DIFC Launches Real Estate Data API

The global economy is facing an increased risk of recession due to escalating tariffs and growing trade tensions between major economies, as highlighted by deVere Group CEO Nigel Green. Recent data shows a contraction in global goods trade and deteriorating manufacturing activity, leading to downward revisions in global growth forecasts by institutions like the IMF and World Bank. Green warns of a dangerous feedback loop of trade barriers leading to slower growth, urging investors and...

Dubai has implemented a new variable pricing system for public parking facilities, introducing different rates based on facility type and time of day, including special rates during major events. Parkin Company PJSC, the largest provider of paid public parking in the emirate, revealed the updated provisions, which include premium parking zones in high-demand areas and a new tariff structure dividing the day into peak and off-peak hours with varying rates. In addition, Parkin's portfolio now...

Basel Adra, Palestinian director and recent Oscar winner for co-directing "No Other Land," addressed the UN about the worsening situation in the West Bank, despite the film's success. The documentary highlights Israeli violence and forced displacement in Masafer Yatta, with Adra emphasizing the brutal occupation Palestinians face on a daily basis, including attacks by Israeli settlers. Despite the film's accolades, Adra and his co-director have faced backlash, with reports of attacks and brutality, as tensions...

Dozens of people were killed in an Israeli strike on a school-shelter in Gaza City, as part of Israel's offensive to pressure Hamas to release hostages. The Israeli military is investigating the incident. The collapse of a cease-fire in mid-March has led to over 1,000 deaths in Gaza. Full Article

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum launched the MyDubai Communities platform to unite diverse communities in Dubai, promoting tolerance and peaceful coexistence. The initiative aims to connect residents and visitors through interest-based communities, fostering creativity, belonging, and strong community bonds. The platform offers access to around 100 communities, aligning with Dubai's vision of excellence, social eminence, and a vibrant, inclusive community. Full Article

The Israeli military is investigating an incident where troops fired on ambulances, claiming to target "terrorists," resulting in the deaths of 15 medics and humanitarian workers in Gaza. The bodies of the victims, including members of the Red Crescent and UN agency, were found in a mass grave in Rafah, illustrating the impact of the ongoing conflict. UN officials and Secretary-General Antonio Guterres expressed shock and condemnation over the killings, emphasizing the need for accountability...