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UAE and other nations take part in advance G20 meeting

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The G20 Trade and Investment Ministerial Meeting (TIMM) was held in Jaipur, India, and Dr. Thani bin Ahmed Al Zeyoudi, the UAE’s Minister of State for Foreign Trade, attended.

He presented ideas with ministers and trade officials to improve international commerce and make sure it keeps fostering long-term economic progress for all countries.

Before the Leaders’ Summit in New Delhi in September, this was the last G20 trade and investment ministers meeting.

It adopted the key resolutions developed during the year by the trade and investment working group, which centered on five priority issues: Trade for Growth & Prosperity; Resilient Trade and Global Value Chains (GVCs); Integrating MSMEs into World Trade; Logistics for Trade; and World Trade Organization (WTO) Reform.

The outcomes of the TIMM will be presented to the Leaders’ Summit on September 9-10.

The UAE participated in the latest meeting as an invited guest of India under its presidency to contribute to the G20 forum. The invitation reflects the UAE’s growing importance as a trade partner to the world’s leading economies.

In 2022, non-oil trade between the UAE and G20 countries exceeded $341 billion, representing 55 per cent of the UAE’s total non-oil trade.

These figures reflect a growth of 21 per cent compared to 2021. The G20 accounts for 38 per cent of the UAE’s export revenue, while 67 per cent of the UAE’s merchandise imports come from G20 member countries.

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Dubai real estate firm names Afghan cricket star Rashid Khan as brand ambassador

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Afghan cricket sensation Rashid Khan has been named the new brand ambassador for Dubai-based MH Developers, a leading real estate firm making major strides in the emirate’s booming property sector.

The announcement comes at a time when Dubai’s real estate market is hitting new highs, with the first half of 2025 showing a 15% year-on-year rise in property prices and a 20% increase in transaction volumes, driven by strong investor confidence, economic stability, and world-class infrastructure.

Cricket and Construction Come Together

Known for his record-breaking feats on the pitch, including being the fastest bowler to reach 100 wickets in T20 internationals, Rashid Khan brings his global appeal and winning mindset to the real estate arena.

“The UAE has always been a second home for Afghan cricket, offering support and opportunity during difficult times,” said Khan. 

“This collaboration with MH Developers is a natural fit for me, professionally and personally, as it reflects shared values of resilience, growth, and building a better future.”

A Strategic Move by MH Developers

Murtaza Hashmi, CEO of MH Developers, said the partnership with Khan is part of a broader strategy to connect with new audiences and tap into Dubai’s rising profile as a global hub for luxury living and smart investment.

“Dubai offers a secure, well-regulated environment that continues to attract buyers and investors from around the world,” said Hashmi. 

“Rashid Khan’s international reputation and unwavering pursuit of excellence align perfectly with our mission to deliver top-tier real estate solutions during this exciting time for the market.”

What’s Next for MH Developers?

With this partnership in place, MH Developers plans to roll out signature projects that blend sophisticated design with solid investment potential, tailored to the modern lifestyle demands of Dubai’s growing resident and investor base.

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Thinking of buying your first home in Dubai? A new government programme is here to help

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If you’ve been dreaming of owning a home in Dubai but weren’t sure where to start, the city just made it easier. A brand-new initiative, launched by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), is offering residents a chance to step onto the property ladder with exclusive incentives and support.

Called the First-Time Home Buyer Programme, the initiative is open to all UAE residents aged 18 and above who don’t currently own a freehold home in Dubai. It offers early access to newly launched developments, special prices on homes valued up to Dh5 million, and custom mortgage solutions from leading local banks.

At its core, the programme is designed to make homeownership more accessible and attractive to both Emiratis and expats, encouraging long-term investment and helping residents put down real roots in the city.

Announced during a press conference at DLD, the launch was attended by senior officials, including Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, and Hadi Badri, CEO of the Dubai Economic Development Corporation at DET, along with representatives from top developers and banks.

Here’s what you get as a first-time buyer in Dubai:

  • Priority access to upcoming property launches
  • Preferential pricing on selected units up to Dh5 million
  • Tailored mortgages from banks, including Emirates NBD, Dubai Islamic Bank, Mashreq, and others

Major developers such as Emaar, DAMAC, Nakheel, Azizi, Binghatti, and Meraas are already on board, ensuring a wide selection of properties across the city.

Officials say the programme not only aims to help more residents become homeowners, but also supports Dubai’s long-term economic vision, as part of the Real Estate Strategy 2033 and the D33 Agenda.

“Dubai’s real estate market must reflect the diversity and ambition of its residents,” said Omar Bu Shehab, Director-General of DLD. “This programme opens the door for more people to invest in their futures here.”

Whether you’re a young professional thinking of buying your first apartment or a family looking to make Dubai your permanent base, the First-Time Home Buyer Programme could be your opportunity to finally make that move.

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India’s top steelmaker opens office in Dubai to boost UAE ties and tap regional market

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India’s largest steel producer, the Steel Authority of India Limited (SAIL), has opened its first representative office in Dubai, a move expected to deepen economic ties with the UAE and unlock new business opportunities across the Middle East and North Africa (MENA) region.

The new office, located at Lake Central in Dubai’s Business Bay, was officially inaugurated by India’s Union Minister for Steel, Heavy Industries and Public Enterprises, HD Kumaraswamy. The launch marks a key step in India’s push to expand the global footprint of its public sector enterprises.

The event was attended by senior dignitaries, including Satish Kumar Sivan, Consul General of India in Dubai; Amarendu Prakash, SAIL’s Chairman and Managing Director; the Joint Secretary of India’s Ministry of Steel; and top officials from MECON, NMDC, and India’s Consulate in Dubai.

“By establishing offices of three major public sector units – SAIL, MECON and NMDC – in the UAE, we are opening a new chapter in bilateral cooperation,” said Minister Kumaraswamy. “This move supports our vision to strengthen CPSEs, backed by the Prime Minister’s strong relationship with the UAE leadership. The region offers tremendous opportunities for Indian manufacturing and steel exports.”

The Dubai office is set to serve as a strategic hub for SAIL, leveraging the city’s status as a gateway to the MENA region. The company currently produces over 20 million tonnes of crude steel annually and is looking to significantly boost exports as part of India’s goal to reach 300 million tonnes of steel production by 2030.

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