The increase brings year to date traffic at the airport up 9.3 per cent Dubai Airports has announced an 8.8 per cent increase in traffic at Dubai International in February to nearly 6.95 million passengers. The increase brings year to date traffic at the airport up 9.3 per cent to...

Rahayel City aims to become a focal point for all automotive manufacturers, distributors, service providers and dealers Abu Dhabi's industrial development body has announced plans to build an integrated 'Auto Hub' which aims to become a focal point for all automotive manufacturers,...

Co-founder also says at least some of the proceeds from sale will be invested back in the business Souq.com will expand its workforce and operations after Amazon clinched a deal to buy 100 percent of the Middle East online retailer, executives from both firms said. Amazon and...

ZonesCorp, the largest developer and operator of purpose-built industrial zones in the UAE, is set to develop Rahayel City, a new, world class, integrated ‘auto hub’ in Abu Dhabi at an estimated cost of Dh1.6 billion ($435 million). Unveiling the plans at the ongoing Global Manufacturing...

Dubai-based investment bank Arqaam Capital is launching a globally focused hedge fund, it said on Monday, becoming one of only a handful of local firms to offer such a product. Although Dubai has been growing rapidly as a banking centre, the local fund management industry has largely...

Abu Dhabi: The UAE is aiming to attract $75 billion by 2025 into the country’s new industrial manufacturing sector, the UAE economy minister said in Abu Dhabi on Monday. In his inaugural address at the world’s first Global Manufacturing and Industrialisation Summit, Sultan Bin Saeed Al...

Dubai's Union Properties surges after dividend proposal Emaar Malls share price dropped in Dubai Financial Market after reports that it was expected to enter the race to acquire e-commerce portal Souq.com. Quoting sources familiar to the offer, Arabian Business reported that Emaar...

Country forecasts savings by switching half its power needs to clean energy by mid century The United Arab Emirates forecasts that savings generated by switching half its power needs to clean energy by mid century will outstrip the investment costs. The Gulf state plans to invest...

Organisers say prices have been maintained at 2016 levels; 30% discounts also on offer for early bird buyers Tickets for the 2017 Formula 1 Etihad Airways Abu Dhabi Grand Prix have gone on sale with prices maintained at 2016 levels, organisers said on Monday. Prices have been frozen...

Dubai government has awarded contracts worth Dh1.2 billion ($327 million) for construction of the 7th Interchange on Sheikh Zayed Road, as well as the Al Yalayis and Al Asayel roads in the emirate, said a report. The two projects, approved by Vice President and Prime Minister of the UAE and...