ADIA last year broadened its focus in Asian private equity markets, particularly China and India The Abu Dhabi Investment Authority (ADIA), one of the biggest sovereign wealth funds in the world, is looking for direct investment opportunities in private equity and alternative investments...

New report says UAE cities have slipped down global list of most expensive cost of living since January Three UAE emirates - Dubai, Abu Dhabi, and Sharjah – are becoming “more affordable” cities this year, according to Numbeo’s latest report. In its mid-year 2017 cost of living...

Apartment rents have declined by around 10 per cent over the past 12 months, says JLL report Residential rents and sales prices in Abu Dhabi dropped in the second quarter of the year even as the emirate was affected by dull economic conditions, a new report has found. The report by...

Boundaries separating the different classes on Dubai’s number one airline appear to be blurred, based on one recent experience. Emirates airline did not soar from a two-plane operation in the desert to the world’s largest long-haul carrier by relaxing its grip. Since its inception, it has...

Dubai Investments PJSC is in negotiations with United Arab Emirates-based private sector healthcare providers NMC to develop a new hospital in Mirdif, the company’s chief executive said. The company said in a statement in May it was looking at diversifying into new sectors, such as...

The nature-themed Dh1.2b Cityland Mall near Global Village is set for a second-half 2018 opening Dubai: The developer of Cityland Mall near the Global Village on Shaikh Mohammad Bin Zayed Road has raised Dh524 million from banks to part-finance the Dh1.2 billion development. It can...

The Emirates Tower Business Park is expected to be completed in four years Dubai: A Dh5 billion tower complex was launched on Tuesday by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. The Emirates Tower Business...

Sharjah has retained its position as an affordable alternative to neighbouring Dubai amongst the wider expat community with villas emerging as the standout performer in the northern emirate’s residential rental market this year compared to apartments, according to leading real estate consultancy...

UAE-based Aries International Interiors said it has developed the first-of-its-kind eco-friendly and cost-effective air-conditioned bed which runs on solar energy. This innovative concept, which has been designed in association with UAE-based Aries International Maritime Research Institute...

Amazon and Souq.com, the largest online retail and marketplace website in the Arab world, have confirmed the official completion of the acquisition of Souq.com by Amazon. As the first step of integration, customers can now log on to Souq.com using their Amazon credentials, a statement said....