cybersecurity and Global Sustainability Strategies?*, experts gathered to discuss how AI can enhance security systems and strategies. The...
The Central Bank of the UAE (CBUAE) celebrated significant achievements in 2024 across the financial, banking, and insurance sectors, setting a positive trajectory for the future of the UAE’s financial landscape. The CBUAE emphasized its role in fostering monetary and financial stability, managing reserves, and developing secure financial infrastructure through innovative digital solutions. These efforts...
Al Seer Marine, a subsidiary of International Holding Company (IHC), has released its financial results for 2024, indicating a notable operational growth amid recovering market conditions. The company reported a total revenue of AED 1.281 billion, reflecting a 4.0 percent increase from the previous year. This growth was attributed to diversification across several key sectors,...
On January 28, 2025, Saqr Ghobash, the Speaker of the Federal National Council (FNC) of the United Arab Emirates, met with Mohamed Ould Errachid, the President of Morocco’s House of Councillors, at the FNC headquarters in Abu Dhabi. The Moroccan official was accompanied by a parliamentary delegation as part of an official visit to the...
Damac Properties has launched its new Riverside Views project, a riverside community development located at Dubai Investment Park. The project features a combination of greenery and water scenery, along with distinctive amenities such as hydroponic farms and a floating opera. This marks the sixth master development from Damac Properties, which has experienced exceptional demand in...