Barcelona-based firm said it raised $165.33mln from Mubadala and other investors MADRID- Spanish delivery startup Glovo said on Thursday it had achieved a valuation of $1 billion, after a new funding round attracted investment from Abu Dhabi sovereign wealth fund Mubadala. The...

Two-storey penthouses are being added to the Samia, Farishta, Shaista and Plaza developments in Al Furjan UAE-based Azizi Developments has launched new sky villas across its residential projects in Al Furjan in Dubai, describing them as a "true game changer". The two-storey...

18-storey Avani is the second Nakheel hotel at Ibn Battuta Mall and one of several in operation or under construction Dubai-based master developer Nakheel has marked a key milestone in its hospitality business strategy, with the opening of the Avani Ibn Battuta Dubai. The hotel...

With the acquisition, DIB will become one of the largest Islamic banks in the world, with total assets worth $74.9bln DUBAI - Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant bank, said on Wednesday it had received shareholder approval for the acquisition of...

Abu Dhabi Developmental Holding Company and FTI Group reveal plans to partner to boost visitor numbers to the UAE capital Abu Dhabi Developmental Holding Company (ADDH) and one of Europe’s leading tour operators, FTI Group, have formalised plans to partner to boost visitor numbers to...

Salem Obaidallah, the airline's senior VP for commercial operations, Americas, said that the airline will also hire more Mexican nationals if its new route via Barcelona proves successful Dubai’s Emirates Airline is open to operating the iconic Airbus A380 on its new Mexico City route...

Private sector will also be encouraged to take part in government efforts to cement UAE's future The UAE government’s latest initiative to build a comprehensive plan for the next 50 years is expected boost business confidence in the country, analysts confirm. In a series of tweets...

Innovative wheelchairs for passengers with restricted mobility could be introduced at new Abu Dhabi airport terminal Etihad Airways, together with its partners Abu Dhabi Airports and WHILL, have completed trials of their autonomous wheelchairs at Abu Dhabi International Airport....

Renovation plan revealed as Mandarin Oriental Hotel Group will take over management of the Emirates Palace from January 1 Emirates Palace Company (EPCO) on Monday announced that Mandarin Oriental Hotel Group will take over management of the iconic Emirates Palace, Abu Dhabi, from...

New research shows average property price in Dubai falls to AED895 per sq ft in November Property prices in Dubai fell to AED895 per sq ft on average in November, representing their lowest level for seven years, according to new research. The Dynamic Price Index (DPI) from...