UAE Ministry Denies Rumors of Capital Controls

The UAE Ministry of Economy and Tourism denied reports that the country is imposing capital controls or preventing foreign investors from transferring their funds.

The UAE Ministry of Economy and Tourism denied reports circulating on some platforms that the country is imposing capital controls or preventing foreign investors from transferring or disposing of their funds in accordance with the laws governing this matter.

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2026-03-19T02:37:22+00:00

Dubai Hotels Anticipate High Demand for Eid al-Fitr Holiday

Dubai's hoteliers report a rise in domestic tourism during the Eid al-Fitr holiday. Hotels are offering special packages and discounts to attract families, with occupancy rates expected to reach 60-90%.

Economy Events Local

2026-03-19T02:34:22+00:00

Online Shopping Surge in UAE During Ramadan

UAE retail officials report a 30-40% surge in online shopping since Ramadan began, driven by platform development, expanded discounts, and consumer preference to avoid store congestion.

Economy Local

2026-03-19T02:32:39+00:00

Dubai: Strong Economic Foundations and Tourism Sector Growth

Cavendish Maxwell has confirmed Dubai's strong economic foundations, highlighting the tourism market's resilience during instability. In 2025, the tourism and hospitality sector showed strong performance due to rising demand, strategic air connectivity, and more global events. The delivery of 4,600 new hotel rooms, mostly in luxury and upscale segments, is expected, reinforcing the emirate's status as a leading global tourist hub.

Economy Events Local

2026-03-19T02:31:56+00:00

S&P Forecasts Stability for Gulf Insurance Sector

S&P expects Gulf insurers' ratings to remain stable, supported by strong capital and accumulated profits that help mitigate risks from war and market volatility.