The UAE and Saudi Arabia are expected to have additional revenues in the wake of VAT The GCC countries are marking a turning point in 2018 as their economies overcome two difficult years of a low oil price environment and various austerity measures, economists and analysts said....

European countries should look at the broader economic benefits of increased Gulf travel: official European countries should look at the broader economic benefits of increased Gulf travel rather than focusing on the fate of national airlines, a senior UAE official said ahead of open skies...

State-owned company looking for project managers and engineering consultants as it looks to re-start tendering process Etihad Rail is gearing up to launch construction tenders for the second phase of the UAE federal railway network, it was announced on Thursday. "The second phase...

Emirate bounces back from 2009 when it struggled to repay billions of dollars in debt The cost of ensuring Dubai’s bonds against default has fallen below 100 basis points for the first time in more than a decade. That’s a milestone for the emirate that couldn’t repay billions of...

Allsopp & Allsopp says it has acquired PuzzleWorks to further enhance its mortgage services Dubai-based real estate firm, Allsopp & Allsopp, has acquired PuzzleWorks, the independent mortgage consultancy to further enhance its mortgage services. PuzzleWorks will now become part of...

New channel is the first such channel in the Middle East and North Africa, and only the fourth globally OSN, the regional entertainment network, has teamed up with Disney to create a new home for movies with the upcoming launch of new channel OSN Movies Disney HD. The new channel,...

Dr B Ravi Pillai is a business magnate who turned RP Group into a construction heavyweight worth billions A Dubai-based businessman has been named as the first to buy a home in Tower B of Trump Towers in Pune, India. Dr B Ravi Pillai, a business magnate who turned RP Group into a...

Prysmian Group, a global leader in energy and telecom cable systems sector, has been awarded a contract worth €3 million ($3.69 million) to supply over 400 km of fire-resistant cables to the Royal Atlantis Resort in Dubai, UAE. The Royal Atlantis Resort & Residences is the newest icon of...

The combined annual profit of the insurance companies listed on the UAE financial markets for 2017 surged to Dh1.4 billion ($381 million) from Dh900 million in 2016, a media report said. The growth is attributed to hiking premiums resulting from the updated unified insurance policy which...

The UAE gross bank assets, including bankers’ acceptances, reached Dh2.688 trillion ($733 billion) at the end of January, reflecting a 0.3 per cent fall from Dh2.695 trillion at the end of prior-month, figures by the UAE Central Bank showed. Gross credit in the banking system, increased by...