Dubai

Dubai scraps 30% alcohol tax

DUBAI, Jan 2 (Reuters) - Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub,…

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Dubai Islamic Bank sells $750 million in debut sustainable sukuk

Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The sukuk, which mature in five years, were sold at 155 basis…

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EPA’s Eye In The Sky: Dubai, UAE

A picture taken from 'The View At The Palm' observation deck shows the Burj Al Arab Luxury Hotel (L) and behind it the world's tallest building, the Burj Khalifa (Back),…

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Russians are Dubai’s top non-resident property

DUBAI, Oct 19 (Reuters) - Russians were the top non-resident buyers of residential property in Dubai in the third quarter, consultancy Betterhomes said, as they seek a safe haven from…

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Chinese ‘flying car’ makes first public flight in Dubai

DUBAI, (Reuters) - A "flying car" built by Chinese electronic vehicle maker Xpeng Inc made its first public flight in the United Arab Emirates, as the company works towards launching…

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EPA’s Eye In The Sky: Dubai, United Arab Emirates

A picture taken from 'The View At The Palm' observation deck shows the Burj Al Arab Luxury Hotel (L) and behind it the world's tallest building, the Burj Khalifa (Back),…

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Dubai property sales surge 60% as investors, Russians flock in

DUBAI, July 29 (Reuters) - Dubai's red-hot property market surged in the first half of the year as investors piled in, with Russians among the top five buyers as the emirate benefits…

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United Arab Emirates cuts red tape to attract businesses

DUBAI, (Reuters) - The United Arab Emirates is cutting red tape to make it easier and quicker for digital companies to incorporate, the latest economic policy announcement as the government seeks to…

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UAE announces incentives to attract 300 digital companies

DUBAI, July 6 (Reuters) - A United Arab Emirates minister announced on Wednesday incentives aiming to attract 300 digital companies to set up offices in the oil-rich Gulf nation within six to…

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Photo Story: Al Gaffal Dhow race in Dubai

Crew of Hasheem dhow owned by Sheikh Zayed Bin Hamdan Bin Zayed Al Nahyan celebrate after winning the Al Gaffal Dhow Race outside Dubai, United Arab Emirates, on Saturday. Al…

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Dubai Airport sees busiest quarter in two years as travel gains pace

DUBAI, May 12 (Reuters) - Dubai's main airport on Thursday reported its busiest quarter in two years as the rebound in international travel gains pace, with its chief executive predicting Dubai International…

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Vegas, Macau…Dubai? Global casinos raise bets on gambling in the Gulf

DUBAI/HONG KONG, (Reuters) - It's been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their sights on a once improbable prize: gambling…

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Binance steps up hiring, activity in crypto hub Dubai

DUBAI, March 31 (Reuters) - Binance, the largest crypto exchange by trading volume, is recruiting over 100 positions in the United Arab Emirates (UAE) and is helping to shape Dubai's new virtual…

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Emirates airline chief sees return to profit next year

Dubai's Emirates expects to significantly reduce losses in the current financial year and return to profit next year, the airline's president indicated on Tuesday. "We are in for a good…

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Russians invest in property in Dubai and Istanbul to evade sanctions

Wealthy Russians are pouring money into real estate in Turkey and the United Arab Emirates, seeking a financial haven in the wake of Moscow's invasion of Ukraine and Western sanctions,…

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Dubai a favorite destination as some Moscow-based bankers beat path to exit

In the scramble by some bankers and financial industry executives to leave Moscow, Dubai is turning out to be a favorite location to land. Some bankers at Moscow offices of…

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Dubai airport CEO sees more countries dropping COVID travel testing rules soon

The head of Dubai International Airport, one of the world's busiest, said on Tuesday he expects more countries to soon start ending rules for vaccinated passengers to be tested for COVID-19.…

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Israel may halt flights to Dubai over security arrangements

JERUSALEM, Feb 6 (Reuters) - Israel said on Sunday that it could halt Israeli airlines' flights to Dubai in the next few days due to a dispute over security arrangements,…

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Dubai, Abu Dhabi residents on edge after Houthis attempt to strike again

Two missile attacks in a week on the United Arab Emirates have left some residents feeling on edge about security for the first time in the Gulf state's capital Abu…

