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
Latest News
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
Dubai
Dubai Ruler Sheikh Mohammed approves $1.4bn housing project for citizens
The programme focuses on family stability and community values
Dubai
Dubai secures top position in Global Power City Index 2024 rankings
The study highlights Dubai’s position as a leader in innovation, economic dynamism, and global connectivity
Al Mamzar Beach Development Project
Dubai awards $108mn contracts for second phase of Al Mamzar Beach Development Project
Dubai’s Al Mamzar Beach development project spans 125,000 square metres with an 80-metre width across Al Mamzar Corniche Beach
Abu Dhabi
Abu Dhabi opens $85.7 million bridges to cut traffic by 80%
The bridges, developed through collaboration between DMT and the Integrated Transport Centre, will serve commuters travelling to the city, Zayed International Airport, Mussafah, and Hudayriyat Island in Abu Dhabi
Dubai
Dubai launches ‘Sheikha Hind bint Maktoum Family Programme’ to support Emirati family development
The programme, which aligns with Dubai Social Agenda 33, aims to double Emirati families in Dubai by 2033
Riyadh
Riyadh Metro completes network with Orange Line launch
The Riyadh Metro, which operates from 6:00 am until midnight, comprises six lines covering 176 kilometres with 85 stations, including four main stations, making it the Middle East’s largest metro and the world’s longest driverless train system
Jeddah
Saudi Arabia’s King Abdulaziz International Airport reports record-breaking 49.1 million passengers in 2024
The airport reached its peak on December 31, 2024, processing 174,600 passengers in a single day
Dubai
Emirates launches first A350 service with Dubai-Edinburgh route
The A350 is the first of 65 aircraft set to join Emirates’ fleet
Dubai
Dubai welcomes 16.79 million tourists in first 11 months of 2024
The hospitality sector demonstrated growth with Dubai’s hotel inventory reaching 153,390 rooms across 828 establishments by November 2024
Civil Defence Authority
UAE announces new Civil Defence Authority with federal decree-law
The UAE Civil Defence Authority will develop policies and strategies, implement alert systems, and coordinate between federal and local entities
Alcohol licences
Dubai Municipality alcohol tax: MMI maintains current prices for premium brands in 2025
MMI continues to provide complimentary alcohol licenses for residents and tourists aged 21 and above, available in-store and through licensedxb.com
DEWA
DEWA launches Microsoft Copilot framework in major AI push for 2025
DEWA began its AI journey in 2017 and was amongst the first utilities worldwide to implement Microsoft’s Copilot
