Dubai Municipality and Dubai South have signed a strategic partnership agreement worth AED 150 million to develop an advanced stormwater drainage system in Dubai South’s residential district. This initiative is part of the broader AED 30 billion Tasreef project, aimed at enhancing Dubai's stormwater infrastructure. The project includes constructing a new secondary stormwater tunnel connecting Dubai...
The Roads and Transport Authority (RTA) has completed the first phase of upgrades at five key marine transport stations in Dubai Marina, enhancing the city's commitment to modern, efficient, and culturally inspired public transit. The revamped stations—Marina Promenade, Marina Terrace, Marina Walk, Marina Mall, and Marina Mall 1—now feature full air-conditioning and state-of-the-art facilities designed...
Ras Al Khaimah's economy is projected to grow by 3.3% in 2025–2026, according to S&P Global Ratings. The agency affirmed the emirate's sovereign credit rating at A/Stable/A-1, citing its diversified non-oil economy and ongoing infrastructure projects as key factors supporting this growth . Sectors such as wholesale and retail trade, along with manufacturing—which together contribute around 45% to...
Real estate transactions across five key emirates in the UAE—Dubai, Abu Dhabi, Sharjah, Ajman, and Ras Al Khaimah—reached an impressive $65 billion in the first quarter of 2025, highlighting the country's robust property market. Dubai led the surge with over AED 100 billion in sales by early March, marking the fastest pace to reach this milestone in recent years. This growth is attributed to strong...
Faraday Future, the California-based electric vehicle innovator, is making a significant leap into the Middle East by establishing its first regional hub in Ras Al Khaimah (RAK), UAE. With a substantial AED 30 million investment, the company is setting up a 108,000-square-foot facility in the Al Hamra area within the Ras Al Khaimah Economic Zone (RAKEZ). This state-of-the-art center will encompass office...