UAE technology market will expand on the back of AI and cloud-computing growth
Industries
Abu Dhabi
UAE holiday guide; Saudi visa rules; Dubai real estate records; Coldplay in Abu Dhabi – 10 things you missed this week
UAE holiday planning, Saudi visa rule updates, Dubai real estate records, Coldplay in Abu Dhabi and more top news stories this week
Abu Dhabi real estate
Abu Dhabi real estate transactions reached $13bn last year
Abu Dhabi saw a modest 4 per cent increase in real estate transaction volume in 2024
Private jet
Qatar Airways expands private jet fleet to 24 with new plane acquisition
Qatar Executive adds 2 new Gulfstream G700 aircraft to fleet
Renew vehicle registration
Sharjah launches remote vehicle renewal service
Sharjah Police to allow remote renewal and inspection of vehicles
Al Marjan Island
UAE real estate: Lacasa Living announces $55m Ola Residences at Al Marjan Island, Ras Al Khaimah
Lacasa Living launches Ola Residences at Al Marjan Island in Ras Al Khaimah, UAE
dubai marathon
Dubai Marathon 2025: RTA announces major road closures and extended Metro service on Sunday, January 12
Roads will be closed and longer Metro timings announced for Dubai Marathon 2025
Azizi
Dubai real estate: Azizi Developments launches Jumeirah Village Circle project with 30 parks
Dubai’s Azizi Developments announces nature-inspired Azizi Ruby in Jumeirah Village Circle
precious metal
UAE announces major new VAT rules for precious metals, stones trade
The new decision, which supersedes the UAE Cabinet Decision No. (25) of 2018, now covers gold, silver, palladium, platinum, natural and manufactured diamonds, pearls, rubies, sapphires, and emeralds
American University of Sharjah (AUS)
UAE researcher develops fire-resistant concrete for sustainable construction
Dr. Rami Hawileh’s research, conducted over ten years at the AUS Structures and Construction Materials Lab, focuses on creating concrete with non-metallic reinforcements and eco-friendly materials
Burj Khalifa
Dubai’s Burj Khalifa sees drop in home sales transaction volume as supply tightens
Historical data seen by Arabian Business shows prime Burj Khalifa units are becoming scarce as wealthy owners retain their investments, amid Dubai’s record-breaking year for luxury real estate transactions
India
Ultra-luxury home sales surge 17% in India to $554mn: Report
Mumbai accounted for the majority of ultra-luxury home sales last year
E-commerce
Online fashion retailer Shein plans London IPO by mid-2025: Report
The founded in China but now headquartered in Singapore company’s proposed initial public offering (IPO) could be completed as early as Easter, which is April 20
food security
Tanmiah partners with China’s CDI to construct 100 broiler houses in Saudi Arabia
Work on the project is scheduled to begin in January 2025, with an estimated completion in December 2026
Blockchain
Mastercard expands Crypto Credential to UAE and Kazakhstan
It simplifies consumer experience allowing crypto exchange users to send and receive cryptocurrencies using simple aliases instead of complex blockchain addresses
Dubai
ENOC expands footprint in UAE via 2 new service stations
The two new service stations are projected to service over 3,000 vehicles daily
Abu Dhabi
CB&I secures major LNG contract for net zero facility in Abu Dhabi
The contract amount is estimated in the range of $250 million to $500 million