Fluctuations of key foreign currencies are statistically linked to Dubai property prices, according to a new study. Phidar Advisory’s mid-quarter research shows a significant relationship between the Indian Rupee, British Pound and Pakistani Rupee, and the emirate’s real estate rates. The report also shows that residential prices in the third quarter continue to decline. Meanwhile in the first quarter, transaction volumes for apartments were down by 28.2%, and by 8.6% for single family homes.
UAE Attorney-General orders investigation of flydubai flight incident
UAE Attorney-General Dr. Hamad Saif Al Shamsi has ordered the formation of a team from the Public Prosecution to investigate the incident involving flydubai flight FZ1073 on Wednesday.
KHDA to launch AI policy for Dubai schools in 2027
Dubai's Knowledge and Human Development Authority (KHDA) is developing a standardised policy that will set guidelines for the ethical use of AI in private schools, which will roll out in 2027.
Flydubai suspends Israel flights amid FZ1073 incident investigation
Flydubai has announced the temporary suspension of all flights to and from Israel following the incident involving flight FZ1073 on September 30.
GCAA: Security incident involving flydubai flight brought under control
The UAE’s General Civil Aviation Authority (GCAA) says a security incident involving flydubai flight FZ1073 from Dubai to Tel Aviv has been brought under control.
UAE condemns killing of oil tanker crew members off Somalia coast
The UAE has condemned the attack that caused the deaths and injuries of crew members from the hijacked oil products tanker MT Honour 25 off the coast of Somalia during an operation to free the vessel.
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