DP World signed a deal in April with Virgin Hyperloop One to create a global firm that will build high-speed cargo delivery systems A feasibility study conducted by Virgin Hyperloop One in the United States has determined that the hyperloop is commercially viable and will have...

Dubai ride hailing firm Careem said it will use the funding to expand into mass transportation, deliveries, and payments Dubai-based ride hailing app Careem has secured $200 million from existing investors including Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding....

The growth in the use of these letters reflects the momentum witnessed across non-oil sectors ABU DHABI - The value of letters of guarantee issued by UAE banks to their customers, including institutions and companies operating across various economic sectors, amounted to AED12.2 bn...

New report says Dubai's office market has seen an increase in relocation and consolidation activity, exerting downward pressure on occupancy levels Dubai’s office market has seen an increase in relocation and consolidation activity so far in 2018, exerting downward pressure on prime...

Public celebration will offer Dubai residents a glimpse of what is to come at the biggest event to ever be held in the region The two-year countdown to Expo 2020 Dubai will officially start ticking on Saturday with a public celebration at Burj Park in Downtown Dubai, offering the...

Dubai Taxi Corporation says cameras will monitor the movement of the taxi driver and objects in the interior and exterior of the vehicle Dubai Taxi Corporation (DTC) has launched the Al Yamama initiative where its taxis will be fitted with smart cameras. These cameras will monitor...

Etihad Airways and Abu Dhabi Waste Management Centre to collaborate on research into how municipal waste can be converted into jet fuel Etihad Airways and Abu Dhabi Waste Management Centre (Tadweer) are set to collaborate on a research project to explore how municipal waste can be...

UAEPASS allows the user to access services for both local and federal government entities, in addition to other service providers Smart Dubai, in partnership with the Telecommunication Regulatory Authority (TRA), has inaugurated UAEPASS, a national digital identity and signature...

The loan pricing is linked to DP World's carbon emission intensity as a way to incentivise the company to reduce its greenhouse gas emission DUBAI - Dubai port operator DP World has repriced and extended the maturity of a $2 billion "green" loan comprising conventional and Islamic...

The meeting on Oct 17 will tackle the board’s proposal of a special dividend of 26 fils per share representing 26% of the company’s share capital Dubai: Emaar Development’s shareholders are set to convene on Wednesday, 17 October to discuss the distribution of a special dividend....