Airline president Tim Clark says new product will involve 'quite a big upheaval' to adapt fleet of aircraft Dubai-based Emirates airline is planning to roll out a new premium-economy product within the next year to 18 months, according to its president Tim Clark. Premium economy is...

PricewaterhouseCoopers (PwC) has been appointed as strategic adviser to Drake & Scull International (DSI) in a move sources said could lead to a range of options for the Dubai-based contractor including bringing in a minority investor or a debt restructuring. DSI's board approved the choice of...

Some of Dubai’s newer freehold districts are offering property investors among the highest yields in the world despite a difficult 2016 for the emirate’s rental and sales markets, according to a new report by Propertyfinder Group. The report also revealed that apartments in most of...

Elton John has today, after medical examination and advise of his Doctor, decided to postpone some of the remainder tour dates to avoid escalating his current flu to full exhaust and fatigue rendering him unable to perform the shows to full capacity. It was therefore not an easy decision to make...

Aldar Properties has opened up sales of off-plan villas at its West Yas development to all nationalities. Abu Dhabi’s largest listed property developer was marketing the development of 1,017 four-bedroom and five-bedroom villas on Yas Island last year exclusively to Emiratis. The...

It’s pretty clear that 2016 hasn’t been the greatest year for the prime end of Dubai’s luxury property market. As Cluttons recently pointed out when issuing its third-quarter report, economic uncertainty and job losses in well-paid industries such as banking and finance have meant demand for...

Etihad Aviation Group, the holding company for the Abu Dhabi carrier, is to forge a new presence in the European tourism business in partnership with German travel company TUI. It has approved a plan to create a new European leisure airline with a fleet of about 60 aircraft offering 15...

Airline industry to require 92,000 additional cabin crew, 58,000 pilots Dubai: Airlines in the UAE and the rest of the Middle East will require an additional 200,000 personnel to support the growing demand for new aircraft deliveries over the next two decades, according to Boeing....

Dubai: The value of foreign investments in Abu Dhabi Securities Exchange (ADX) reached Dh3.3 billion by November, the exchange said in a statement on Wednesday. Institutional investments reached Dh4.6 billion over the same period. Non-Arabs investments accounted for Dh3.1 billion of the...

Dubai: UAE markets both closed higher on Wednesday, with the Dubai Financial Market (DFM) up 1.25 per cent at 3.495.73 and the Abu Dhabi Securities Exchange (ADX) up 1.79 pert cent at 4433.74. Technical analyst Osama Al Ashri said he expected both markets to reach highs in early 2017,...