Dubai Government announces dates of Eid Al Adha 2023
Dubai Government
Dubai
Dubai’s Sheikh Hamdan approves $1.9bn housing loans
Dubai will provide 11,500 housing plots to citizens and provide $1.9bn in loans
Digital Dubai
Sheikh Hamdan launches Hub Nub to expedite Dubai government decisions
It’s a new government communications app that facilitates instant, reliable and effective communication between decision-makers
Dubai
Sheikh Hamdan launches Dubai feedback app, make a complaint or suggestion in under 2 minutes
Dubai launches 04 platform to allow residents to give feedback and offer city suggestions
Debt Management Office
Dubai repays $1bn of Sukuk
Dubai Government fully redeems Sukuk launched in 2013
Creative economy
Dubai’s global business hub is powering the creative sector
Artists, storytellers, filmmakers, fashion, graphic and product designers, and entrepreneurs all benefit from Dubai’s role as a global creative hub
Dubai
Dubai residents have only two weeks to register cohabitants: 8 step guide
Dubai residents have just two weeks to complete the process
Dubai
Dubai gives residents two weeks to list all cohabitants in apartments
All owners, developers, property management companies and tenants must register their co-occupants in two weeks “with immediate effect” through the Dubai REST app
Abu Dhabi
Salik next in Dubai IPO craze, seeks to raise up to $1 billion
Salik is said to have taken out a $1.1 billion loan from Emirates NBD to pay a special dividend to the government, unnamed sources told Bloomberg
DFM
Increased trading on DFM leads to 134 percent growth in net profit for second quarter
70,432 new investors registers with the bourse in H1 2022, 38 times the number who joined during the same period last year
Dubai
Dubai orders $12 million worth of social benefits for People of Determination
The benefits include fees for kindergarten, schools, university programmes, training, and rehabilitation centres
Autonomous vehicles
Dubai to focus on self-driving buses as it pushes for more driverless journeys
The Dubai government is keen on submissions for self-driving buses for its upcoming world challenge competition
decentralised
Dubai to put metaverse into a legal framework: Obstacles and forecasts
The trend is clear: The integration of regulatory authorities into the metaverse has begun, and where one entity enters, others will follow over time
Crown Prince of Dubai
Sheikh Hamdan reviews plans to boost Dubai real estate, create private sector deals worth $2.72bn per year
The comprehensive restructuring plans for the Dubai Land Department and Dubai Municipality aim to improve operational efficiencies, promote public-private partnerships, ensure sustainable development, and maximise the emirate’s economic, tourism, and commercial potential
Arabian Travel Market
Will Dubai remain one of the world’s most open cities in the post-Covid world?
Dubai’s ability to provide one of the world’s safest environments and the gathering pace of its economic growth are making it a preferred international destination
digital economy
Snapchat Co-Founder and CEO meets UAE Minister of Finance on visit to Dubai
The pair discussed how the emirate is planning to strengthen its cooperation with international tech firms
Aluminium
DUBAL Holding reports record high net profits of $735 million driven by strong aluminium market
The exceptional 1,145 percent year-on-year growth in net profit resulted from a combination of good operational performance, as well as record profits made by DUBAL Holding’s 50% subsidiary, Emirates Global Aluminium (EGA), due to soaring global prices of aluminium in 2021