Dhanteras, a significant festival in the Hindu calendar, marks the beginning of the Diwali celebrations. This auspicious day is dedicated to honoring wealth and prosperity, making it a prime occasion for purchasing gold and silver. In 2025, Dhanteras will be celebrated on October 18, and its traditions continue to influence the way devotees engage with…
Gold prices in the UAE have reached unprecedented levels this week, driven by a combination of global economic uncertainty and rising geopolitical tensions. As of Friday morning, the price of 24-carat gold hit Dh523 per gram, while 22-carat gold was priced at Dh484.25. This increase of nearly 5% since Monday reflects a growing trend of…
The Dubai real estate market is experiencing a transformative phase, attracting a diverse range of investors drawn by its economic growth and appealing lifestyle. Recent trends indicate a significant uptick in the off-plan sector, particularly in emerging districts, which is crucial for sustaining interest in the property market. Market Overview In the third quarter of…
Recent economic developments have led to a significant increase in the prices of gold and silver, as investors seek safe-haven assets amidst rising credit concerns and escalating tensions between the United States and China. This surge reflects a growing belief that the Federal Reserve may implement substantial interest rate cuts in the near future. Gold…
Dubai is set to enhance its rental market with a new digital platform aimed at simplifying the leasing process for both tenants and landlords. This initiative, a collaboration between the Dubai Land Department (DLD) and Emirates NBD, was announced during Gitex Global and promises to transform the way rental transactions are conducted in the city….
Dubai is taking significant strides toward enhancing its maritime operations with the introduction of an advanced drone system designed for smart port monitoring. The Dubai Ports Authority (DPA), part of the Ports, Customs and Free Zone Corporation (PCFC), has launched ‘Port Eye’, an integrated aerial monitoring solution that leverages artificial intelligence and autonomous drones to…
The Mall of the Emirates has recently inaugurated a significant cultural and entertainment venue, enhancing Dubai’s artistic landscape. This new hub features the New Covent Garden Theatre, Dubai, and Pineapple Dubai, marking a milestone in the city’s commitment to the performing arts. New Covent Garden Theatre, Dubai The centerpiece of this development is the 600-seat…
The Stargate UAE project, a key component of the 5GW UAE–U.S. AI Campus, is making significant strides toward its anticipated completion in 2026. Developed by Khazna Data Centers, a subsidiary of G42, this ambitious initiative aims to establish one of the largest AI infrastructure hubs globally. Project Overview and Collaborations Launched in May 2025, Stargate…
Travelers from the UAE looking for lower airfares may need to adjust their expectations. Despite recent improvements in geopolitical tensions, industry experts predict that ticket prices are unlikely to decrease until after December. Seasonal demand and established airline schedules are key factors contributing to this situation. Current Market Conditions Travel agents are observing that the…
Manufacturers in the UAE now have access to a new service that enables them to accurately measure natural losses in excise goods, facilitating tax exemptions. This initiative, launched by the Federal Tax Authority (FTA) in collaboration with the Abu Dhabi Quality and Conformity Council (QCC), aims to streamline the process for businesses affected by product…