The refinancing risk for speculative-grade non-financial companies in Europe, the Middle East and Africa (EMEA) region has considerably fallen, with over half of the almost $1 trillion debt now due in 2022 and beyond as investors' continued strong appetite for higher yields pushes maturities...

The United States has lifted the in-cabin ban on laptops and other large electronic devices on U.S.-bound flights from Dubai and Istanbul, Emirates and Turkish Airlines said on Wednesday. The announcements come three days after restrictions were lifted on Etihad Airways' hub Abu Dhabi...

New report says 78,000 units scheduled for delivery by 2020 could hinder price recovery The downturn in Dubai's residential market, which has seen prices fall over a number of months, is nearing its end, according to a new report. JLL's Q2 2017 Dubai Real Estate Market Overview report...

US e-commerce giant looking to expand regionally, says Grandinetti Souq.com will continue to operate its current website as is for the time being, a senior Amazon.com executive has said. On Monday, the US e-commerce giant completed the acquisition of Souq.com after signing an...

Etihad Airways has introduced the Airbus A380 aircraft on one of its two daily services between Abu Dhabi and Paris Charles de Gaulle. The new service has been introduced to meet seasonal demand from July 1 to October 28 and December 15 to February 15, 2018. The A380 will then...

ADIA last year broadened its focus in Asian private equity markets, particularly China and India The Abu Dhabi Investment Authority (ADIA), one of the biggest sovereign wealth funds in the world, is looking for direct investment opportunities in private equity and alternative investments...

New report says UAE cities have slipped down global list of most expensive cost of living since January Three UAE emirates - Dubai, Abu Dhabi, and Sharjah – are becoming “more affordable” cities this year, according to Numbeo’s latest report. In its mid-year 2017 cost of living...

Apartment rents have declined by around 10 per cent over the past 12 months, says JLL report Residential rents and sales prices in Abu Dhabi dropped in the second quarter of the year even as the emirate was affected by dull economic conditions, a new report has found. The report by...

Boundaries separating the different classes on Dubai’s number one airline appear to be blurred, based on one recent experience. Emirates airline did not soar from a two-plane operation in the desert to the world’s largest long-haul carrier by relaxing its grip. Since its inception, it has...

Dubai Investments PJSC is in negotiations with United Arab Emirates-based private sector healthcare providers NMC to develop a new hospital in Mirdif, the company’s chief executive said. The company said in a statement in May it was looking at diversifying into new sectors, such as...