🇦🇪UAE Legal News

Dubai’s real estate sector is getting a major digital upgrade, with the Dubai Land Department rolling out an artificial intelligence-powered platform designed to transform how developers register projects, complete transactions and manage escrow-related processes. The new ‘Initial Registration’ platform brings several key procedures into a single digital environment, linking project registration, real estate transactions and …

Dubai Puts Property Registration on Fast Track With AI, Slashing Processing Time by 80% Read More »

The Middle East and North Africa could see electricity consumption surge to more than twice its current level by 2050, as artificial intelligence, data centres, hydrogen projects and expanding industries place unprecedented pressure on power systems. Electricity demand across the MENA region is projected to climb from 1,671 terawatt-hours in 2025 to 3,670 terawatt-hours by …

AI Boom Poised to Drive MENA Power Demand Beyond Double by 2050 Read More »

Dubai’s future, Sheikh Mohammed bin Rashid Al Maktoum has said, will be shaped not only by infrastructure and economic progress but by the people equipped to lead the country through a rapidly changing world. The Vice President, Prime Minister and Ruler of Dubai stressed that investing in human capital, encouraging a culture of learning and …

Sheikh Mohammed Places Knowledge and Human Capital at the Core of UAE’s Next Growth Chapter Read More »

Saudi Arabia’s New Murabba has appointed Sabah Barakat as acting chief executive, marking another leadership change at one of the kingdom’s headline real estate developments as Riyadh recalibrates parts of its ambitious economic transformation programme. Barakat, a senior executive at the Public Investment Fund (PIF), takes over the acting CEO role from Michael Dyke, the …

Saudi Arabia’s New Murabba Names New Acting CEO as Gigaproject Faces Reset Read More »

Qatar’s office property market is proving more resilient than expected despite regional uncertainty, with long-term corporate leases and continued demand from government-linked organisations helping keep the sector stable. A recent market assessment by Cushman & Wakefield found that multi-year commitments from businesses have provided a buffer against short-term geopolitical turbulence. Government and semi-government organisations have …

Qatar’s Prime Office Market Holds Firm as Corporate Demand Stays Strong Read More »

Saudi Arabia’s logistics and industrial property markets are gaining further momentum as companies rethink supply chains, diversify operations and seek greater protection against regional disruptions, according to JLL. The Kingdom’s expanding industrial base and strategically positioned ports are helping sustain strong demand for warehouses and logistics facilities, with occupancy remaining above 90% across the key …

Saudi Arabia Cements Logistics Hub Status as Trade Routes Realign Read More »

Amali Properties has completed the sale of Villa Avatea at Amali Island, The World Islands, for AED220 million (about $60 million), placing the property among Dubai’s most notable residential transactions of 2026. The sale marks a major milestone for the Dubai-based developer, which was co-founded by Ali and Amira Sajwani, and comes as demand for …

Dubai’s Ultra-Luxury Market Lands $60 Million Deal for Private Island Villa Read More »

Oil and gold moved higher on Wednesday as fresh attacks on shipping and renewed military tensions in Asia pushed investors toward traditional safe-haven assets, while markets awaited the latest US inflation figures for clues on the Federal Reserve’s next move. US crude futures climbed 0.89% to $83.94 a barrel, while Brent crude added 0.78% to …

Oil, Gold Gain as Middle East Risks Intensify Ahead of US Inflation Data Read More »

Egypt is earmarking EGP 6 billion ($119 million) for the third round of lump-sum payments aimed at clearing export subsidy dues owed to companies for shipments made before July 1, 2024. Finance Minister Ahmed Kouchouk said exporters seeking to participate in the latest settlement round can submit applications from August 16 through October 1. Payments …

Egypt Sets Aside $119 Million for Third Round of Export Subsidy Payments Read More »

Shipping activity through the Strait of Hormuz has dropped to its lowest level in a week as operators continue to steer clear of the strategic waterway amid escalating tensions in the Middle East. Only eight vessels were recorded passing through the strait on Tuesday, according to Kpler data. The figure was well below the roughly …

Hormuz Shipping Traffic Slumps as Conflict Keeps Vessels Away Read More »