Abu Dhabi ports have seen a 15.7% increase in non-oil trade during the second quarter of this year. Figures released by the emirate’s statistics centre show a surge in foreign demand for precious metals. It comes as analysts predict GCC economies to grow by 3.4% in 2015. Due to falling oil prices, countries with fewer financial buffers are witnessing problems related to low growth performance. Saudi Arabia and the UAE are less impacted, with strategies under way to promote non-oil trade.
Air Arabia to resume Sharjah–Damascus flights
Air Arabia has announced the return of direct flights between Sharjah and Damascus, starting July 10.
Emirates Reit reports strong Q1 2025 with 24% rise in property income
Emirates REIT (real estate investment trust) has recorded total property income of $19 million in the first quarter of 2025, marking a 24 per cent year-on-year growth.
Dubai Municipality suspends two consultancy firms
Dubai Municipality has announced that the Committee of Registration and Licensing the Practice of Engineering Consultancy & Contracting has issued a decision to suspend two engineering consultancy offices and bar them from licensing any new projects for a period of six months.
H.H. Sheikh Maktoum reviews Ministry of Finance's 2024 report
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has reviewed the 2024 annual report of the Ministry of Finance (MoF) titled "Financial Sustainability and Global Leadership".
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