Small Business Relief
April 19, 2023

The UAE has introduced Small Business Relief to support start-ups through corporate tax relief.

The Small Business Relief Scheme is a testament to the UAE government’s commitment to supporting the small business community and ensuring that it continues to thrive in the years to come.

World Bank
April 19, 2023

The World Bank should offer ambitious solutions that are tailored to a post-pandemic world.

The World Bank has a unique opportunity to lead efforts to shape a post-pandemic world that is more resilient, sustainable, and inclusive.

Hamdan bin Mohammed
April 18, 2023

Hamdan bin Mohammed has issued directives to provide AED70M in social benefits to Dubai’s People of Determination this year.

The AED70 million funding announced by Sheikh Hamdan bin Mohammed is expected to further enhance Dubai’s reputation as a leader in disability rights and inclusion.

Fitch Ratings
April 18, 2023

The long-term issuer default ratings of eight Saudi banks have been upgraded to ‘A-‘ by Fitch.

Fitch Ratings has upgraded the long-term issuer default ratings of eight Saudi banks to ‘A-‘ in recognition of the resilience and strength that the banking sector has demonstrated during the COVID-19 pandemic.

Emirates
April 18, 2023

Ahead of Eid Al Fitr, Emirates has ramped up its flight services across the GCC and the Middle East region.

Emirates, the Dubai-based airline, has announced that it will increase its flight services across the Gulf Cooperation Council (GCC) and the Middle East region ahead of the Eid Al Fitr celebrations. The airline will offer additional flights and enhanced connectivity to cater to the expected surge in demand for air travel during the festive period. […]

Air India
April 18, 2023

Increased Air India Express flights account for the sudden drop in fares for UAE-India travel during Eid.

Air India Express has responded to the high demand for air travel during this period by adding more flights to its existing routes, and introducing new routes connecting cities in the UAE to cities in India

Union Properties
April 18, 2023

Union Properties has reached a settlement of Dh620 million with its former chairman and other members of the board.

The settlement of the legal disputes between Union Properties and its former leadership is a positive development for the company, allowing it to focus on its core business operations and execute its new strategy aimed at diversifying its revenue streams and expanding its presence in international markets.

Emaar
April 18, 2023

Emaar, based in Dubai, has approved dividends equivalent to 25% share of capital and is optimistic about the year 2023.

Emaar, one of the largest real estate developers in the Middle East, has approved dividends worth 25% of its share capital.

Dubai Metro
April 18, 2023

Real estate prices for buildings located within a 10-15 minute walk from the Dubai Metro have surged by up to 77%.

Dubai Metro’s proximity to residential buildings has become increasingly attractive to buyers and renters, leading to a surge in prices of up to 77% over the past five years.

Sharjah
April 18, 2023

In the first quarter of 2023, Sharjah saw 21,486 real estate transactions amounting to Dh5.9 billion.

The first quarter of 2023 witnessed a strong performance by the real estate sector in Sharjah, reflecting confidence from investors and stability in the market.

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