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DUBAI NEWS

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RTA Grants Landmark Group Naming Rights Of Two Metro Stations
Dubai’s Roads and Transport Authority (RTA) has granted the naming rights of two metro stations, namely Al Rashdiya and Al Jaffliya, to Landmark Group.

Summary Of Weekly Real Estate Transactions For The Week Ending 05 August 2021.
The real estate and properties transactions valued at 7billion in total during the week ending 05 August 2021. The sum of transactions was 1,581.

Emirates Welcomes UK’s Decision To Add UAE To Its ’Amber List’ For International Travel
Adnan Kazim, Emirates Chief Commercial Officer said:"Emirates welcomes the decision to add the UAE to the UK’s ’amber list’ for international travel, reflecting the extensive steps thathave been taken to mitigate the spread of the virus in the UK and UAE."

Wellness Real Estate Gains Momentum Following COVID-19 As Vincitore Realty Builds The Region’s First Wellness Property In Dubai
The COVID-19 pandemic could potentially cost the global economy a whopping US$82 trillion over the next five years according to the World Economic Forum, thereby shifting the global focus onto the wellbeing and wellness of people.

Hamdan Bin Mohammed Issues Resolution Regulating Passenger Transport By Cars In Dubai
The move follows a review of the regulatory frameworks in place for strategic sectors in Dubai conducted with the objective of further enhancing the quality of life in the city and providing world class services.

Dubai Economy Fines 148 Businesses For Not Registering Beneficial Owner Data
The Commercial Compliance & Consumer Protection (CCCP) Sector in Dubai Economy has imposed fines on 148 companies in the emirate that did not register their Beneficial Owner data by the 30th of June 2021 as was required by law. Violators will have to pay a fine of AED 15,000 each.

Summary Of Weekly Real Estate Transactions For The Week Ending 29 July 2021
The real estate and properties transactions valued at 5.4 billion in total during the week ending 29 July 2021. The sum of transactions was 1,617.

10 Reasons Your eCommerce Conversion Rate Is So Low
The Conversion rate is simply the total number of conversions divided by the total number of visitors. Do note that a low conversation rate can lead to poor performance of your eCommerce site.

Dubai Free Zones Council Explores Business Accelerator Initiatives And Startups Support
The Dubai Free Zones Council (DFZ Council) held its 18th meeting, headed by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Free Zones Council.

UAE Central Bank Issues New Guidance On Anti-Money Laundering And Combatting Financing Of Terrorism
The Central Bank of the UAE (CBUAE) has issued a new Guidance on anti-money laundering and combatting the financing of terrorism (AML/CFT) for its licensed financial institutions (LFIs) on the implementation of Targeted Financial Sanctions (TFS).

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