UAE has ranked 10th globally as big spending Russian, Chinese tourists seek out luxury watches The UAE has ranked first among Arab countries and 10th globally on a list of countries importing luxury Swiss watches in 2018. The volume of UAE imports amounted to 910.4 million Swiss...

The index decreased from 98.0% in the fourth quarter of 2017 to 97.9% in the fourth quarter of 2018 The Construction Cost Index, CCI, decreased by 0.1 percent in the fourth quarter of 2018 compared with the fourth quarter of 2017. The index decreased from 98.0 percent in the...

LMNTS at the World Trade Club aims to stimulate all five senses at the same time Dubai World Trade Centre (DWTC) has announced the launch of a new immersive 3D dining experience – LMNTS – at the World Trade Club. Located on the 33rd floor of the Sheikh Rashid Tower, LMNTS is an...

Route between Dubai's DXB and Kuwait International Airport is the world's 10th busiest, according to OAG Aviation The route between Dubai's DXB and Kuwait International Airport is the world's 10th busiest, according to new data from OAG Aviation. Its new report showed that the...

UAE's largest fuel and convenience retailer says it will award a 63% rise in annual dividend for fiscal year 2019 Shareholders of Adnoc Distribution, the UAE’s largest fuel and convenience retailer, on Thursday approved a significant increase in dividends. Under the new policy,...

Emirates NBD hovers around 11-year high Saudi Arabia's stock market marked its ninth session of gains on Thursday, led by banking shares, while Emirates NBD's deal to buy Turkey's Denizbank lifted Dubai's main index. The Saudi index was up 0.9 percent, led by a 3.1 percent rise in...

Time Out Market will allow visitors to enjoy dishes from 16 of Dubai's top chefs and restaurateurs, as well as three lounges and a variety of curated cultural experiences Global media and entertainment business Time Out Group has announced a management agreement with Emaar Malls to out...

Company says it has begun testing with mobile network operators in the region and will soon conduct trials in Europe and Asia Dubai-based mobile and IoT solutions provider, Workz Group, has announced the launch of its first 5G SIM card which will support the next generation of cellular...

Emirates NBD strikes new Denizbank terms with Sberbank Dubai's Emirates NBD said on Wednesday it will buy Turkey's Denizbank from Russia's Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira. Under a new agreement reached...

UAE carrier flydubai is a MAX operator The United Arab Emirates will make its own checks on any fixes for the Boeing 737 MAX before permitting the grounded jet to resume flying in its airspace, a senior aviation regulatory official said on Wednesday. The MAX has been grounded...