Latest news with #Dh118
Filipino Times
a day ago
- Business
- Filipino Times
Dubai Court Orders Man to Repay Dh118,000 in Failed Currency Exchange Deal
A Dubai civil court has ordered an Arab man to return nearly Dh118,000 to an African trader after failing to deliver on a promised five-minute currency exchange. The defendant was also directed to pay Dh5,000 in compensation for financial and emotional harm. Court documents show that the trader, who needed U.S. dollars to pay Canadian suppliers, entrusted Dh117,913 to the defendant. The man had assured that the funds would be instantly converted through his local bank accounts. Instead of transferring the money, the defendant allegedly stalled and tried to reassure the trader with a photo of himself depositing cash at an ATM. However, the promised transfer never came through, leaving the trader unable to meet supplier deadlines. To maintain his business relationship, the trader paid his supplier again out of his own pocket and later pursued legal action in Dubai. Despite WhatsApp messages, invoices, and other evidence submitted, the defendant failed to appear in court or prove repayment. The court applied the UAE Civil Transactions Law, which requires anyone who unlawfully takes money to return it, ruling in favor of the trader and ordering repayment plus damages. The trader's larger claim of Dh100,000 in psychological and material harm was denied.
Al Etihad
15-04-2025
- Business
- Al Etihad
Women invest Dh118 billion in Dubai real estate sector
15 Apr 2025 13:24 DUBAI (WAM)Women investors contributed Dh118 billion to Dubai's real estate sector in 2024, through over 50,979 property transactions, according to Majida Ali Rashid, CEO of the Real Estate Development Sector at Dubai Land Department (DLD).Women now represent 34% of total real estate investors in Dubai, reflecting a growing trend toward long-term, stable investment, Rashid told Emirates News Agency (WAM).She noted that women possess strategic vision and leadership capabilities, positioning them as key players in shaping the future of the real estate market and contributing to Dubai's economic and social goals under the D33 economic agenda and the Dubai Real Estate Strategy said upcoming phases will focus on expanding policies that support women in real estate through investment incentives, advisory services, and increased representation in leadership further empower women, the Dubai Land Department has launched several initiatives, including the 'Real Estate Empowerment Programme,' which has attracted over 1,000 women to the sector, and the 'Dubai Real Estate Brokers Programme', which has boosted female participation in department is also working to create a flexible investment environment with financing solutions, training programmes, and support for women-led entrepreneurship. Beyond investment, women also play a vital role in family decision-making and financial stability. In response, the DLD has developed awareness programmes to enhance women's confidence and capabilities in making strategic real estate decisions.
Al Etihad
13-04-2025
- Health
- Al Etihad
UAE among best countries in quality of healthcare according to international rankings
13 Apr 2025 15:46 DUBAI (WAM)In 2025, the UAE continues to strengthen its global position in the healthcare sector, achieving top rankings and outstanding performance indicators. The country ranked first globally in the number of accredited healthcare facilities, thanks to a healthcare system based on the highest international standards and enhanced preparedness to handle pandemics and health risks — making the UAE one of the leading nations in healthcare country also achieved advanced positions in healthcare quality indicators, showing significant progress in areas such as basic healthcare outcomes, infrastructure, and preventive UAE's leading position in these rankings is attributed to its ongoing strategic investments in healthcare infrastructure. For the 2025 fiscal year, the UAE allocated Dh5.745 billion, equivalent to 8% of the federal budget, to healthcare and community prevention services, reflecting its sustained commitment to developing the health UAE is considered one of the world's top nations in healthcare, achieving high rankings across numerous international health indicators. It was ranked among the top 10 countries globally in 21 different health indicators, and secured 1st place regionally and 20th globally for healthcare UAE's leading status in these rankings is driven by a comprehensive national health strategy, significant investments in infrastructure, digital transformation in healthcare, and a strong focus on medical tourism. This reflects the nation's dedication to advancing healthcare services, meeting community needs, and enhancing its global Abdelghany, CEO of Fakeeh University Hospital, Dubai, stated that the hospital earned 5-Star Rating in Global Hospital Rating by Newsweek & Statista. This highlights the hospital's role in setting new standards in patient-centered care, clinical excellence, and medical innovation, placing it among the world's elite hospitals. Healthcare spending in the UAE is projected to reach approximately Dh151 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%, driven by investments in infrastructure and services. A report by the Ministry of Economy anticipates that healthcare spending will reach $26 billion by 2028, while the UAE aims to invest Dh118 billion in the healthcare sector by 2027, focusing on infrastructure development and enhancing public-private partnerships.
