A total of 18 out of 19 national banks and financial companies in the UAE have announced an increase in their total net profits to Dh46.47 billion ($12.65 billion) an increase of 11.6 percent compared to Dh41.63 billion in 2018. The figures showed that the banking sector accounted for some...

Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, has kicked off the second phase of Maryam Island masterplan with the launch of Maryam Gate Residences in downtown Sharjah. Located next to Maryam Beach Residences, it...

New research shows Saudi Arabia and the UAE to plough billions into expanding tourism offerings over the next few years More than $23 billion worth of hotel construction contracts are scheduled to be awarded in the Middle East and North Africa by 2023, according to new research....

Contracting major says statement issued by Khaldoun Tabari 'lacks credibility and is not supported by evidence' Dubai-based Drake and Scull International on Monday hit back at claims from its former CEO Khaldoun Tabari that allegations of embezzlement and fraud were "unwarranted...

Palma Holding unveils exclusive presidential penthouse, located at Serenia Residences on the crescent of The Palm Jumeirah A Dubai developer has unveiled its most exclusive presidential penthouse, located at Serenia Residences on the crescent of The Palm Jumeirah, priced at AED55...

Starting its operations in Jeddah before expanding to Riyadh later this month Dubai-based tech startup Justmop.com, a popular digital home cleaning app in the region, has announced that it has expanded into Saudi Arabia. Starting its operations in Jeddah before expanding to Riyadh...

Men accounted for 86% of all very high net worth individuals Population of very high net worth individuals (VHNWIs), those with a net worth of $5 million (Dh18.35 million) to $30 million (Dh110 million), grew one per cent to 73,680 in the Middle East while their wealth also grew at the...

Upward movement of Bitcoin prices are showing strong correlation with market uncertainties Growing uncertainty in global asset classes has led speculators to invest in cryptocurrencies and betting on safe havens. The onset of China's Coronavirus, trade wars, and geopolitical...

Global Women’s Forum Dubai to be held under the theme ‘The Power of Influence’ from 16-17 February DUBAI - Ivanka Trump, Advisor to the President of the United States of America today said that the United Arab Emirates is taking bold leadership in advancing women’s empowerment in the...

Two new patients who had recovered were also Chinese citizens ABU DHABI - The UAE Ministry of Health and Prevention announced today that two new Coronavirus patients admitted into one of the country’s hospitals had recovered, bringing the number of recovered cases to three out of a...