On Friday, a new community mall was inaugurated at Damac Hills 1 by property developer Damac Group, which also announced plans to construct approximately six additional shopping centres across the UAE. In an interview with Khaleej Times, Hussain Sajwani, founder and chairman of Damac, stated that the company would concentrate on community malls and avoid competing with larger ones. The second mall, spanning 110,000sqft, offers retail, hospitality, leisure, and entertainment options, and features international and local brands across various categories, including 30 retail stores and 10 F&B outlets
Mohammed bin Rashid’s second children’s book launched on board the International Space Station
The Government of Dubai Media Office (GDMO) is pleased to announce the launch of the second children's book authored by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Titled 'The Journey From the Desert to the Stars', the launch took place aboard the International Space Station (ISS), a fitting stage that echoes a recurrent theme in the book - the UAE's journey from modest beginnings to stellar heights. Emirati astronaut Sultan Al Neyadi marked the occasion by reading select passages from the book.
GCC Asset Management Market Poised to Reach $500 Billion by 2026 on Strong Oil Prices and Capital Inflows
According to a study, the asset management market in the GCC is expected to surpass global growth rates and reach nearly $500 billion in onshore assets by 2026, marking a significant increase from $400 billion at the end of 2022. Wealth management experts at Strategy& Middle East, a part of the PwC network, believe that the GCC asset management industry possesses robust growth potential, driven by favorable oil prices, substantial trade surpluses, and strong capital inflows, despite the complexities of the global market.
Extension of Fatima Bint Mubarak Women Sports Award Nominations Until September 10
Dubai: The organizing committee of the Fatima Bint Mubarak Women Sports Award has announced the extension of the nomination period for the award's seventh edition. The deadline, which was originally set for August 31, 2023, has now been extended until September 10. This decision was made in response to the increasing number of applications and to provide ample time for interested individuals to submit their nominations. The extension reflects the committee's commitment to offering equal opportunities to applicants from the UAE and various Arab countries.
UAE, Qatar, and Saudi Arabia Secure Top 10 Positions in Global Passport Rankings for Investment Opportunities
According to a study, the asset management market in the GCC is expected to surpass global growth rates and reach nearly $500 billion in onshore assets by 2026, marking a significant increase from $400 billion at the end of 2022. Wealth management experts at Strategy& Middle East, a part of the PwC network, believe that the GCC asset management industry possesses robust growth potential, driven by favorable oil prices, substantial trade surpluses, and strong capital inflows, despite the complexities of the global market.
UAE Fuel Prices to Increase in September 2023
The committee responsible for monitoring fuel prices has approved an increase in fuel prices for September 2023. The price hike will range from 28 to 29 fils per liter for gasoline and 45 fils per liter for diesel compared to the prices in August 2023.
Fuel distribution companies have announced the new prices, which will be implemented starting from tomorrow, Friday, September 1, 2023. The new pricing includes a 5% value-added tax.
Abu Dhabi Aquatics Club and National Ambulance Join Forces to Enhance Public Safety in Aquatic Environments
ABU DHABI, August 30, 2023 (WAM) -- The Abu Dhabi Aquatics Club (ADAC) and National Ambulance, a division of the National Guard Command, have announced the signing of a Memorandum of Understanding (MoU) aimed at promoting CPR training, emergency response, and injury prevention in aquatic environments throughout the UAE.
Cross-Border Investments and Digitalization Transform Estate Planning for Expatriates
The landscape of estate planning is undergoing a redefinition due to cross-border investments and the advent of digitalization. Expatriates face unique considerations in their estate planning, including inheritance tax and cross-border complexities. For expats residing in Dubai with assets in multiple countries, additional factors such as retirement plans, tax comparisons, beneficiary preferences, and socio-political and economic aspects must be taken into account. Distribution becomes more straightforward for portfolios consisting primarily of bank accounts and intangible assets, as opposed to those with real estate holdings.
Exciting Lineup of Star-Studded Events and Up to 90% Discounts Await at Dubai’s Grand 3-Day DSS Finale Sale
Dubai's Grand 3-Day DSS Finale Sale promises to be an exciting event, with a star-studded lineup of performances and discounts of up to 90% on offer. We are delighted to welcome Bollywood sensation Farhan Akhtar to the emirate for his first-ever appearance, where he will take the stage at the Coca-Cola Arena on September 1st. Following this, Afropop icon Davido will deliver a thrilling performance the next day.
Celebrate World Coconut Day with Bombay Bungalow’s latest coconut-ey creations
On August 30, 2023, the Focus Content Squad reports that Bombay Bungalow, a Michelin Guide-listed Indian-inspired culinary destination in Dubai, is preparing to celebrate World Coconut Day with two specialty offerings: Nariyal Lassi and Alleppey Fish Curry.