Khaleej Times

Driven by the robust performance of non-oil economic activities, Abu Dhabi’s gross domestic product (GDP) surged by 3.9 per cent in the first quarter of 2023 compared to the same 2022 period. The statistical estimates provided by Statistics Centre – Abu Dhabi (Scad) indicate a remarkable 6.1 per cent growth in non-oil GDP during the […]

Dubai Business Events (DBE), part of the Department of Economy and Tourism, on Sunday announced that it won 232 bids for business events in 2022, almost twice as many as the previous year. In a statement, the city’s official convention bureau said business events are poised to make a vital contribution to Dubai’s economic development […]

The World Economic Forum (WEF) has predicted that crypto adoption will surge as an important part of the digital financial system but cautioned that 2023 will not be better. The WEF, a global non-governmental foundation, said in a blog that the surging involvement of traditional banking institutions like JPMorgan will help the crypto sector to […]

The production capacity of clean energy in Dubai has reached 2,027 megawatts (MW) using photovoltaic solar power (PV) and concentrated solar power (CSP). This is about 14 per cent of Dubai’s total power production capacity of 14,517MW, says an official announcement. Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), […]

Dubai Land Department (DLD) launched its new strategic plan and vision, shaping the features and landmarks of its directions until 2026. The new strategy will be rolled in three phases, and involves DLD’s employees, partners and customers in designing the department’s strategic plan for the next phase. The first stage is the launch of quick-gain […]

Dubai’s Rental Disputes Centre (RDC), which developed the world’s first smart judicial rental system, has settled 100,000 rental lawsuits in nine years of service, enhancing the investor community’s confidence in the laws and legislative system of the emirate. Those settled lawsuits represent 1.9 per cent of the 5.2 million registered contracts valued at Dh654 billion. […]

Global crude oil prices are expected to average $92 per barrel in 2023 and $80 per barrel in 2024, the World Bank said in a report late. This is slightly lower than the a projected $100 per barrel in 2022, noted Peter Nagle, Senior Economist, and Kaltrina Temaj, research analyst with the World Bank’s Prospects […]

The UAE Cabinet has adopted an integrated platform that will serve as a guide for investing in various sectors in the country. The platform, which will be supervised by the Ministry of Economy, will highlight investment opportunities in financial technology, tourism, manufacturing and renewable energy, among others. This came as His Highness Sheikh Mohammed bin […]