Recent Posts

UAE tourism generates AED45b in hotel revenues in ‘24: Al Marri

ABU DHABI/WAM Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the Emirates Tourism Council, highlighted the continued growth and robust performance of the UAE’s tourism sector. He attributed this growth to the wise leadership’s directives and forward-looking vision, which led to the development of sustainable policies, strategies, and initiatives that drive the sector’s progress. Tourism remains a ...

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DLD, Vara partner to link real estate registry with tokenisation

DUBAI / WAM Dubai Land Department (DLD) has signed a cooperation agreement with the Dubai Virtual Assets Regulatory Authority (VARA) with the aim of linking the real estate registry to property tokenisation through an advanced governance system. This initiative seeks to enhance the efficiency of property management companies and increase liquidity in the real estate market, reinforcing Dubai’s position as ...

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Abu Dhabi’s non-oil foreign trade records 9% growth in ‘24

ABU DHABI / WAM Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024, reaching AED306 billion, compared to AED281.9 billion in 2023, reflecting the vitality of the emirate’s economy and its growing relations with trading partners around the globe. Non-oil exports soared 16 percent in 2024, reaching AED107.8 billion compared to AED93 billion ...

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