Flight suspensions, a new 4-day work week in Dubai, Saudi Arabia’s dining rule changes, Hijri New Year holidays, and major real estate moves — here are 10 big UAE and Gulf news stories you may have missed this week
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FDI
UAE sees $45.6bn foreign direct investment in 2024, targets massive $354bn inflow
UAE ranked 10th globally for foreign direct investment in 2024, attracting $45.6bn
Islamic New Year
Oman announces holiday for public and private sectors
Oman has announced an official holiday for Hijri New Year
Bulgari
Abu Dhabi real estate: Bvlgari to open ultra-luxury resort and mansions on private island by 2030
Bvlgari unveils new luxury resort and mansions on private island in Abu Dhabi, opening in 2030
Expo
PIF launches Expo 2030 Riyadh Company to build landmark giant World Expo site
Saudi Arabia launches Expo 2030 Riyadh Company to deliver $64bn economic boost
Google
Google’s AI and digital tools added $5.9bn to UAE economy in 2024
Google adds AED 21.8bn ($5.9bn) to UAE economy in 2024, Impact Report shows
Dubai Investments
Pane and gain: Dubai Investments glass division shatters production record with 14.8 million sqm in 2024
Strong growth across Emirates Glass, Emirates Float Glass and Saudi American Glass highlights rising demand in Dubai
DMCC
US companies flock to Dubai as DMCC reports 7% surge in American business registrations
DMCC strengthens position as Dubai’s top destination for US firms following $200bn UAE-US trade boost
Central Park at City Walk
Dubai real estate: Meraas awards $123m construction contract for Central Park Plaza
Meraas awards construction contract for work on Central Park Plaza in Dubai
Dubai real estate
Dubai real estate: Sales of homes worth more than $2.7m increase tenfold in 4 years; top millionaire neighbourhoods revealed
Savills has reported a tenfold increase in AED10m+ home sales in Dubai from 2020 to 2024
Aviation
Riyadh Air announces Blacklane chauffer service for passengers in Saudi Arabia
Riyadh Air and Blacklane team up to offer chauffer service for Business Elite and Business Class passengers
beIN Media Group
beIN Sport to broadcast Premier League football in UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Oman and across MENA until 2028
beIN Media Group renews exclusive Premier League rights across 24 MENA countries through the 2027/28 season
RTA
RTA slashes Dubai vehicle licensing services by 74%
Dubai’s RTA reduces vehicle licensing services from 54 to 14 as part of a major digital transformation to enhance user experience
Hijri New Year
UAE announces Hijri New Year holiday for private sector
The UAE has announced holidays for public and private sector in June
Abu Dhabi Department of Education and Knowledge (ADEK)
Abu Dhabi launches school performance plaques to boost education transparency for parents
ADEK unveils School Performance Plaques across all Abu Dhabi private schools, displaying Irtiqa’a ratings and National Identity Marks
Dubai construction
Nakheel awards $204m for Palm Jebel Ali infrastructure works
Nakheel has awarded $204m in contracts for Palm Jebel Ali infrastructure in Dubai
Bitcoin
Bitcoin.com opens Dubai base at DMCC
Bitcoin.com establishes Dubai base at DMCC as UAE cements role as cryptocurrency and blockchain hub