Actis will take over the management rights to Abraaj Private Equity Fund IV and Abraaj Africa fund III DUBAI: Private equity firm Actis said on Monday it had acquired the rights to manage two private equity funds previously managed by collapsed buyout firm Abraaj, in a deal aimed at...

The project will slash annual CO2 emissions by 3,243 metric tonnes. Dubai Airports, the world's busiest international airport, and Etihad Energy Services Company (Etihad ESCO), a leading energy service company and a wholly-owned subsidiary of Dubai Electricity and Water Authority...

Saudi regulator is assessing plans to increase minimum capital requirements for primary insurers to 500 million Saudi riyals, which is five times the current amount Regulatory plans to increase minimum capital requirements for firms will lead to consolidation in the GCC Islamic...

Dubai's Roads and Transport Authority (RTA) has announced that 45 per cent of the construction work on the bridges and roads leading to Dubai Hills Mall at the junction of Umm Suqeim Street and Al Khail Road has been completed.  The project is being undertaken by RTA in co-ordination...

The Federal Authority for Identity and Citizenship (ICA) has announced that it is adopting Cabinet Resolution No.30 for 2019 regarding foreign residents wishing to bring their family members and servants to the UAE, which changed the main condition of acquiring residency from employment to...

The value of exports through Abu Dhabi ports increased by 14.8 per cent from Dh24 billion ($6.5 billion) in the first quarter (Q1) 2018 to Dh27.6 billion ($7.5 billion) in the same period of 2019, a media report said. The business sector rose by Dh2.7 billion (11.7 per cent), the government...

Dubai is currently building an advanced transport system through several vital projects that will serve the expected 25 million visitors of Expo 2020 Dubai, a media report said. "Expo 2020 Dubai is cooperating with government institutions to provide a unique transportation experience to all...

An Icelandic newspaper report claimed the Dubai carrier had sent a delegation to Iceland to evaluate potential of direct flights Emirates airline currently has no plans to start direct routes to Iceland, a spokesperson said, despite an Icelandic newspaper report claiming the...

The UAE’s real estate sector is likely to maintain stable performance The real estate sector in the UAE has seen a positive performance during the first half of 2019, backed by the “golden card” long-term residence system. In the first half of 2019, the real estate transactions in...

Cities' attractiveness, quality of life, governance and ease of doing business have become more appealing thanks to recent reforms Dubai and Abu Dhabi's outlook in terms of personal well-being, long-term investment, GDP growth, innovation, transparency and ease of doing business has...