Day: January 16, 2024

DUBAI: The total number of US$10 million plus home sales in Dubai grew by 92.4 %to 431 sales during 2023, according to analysis carried out by global property consultancy, Knight Frank.

The total value of sales above this price point grew by 91 % las…

SHARJAH: Sharjah Asset Management, the investment arm of the Sharjah government, is participating in the 2024 edition of the Sharjah Real Estate Exhibition (ACRES 2024), running from 17th to 20th January.

The exhibition serves as a platform to showca…

DUBAI: Investment Corporation of Dubai (ICD), the principal investment arm of the Government of Dubai, has revealed a rebranding of its visual identity incorporating a new logo.

Going forward, the Corporation will be known by its acronym ‘ICD’, with …

WORLD CAPITALS: Gold prices declined during today’s trading, losing about US$7 in spot trading.

As of 09:41 UAE time, the yellow metal fell by 0.34 percent or $7.01 to reach $2047.95 per ounce.

Gold futures for February 2024 declined 0.38 percent or…

DUBAI: Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of The Executive Council of Du…

DUBAI: Dubai Electricity and Water Authority (DEWA) has started operational testing of the 829 megawatts (MW) 4th phase of its power plant in Al Aweer (H-Station) with investments totalling AED1.1 billion. Tests include the initial operation of turbin…

DAVOS: Chinese Premier Li Qiang announced at the opening ceremony of the World Economic Forum (WEF) Annual Meeting 2024 that the Chinese economy continues to thrive and progress in the right direction. The Gross Domestic Product (GDP) has witnessed a …

ABU DHABI: The Central Bank of the United Arab Emirates (CBUAE) saw its balance sheet soar to touch the AED670 billion mark at the end of November 2023, marking a significant surge in its financial strength. This impressive growth is revealed in the b…