Developer says its market valuation is 40 percent below book value Dubai-based real estate developer Union Properties has gained approval from shareholders to buy back and re-sell up to 10 percent of its shares with a view to improving its share price. The company, which is best...

My City Centre Masdar, the Dh300-million eco-friendly mall with sustainability at its heart, opened in Abu Dhabi on Wednesday.... My City Centre Masdar, the Dh300-million eco-friendly mall with sustainability at its heart, opened in Abu Dhabi on Wednesday. Touted as one of the...

Better public services and sustainability lift UAE's ranking The UAE is the most stable country in the Arab World in 2019, improving its rating further this year due to betterment in its public services, economic sustainability and human capital. The Fragile States Index, released...

Mohamed Alabbar, chairman of Emaar Properties, says shareholders' support 'enables us to create long-term value for the company' The 23rd annual general meeting (AGM) of Emaar Properties has approved the distribution of AED1.07 billion ($290 million) as dividend to the shareholders,...

Property Finder research says developers are progressively reducing the unit size in order to lower prices Developers in Dubai have been progressively reducing the unit size to make properties more affordable for investors and end-users, according to research by Property Finder....

Sheikh Mohammed says the 'unconventional' ministry will function without a minister but with input from the UAE cabinet The United Arab Emirates on Tuesday unveiled a new branch of government, a Ministry of Possibilities, three years after launching a department in charge of happiness....

Bookings are already being taken for the Dubai Exhibition Centre ahead of Expo 2020 Dubai, which is set to draw 25 million visits Expo 2020 Dubai unveiled details of the 45,000 sq m exhibition centre that will serve at the meeting hub for the six-month event, as well as a significant...

CosmeSurge, one of the region’s most trusted brands for cosmetic and aesthetic procedures, will soon launch the region’s maiden state-of-the-art cosmetic and aesthetic surgery hospital in Dubai, UAE. The hospital, which is said to cost Dh40 million ($10.8 million), aims to cater to the...

The UAE Cabinet has adopted the National Artificial Intelligence Strategy 2031 that aims at positioning the UAE as a global leader in artificial intelligence by 2031. The strategy was adopted at a Cabinet meeting chaired by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime...

DIB reported a 14.53% increase in year-on-year net profit for Q1 2019 Dubai Islamic Bank (DIB) announced on Tuesday that it is exploring the possible acquisition of Noor Bank as it released its first quarter (Q1) results. DIB said in a statement to the exchange that its board of...