Company's net property income falls as finance costs increase Emirates REIT, the shariah-compliant real estate investment trust listed on Nasdaq Dubai, reported a 57 percent decline in profit for 2018 as it suffered a decline in net property income and faced higher financing costs....

Expo 2020 Dubai is a long-term investment in the future of the UAE, the independently published EY report shows Expo 2020 Dubai’s aims stretch far beyond hosting a spectacular mega event to impress the world. We are making a long term investment in the future of our country that will...

The Saudi capital city of Riyadh will be the 51st destination to join the Emirates A380 network when it launches on Sunday Emirates said on Thursday it will make Riyadh its newest Airbus A380 service when it launches the superjumbo on the route from Sunday. The Saudi capital city...

UAE's General Civil Aviation Authority part of multi-nation review of the Boeing 737 Max automated flight-control system The US Federal Aviation Administration is planning what it calls a comprehensive multi-nation review of the control systems of the Boeing 737 Max airliner to include...

Dubai Municipality says investors are being sought for Creek Park, Mamzar Smart Park, Mushrif Park, Zabeel Park and Safa Park in addition to the Quranic Park Dubai Municipality has announced several investment opportunities in the emirate's public parks, such as the event spaces, and...

The number of licences issued to new businesses registered in Dubai rose three percent since December 2018. The total number of licences issued from the start of 2019 to April 15 reached 7,418, a Wam report said.  The number of licences issued documented by the Department of Economic...

Dubai construction giant Emaar will propose 15% of the share capital as dividend at annual general meeting on Monday The 23rd annual general meeting (AGM) of Emaar Properties, which is scheduled to take place on Monday, will propose the distribution of a AED1.07 billion ($290 million)...

New ValuStrat research says residential values in Q1 in UAE capital were 12.2% lower than same period last year Abu Dhabi residential property prices have fallen by more than 12 percent, according to consulting firm ValuStrat. Its latest report for Q1 2019 showed that Abu Dhabi’s...

Global Wealth Migration Report for 2019 says Dubai alone attracted more than 1,000 millionaires, more than Los Angeles, Melbourne, Miami, New York, San Francisco or Sydney About 2,000 high net-worth individuals (HNWIs), each with at least $1 million worth of net assets, moved into the...

Roads & Transport Authority says construction of roads and underpasses are scheduled for completion by the end of June The roads around Dubai's Jewel of the Creek mixed-use project are nearing completion, the emirate's Roads & Transport Authority (RTA) has announced....