Both markets and much of the MENA region faced challenging conditions leading to lower earnings Hotel rates in Abu Dhabi and Dubai decreased significantly last month as hoteliers continued to face pressure, according to EY. In the professional services firm’s report, it found that...

Dubai Electricity and Water Authority (Dewa) said its 132/11-kilovolt (kV) substation being implemented within the Expo 2020 Dubai Park is 80 per cent complete and due to be operational by the end of August. The substation named Mobility with a conversion capacity of 150 megavolt amperes...

President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as Ruler of Abu Dhabi, has issued an Emiri Decree reshuffling the board of Abu Dhabi Investment Authority, ADIA, under the chairmanship of His Highness. The Decree named the following as members of the board : His...

Dubai-based real estate development and hospitality group FIVE Holdings is expected to close financing for two of its ventures in the coming weeks, the company’s CEO said. FIVE Holdings, previously known as SKAI Holdings, launched a 2.1 billion UAE dirham ($570 million) real estate...

Dubai: Holidaymakers from UAE who make an effort to arrive early at the airport prior to departure can avail themselves of some great discounts. Travellers can enjoy some money-saving deals at a number of restaurants and get the chance to win a prize, it was announced on Monday. They can...

The carrier said 106,000 travellers would pass through Dubai International’s Terminal 3 during the Eid period Dubai airline Emirates has urged travellers to arrive at Dubai International’s Terminal 3 at least three hours before their flight’s departure time due to higher passenger traffic...

Kabir Mulchandani to operate hotel, Viceroy no longer involved Kabir Mulchandani’s FIVE Holdings has dramatically taken over operation of the Viceroy Palm Jumeirah hotel, less than three months since its official opening. In a statement released, Aloki Batra, CEO of FIVE Hospitality...

Transport authority says it is working on finalising routes, landing and take off points Dubai will begin trials of an autonomous air taxi (AAT), capable of carrying two passengers, in the fourth quarter 2017, the Roads and Transport Authority (RTA) said on Monday. The authority has...

Property agents admit builder incentives leading to more sale enquiries Dubai developers are leaving no stone unturned this Ramadan to keep their sales buoyant, with property agents admitting incentives have increased off plan sales and generated buyer interest. The Dubai Land...

Dubai-based airline, flydubai, and Mercator, a global provider of software platforms and product-enabled solutions to the travel industry, have announced the signing of a seven-year extension to their air cargo management contract. The renewal agreement reaffirms the continuation of the...