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Crypto exchange Binance signs agreement with Dubai World Trade Centre

Cryptocurrency exchange Binance on Tuesday said it has signed a cooperation agreement with Dubai World Trade Centre Authority (DWTCA), which is working to establish an international virtual asset ecosystem. The Dubai World…

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Dubai says it welcomed 4.88 million visitors in Jan-Oct period

Dec 11 (Reuters) - Dubai welcomed 4.88 million visitors in the period January- October 2021, its Department of Economy and Tourism (DET) said on Saturday, adding that international visitors in…

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Dubai government considering Emirates IPO – airline president

The Dubai government is considering an initial public offering of Emirates airline, the flagship carrier's President Tim Clark said on Monday, as authorities work to boost activity on the local stock market.…

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Dubai approves housing projects worth 3.8 bln dirhams

DUBAI, Nov 28 (Reuters) - The emirate of Dubai has approved housing projects worth 3.8 billion dirhams on Sunday, Sheikh Mohammed bin Rashid Al Maktoum said on Twitter. The project…

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Dubai eases visa rules, UAE makes labour laws more competitive

In the latest move to boost the United Arab Emirates' economic competitiveness, Dubai on Tuesday announced a five-year multiple entry visa to facilitate business trips for foreign employees of firms based in…

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Juggernauts grab spotlight from jumbos at Dubai Airshow

DUBAI, Nov 14 (Reuters) - The nuts and bolts of post-pandemic trade loomed over the first major aerospace event since the coronavirus crisis on Sunday, as planemakers touted new freighters…

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UPDATED: People flee homes as quakes strike southern Iran, killing at least one

DUBAI, Nov 14 (Reuters) - Two strong earthquakes struck southern Iran near the port of Bandar Abbas on Sunday, prompting residents to flee their homes and killing at least one…

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Dubai aims to attract 25 million tourists in 2025

Dubai plans to merge the departments of economy and tourism and hopes to attract 25 million tourists in 2025, Sheikh Hamdan bin Mohamed Bin Rashid Al Maktoum, Dubai's Crown Prince,…

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Dubai property prices higher but rents continue to fall – CBRE

Average residential property prices in Dubai rose 4.4% in the 12 months to August, the highest annual growth since February 2015, real estate investment firm CBRE Group said on Thursday.…

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Dubai’s Sheikh Mohammed ordered phones of ex-wife and lawyers to be hacked, UK court says

LONDON, Oct 6 (Reuters) - Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum ordered the phones of his ex-wife and her lawyers to be hacked as part of a "sustained campaign…

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Expo 2020 Dubai kicks off with lavish opening ceremony

The first world fair to be held in the Middle East, Expo 2020 Dubai, opened on Thursday with a lavish ceremony of fireworks, music and messaging about the power of…

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Dubai sets up money laundering court

Dubai has established a specialised court focused on combating money laundering, in a move to "strengthen the integrity of the financial system", the emirate's media office said on Sunday. The…

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Italy’s most wanted drug trafficker arrested in Dubai

Italian news agency ANSA reports that one of Italy's most dangerous mafia fugitives, top Camorra narco trafficker Raffaele Imperiale, was arrested in Dubai on August 4. Imperiali, 46, on the…

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Detainee says China has secret jail in Dubai, holds Uyghurs

A young Chinese woman says she was held for eight days at a Chinese-run secret detention facility in Dubai along with at least two Uyghurs, in what may be the…

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Dubai Airshow to take place under capacity restrictions, organiser says

The Dubai Airshow, this year's biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity restrictions in November due to the…

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Two thirds of eligible people in Dubai fully vaccinated against COVID-19

About two-thirds of people eligible for inoculation against COVID-19 have now received two doses of the vaccine in Dubai, the tourist and business hub of the United Arab Emirates, Dubai…

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Dubai house prices to rise for first time in six years in 2021

Dubai house prices will rise for the first time in six years this year, supported by a swift vaccine rollout that has lifted hopes for an overall economic recovery, according…

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Dubai eases COVID-19 restrictions, allows full hotel capacity

Dubai on Monday eased COVID-19 restrictions, allowing hotels in the regional tourism hub to operate at full capacity and permitting concerts and sports events where all attendees and participants have…

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No alternative to vaccine passports, says Dubai airport boss

