The UAE’s banking sector is expected to perform better in 2017 in terms of asset growth, asset quality and profitability compared to 2016, said Dr Bernd van Linder, Chief Executive Officer of Commercial Bank of Dubai (CBD). Speaking to reporters at the bank’s headquarters in Dubai on...

Samsung Gulf Electronics has inaugurated the Galaxy Studio alongside Lebanese star Maya Diab at the Dubai Mall in Dubai. Galaxy Studio features the incredible ecosystem of Samsung products throughout nine interactive and exciting zones including the Galaxy S8/S8+, the Gear VR, Gear 360, the...

Etihad Airways agreed at the end of last year to repay a portion of two bonds maturing in 2020 and 2021 on behalf of Alitalia if the Italian airline ends up defaulting, two sources familiar with the situation said on Monday. Etihad and a number of airlines in which it has equity stakes...

Loss-making Dubai contractor Drake & Scull International said it expects to hear "very soon" from Saudi Aramco about settling nearly half of outstanding payments owed for its work on Riyadh's King Abdullah Petroleum Studies and Research Centre. Drake & Scull (DSI) has five claims...

DUBAI // A hotel with women-only floors and 80 per cent female staff is set to open amid growing demand for such services. Time Hotels is to build a four-star property in Al Barsha, with two floors reserved for female guests. Taxis driven by women will be on hand and female guests will...

FUJAIRAH // Hoteliers on the coast of Fujairah fear for the future of their businesses after a third oil spill in recent weeks. They say tankers deliberately dumping their oily ballast water into the sea is affecting tourism and they are losing out on thousands of dirhams – not to mention...

Boyd Merrett has been appointed CEO of Arabtec Construction Dubai-based contractor Arabtec Holding has appointed Boyd Merrett as CEO of its wholly owned subsidiary – Arabtec Construction, it announced on Sunday. Boyd previously worked with Australian contractor CIMIC Group, where he...

Aldar Properties, Abu Dhabi's leading listed property development, investment and management company, has appointed Trojan General Contracting as the main contractor for the first three precincts of its Dh6-billion ($1.633 billion) flagship development on Yas Island – Yas Acres. Trojan...

Dubai: If you are following traffic instructions and haven’t incurred a fine for a year, you might soon be fortunate enough to be stopped by a secret police car and given vouchers and prizes on the spot, police said on Thursday. Colonel Jamal Al Bannai, deputy director of the Traffic...

Customers can also buy parking cards at post offices. As part of a strategic partnership with Dubai's Roads and Transport Authority, Emirates Post Group is providing various RTA services to customers through post offices across the country, including the purchase of parking cards, payments...