PHNOM PENH, 9th June, 2023 (WAM) — Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has concluded a high-level visit to Cambodia, which sought to deepen UAE-Cambodia ties, advance trade flows and explore potential investment opportunities in the Southeast Asian nation. The visit comprised a series of engagements with senior Cambodian...
Category: Business
Dubai records AED 9 billion in weekly real estate transactions
Fri 09-06-2023 18:50 PM DUBAI, 9th June, 2023 (WAM) – A total of 3,397 real estate and properties transactions valued at AED 9 billion were conducted during the week ending 9th June 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 204 plots were sold for AED 1.52...
Fujairah Crown Prince receives Director of Fujairah Statistics Centre
Fri 09-06-2023 18:20 PM FUJAIRAH, 9th June, 2023 (WAM) — H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, received, in his office in the Emiri Court, Dr. Ibrahim Saad, Director of the Fujairah Statistics Centre. During the meeting, Sheikh Mohammed reviewed updated statistics on various sectors in the emirate contained...
U.S. Homes With Mortgages See First Annual Equity Losses Since 2012
Email Sign Up For Our Free Weekly Newsletter The average borrower saw home equity decline by $5,400 year over year in Q1 of 2023 Based on CoreLogic’s latest Homeowner Equity Report for the first quarter of 2023 shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease...
Visit visa holders sponsored by UAE residents can extend their visas for 90 days
Did you know that if you’re visiting the UAE on a visa sponsored by a family member or friend who is a UAE resident, you can extend your visa for up to 90 days? It’s true! There are different options available for extending your visa, but the duration of the extension will depend on the...
Completed U.S. Home Foreclosures Spike 38 Percent in May
Email Sign Up For Our Free Weekly Newsletter Based on ATTOM’s newly released May 2023 U.S. Foreclosure Market Report, there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago. “The...
Office Investment in Asia Pacific Remains Strong Despite Weaker Sentiment
Email Sign Up For Our Free Weekly Newsletter Based on CBRE’s latest research, Asia Pacific’s office sector continues to be a resilient asset class and attractive investment opportunity in the region. CBRE further reports office investment in Asia Pacific remains resilient despite weaker sentiment, and offices remain an important investable asset class in the region....
UAE participates in 49th meeting of UNWTO Regional Commission for Middle East in Jordan
DEAD SEA (Jordan), 9th June, 2023 (WAM) — The UAE, represented by Abdulla bin Touq Al Marri, Minister of Economy, has been chosen as the World Tourism Organisation’s (UNWTO) Vice President for the Middle East for the 25th edition of the UNWTO meeting, which will be held in Samarkand, Uzbekistan, in October. UNWTO is the...
KEZAD and Tubacex to build Middle East’s first OCTG-CRA manufacturing facility
ABU DHABI, 9th June, 2023 (WAM) – Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated economic and industrial hub of Abu Dhabi, today announced the signing of a land lease agreement with Spain’s Tubacex Group for the development of a state -of-the-art manufacturing facility for OCTG-CRA tubular solutions, the first such manufacturing facility...
Play football, book a basketball court, and enjoy free family activities at Dubai Sports World this summer
Did you know that you can enjoy a variety of sports, including basketball, padel, tennis, cricket, and football, all in one convenient location? Dubai Sports World (DSW), in partnership with the Dubai Sports Council, is a state-of-the-art summer sports complex situated in the Dubai World Trade Centre (DWTC). This year marks the 13th consecutive year...