Expats remittances from the UAE amounted to Dh39.9 billion ($10.8 billion) during Q4 2018, 7.7 per cent down against the same period in 2017, according to figures released by the Central Bank of the UAE, a media report said. A total of Dh9.5 billion of the remittances were transferred...

Decline in residential real estate sector set to continue for 12-18 months Ratings agency Moody's has said that it expects loan losses at banks in the United Arab Emirates to increase over the next 12-18 months as a result of a weakening construction and real estate market. The...

Arada unveils new investment opportunity after announcing the launch of Nest, an integrated student accommodation complex Developer Arada is introducing a new investment opportunity after announcing the launch of Nest, an integrated student accommodation complex in its Sharjah mega...

Dubai Healthcare City Authority announces revised fees for several of its healthcare, commercial, and research and education offerings Dubai Healthcare City Authority (DHCA) on Tuesday announced revised fees for several of its healthcare, commercial, and research and education...

Dubai Refreshment Company said it was forced to pass the taxes to the consumer, resulting in higher prices The implementation of value-added tax (VAT) and excise tax amounted to 60 percent of the Dubai Refreshment Company’s net local revenue and led to higher consumer prices, according...

Dubai Sports Council launches WUS Incubator Programme, a training programme to take athletes with potential and turn them into world beaters Dubai Sports Council (DSC), in collaboration with the World’s Ultimate Strongman, has launched the WUS Incubator Programme - a training programme...

UAE-based subscription video on demand service announces achievement, five years after launch Starz Play, the UAE-based subscription video on demand (SVOD) service and digital start-up, has announces that it has reached one million subscribers. Since inception in 2014, the...

2019 is set to be another strong year with more events Abu Dhabi National Exhibitions Company (Adnec) hosted 14 per cent more events last year compared to 2017 and contributed Dh3.41 billion to the capital's economy, its top official said on Monday. Adnec Group CEO Humaid Matar Al...

The country's residency departments will now start receiving applications for the long-term visa permits. Businessmen and entrepreneurs in the UAE have said that they would "definitely apply" for the long-term visa, the regulatory framework of which was adopted by the Cabinet on...

Value equivalent to roughly 30% of combined GDP of all GCC nations The size of the wealth and asset management sector at the Dubai International Financial Centre (DIFC) stands at $424 billion, equivalent to roughly 30 per cent of the combined gross domestic product of all GCC...