The Organisation of the Petroleum Exporting Countries (OPEC) forecast that the UAE’s economy will continue its robust performance in 2023, after recording a growth of 7.9 percent year-on-year in 2022. According to OPEC's Monthly Oil Market Report for August, this robust performance will be delivered through constant contributions from the non-oil sector, especially from tourism, leisure and real estate. The report revealed that the country's Global Purchasing Managers’ Index (PMI) was almost unchanged in July, standing at 56, following 56.9 in June and compared to a level of 55.5 in May. This suggests that the expansionary trend will be maintained. Meanwhile, the UAE's

Stella Stays, the pioneering proptech startup acclaimed for their groundbreaking approach to flexible rental and modern living, has unveiled its latest venture into the esteemed Al Barari district of Dubai with two remarkable bespoke properties. Bringing fresh, inclusive design to the forefront, Stella Stays introduces an exclusive look at their 90 residential units, each exuding an aura of sophistication while personifying the brand's "Show Up and Start Living" ethos. These ultramodern residences, lavishly appointed with contemporary amenities, are set to redefine the tenets of comfort, style, and convenience. Enveloped in Al Barari's verdant expanse, Stella Stays has masterfully integrated their residences with

Dubai Customs has stepped up readiness to ensure the smooth movement of homecoming passengers during the post-summer vacation period. The Passenger Operations Department of Dubai Customs has made preparations to facilitate procedures and speed up the flow of arrivals through the Dubai International Airport (DXB). It increased the number of customs inspectors working on shifts at different airport checkpoints, taking the total to 840 inspectors. There are 77 inspection scanners deployed across DXB terminals, including 58 designed to screen large bags and 19 scanners to check hand baggage. To deal with the growing influx of arrivals during this holiday season, the department maintains

Dubai Taxi Corporation (DTC), a subsidiary of the Roads and Transport Authority (RTA), has launched its strategic plan for digital transformation 2022-2025. This strategy seeks to accomplish a host of strategic goals highlighted by digital mobility, excellent operation, financial sustainability, people’s happiness, and shaping the future. The strategy is built on 9 key drivers namely: artificial intelligence, smart revenues, the Internet of things, smart city, big data, governance, security systems & upgraded systems, process automation & paperless initiatives, future transformation, and smart services. Artificial IntelligenceThe 9 key drivers of DTC’s digital transformation strategy encompass 45 initiatives including artificial intelligence. These initiatives include an

Dubai’s Real Gross Domestic Product (GDP) grew 2.8 percent year-on-year in the first quarter of the year to reach AED111.3 billion surpassing average global growth rates for Q1 2023. The surge maintains the robust momentum of growth achieved in 2022, when the emirate experienced a 4.4 percent expansion of the economy. H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said: “The continued high growth in the first quarter of the year is yet another testament to Dubai’s strong fundamentals, sustainability and resilience and its capacity to constantly create fresh pathways for

After having delighted audiences worldwide, Candlelight international concert series created by Fever is expanding its repertoire of programs in Dubai. For the first time ever, the series will host a mesmerizing concert exclusively dedicated to showcasing the beauty of Iconic Arab Music. Hosted at the prestigious Majlis Madinat Jumeirah on Friday, 15th September 2023, with two sessions scheduled at 7:00 PM and 9:00 PM, this event promises an unforgettable evening filled with enchanting melodies and cultural brilliance. Guests will be immersed in a rich tapestry of Arab Music performed by renowned Fusion Al Arab Group presenting masterpieces such as "Tehaddoh El

Dubai Electricity and Water Authority (DEWA) has revealed that the number of electricity accounts reached 1,144,741 accounts by the end of the first half of 2023, compared to 1,084,596 accounts by the end of the first half of 2022, an increase of around 5.5 percent. This is part of DEWA’s efforts to keep pace with the rise in Dubai’s population, the number of its visitors, and the economic and urban prosperity in the emirate. “DEWA’s sustainable growth is driven by several factors, including the growing demand for power and water in Dubai. We work to realise the vision and directives of the

Dubai’s resurgent tourism industry is celebrating a successful first half of 2023, after welcoming a record 8.55 million international overnight visitors, compared to 8.36 million tourists in H1 2019. Surpassing pre-pandemic visitation levels and further bolstering the city’s bid to become the world’s most visited destination, the latest data published by Dubai’s Department of Economy and Tourism (DET) represents the industry’s best ever H1 performance. The 20% YoY visitation growth contributes to the goal of the Dubai Economic Agenda 2033, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler

Dubai Airports has welcomed Air Canada’s first inbound flight at Dubai International (DXB) Terminal 3, making it the fourth international airline to operate out of the terminal. Air Canada flight AC056 from Toronto, arrived at its new base, one of the largest airport terminals in the world, at 18:56 UAE time on Wednesday. Air Canada flights previously operated from DXB Terminal 1. The move to DXB Terminal 3 strengthens the long-standing partnership between Dubai Airports and Air Canada, Canada’s largest airline and the country’s flag carrier. Canada is an important destination for DXB, with 14 weekly flights to Toronto and 7 weekly flights

Deyaar Development PJSC (“Deyaar”), one of the leading real estate developers and service providers in Dubai, has announced positive financial results for the first half (H1) of 2023 compared to the corresponding period of 2022. The H1 2023 financial results have shown the company’s substantial growth, with a 77% increase in profits reaching AED 118.5 million compared to AED 66.9 million during the same period in 2022. Also, the net profit in Q2 2023 increased by AED 29.4 million (90%) to reach AED 62.1 million from AED 32.7 million in Q2 2022. Saeed Al Qatami, CEO of Deyaar, said: “Once again, we