Stock markets in the United Arab Emirates closed higher on Friday on rising oil prices and after the Federal Reserve indicated earlier in the week it is likely to cut borrowing costs next year. Oil prices, a major driver for Gulf economies, were on track to notch up their first weekly rise in two months after a bullish forecast from the International Energy Agency (IEA) on oil demand for next year, with Brent futures rising 23 cents to $76.84 a barrel at 1123 GMT. The U.S. Federal Reserve left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell

37 consult, a leading marketing agency in Dubai that generates a constant flow of new clients for service businesses and local e-commerce stores, is marching ahead by providing digital marketing services exclusively to Small and Medium Enterprises (SMEs) in the UAE in order to transform them into market leaders. The main concept behind 37 consult businesses is to create an environment of trust among our loyal customers to grow and expand their businesses. Since our inception in 2017, 37 consult has been at the forefront of digital marketing, turning over AED 8 million in advertising spend into AED 50 million in

Dubai Land Department (DLD) launched an updated version of the ‘Dubai REST’ app, which provides an enhanced interface. This smart platform for real estate services empowers property owners, tenants, real estate brokers, developers, residents, investors, and stakeholders in the real estate market to access a wide range of real estate services efficiently. The latest update offers a host of enhancements and features aimed at enhancing the user experience to streamline the execution of operations and procedures, making them more accessible and convenient. Achieved through an upgraded user interface, users can now navigate seamlessly between services. This update also significantly improves the

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, today went on the first demo ride of the Chevrolet Bolt-based Cruise autonomous vehicle (AV) in Jumeirah 1 area. This testing and validation of the autonomous vehicle is an important step towards launching a self-driving ride hail service in Dubai. In April 2021 RTA and Cruise, which is majority owned by leading global automotive company General Motors (GM), announced that Dubai will be the first international market for Cruise, underscoring the city’s emergence as a global leader in adopting

Leading luxury real estate developer in the UAE, DAMAC Properties has announced that works are progressing for the main works package for two clusters in DAMAC Lagoons. The contract for the Mediterranean-inspired master community was awarded to China Nuclear Industry 22nd Construction Co. Ltd. As part of DAMAC Lagoons, Mykonos and Monte Carlo enjoy unrivalled community features, ranging from azure blue lagoons, zip lines, waterpark-style amenities and attractions, as well as cluster-specific features such as the windmill park in Mykonos and aqua opera school house pavilion in Monte Carlo. Commenting on the appointment, Mohammed Tahaineh, General Manager of Projects at DAMAC, said: “Work

Most stock markets in the Gulf ended higher on Thursday, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead. The Fed left interest rates unchanged on Wednesday and U.S. central bank chief Jerome Powell said its historic tightening of monetary policy is likely over with inflation falling faster than expected. Monetary policy in the six-member Gulf Cooperation Council (GCC) is usually guided by the Fed's decisions as most regional currencies are pegged to the U.S. dollar. Saudi Arabia's benchmark index advanced 1.2%, with Al Rajhi Bank jumping 3.6% and Elm

Almal Capital Investments, a Dubai-based investment and development company, backed by substantial international experience and focusing on hospitality and residential projects, has recently invested in two new luxury developments in La Mer Island and Al Marjan Island, located in Dubai and Ras Al-Khaimah, respectively. Founded in 2022, the company aims to deliver upscale properties for residents and exceptional returns for investors. Following its newest real estate ventures, Almal Capital Investments marks the beginning of an ambitious expansion phase into the industry. Boasting a dedicated, diverse team of industry professionals, Almal Capital Investments' expertise comprises three key domains: real estate development, investment

Under the directives of H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council; Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO), today launched the third edition of the #DubaiDestinations winter campaign. The campaign puts the spotlight on the unique places, activities and attractions that make Dubai one of the world’s most-loved winter getaways. As part of the campaign, Brand Dubai announced that it has partnered with the Supreme Committee Overseeing Hatta Development to launch the inaugural edition of the Hatta Festival, a vibrant celebration of

Leading UAE-based real estate developer DAMAC Properties has announced the opening of its latest international sales centre in Shanghai, China on 12 December, 2023. The new DAMAC Properties sales office in Shanghai comes in light of growing demand from China which notably, according to a recent real estate report, re-entered the Dubai property market in the second quarter of 2023. Commenting on the new sales centre, Hussain Sajwani, Founder and Chairman of DAMAC Properties said, “This new chapter in our global story is a testament to DAMAC Properties’ commitment to international excellence. The new centre is more than just a physical space,

With less than a month to go, the elite fields are taking shape for the first international marathon of the new year – the 2024 Dubai Marathon – which will take place in Umm Suqeim on January 7. A host of international runners from the African powerhouse nations of Kenya and Ethiopia have already added Dubai to their racing calendars with Rotterdam and Osaka Marathon winner Haiven Hailu Desse of Ethiopia and 2023 Rome Marathon champion Betty Chepkwony of Kenya looking to add to their title collection in the women's field. Still only 25, Hailu has already excelled over the marathon distance