ADNOC began a wide-ranging shake-up in 2016 to tackle competition from new producers such as U.S. shale firms State-owned Abu Dhabi National Oil Co (ADNOC) is in advanced talks with more than one potential buyer, including Italy's ENI, as it prepares to sell minority stakes in its...

Abu Dhabi-owned Manchester City aims to turn Girona into a developer of talent to snatch players from under nose of Spanish giant Barcelona Among the lush green mountains of northern Catalonia, a group of young soccer players dressed top to toe in blue gently jogs up and down a neatly...

Survey shows 41% of savers plan to start savings journey in 2018 UAE - Residents across the UAE are becoming more confident about their ability to save money for the future, yet many still struggle to find the necessary discipline to hit their saving targets, experts have noted....

Magnitt, a UAE-based startup data platform, indicates that there are 6,000 startups in the region The UAE has been a testament to how innovation and disruption are giving the younger generation a platform to explore their entrepreneurial abilities and scale new heights, while at the...

The total amount of real estate transactions recorded in Dubai, UAE, has surged to Dh2.8 billion ($762 million), according to the annual report released by Dubai Land Department (DLD). The emirate recorded real estate transactions worth Dh111 billion, for the first half of 2018 thus...

The ongoing ‘Sharjah Summer Festival 2018,’ which will come to an end on August 31, has had a significant impact on the emirate’s tourism sector, contributing to the revitalisation of the economy and increasing tourism inflow to the emirate. The Sharjah Commerce and Tourism Development Authority...

The UAE's fiscal surplus is expected to rise to 3.2% of GDP this year on the back of higher oil price and production forecasts The UAE's fiscal surplus is expected to rise to 3.2 percent of the country's gross domestic product (GDP) this year on the back of higher oil price and...

Virgin Hyperloop One seeks to open UAE office as it develops plans to transport people from Dubai to Abu Dhabi in just 12 minutes Virgin Hyperloop One is set to open an office in the UAE, its first outside the United States, it has been announced. Harj Dhaliwal, managing director...

A general assembly meeting will be convened on September 19 UAE - District cooling firm National Central Cooling Company (Tabreed) is seeking shareholders' approval to raise $1 billion through bonds, sukuk or any other instruments. The Abu Dhabi-based firm said in a statement posted...

Dubai Properties has appointed ART Marine as the exclusive operator of its 60-berth marina at Culture Village Dubai Properties has appointed ART Marine, the region’s largest leisure marine enterprise, as the exclusive operator of its marina at Culture Village. The 60-berth marina,...