The change in the UK law will keep demand for prime and super-prime luxury properties in Dubai strong through the last quarter of this year and into 2025, an expert believes
Industries
NEOM
NEOM Sindalah: Saudi Arabia opens new luxury island resort in Red Sea
The 840,000-square-metre island, which was announced by Mohammed bin Salman, Crown Prince and Chairman of the NEOM Board of Directors in December 2022, marks NEOM’s first completed project
Dubai
Union Properties’ 9M profits up 43.2% to $14.43mn
The company plans to launch projects worth $1.63 billion in the next 18 months, says CEO Amer Khansaheb
automobile industry
Chinese auto giant OMODA & JAECOO unveils pet-friendly cars, robot dogs at 2024 Global Summit
OMODA & JAECOO introduced the OMODA C7 and JAECOO J5 models during the five-day event in Wuhu, China
Dubai
Dubai traffic to ease: RTA announces major $189mn Trade Centre roundabout transformation
The AED696.414 million project will transform the roundabout, which connects Sheikh Zayed Road with five streets in Dubai
Kuwait
Kuwait announces major new traffic laws; limit on vehicles for expats, massive increase to fines
Kuwait has announced new traffic rules with massive increases to fines for various violations
Dubai real estate
Dubai real estate: P.O.B1 Properties launches $56m Serenova development in Silicon Oasis
Dubai real estate developer P.O.B1 Properties announces debut Serenova project in Silicon Oasis
Corporate tax
UAE gives some taxpayers until the end of month to submit applications or face fines
UAE authorities have outlined deadlines for tax regulations which must be submitted this month
electric vehicle
UAE targets 50% share of all vehicles being electric by 2050 as top companies pledge support
UAE companies are pledging their support to introduce electric vehicles into their fleets