Al Ahli Group CEO Mohammed Khammas says UAE has enough theme parks for time being Ambitious plans for a 20th Century Fox World theme park in Dubai are on hold due to concerns about oversupply, according to Mohammed Khammas, CEO of Al Ahli Group. Al Ahli Group signed a global licensing...

Artificial intelligence integrated in Dubai Police's most recent security systems helped solve the case An Asian gang which stole AED7m ($1.9m) in an armed robbery related to a Bitcoin scam has been arrested by Dubai Police. The gang, led by a Gulf national, assaulted and robbed two...

Mubadala Investment Co was formed after a merger International Petroleum Investment Co (IPIC) during the year Mubadala Investment Company reported an operating profit of $2.9 billion for 2017 up 11.5 percent on the previous year. The Abu Dhabi-owned company, formed following a merger...

Abu Dhabi’s Al Hilal Bank PJSC uncovered internal fraud worth more than Dh500 million ($136 million), reported Bloomberg citing people with knowledge of the matter.  Some employees at the Abu Dhabi state-owned Islamic lender allegedly withdrew funds from dormant customer accounts, said...

Dubai's Roads and Transport Authority (RTA) has announced the opening of three new bridges as part of the Airport Street Improvement Project on Friday.  By opening these bridges, the RTA completes the opening of all bridges on the Airport Street; which considerably contributes to easing...

Firms anticipating better outcomes on revenues, sales volumes, profits and new orders Confidence among Dubai businesses increased in the first quarter of 2018 and executives are even more optimistic about the second quarter, thanks to rising oil prices and brighter global economic...

Emirate has been taking a pioneering role in self-driving cars, automated ports, testing of delivery robots and drones and social robots among others. Dubai has been chosen among the world's top 3 model smart cities, pioneering in different public and private services for the betterment of...

Improvements in government spending, employment and capital expenditure sub-components also highlighted UAE - Confidence improved in the UAE in the first quarter of 2018 as economic buoyancy across the Middle East rebounded strongly to its highest level since second quarter 2015,...

Infrastructure development starts on Mina Rashid Cruise Terminal which aims to be largest in the world Infrastructure development is underway to add more capacity to DP World’s Mina Rashid Cruise Terminal as the emirate looks to cement its reputation as a global cruise tourism hub. The...

Roads and Transport Authority denies route has been planned between Dubai and other emirates Dubai's transport authority on Thursday poured cold water on plans to build a revolutionary Hyperloop system connecting the city with other emirates. The Roads and Transport Authority (RTA) said...