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Meraas unveils new residential neighbourhood in Dubai
February 22, 2019
UAE-based Meraas has unveiled its plans for Central Park at City Walk, a new exclusive residential neighbourhood which will surround a 40,000 sq m private park in the heart of Dubai. A Dubai-based conglomerate, Meraas aims to...
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UAE signs $5.5bln deals at Idex
February 22, 2019
UAE companies received 35% of the deals while 65% were awarded to foreign firms The UAE has awarded 104 defence contracts worth more than Dh20.35 billion to local and international companies over the five days of the...
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Dubai's Du posts $480m profit as it searches for new CEO
February 21, 2019
Dubai telecoms operator announces record revenue in 2018, says search to find successor to Osman Sultan has entered active phase Emirates Integrated Telecommunications Company, better known as du, on Wednesday announced a 2.4...
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Revealed: the robots cleaning Dubai Metro stations
February 21, 2019
Roads and Transport Authority starts using robots to clean metro stations as part of drive to use artificial intelligence technology Dubai’s Roads and Transport Authority (RTA) has embarked on using robots in cleaning metro...
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Double-digit drop in Dubai real estate companies
February 21, 2019
Experts from Property Finder believe that the exits are a 'much-needed' sign of consolidation in the industry A total of 486 property companies and real estate brokerages failed to renew their licences in 2018, according to...
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Emaar denies it plans to accept digital currency payments
February 21, 2019
Dubai real estate giant responds to reports and blogs circulated online citing an alleged Emaar circular to real estate brokers Emaar Properties, Dubai’s biggest publicly traded developer, on Wednesday denied reports of plans...
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Flydubai's 2018 profits hit by fuel costs, posts loss
February 21, 2019
Carrier's total annual revenue grew 12.4 per cent to Dh6.2 billion compared to Dh5.5 billion last year Dubai - Budget carrier flydubai on Wednesday said it posted Dh157 million profit in the second half of 2018 but recorded...
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UAE banking sector remains resilient: Sheikh Ahmed
February 21, 2019
The UAE economy, and the banking sector in particular, remained resilient in 2018, despite a challenging environment across global markets, ... The UAE economy, and the banking sector in particular, remained resilient in 2018,...
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UAE hailed for plans to get ready for driverless future
February 20, 2019
UAE earns place in the global top 10 for the second year in a row in KPMG's Autonomous Vehicles Readiness Index The UAE has earned a place in the global top 10 for the second year in a row in KPMG’s Autonomous Vehicles...
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UAE's Etisalat posts $2.3bn net profit for 2018, up 2.4%
February 20, 2019
Abu Dhabi-based telecoms operator says global subscribers rise 1% to 141 million UAE-based Etisalat Group announced on Tuesday a 2.4 percent rise in annual net profit of AED8.6 billion ($2.3 billion) after Federal Royalty....
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