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24/07/2025
Dubai’s residential property market continues to break records, with Q2 2025 marking a historic peak in both transaction volumes and values. According to the latest analysis from global property consultancy Knight Frank, residential prices have surged 13.7% compared to a year ago, with villas leading the way—up 16% year-on-year.
The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre in the UAE capital, reported a 30% increase in licensed financial services firms in its 2024 Annual Report, bringing the total to 272.
UAE tops the list of the world’s safest countries in 2025, according to Numbeo’s Safety Index Mid-Year Report.
The top 10 rankings highlight the continued emphasis on security and quality of life across several nations.
24/07/2025
The European Central Bank (ECB) held interest rates steady at 2% on Thursday, pausing its year-long cycle of monetary easing. This follows eight rate cuts—seven of them consecutive—since June of last year, as officials await greater clarity on future trade relations with the United States.
On Thursday, the Dubai Land Department دائرة الأراضي والأملاك signed a memorandum of cooperation with Masdar City to allow companies and entities operating within Masdar City’s free zones to own land and properties in Dubai under the freehold ownership system. This initiative will be implemented within a clear and comprehensive regulatory framework.
Türkiye’s central bank on Thursday lowered its key interest rate by 3% to 43%, marking a return to monetary easing. This is the first rate cut since April, when the bank had raised rates to 46%.
Saudi Arabia’s Ministry of Investment has unveiled a $100 million tower project in Syria, reinforcing its commitment to the country’s reconstruction efforts.
Bank of America has announced that its board of directors has approved a new $40 billion stock repurchase program, effective August 1. This new authorization will replace the existing buyback plan, which had around $9.1 billion remaining as of June 30.
Saudi Arabia’s non-oil exports, including re-exports, rose by 6% year-on-year in May 2025, reaching SAR31 billion ($8.26 billion), according to data from the General Authority for Statistics (GASTAT).
The UAE continues to rank among the world’s most powerful passports, maintaining its position as the leading Arab nation in global mobility. Over the past decade, it has climbed 34 spots—from 42nd to 8th—marking the only significant rise to break into the top 10.
The Ministry of Justice - UAE has announced a new decision to regulate the Bankruptcy Court, aiming to strengthen the judicial framework supporting the national economy and improve the handling of financial distress and bankruptcy cases.
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