LATEST NEWS

Dubai's Emirates REIT sees 57% profit fall in 2018
April 21, 2019
Company's net property income falls as finance costs increase Emirates REIT, the shariah-compliant real estate investment trust listed on Nasdaq Dubai, reported a 57 percent decline in profit for 2018 as it suffered a decline...
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Opinion: why Expo 2020 is at the heart of the UAE's future
April 21, 2019
Expo 2020 Dubai is a long-term investment in the future of the UAE, the independently published EY report shows Expo 2020 Dubai’s aims stretch far beyond hosting a spectacular mega event to impress the world. We are making a...
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Emirates says to make Riyadh its newest A380 route
April 21, 2019
The Saudi capital city of Riyadh will be the 51st destination to join the Emirates A380 network when it launches on Sunday Emirates said on Thursday it will make Riyadh its newest Airbus A380 service when it launches the...
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UAE's aviation regulator to review Boeing's 737 Max planes
April 21, 2019
UAE's General Civil Aviation Authority part of multi-nation review of the Boeing 737 Max automated flight-control system The US Federal Aviation Administration is planning what it calls a comprehensive multi-nation review of...
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Dubai offers investment opportunities in major public parks
April 20, 2019
Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa Park in addition to the Quranic Park Dubai Municipality has announced several investment opportunities in...
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Dubai issues 7,418 new business licences this year
April 20, 2019
The number of licences issued to new businesses registered in Dubai rose three percent since December 2018. The total number of licences issued from the start of 2019 to April 15 reached 7,418, a Wam report said. The number...
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Emaar Properties to propose $290m dividend for shareholders
April 20, 2019
Dubai construction giant Emaar will propose 15% of the share capital as dividend at annual general meeting on Monday The 23rd annual general meeting (AGM) of Emaar Properties, which is scheduled to take place on Monday, will...
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Abu Dhabi property prices fall 3.2% since end-2018
April 20, 2019
New ValuStrat research says residential values in Q1 in UAE capital were 12.2% lower than same period last year Abu Dhabi residential property prices have fallen by more than 12 percent, according to consulting firm ValuStrat....
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UAE attracts about 2,000 millionaires as wealth migration grows
April 20, 2019
Global Wealth Migration Report for 2019 says Dubai alone attracted more than 1,000 millionaires, more than Los Angeles, Melbourne, Miami, New York, San Francisco or Sydney About 2,000 high net-worth individuals (HNWIs), each...
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Roads around Dubai's Jewel of the Creek project 80% completed
April 20, 2019
Roads & Transport Authority says construction of roads and underpasses are scheduled for completion by the end of June The roads around Dubai's Jewel of the Creek mixed-use project are nearing completion, the emirate's...
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