Nation home to 55 billionaires, controlling $165bln of wealth The UAE has been ranked among the top 10 countries globally in terms of the number of billionaires as the nation is home to 55 of them, controlling $165 billion in wealth, according to Wealth-X Billionaire Census 2019....

Ratings agency forecasts recent population decline will reverse as economy picks up Abu Dhabi's GDP growth will edge up to 2 percent this year and continue to gradually climb to 3 percent by 2022, ratings agency S&P Global has said. In a note distributed on Sunday, S&P...

Canadian stand-up comedian Russell Peters presents his comedy show on June 6 at Coca-Cola Arena. Globally famous comedian Russell Peters will return to Dubai with his brand new Departed World Tour. The tour started in Australia and New Zealand in February 2018 and has already traveled...

Yas Gaming Festival for all gaming fans will be held from June 5 to 15 at Town Square, Yas Mall, Abu Dhabi. There will be things to do for gamers of all ages. Guests of the festival will be able to participate in tournaments and win prizes, as well as join the competition for the best...

Construction consultancy Atkins says mega projects in Saudi Arabia are driving growth in business UK-headquartered construction consultancy Atkins is looking to double the headcount of its recently opened office in Riyadh by the end of 2019. Adrian Lindon, the company's managing...

S&P Global projects economic growth in Abu Dhabi to accelerate to 2% this year from 1.8% in 2018 Abu Dhabi’s economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu...

Urent launched its fully-operating website recently to introduce the concept to the UAE and onboard as many users a possible. The official launch on all platforms will take place on June 29. UAE - Urent, an online platform that is set to revolutionise the UAE car rental industry by...

$7.35bln paid in 2018, surpassing government target of $3.26bln; revenue seen growing more this year UAE residents paid Dh27 billion in value-added tax (VAT) last year, surpassing the government's target of collecting of Dh12 billion, an increase of 125 per cent. It even surpassed the...

Abu Dhabi's manufacturing sector grew by nearly 6% last year, becoming the third largest contributor to the non-oil economy Abu Dhabi's manufacturing sector grew by nearly 6 percent last year, becoming the third largest contributor to the non-oil economy, it has been revealed. A...

Statistics Centre - Abu Dhabi figures show the number of hotel rooms in UAE capital has increased to more than 33,000 Hotel revenues in Abu Dhabi increased 16.1 percent in Q1 to around AED1.7 billion ($460 million) from AED1.48 billion in the year-earlier period. According to the...