There's good news for those who do business at Jebel Ali Free Zone (JAFZA).
JAFZA has announced that it's waiving around AED 35 million in fines for its customers.
They'll also return cash and bank guarantees to clients through its new Workforce Protection Programme initiative that is set to be rolled out next September.
The move is expected to infuse AED 1.3 billion back into Dubai’s economy that companies can invest in their operations.
UAE national becomes first Emirati selected for senior IMF role
UAE's Ali Alhosani has been elected Executive Director at the International Monetary Fund (IMF), becoming the first Emirati to hold this senior international position.
H.H. Sheikh Hamdan witnesses launch of Dubai's Global Future Opportunities centre
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has witnessed the signing of an agreement to establish the Centre for Global Future Opportunities in Dubai during the Annual Meeting of Global Future Leaders.
Emaar sustains collection rate at 98 per cent during regional tension
Founder and Managing Director of Emaar Properties, Mohamed Alabbar revealed that Emaar has sustained its collection rate of 98 per cent, with its sales backlog standing at around AED 180 billion.
Sheikh Abdullah and India’s Jaishankar discuss strengthening ties
Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, has met India’s Minister of External Affairs, Dr Subrahmanyam Jaishankar, in Abu Dhabi.
New mixed-use development planned for DIFC, due within two years
Dubai developer H&H has revealed details of the Water Gardens, a new mixed-use destination in the Dubai International Financial Centre (DIFC), with the first phase due to be completed in 18 months.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
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Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
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