The Endowments and Minors’ Trust Foundation (Awqaf Dubai) achieved its highest-ever occupancy rate of 99.6 percent during the first half of 2024. Even more impressive, the Foundation added 1,887 new units to its portfolio over the past five years. By the end of the first half (H1) of

The UAE’s Artificial Intelligence, Digital Economy, and Remote Work Applications Office and Samsung Gulf Electronics have announced a partnership to integrate Samsung's Innovation Campus (SIC) into the UAE AI Camp 2024. This collaboration aims to promote AI learning among the UAE's youth in line with

ADNOC Group’s listed portfolio companies have reported strong financial results for the second quarter and first half of 2024. The six companies reported a combined revenue of AED 89 billion, AED 28.4 billion of earnings before interest, taxes, depreciation and amortization (EBITDA), and a net profit of more

The Emiri Diwan of the State of Kuwait announced on Monday the passing of Sheikh Salem Al-Ali Al-Sabah, Chief of the Kuwaiti National Guard. He passed away at the age of 98 after many years of dedicated service to his country. According to a statement released today and reported by

Dubai World Trade Centre (DWTC) has reported impressive results for its Hospitality business in the first half of 2024. The division has established itself as a leading provider for external events and on-site catering services, along with its well-known reputation for catering at DWTC venues. There has been a significant

The Organization of the Petroleum Exporting Countries (OPEC) reported that the UAE's economy is experiencing strong growth, particularly in non-oil sectors such as real estate, tourism, and manufacturing. According to OPEC's Monthly Oil Market Report (MOMR) for August 2024, there was a slight increase in housing,

The latest report from the International Labour Organization (ILO) indicates an improvement in the global labor market outlook for young people over the past four years. This positive trend is anticipated to continue for an additional two years. However, the report, titled Global Employment Trends for Youth 2024 (GET for

The Federal Tax Authority (FTA) has approved a total of 30,920 applications for Value Added Tax (VAT) refunds worth a total of AED 2.54 billion. These applications were submitted by Emirati citizens for taxes incurred on building new residences. This covers the period since the service was launched

Emirates Integrated Telecommunications Company (EITC)'s du division has introduced educational programs aimed at promoting technological proficiency and innovation among young people. One of these initiatives is the "Skillpreneurship" program, designed to empower youth by providing a platform for them to utilize their talents for entrepreneurial endeavors

Nasdaq Dubai is pleased to announce the listing of $500 million Sustainable Trust Certificates issued by Warba Bank, a Kuwaiti Islamic Bank. This marks the fourth listing under their $2 billion trust certificate issuance programme. In a statement released on Monday, Nasdaq Dubai stated, "This is a significant listing

DMCC, which is the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has announced its key performance results for the first half of 2024. The organization has recorded 1,023 new member companies, bringing its total to almost 25,000 companies. DMCC now

The Dubai Electricity and Water Authority (DEWA) Youth Council organized the "Youth Forum" in conjunction with International Youth Day 2024, observed annually on 12th August. The forum was inaugurated by Saeed Mohammed Al Tayer, MD and CEO of DEWA, and included a series of activities and panel discussions

The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) is excited to welcome musicians from the UAE and across the Middle East to the seventh edition of Berklee Abu Dhabi’s Performance Artistry & Leadership (PEARL) Programme, starting on 9th September. Applications are open until 18th August.

The Abu Dhabi Judicial Department (ADJD) resolved a total of 1,234 commercial, real estate, civil, and consumer disputes in the first half of 2024, with settlements amounting to AED 44,039,415. As per the ADJD's Vital Operations Performance Report, 657 commercial disputes were settled, totaling AED

The Central Bank of the UAE (CBUAE) has imposed an administrative sanction on an insurance company operating in the UAE, in accordance with Article 33(2)(a) of Federal Decree-Law No. 48 of 2023, which regulates insurance activities. The sanction comes as a result of an examination conducted by the

The United Arab Emirates government has issued a Federal Decree-Law amending certain provisions of the Federal Decree-Law on Anti-Money Laundering and Combating the Financing of Terrorism and Financing of Illegal Organizations. The purpose of the Decree is to further enhance the legal framework supporting the efforts of the country’s

Khalid Al Falih, the Saudi Minister of Investment, highlighted the significant pro-investment measures implemented by Saudi Arabia in recent years. These measures include the introduction of the Civil Transactions Law, Private Sector Participation Law, Companies Law, Bankruptcy Law, and Special Economic Zones. As a result of these reforms, there has

Philippe Lazzarini, the Commissioner of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA), reported today that over 75,000 Palestinians have been displaced in the southwestern region of Gaza in recent days. In a post on X, Lazzarini stated that the mass displacement of the Palestinian people

TRENDS Research and Advisory, along with its Youth Council, organized a roundtable titled "From Clicks to Progress: Youth Digital Pathways for Sustainable Development" in celebration of International Youth Day, observed annually on August 12th. The roundtable included two panel discussions addressing four main topics: "Youth Empowerment and