Aldar raises $500m in oversubscribed green sukuk
Aldar Investment Properties has successfully raised $500m through a 10-year green sukuk (a sharia-compliant bond), with the issuance oversubscribed 7.2 times, attracting $3.6bn
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Economy
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Startup
New phone payment solution targets startups, SMEs
A new tap-on-phone payment solution has been launched with the goal of revolutionising the way businesses in the UAE process transactions.
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Dubai adds ‘art’ to urban development
A new initiative seeks to turn Dubai into an open-air art gallery, blending sustainable urban development with public art projects. The goal is
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Dubai luxury transport sector growing fast
Dubai’s luxury transport sector saw a 44% increase in 2024, with over 43.4 million trips taken, compared to 30.2 million in 2023. The
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UAE empowering women entrepreneurs
The Abu Dhabi Businesswomen Council has partnered with Publicis Groupe Middle East to launch Ra’idah, a new initiative designed to empower women entrepreneurs.
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UAE approves Investment Strategy 2031
The UAE Cabinet has approved the National Investment Strategy 2031, setting the goal of attracting $65.4bn in annual FDI by 2031, nearly doubling
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Real Estate
Dubai real estate meets Parisian fashion
Dubai’s Alta Real Estate Development has joined forces with Parisian fashion house Maison Margiela to create the brand’s first residential project in the
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Real Estate
Dubai real estate residential prices up 19%
Dubai’s real estate market experienced significant growth in 2024, as residential property prices surged by 19.1% year-over-year, reaching $459 per square foot, marking
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UAE hosts ‘Future of Jobs’ workshop
The Ministry of Economy has hosted a ‘Future of Jobs’ workshop, bringing together representatives from 14 major economic players and organisations across the
Economy
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Dubai launches first drive-thru laboratory
Dubai Municipality has introduced the region’s first ‘Drive-Thru’ laboratory service at the Dubai Central Laboratory Department.