The new Blue Line metro project in Dubai is generating significant interest among daily commuters and the travel industry since its announcement in 2023. Scheduled to open on September 9, 2029, this date coincides with the 20th anniversary of the city’s original Red Line, which launched in 2009. The expansion is part of a major...
Individuals advertising on social media in the UAE will now be required to adhere to new regulations established by the UAE Media Council. This comprehensive system aims to foster public trust, safeguard audiences, and enhance the quality of online media content. Credit: WAM The UAE Media Council announced that it will provide support to content...
Abu Dhabi National Energy Company (TAQA) is set to enhance the emirate’s growing data and artificial intelligence sector, with plans for investments that will exceed AED37 billion ($10 billion) to meet the power demands of the data centre industry. This initiative is part of TAQA’s broader strategy to provide clean, certified, and reliable energy for...
The Federal Tax Authority (FTA) held an informative workshop in Dubai today focused on the ‘Rules for Determining Income Subject to Corporate Tax.’ This event is part of the FTA’s ongoing campaign aimed at raising awareness of corporate tax among various business sectors and taxpayers. The FTA’s initiative aims to educate eligible taxpayers about their...
Saudi Arabia is actively leveraging artificial intelligence (AI) to bolster its cybersecurity efforts as generative AI gives rise to a new generation of cybercrime that is more sophisticated and challenging to detect. The National Cybersecurity Authority (NCA) in Saudi Arabia plays a pivotal role in this endeavor, utilizing its Cybersecurity Toolkit to protect critical infrastructure...
The Dubai Land Department has unveiled the world’s first Property Token Ownership Certificate, following the successful sale of the initial tokenized real estate project on the ‘Prypco Mint’ platform, which is licensed by the Virtual Assets Regulatory Authority (VARA). This groundbreaking initiative was launched with remarkable speed, achieving the sale within just one day of...
Crown Prince Mohammed bin Salman of Saudi Arabia and Canadian Prime Minister Mark Carney held a phone call on Thursday to discuss their nations’ bilateral relations. During the conversation, they reviewed the current situation in the Middle East and expressed their mutual agreement on the necessity for sustainable peace in the region. Credit: Arab News...
The Abu Dhabi Investment Office (ADIO) has partnered with Metal Park Investment ME Ltd to establish a dedicated Industry 4.0 Competence Centre in Abu Dhabi. This advanced technology hub aims to accelerate the digitalisation of the metal manufacturing sector and support the emirate’s goal to become a global leader in next-generation industrial innovation. The Competence...
Rents in Dubai are expected to remain under pressure in 2025 and 2026 due to a significant influx of over 200 000 new residential units entering the market. This assessment comes from Fitch Ratings, which highlights that the local property market will be tested by this large supply. According to Fitch, “Rent prices in most...
SC Ventures, the innovation and venture arm of Standard Chartered, based in Singapore, has partnered with the Dubai International Financial Centre (DIFC) Innovation Hub to establish the National Venture Studio in Dubai. This initiative is designed to foster innovation and support venture creation in the region as the UAE enhances its position as a global...