Dubai is rapidly evolving beyond its traditional reputation as the “City of Gold”, with industry leaders now suggesting the UAE could emerge as one of the world’s most influential centres for physical gold trading, compliant bullion transactions, and potentially even future pricing power.
Dubai's Museum of Digital Art (MODA), a landmark addition to emirate's cultural landscape and the region’s first museum dedicated to digital art and new technologies, has been launched by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture).
Dubai’s Roads and Transport Authority (RTA) has completed 80% of Al Khaleej Street Tunnel Project, which extends 1,650 metres from the end of Infinity Bridge ramp in Deira to the intersection of Al Khaleej Street and Al Wuheida Street.
HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, has appointed Noura Mohammed Bakheet Al Madawi Al Rumaithi as Assistant CEO of the Housing Sector at the Mohammed Bin Rashid Housing Establishment.
DP World has announced that work is moving at a steady pace on the three key facilities within Jebel Ali Rail Terminal, which connects the port directly to the UAE’s national rail network and has an 800,000 TEUs capacity. On completion, the terminal will boast a total capacity of 1.6 million TEUs per annum.
PG Real Estate, the boutique developer known for its design-led, low-density communities, has officially handed over PG One, its flagship mixed-use development in Al Furjan, Dubai, marking another major milestone in the company’s delivery-focused growth strategy.
JA Resorts & Hotels, a Dubai hospitality landscape for over 40 years, is upgrading its properties and experiences, including enhancements at key locations, ahead of this summer’s launch of the Jebel Ali Sports & Shooting Club.
flydubai, the Dubai-based carrier, has announced the launch of direct flights to Benghazi in Libya, becoming the first UAE carrier to operate direct services between Dubai and Benghazi Benina International Airport (BEN).
Dubai recorded 44,400 real estate transactions with a combined value of AED139.2 billion ($37.9 billion) during the first quarter of this year, according to a transaction analysis conducted by Whitewill, an international luxury real estate agency.
EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion ($599.05 million), remaining broadly in line with the corresponding period in the prior year. Net profit for the period amounted to AED299 million ($81.42 million), reflecting a 246 percent YoY increase.
