ABB to build substation that will integrate solar power from Mohammed bin Rashid Al Maktoum Solar Park to electricity grid Swiss-based ABB has won an order worth more than $90 million from Dubai Electricity and Water Authority (DEWA) to build a substation that will integrate solar power...

Company behind Alibabcoin subject to legal action in New York which seeks damages over trademark infringements Dubai-based Alibabacoin Foundation, the company behind the recently launched cryptocurrency Alibabacoin, is being sued by Chinese e-commerce giants Alibaba for trademark...

Progress on two-tower development in Dubai Creek Harbour is set to accelerate Emaar Properties’ Creek Horizon residential project at Dubai Creek Harbour has now reached ground level. The project comprising two towers, rising from a landscaped podium structure, will also offer individual...

Incident caused the return flight to Dubai to be significantly delayed. A flydubai aircraft was delayed by nearly seven hours following a bird strike while landing in Sri Lanka, the airline said on Tuesday. According to a flydubai spokesman, flight FZ551, operated by a Boeing 737-800 -...

Union Properties announces the launch of new mixed-use community focused development Union Properties on Tuesday announced the launch of Zawaya, a new mixed-use development in Dubai's Motor City. With the launch of Zawaya, Union Properties said it will be initiating the first phase of...

Increased supply renders short term rebound in rents or prices unlikely Abu Dhabi's residential property market is likely to see further declines in both sale prices and rents over the next 12-24 months, but its mid-term prospects are beginning to look brighter, according to the head of...

Middle Eastern ultra-wealthy individuals own an average of 4.0 homes just ahead of Russia (3.5) and significantly ahead of other regions. The Middle East ranks in first place in terms of number of first and second homes owned by the ultra-high-net-worth individuals (UHNWIs), a report said....

$1 million can buy 138 square metres of prime residential property in Dubai Dubai's prime residential property prices have been softening, which made the emirate more economical than most of its peers around the world. However, analysts believe the prices are projected to rise, thanks to...

Based on UAB's current market capitalisation, 40% stake held by Qatar's Commercial Bank is worth around AED1bln ($270 million). DUBAI/ABU DHABI - United Arab Emirates-based Tabarak Investment has been granted more time to secure the financing it needs to buy Qatar's Commercial Bank's 40...

DFF organised a workshop where team leaders of the 37 government entities partook in it. The Dubai Future Foundation (DFF) has launched the second phase of the Dubai 10X Initiative, which aims to make Dubai a world capital of innovation within the span of a decade, transforming it into "a...