DAFZA’s investment in new expansion projects DUBAI- The Dubai Airport Freezone Authority, DAFZA, has announced that its 2019 budget has increased significantly to AED1 billion. DAFZA’s investment in new expansion projects is estimated to be around AED780 million representing 78...

Expo 2020 Dubai data will be used to make a business case for companies to participate in future world expos The organisers of the American pavilion at Expo 2020 Dubai will be gathering data to present the business case for companies participating in future world expos, according to...

Strategy seeks to build on Dubai's position as a strategic trade link between east and west, and north and south Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has approved the Dubai Silk Road strategy that seeks to build on the emirate's position as a...

Order book hits $3.5B, close to 4.7 times oversubscription Emirates Development Bank (EDB) on Saturday announced that it raised $750 million (Dh2.75 billion) through five-year bonds at 3.516 per cent coupon rate and was strongly oversubscribed. The UAE government-owned lender,...

Dubai's biggest bank secures spot among the top 100 global banking brands, according to new report Emirates NBD has been named as the UAE’s most valuable banking brand with a $4.04 billion valuation in The Banker’s annual brand valuation league table. The Dubai-based bank also...

Private sector has to play a major role in strengthening the local healthcare industry: Avivo Group CEO UAE-based healthcare company Avivo Group plans to further expand its presence in the Gulf countries and North Africa amid growing opportunities and strong demand for healthcare...

The size of each aluminium futures and zinc futures contract will be 5 metric tons (MT), denominated and traded in U.S. dollars DUBAI: The Dubai Gold & Commodities Exchange (DGCX) said on Saturday it was launching two new base metal products, aluminium futures and zinc futures....

Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks FZ, a deal that would expand the ride-hailing giant’s operations in the Middle East, reported Bloomberg, citing people familiar with the matter.  The companies may announce a cash-and-shares...

A total of 21,014 residential units, including apartments, villas and townhouses, had been completed during the third quarter of 2018 and this year the number of new homes is likely to hit 47,500, said a report by Property Finder, the UAE’s pre-eminent real estate portal. The increased...

To cater to this growth in the maritime industry, nearly $65bln was invested in ports across the UAE in 2018 As the UAE's maritime industry continues to grow - driven by an increasing interest in activities such as sailing, watersports and fishing trips, as well as investments in ports...