News

  Dubai / WAM Dubai real estate market recorded 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million on Tuesday, data released by Dubai’s Land Department (DLD) showed. The sales included 440 villas and apartments worth AED902.79 million, and 80 land plots worth AED321.11 million. The ...

  Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT) has reduced the fees for 14 main and sub services and waived the fee for one service as of January 1. The move aligns with the objectives of the ‘’Make in the Emirates” initiative to create an attractive business environment for local and international investors and support ...

  Abu Dhabi / WAM The UAE’s Capital will host the 2023 Fortune Global Forum from November 27-29, for the first time in the Middle East and North Africa (Mena), the Abu Dhabi Department of Economic Development (Added) announced. Held under the theme ‘A New Era for Business’, the forum will address global agendas currently including market and trade dynamics, ...

Abu Dhabi / WAM The UAE’s Edge group has announced a strategic investment in High Lander, the company behind Universal UTM, a drone-agnostic unmanned traffic management solution which provides the automation, coordination, and safety much needed in increasingly crowded skies. The $14 million investment creates a ground-breaking partnership and is already forging ongoing deals and high-value opportunities in both the ...

Abu Dhabi / WAM Khalifa Economic Zones Abu Dhabi (Kezad) group announced that it has signed an agreement with Emerging World FZC, the sole importer of Pran-RFL Group’s products in the Middle East region, to establish a Programme for Rural Advancement Nationally (Pran) manufacturing plant catering to local and regional markets. The AED 110 million facility, developed in multiple phases, ...

  Dubai / Gulf Time Jawhara Jewellery, the leading Emirati brand in the world of gold and jewellery, continues its promotional campaign, which it launched in all its stores, during the Dubai Shopping Festival (DSF), in cooperation with the Dubai Gold and Jewellery Group, by announcing the names of four lucky winners with the its second Raffle Draw prizes on ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), inaugurated the power management company Eaton’s new Customer Experience Centre (CEC) in National Industries Park, Jebel Ali, Dubai. The new facility will serve as a centre of excellence for Eaton to showcase, train and demonstrate Eaton’s products and integrated solutions for industry ...

Dubai / WAM The General Pension and Social Security Authority (GPSSA) on Tuesday launched the ‘Your Commitment Protects You’ campaign to spread awareness on inspection controls and guidelines. It has further highlighted the obligation of an entity towards abiding by inspection controls and guidelines, as well as unnecessary fines incurred on employers as a result of violating registration and monthly ...

Bloomberg For the 8,000 people suffering from cystic fibrosis in the UK, Kaftrio is a miracle drug. For the cash-strapped National Health Service, it’s a foretaste of an unaffordable future. Costing £100,000 ($123,000) a year per patient, Kaftrio could add hundreds of millions of pounds to the £180 billion annual NHS bill, a new liability even as the service struggles ...

  Bloomberg The squeeze on Germany’s economy eased further at the start of the year as the services sector grew for the first time since June, another sign the country may dodge a recession that many had predicted as a result of Russia’s war in Ukraine. Private-sector activity in the country remained resilient in January, and inflationary pressures continued to ...