Dubai is taking significant steps to enhance its appeal as a global investment hub. In a recent collaboration, the Jebel Ali Free Zone Authority (Jafza) and the Dubai International Financial Centre (DIFC) have established a framework that facilitates dual-zone operations for businesses. This initiative aims to streamline processes for companies operating in trade, industry, and…
Recent evaluations have placed Dubai and Abu Dhabi among the world’s most resilient urban centers, reflecting the UAE’s commitment to sustainable development and robust infrastructure. The Global Cities Resilience Index (GCRI), launched by Kearney and the Future Investment Initiative (FII) Institute, highlights the strengths of these cities in adapting to future challenges. Rankings and Highlights…
Red Sea Global (RSG), the developer behind the ambitious AMAALA project, has successfully secured SAR 6.5 billion (approximately $1.73 billion) in financing to propel the next phase of its development. This funding, provided by a consortium of Saudi banks led by Riyad Bank, marks a significant step in advancing sustainable tourism in the region. Details…
Abu Dhabi has taken significant steps to enhance its regulatory framework by implementing new rules that dramatically increase fines for regulatory breaches. The Abu Dhabi Global Market (ADGM) Registration Authority has introduced these changes to bolster transparency and accountability within its financial ecosystem. New Administrative Regulations 2025 The recently enacted Administrative Regulations 2025 replace the…
Oman’s Tax Authority has announced a significant delay in the rollout of the Digital Tax Stamp system for certain beverages. This postponement provides businesses additional time to comply with the new labeling requirements, which are aimed at enhancing tax compliance and market regulation. New Implementation Date Originally set to begin on November 1, 2025, the…
In just one year since its inception, TruBroker has made significant strides in the UAE real estate market, enhancing trust and credibility among agents and clients alike. Launched in late 2024, this initiative has transformed the landscape of property transactions in the region, setting new standards for professionalism and accountability. The Evolution of TruBroker TruBroker…
Majid Al Futtaim has made a significant move into the childrenswear market by partnering with the esteemed French brand Tartine et Chocolat. The newly opened boutique at Dubai Mall marks the brand’s first and only location in the Middle East, showcasing a commitment to expanding its lifestyle offerings. Boutique Details The 150-square-metre store is situated…
A new partnership between the Abu Dhabi Real Estate Centre (ADREC) and the Etihad Credit Bureau (AECB) aims to transform the property sector in Abu Dhabi by improving data sharing and risk assessment. This collaboration was announced during GITEX Global 2025 and is set to provide valuable insights for investors, developers, and property managers. Improved…
In a recent decision by the Sharjah Executive Council, tenants in the emirate can benefit from significant fee exemptions for unregistered lease contracts. This initiative, led by Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, aims to ease the financial burden on tenants and encourage compliance with new property leasing regulations. Details of the Exemption…
In the heart of Dubai, AKFA Holding is making significant strides in the luxury sector, positioning itself as a key player in the UAE’s vibrant market. Under the leadership of Chairman Muhammed Zekeriya Akgad, the company is expanding its portfolio with notable brands, including the Swiss luxury watchmaker Trillionaire-Geneve and the prestigious Italian jewellery house…