ANKARA - Türkiye's annual inflation rate dipped to 44.38% in December, posting the seventh consecutive decline since June 2024, according to official data released Friday. December's figure is below the market expectation of 45.21%, also down from November's 47.09%, Anadolu Agency reported, citing TurkStat. The lowest annual inflation was seen...

SHARJAH - The Sharjah Entrepreneurship Festival (SEF) 2025 has launched the SEF x 1Tank Startup Pitch Competition, dedicated to entrepreneurship, providing an exceptional opportunity to compete for grants totalling AED200,000, alongside potential investor funding opportunities reaching up to AED500,000, and opportunity to win free flights with Air Arabia. The competition...

DUBAI - Dubai International (DXB) is on track to welcome 4.3 million guests in the first 15 days of the year, setting the stage for its busiest January yet. Daily traffic is projected to peak on 3rd January, with over 311,000 guests expected. With an average of 287,000 guests passing...

Temperatures in the UAE hit a new low. A chilly 1.9℃ was recorded in Ras Al Khaimah's Jebel Jais at 5am on Saturday, just a day after hitting 2.2℃. The cold weather conditions resulted in frost formation on the mountain, the highest peak in the UAE. Ice crystals were seen...

Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, marked his Accession Day with a heartfelt tribute to his wife, Sheikha Hind bint Maktoum, whom he described as "the most beautiful thing" in his life, his "greatest supporter," and the "soul of Dubai." Nineteen years ago, on January 4, 2006,...

DUBAI – Dubai’s real estate market had a record-breaking year in 2024, with new milestones set throughout the year, culminating in an all-time peak of 180,900 transactions worth AED 522.1 billion. A market report issued today by fäm Properties highlights how 2024 became a historic year, with significant increases of...

Early-Year Corrections Could Make Way for Fresh Rally in Gold, Analyst Says Gold hit a two-week high on Thursday, fueled by safe-haven buying and a dip in US Treasury yields, while the market adjusted positions ahead of the Federal Reserve’s rate outlook and President-elect Donald Trump’s looming trade tariffs. Spot...

The police urged motorists to slow down and exercise extra caution on the roads. Many residents across the UAE woke up to a rainy day on Friday morning, with lightning strikes reported in some areas. The winter cold also hit the mountains, with temperatures dropping to 2.2°C — marking the...

ABU DHABI  – Abu Dhabi Global Market (ADGM), the international financial center of the UAE’s capital, has announced an updated fee schedule for obtaining and renewing an ADGM commercial license. Effective from 1st January 2025, fee reductions of 50 percent or more apply to non-financial and retail businesses within the...