Hotels in Abu Dhabi recorded low rates in February despite strong occupancy growth due to difficult-to-match comparisons from 2017, new data showed. Figures released by STR revealed that revenue per available room (RevPAR) and average daily rate (ADR) dropped heavily in the second month of...

Dubai-based Damac Properties has issued a new tender for main works for a second tower at its six-tower luxury master development, Aykon City, on Sheikh Zayed Road overlooking Dubai Canal. The tender will cover the construction of the tower, which includes: three basements, ground floor and...

Expo 2020 Dubai Bureau has reaffirmed its commitment to inspiring collaboration and driving innovation globally DUBAI - Expo 2020 Dubai Bureau has reaffirmed its commitment to inspiring collaboration and driving innovation globally through a series of initiatives and events held during the...

The planned 2,100 km passenger and cargo network connecting the six GCC states was pushed back at least three years to 2021. The United Arab Emirates will have a rail link with Saudi Arabia by the end of December 2021, a senior tranport official said on Monday. "By the end of December...

Largest ever tranche of contracts for developer with 200 projects planned for this year Azizi Developments will start accepting the prequalification applications for $5.4bn (AED20bn) worth of contract tenders for its Dubai projects, the developer announced on Sunday. The developer,...

Dubai’s non-oil private sector registered strong improvement in business conditions during February, said the latest Emirates NBD Dubai Economy Tracker Index, highlighting a stromg uptick in new work. The seasonally adjusted Index – a composite indicator designed to give an accurate...

Sheikh Zayed Housing Programme has signed a Dh310-million ($84 million) contract with Aswar Engineering & General Contracting Company for the construction and maintenance of the Bateen Al Samar Residential Complex (Phase Two) in Ras Al Khaimah. The contract, signed by Dr Abdullah bin Mohammed...

The venture capital industry continues to grow in the region, especially with increased investments in small and medium-sized businesses. Dubai International Financial Centre (DIFC) has signed a Memorandum of Understanding (MoU) with Middle East Venture Partners (MEVP) to facilitate the...

ADNOC looking to find balance in strategic partners -analyst Abu Dhabi National Oil Company (ADNOC) said on Sunday it had signed 40-year agreements with Eni, awarding the Italian company a 10 percent stake in its Umm Shaif and Nasr offshore oil concession and a 5 percent stake in Lower...

The best performing sub-sector monitored by the survey was the wholesale & retail sector. February data signalled a further strong improvement in business conditions across Dubai’s non-oil private sector. Greater overall business activity remained a key driver of growth momentum, whilst an...