Air Arabia dives on travel restriction Equity indexes in the United Arab Emirates (UAE) hit record lows as Gulf stocks tracked a sell-off in global shares on Thursday after the United States restricted travel and the World Health Organization (WHO) called coronavirus outbreak as a...

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Roads and Transport Authority tweets map that shows that the rapid transit system which will operate on suspended rails will operate a number of loops in the city Dubai's transport authority has unveiled a map showing the proposed routes to be covered by Sky pods, a futuristic urban...

All Saudi banks decline Stock markets in Saudi Arabia and United Arab Emirates (UAE) closed lower on Wednesday as oil prices fell after both the countries promised to raise oil output amid an oil-supply policy dispute with Russia. Saudi Arabia directed Saudi Aramco to raise its...

Slowdown can be seen as a natural move due to subdued market conditions Private sector developers lead while government-backed firms are going slow in terms of new project launches in Dubai, with increased focus on ongoing projects and delivering them on time. Year-to-date, three...

Ministry of Education urged public to refer to updates and instructions from official channels only The UAE's Ministry of Education has denied reports that there are plans to continue the distance e-learning system till the end of the school year. In a statement, the ministry...

Saudi, UAE will add 3.6 mln bpd to oversupplied market DUBAI - The United Arab Emirates joined Saudi Arabia on Wednesday in promising to raise oil output to a record high in April, as the two Gulf Arab oil producers in OPEC took a united stand in a standoff with Russia that has...

Gold owners are turning into sellers to take advantage of higher prices Buyers of gold jewellery may have taken a break at a time when prices continue to skyrocket, but the metal itself seems as popular as ever. When gold prices recently touched a seven-year high of $1700 per...

New infections involve people from Italy, the UAE, Sri Lanka, Britain, India, Germany, South Africa, Tanzania and Iran The UAE on Tuesday reported another surge in new coronavirus cases with 15 infections taking the country's total to 74. According to state news agency WAM, the...

Return flights will be only open to non-Saudi nationals Dubai-based Emirates Airlines will operate selected flights to Riyadh, Jeddah and Dammam from 12 to 15 March. Only Saudi nationals will be allowed to travel on these flights from Dubai to the three cities. However, those...