Business from Thursday, January 2nd, 2025
-
Dubai real estate sets all-time record in 2024
Dubai’s real estate market had a record-breaking year, with new milestones being set throughout 2024, culminating in an all-time peak of 180,900 transactions worth AED522.1 billion, according to a report issued on Thursday by fäm Properties.
-
Abu Dhabi's Mubadala overtakes Saudi Arabia's PIF as world's top wealth fund spender
Abu Dhabi's Mubadala Investment Company accounted for about 20 per cent of the almost $136.1 billion spent by sovereign wealth funds worldwide last year, overtaking Saudi Arabia's wealth fund amid a surge in spending from Gulf countries.
-
Dubai Duty Free posts all-time annual sales high of AED7.9b
Dubai Duty Free completed 2024 with a record annual turnover of AED 7.901 billion ($2.16 billion) as sales surged towards the end of the year.
News
-
H.H. Sheikh Mohammed announces housing projects for DubaiHis Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Sunday a package of housing projects that includes the construction of more than 3,000 housing units in Dubai, in support of the Sheikha Hind bint Maktoum Family Programme.
-
Three UAE aid convoys arrive in Gaza StripThree UAE convoys loaded with various humanitarian aid crossed this week into the Gaza Strip through the Egyptian Rafah Border Crossing.
-
RTA to develop internal roads in Al Awir 1Dubai’s Roads and Transport Authority (RTA) announced on Sunday a project to construct 16.5 km of internal roads in Al Awir 1.
