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DUBAI NEWS

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Dubai Ranks First Globally In FDI In Cultural And Creative Industries
Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture), reaffirmed the emirate’s commitment to maintaining its leadership and enhancing its competitiveness as a global capital of the creative economy.

Dubai’s Financial Audit Authority Launches ’Corporate Governance Manual For Government Entities’
In a keyinitiative that establishes a comprehensive governance framework for government entities in Dubai, the Financial Audit Authority today launched the ’Corporate Governance Manual for Government Entities in the Emirate of Dubai’.

Mashreq-Successful Pricing Of US $500mn Additional Tier 1 Bond Offering
Mashreq, one of the leading financial institutions in the MENA region, and rated A (Fitch), A3 (Moody’s) and A (S&P), all with a stable outlook, successfully priced a US $500mn Additional Tier 1 bond offering with a coupon of 7.125 percent per annum on Monday 3rdJune 2024.

Indian Businesses Top The List Of Nationalities Of New Companies Joining Dubai Chamber Of Commerce DuringBQ1 2024 With 4,351 New Members
A recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the list of new non-Emirati companies joining the chamber during the first quarter of this year, with 4,351 new companies.

Dubai Islamic Bank Pledges AED11 Million To Support ’Dubai Schools’ Project
Dubai Islamic Bank has signed a cooperation agreement with the Knowledge Fund Establishment to support the ’Dubai Schools’ project with a pledge amounting to AED11 million.

Dubai Land Department Qualifies 166 Young Emirati Citizens Enrolled In The Dubai Real Estate Brokers Programme
Dubai Land Department qualified 166 young Emirati citizens through the Dubai Real Estate Brokers Programme, which was launched earlier this year and is considered one of the most important programmes of the Dubai Social Agenda 33.

Dubai International Chamber Supports Dubai Companies To Enter Senegalese Market With More Than 150 Bilateral Business Meetings In Dakar
Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has successfully arranged more than 150 business matching meetings between companies from Dubai and Senegal.

Financial Audit Authority Launches ’Corporate Governance Manual For Government Entities In Dubai’
The Financial Audit Authority today launched the "Corporate Governance Manual for Government Entities in the Emirate of Dubai" to establish a comprehensive governance framework for government entities in Dubai.

IATA Announces Winners Of 2024 Diversity & Inclusion Award Winners
The International Air Transport Association (IATA) announced the winners of the 2024 edition of IATA Diversity & Inclusion Awards:

Dubai Land Department Fines Three Developers AED 1.5 Million For Not Complying With Real Estate Escrow Account Regulations
Dubai Land Department (DLD) has fined three developers in Dubai AED 500,000 each for promoting and marketing real estate projects without completing the required registration procedures for off-plan projects.

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