The boss of the world's busiest airport for international passengers has said Covid passports are the only way to restart mass foreign travel. Dubai Airports chief executive Paul Griffiths told…

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Dubai non-oil private sector growth hits 1-1/2-year high in April

Dubai's non-oil private sector recorded its biggest expansion in one and a half years in April, a survey showed on Monday, a sign that the emirate's economy is closing in…

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Dubai Gold and Commodities Exchange says Israeli firms can join

The Dubai Gold & Commodities Exchange (DGCX) said on Sunday qualified Israeli companies could now join and use its trading services and platforms. It said approval from the Israeli Securities…

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Dubai’s commodities hub plans Gulf’s first blockchain-backed facility

Dubai Multi Commodities Centre (DMCC) plans to create the first precious metals refinery and storage facility in the Gulf region enabled by blockchain technology. The facility will refine and store…

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Photo Story: The Dubai International Arabian Horse Championship

A horseman (not seen) guides horse Halhola Al Hawajer during the first day of the 16th edition of Dubai International Arabian Horse Championship in Gulf emirate of Dubai, United Arab…

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Denmark halts all flight from Dubai for five days

Denmark has halted all flights arriving from the United Arab Emirates for five days due to potentially unreliable coronavirus tests in Dubai, Denmark’s transport ministry said on Friday. The travel…

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Dubai cancels non-essential surgery, live entertainment as COVID-19 cases surge

Dubai has suspended non-essential surgery for a month and live entertainment in hotels and restaurants until further notice as coronavirus infections surge in the Middle East trade hub. The decision…

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Dubai launches fifth coronavirus economic stimulus package

The Emirate of Dubai has announced a new stimulus package worth 315 million dirhams ($86 million) to help the economy cope with the effects of the coronavirus pandemic. The package,…

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Dubai ruler approves $15.5 billion budget for 2021

Dubai, the business and financial hub of the United Arab Emirates (UAE), has approved a 57.1 billion dirham ($15.55 billion) budget for 2021, its ruler said on Sunday. The statement…

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Dubai economy to grow 4% in 2021, rebounding from this year’s contraction

Dubai, the financial and business hub of the United Arab Emirates (UAE), is forecast to grow by 4% in 2021, recovering for a projected 6.2% contraction this year, the government…

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Dubai expects economic boost from UAE golden visa extension

Dubai said the economic growth rate could increase by up to 1% because of plans by the United Arab Emirates to extend to more categories a "golden" visa system which…

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Photo story: The Museum of the Future in Dubai

A handout photo made available on 03 October 2020 by the Government of Dubai Media Office shows Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE…

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Israel, Dubai diamond exchanges begin strategic collaboration

The Israel and Dubai diamond exchanges said on Thursday they have signed a strategic agreement to promote cooperation and dialogue between the two bourses. The agreement was announced two days…

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Dubai seeks to attract wealthy foreign retirees as expats leave

Dubai is seeking to attract wealthy foreign retirees as the economy of the Middle East trade and tourism hub reels from the coronavirus pandemic and low oil prices, prompting many…

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Emirates Airlines gets $2 billion injection from government

The government of Dubai has injected 7.3 billion dirhams ($2 billion) in new equity into Emirates airline since March, according to a bond prospectus seen by Reuters. Dubai Crown Prince…

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Air India Express plane skids off runway in Kerala – Update

A special evacuation flight bringing people home to India who had been trapped abroad because of the coronavirus skidded off a runway and split in two while landing Friday in…

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Dubai to build floating islands in new beach project

A series of floating islands will be built in Dubai as part of a new beach development project announced by the emirate's Road and Transport Authority (RTA) announced. Sunset Promenade…

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Dubai allows foreign tourists to enter from July 7

Dubai, whose economy is reliant on tourism and retail, said it will allow foreign visitors to enter from July 7, while those with residency visas will be able to enter…

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Dubai developer Nakheel slashes salaries by as much as 50%

Dubai property developer Nakheel has slashed salaries by as much as 50 per cent as it tries to weather the coronavirus crisis, according to an internal email seen by Reuters,…

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Dubai curbs movement permits

The Dubai emirate restricted curfew movement permits on Thursday as the number of reported infections in the Gulf region rose with increased testing. Gulf Arab states have registered an increase…

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