Abu Dhabi introduces registration and licensing authority to regulate business sector in the emirate
Industries
Dubai universities
KHDA announces new Dubai scholarship rules and simplified university accreditation
KHDA teams up with Ministry of Higher Education and Scientific Research to support scholarship students and university accreditation
Saudi ministry of commerce
Saudi Arabia sees 67% spike in commercial registrations
Saudi Arabia has more than 1.6m commercial registrations
Burj Khalifa
Dubai’s Burj Khalifa is towering real estate success with $2.4bn in home sales and 76% of units valued at over $1m
The Burj Khalifa in Downtown Dubai is the most valuable single building in the city in terms of real estate sales
PIF
PIF announces $7bn murabaha credit facility in Saudi Arabia
Saudi Arabia’s Public Investment Fund agrees $7bn credit facility with 20 international financial institutions
Dubai
‘Service industry is under threat’ warns Mr. Superprime, urging Dubai real estate agents to ‘protect’ jobs for future
The celebrity broker noted there were “threats to real estate agents across the world”
International Students
Public health, law, accounting and biological sciences emerge among top courses in high demand in 2024: Study
Institutions like Harvard University, Johns Hopkins University and Stanford Law School are leading the way in these emerging fields
Bayut
Dubai real estate: Best returns on investment, biggest price rises and largest rent hikes revealed as 2024 sales hit $133bn
Dubai real estate sector saw massive increases to real estate sales and rents last year
air travel
UAE air navigation centre reaches one million traffic movements in 2024
The milestone arrived on December 22, 2024 with Emirates Flight305 from Shanghai, marking what officials describe as a turning point in the UAE’s aviation sector
Dubai
Massive new RTA project to significantly ease traffic in Al Awir 1 area
The project includes building 16.5kms of internal roads and adding a lane to Emirates Road that extends from the entrance of Al Awir 1 to Sharjah
digital payments
Mashreq finalises $385mn sale of majority stake in NEOPAY
The UAE company retains a significant minority stake in the business after the sale to Arcapita Group and DgPays
Connectivity
Thuraya 4 set to enhance Space42’s capabilities after successful launch
The highly-advanced sixth geostationary satellite will help the UAE-based SpaceTech company’s plans to introduce 15 new products
Dubai
Dubai real estate market ‘fun and ferocious’ with ‘hot market’, says Mr. Superprime
Netflix star Daniel Daggers referred to Dubai’s market as a “sweet shop,” stating there would still be growth “but perhaps not in price values”
London
London’s super-prime home sales above $18mn drop 25% as wealthy buyers pull back
The market is expected to continue being driven by buyers from the United States and GCC, including Saudi Arabia, the UAE and Qatar
Cryptocurrency
New EU law to trigger exodus of crypto ventures flocking to UAE
The EU’s loss could be the UAE’s gain as new crypto regulations are expected to trigger an exodus of virtual asset firms flocking to Dubai and Abu Dhabi
Lebanon
Investors eye Lebanon real estate bargains amid price drop as fragile Israel-Hezbollah ceasefire holds
The current ceasefire has emboldened some investors to begin exploring opportunities in areas where prices have dropped significantly
Abu Dhabi real estate
UAE real estate: Property market transactions hit $243bn in 2024
Dubai led the real estate market with AED760.7 billion in transactions from 226,000 deals