Company reported Q1 net profit attributable to shareholders of $17.3mln ** Shares in Dubai-listed construction firm Arabtec ARTC.DU jump 6.9 percent to 1.71 dirhams in early, unusually heavy trade; on Wednesday, stock had hit nine-year low ** Arabtec reported on Thursday Q1 net profit...

Sharjah Airport Authority (SAA) has signed three agreements worth approximately Dh100 million ($27.2 million) related to its ongoing comprehensive expansion project, a media report said. The contracts include the delegation of consultancy services to ADP Ingénierie, a French company that...

Emirates Group announced all employees will receive a five-week bonus following a 67% increase in annual profit Emirates Group announced all its employees would receive a five-week bonus this year, after the airline announced its profits more than doubled in its annual results for 2017-18....

Both output and new work increased sharply last month but at a slower rate than in previous months Dubai's non-oil economic growth slowed in April as employment generation, output and new work improved at a slower pace. The Dubai Economy Tracker Index (DET), released by Emirates NBD,...

Visitor numbers also see an annual increase of 45% UAE - DXB Entertainments (DXBE) has announced that its revenue for the first quarter of 2018 stood at Dh173 million, an increase of 10 per cent compared to the previous quarter. The company also announced that visits reached 851,013, an...

International Trade Secretary, Dr Liam Fox MP, announces support for phase four of DWTC expansion UK Export Finance (UKEF), the UK's export credit agency, is to provide support of more than £100 million ($135.2 million) for the construction of the fourth phase of the Dubai World Trade...

Emirates airline reported a profit of $762m, an increase of 124% over last year's results Emirates Group announced full year profit of $1.1 billion (AED4.1bn) for the financial year ended 31 March 2018, up 67% from last year. The group, which includes airport services company dnata,...

A total of 165 violations have been reported, says Roads and Transport Authority The Roads and Transport Authority (RTA) has closed 40 private parking yards in Dubai following an inspection campaign. Offending parking operators were found to breach the stipulations in place or have...

Circular issued amid increasing phenomenon of unauthorised medical people entering operation rooms to record surgery Dubai Health Authority has issued a circular banning all medical facilities in the emirate from filming patients during surgery. Dr Marwan Al Mulla, director of Health...

ASDA'A Burson-Marsteller Arab Youth Survey 2018 also reveals strong support among young Emiratis for VAT The UAE has retained its position as the top country where Arab youth would like to live and want their own countries to emulate for the seventh consecutive year, according to the...