DUBAI / GULF TIME The real estate sector stands as an instrumental force in the UAE economy, constituting nearly 5.5% of the total GDP. Dubai, recognized as the world’s fourth busiest ultra-prime property market last year reported a remarkable 40% increase from to AED 97.55 Billion in Q3 2023 compared to AED 69.5 Billion in Q3 2022. As Dubai cements ...

ABU DHABI/WAM Yousef Saif Al Ali presented his credentials to Ibrahim Traore, Burkina Faso’s transitional President, as non-resident ambassador to Burkina Faso. Al Ali conveyed the greetings of His Highness Sheikh Mohamed bin Zayed Al Nahyan, UAE President, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness ...

ABU DHABI/WAM ADQ, an Abu Dhabi-based investment and holding company, and Azerbaijan Investment Holding (AIH), a strategic sovereign wealth fund located in Baku, have announced the formation of a joint venture with the aim of investing in sectors of mutual priority and interest, such as agriculture, technology, pharmaceuticals and energy infrastructure. The platform will seek and leverage investment opportunities with ...

ABU DHABI/WAM H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, received a delegation from the National Library and Archives (NLA), led by Abdullah Majid Al Ali, Director-General of the NLA. During the meeting, Sheikh Hamdan was briefed about NLA’s strategic plan for 2022 to 2025, which aims to maintain the progress and innovation that lead ...

ABU DHABI/WAM The fifth edition of the ADNOC Abu Dhabi Marathon is set to take place on Saturday morning, with a record-breaking 25,000 runners, from 168 nationalities, participating alongside a host of elite athletes. At a press conference held at the ADNOC Abu Dhabi Marathon – Event Village, located behind the ADNOC Tower, the Marathon organising committee confirmed the completion ...

DUBAI/WAM Sultan Al Shamsi, Assistant Minister of Foreign Affairs for International Development Affairs, and Joel Hernández Garcia, Under-Secretary for Multilateral Affairs and Human Rights at the Ministry of Foreign Affairs of the United Mexican States, have signed a Memorandum of Understanding and Comprehensive Partnership on behalf of their respective governments. The signings took place on the sidelines of the 28th ...

ABU DHABI/WAM The Ministry of Defence, represented by the Air Force and Air Defence, and the Joint Aviation Command, will participate in the Ethiopian Air Force’s 88th anniversary celebrations, which will be held tomorrow at the Harar Meda Air Base in Ethiopia’s capital Addis Ababa. The participation will see aircraft belonging to the UAE’s Air Force and Air Defence take ...

ABU DHABI/WAM Abu Dhabi National Oil Company (ADNOC) and OCI Global (OCI) Friday announced that they have entered into a sale and purchase agreement (SPA) for the acquisition by ADNOC of OCI’s entire majority shareholding in Fertiglobe plc. Fertiglobe is listed on the Abu Dhabi Securities Exchange (ADX) and is the world’s largest seaborne exporter of urea and ammonia combined, ...

ABU DHABI/WAM H.H. Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of the Office of Development and Martyrs Families Affairs at the Presidential Court, has attended Emirates College for Advanced Education’s graduation ceremony, held for 292 graduates who completed academic programmes across five years. Held under the theme “Transforming Tomorrow Together”, the ceremony took place at Abu Dhabi National ...

ABU DHABI/WAM H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, has chaired the council’s meeting, during which he approved a budget of over AED65 billion for new capital projects and gave directives to advance the Emirati culture and heritage ecosystem in Abu Dhabi. H.H. Sheikh Khaled approved ...