Dubai

The UAE’s stock market capitalization has surged by 21.3 billion dirhams ($5.79 billion) this year, thanks to three new initial public offerings launched since the beginning of 2024, according to a new analysis. Alef Education Holding,…
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Geopolitical and economic changes, safety, and emissions are in the spotlight at the 80th IATA Annual General Meeting and World Air Transport Summit that commenced in Dubai on June 2. According to the International Air Transport…
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The Saudi logistics sector is poised for growth with DP World’s investment of SR900 million ($250 million) to build a distribution center at the Jeddah Islamic Port. With this strategic move, the UAE multinational logistics company will…
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Dubai’s flagship airline Emirates is suspending check-in for all customers with onward connections through the city until 2359 GMT on Friday, three days after a record storm swept the United Arab Emirates. Emirates, one of the world’s…
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Dubai was busy on Thursday clearing its waterlogged roads and drying out flooded homes two days after a record storm deposited a year’s worth of rainfall in a day. Dubai International Airport, a major travel hub, struggled to clear a…
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Dubai’s inflation witnessed a slight decrease in March, dropping to 3.34 percent compared to 3.36 percent in February, according to official data. The decline in inflation is attributed to lower prices of specific goods and services,…
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UAE-based grocery store operator Spinneys 1961 Holding PLC has announced its intention to proceed with an initial public offering on the Dubai Financial Market. Al Seer Group, Spinney’s parent company and the selling shareholder, expects…
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Sales of homes in Dubai worth $10 million or more rose 6 percent in the first quarter versus last year, an industry report showed on Tuesday, as demand from the international ultra-rich for homes in the emirate showed little sign of…
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A Dubai restaurateur issued an apology on Wednesday following backlash for sharing a controversial pro-Israel video claiming that Palestinians are brainwashed into embracing violence. The video has been produced by American nonprofit…
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Annual inflation in Dubai experienced a modest decrease in February, marking a deceleration to 3.36 percent from January’s rate of 3.6 percent, according to official data. This downturn is largely attributed to declines in the costs of…
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